Two bedroom buy to let in central location
1 Junction Road, Newport, NP19 7FA
- 5
Key features
Guide Price: *
£85,000
Fees apply
Reservation fee:3.6% (min. £6,000)
Legal fee:£1,500
All fees include VAT at 20%
Auction Type:
Conditional
Sold for:
£94,000Bid history
16 bidsO
27/07/2023 14:05:51 - £94,000
E
27/07/2023 14:05:23 - £93,000
O
27/07/2023 14:04:39 - £92,000
See all 16 bids ▾
GREAT INVESTMENT OPPORTUNITY
Two-bedroom buy-to-let with reliable tenant in situ to be sold as seen. The property would be a great investment opportunity with a long-term tenant in place and the opportunity for improving the property. The property is ideally located just a 10-minute walk from the city centre and Newport train station. There are local amenities close by, including a Tesco Express around the corner. The M4 can be easily accessed at either Junctions 25 or 26. There is plenty of tenant demand in the local area with well regarded schools; Glan Usk primary and St Julian's Comprehensive nearby.
- The sale is due to retirement.
- The property is currently let out, the current tenant has been in situ for over 13 years. The tenant has expressed strong interest at remaining at the property post sale and is willing to pay market rental rates.
- The average rental figure for a 2 bedroom property in the area is £9,000pa
Summary
- Auction end
- 27th Jul at 14:10
- Property type
- Residential
- Tenure
- Freehold
- Bedrooms
- 2
- Bathrooms
- 1
- Council tax band
- C
†Conditional auction
If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above). All properties sold by conditional auction are sold subject to a reservation fee which is clearly stated in the terms and conditions attached to the property and in the bidding box before a bid is placed. The reservation fee is payable in addition to the final purchase price and is received on a non-refundable basis, subject to the terms of the Reservation Agreement. To ensure that the successful bidder proceeds, the winning buyer is automatically charged a reservation fee and agrees prior to making their bid, to pay any outstanding amount of the property reservation fee immediately at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), the reservation fee shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction (unless otherwise stated in the "Other Key Info" section in the listing above), they will forfeit the full amount of the reservation fee.Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Bluestone Property shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Bluestone Property. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.