5 bed block of flats for sale

222 Chepstow Road, Newport, Gwent NP19

For sale by online auction - Lot 18 - Residential Investment Opportunity


Bidding opens: 20/05/2025 12:00
Auction scheduled to end: 22/05/2025 17:30

online auction from 20th may - 22nd may 2025

A substantial freehold block of 5 flats situated in a convenient location for access to local amenities and shops and Newport city centre and access to the M4.

The property has been well managed and maintained and enjoyed good occupancy levels for the current owners.

The flats all benefit from fitted kitchens and bathrooms and have UPVC double glazing and 4 are currently let to tenants keen to remain and the ground floor flat has just become vacant. Each of the flats have their own electric and water meters.

The property has a spacious communal rear garden.

Virtual tour

AccommodationFloorDescriptionRentGround Floor (Communal entrance hall) Flat 1Lounge, bedroom, kitchen, shower room/wcPreviously let at £495 pcm but should now let at £650 pcmGround Floor (Communal entrance hall) Flat 2Lounge, bedroom, kitchen, shower room/wcLet at £600 pcmFirst Floor - Flat 3Lounge / Bedroom kitchen shower room / wcLet at £595 pcmFirst Floor - Flat 4Lounge / Bedroom kitchen shower room / wcLet at £595 pcmSecond Floor - Flat 5Lounge / Bedroom kitchen shower room / wcLet at £595 pcmOutside - Spacious communal rear garden
Tenure:
Advised Freehold - to be verified by solicitor

Tenancies:
Potential income in excess of above £36,000.00 per annum and can be increased.