Vendor: Mortgagees in possession

A traditional style, 2 bedroom terraced house (850 sq ft) with gardens. The house requires refurbishment. Development potential, vacant.

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Description/Location

Situated to the north of the city centre with Newport High Street, Friars Walk Shopping Centre and Newport Market nearby, Newport Station 0.6 miles. We are advised Japanese Knot Weed has been identified in the rear garden, we do not have a specialist report. Post refurbishment, we estimate the current rental value is £850+ pcm.

Tenure

Freehold

Viewing

Network Auctions - 020 7871 0420

Accommodation

Ground Floor: Entrance hall and stairs, dual aspect lounge / dining room, kitchen. First Floor: Landing, 2 bedrooms, bathroom. Outside: Rear garden.

Rent

ERV: £10,200+ pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.