Lot 7 - Flat 1, 114 St. Mary Street, Risca, Newport, Gwent, NP11 6GR
- Unconditional Online Auction Sale
- Guide Price* : £68,000+
- Bedrooms: 1
- Bathrooms: 1
- Reception Rooms: 1
GROUND FLOOR FLAT FOR OWNER OCCUPATION OR RESIDENTIAL INVESTMENT
Description
Situated in the sought-after residential area of Risca, this well-presented ground floor flat offers an excellent opportunity for both owner-occupiers and investors alike.
The property provides modern open-plan living accommodation, creating a bright and versatile living space, along with one well-proportioned double bedroom. To the rear, the flat further benefits from an allocated garden area, offering valuable outdoor space rarely found with properties of this type.
Internally, the flat is presented in good order throughout and benefits from double glazing and gas central heating via a combination boiler (Baxi - Warranty remaining).
Risca's main shopping area is within walking distance and provides a large selection of shops, cafe's, supermarkets etc. There are nearby road links to the A467 bypass which provides access to the M4 Motorway at junction 28 in approximately 10-minutes.
This property represents a strong investment opportunity. The area enjoys consistent demand for rental accommodation, with an estimated rental income of approximately £650 per calendar month, making it an attractive buy-to-let prospect as well as a comfortable home for owner-occupiers
Accommodation
Ground Floor - Communal entrance hallway, living/dining/kitchen area, bathroom, double bedroom
Outside - Allocated rear garden area
Tenancy Details
To be sold with vacant possession
Tenure
Tenure is advised as leasehold - information to follow
Auction Fees And Additional Costs
The purchaser will be charged a buyers premium of 1.20% of the sale price with a minimum fee of £1,195 inc. VAT
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty. Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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