Flat 3, Westbourne, Clyffard Crescent, , Newport, NP20 4GF

Auction Guide £75,000 - For Sale

1
  • For Sale By LIVE ONLINE AUCTION
  • Thursday 4 August 2022
  • Remote Online, Proxy & Telephone Bidding
  • Legal Packs via our website

GUIDE PRICE £75,000-£85,000
A spacious 1-bedroom flat occupying the entire top floor of an attractive period building in a central location in Newport. The property benefits from a well-proportioned living room and bedroom, a separate kitchen/diner and a spacious bathroom with 4-piece suite. The property is ideally located for access to the city centre and train station and would make an ideal buy to let investment (potential rent of £650 - £675 pcm) or first time buy.

FOR SALE BY AUCTION -

This property is due to feature in our online auction on 4 August 2022 at 6.00pm. Bidding is via proxy, telephone or online remote bidding.

VIEWINGS -

Strictly by Appointment with Maggs and Allen.

SUMMARY -

4 AUGUST AUCTION - SPACIOUS TOP FLOOR FLAT IN A PERIOD BUILDING - SUPERB BUY TO LET INVESTMENT

LOCATION -

Situated in a central location on Clyffard Crescent in Newport, easy access is provided to the city centre and Newport train station. Excellent transport links are also provided to the M4 motorway.

ACCOMMODATION -

Please refer to floorplan for approximate room measurements and internal layout.

FLAT 3 -

Accessed via a communal hallway and staircase from the ground floor, this top floor flat comprises of a an entrance hall, living room, double bedroom, kitchen/diner and bathroom.

RENTAL POTENTIAL -

We anticipate a market rent in the region of £650 - £675 pcm (£7,800 - £8,100 per annum).

TENURE -

We understand from the Vendor that the property is to be sold on the residue of a 125 year lease from 2019. Please refer to the online legal pack for confirmation.

GROUND RENT -

A ground rent of £50 per year is payable.

MAINTENANCE CHARGES -

We understand from the Vendor that the owner of this property is responsible for 25% of any maintenance works to the building.

ENERGY PERFORMANCE CERTIFICATE -

Rating: D

COUNCIL TAX BAND -

Band A

BUYER'S PREMIUM -

Please be advised that all purchasers are subject to a £1,200 plus VAT (£1,440 inc VAT) buyer’s premium payable upon exchange of contracts.

*GUIDE PRICE -

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. Each property will be offered subject to Reserve Price (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.

RESERVE PRICE -

The seller's minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

PROXY, TELEPHONE & ONLINE REMOTE BIDDING -

The auction will be held online via live video stream with buyers able to bid via telephone, online or by submitting a proxy bid. You will need to complete our remote bidding form, which is available to download from our website. The completed form, ID (driving licence or passport and a recent utility bill stating the home address of the purchaser) and a cheque/bank transfer for the Preliminary Deposit must be received no later than 24 hours before the date of the auction.

PRELIMINARY DEPOSITS -

The Preliminary Deposit required for each lot you wish to bid for will be calculated based upon the Guide Price as follows:

£1,000 - £50,000: £2,000
£51,000 - £150,000: £5,000
£151,000 and above: £10,000

If your bid is successful, the balance of the deposit monies and Buyer's Premium (£1,440 inc VAT) must be transferred to our client account within 24 hours of the auction sale. If you are unsuccessful at the auction, your Preliminary Deposit will be returned to you.

Floorplan for Clyffard Crescent, Newport