For sale by online, unconditional auction on 03/12/2025 18:41

Guide Price: £97,000+

HOUSE FOR RESIDENTIAL INVESTMENT

Situated in the popular and convenient area of Maindee, this three-bedroom mid-terraced house offers an excellent opportunity for investment. The property requires some modernisation and renovation but provides generous accommodation throughout and strong potential to add value.

Having been occupied by long-term tenants for the past 16 years, the property currently offers an immediate rental opportunity, with the tenants expressing a keen interest to remain in residence.

The accommodation comprises two reception rooms, a kitchen and bathroom to the ground floor, with three well-proportioned bedrooms to the first floor. The property also benefits from gas central heating, partial double glazing and a good-sized enclosed garden to the rear.

Maindee is a well-established residential area offering a wide range of local shops, amenities and schools, with Newport city centre approximately one mile away providing additional shopping, leisure and transport facilities including Newport Railway Station. The nearby Chepstow Road offers convenient access to the M4 motorway at Junction 24, making this an ideal location for commuters to Cardiff, Bristol and beyond.

Accommodation
Ground Floor - Entrance hallway, living room, dining room, kitchen, bathroom
First Floor - Landing, 3-bedrooms
Outside - Forecourt, enclosed rear garden

Tenancy Details
To be sold subject to an occupational tenancy agreement at £675 per calendar month (£8,100 per annum)

Tenure
Tenure is advised as Freehold

Applicable Fees Please note: A Buyers Premium will be applicable to all lots sold at auction, this is charged at inc. VAT of the final sale price (subject to a minimum of inc. VAT).