3 Powells Place, Newport, Gwent, NP20 1EL
Sage and CoSage & Co Auctions offers a fast, secure, and hassle-free way to buy and sell property and land across Wales. With 45 years of experience and a dedicated team, they provide expert guidance, online auctions, and legally binding sales for a smooth and efficient process.
Read more Read moreWe are pleased to offer this superb investment opportunity in the heart of Newport – a fully tenanted 5-bedroom HMO located in Powells Place. This recently renovated property is finished to a high standard throughout and is ready to generate immediate income from day one. Set in a highly convenient location, the property is just a short walk from Newport’s main shopping area, offering a wide selection of amenities, shops, cafes, and restaurants. Excellent transport links are within easy reach, including Newport Bus Station and Newport Railway Station, making it an ideal choice for professional tenants and commuters. Each of the five rooms is currently occupied, offering a strong and consistent rental yield in an area with high tenant demand. The property has been thoughtfully updated and maintained to a high standard, ensuring minimal void periods and long-term rental appeal. The property is fully furnished with modern fittings. It fully conforms to all current HMO licensing and safety requirements, providing peace of mind for landlords and tenants alike. Further benefits include gas central heating, double-glazed windows, permit parking to the front of the property, and a bike shed to the rear. This is a turn-key investment opportunity in a thriving rental market – ideal for both new and experienced landlords. Accommodation Ground Floor - Entrance Hallway, Kitchen/Dining Room, Shower-room, 2-bedrooms First Floor - Landing, 3-bedrooms, Shower-room Outside - Low maintenance concrete yard to rear Tenancy Details Room 1 - £475 Per Calendar Month (£5700 Per Annum) Room 2 - £500 Per Calendar Month (£6000 Per Annum) Room 3 - £575 Per Calendar Month (£6900 Per Annum) Room 4- £500 Per Calendar Month (£6000 Per Annum) Room 5 - £450 Per Calendar Month (£5400 Per Annum) Tenure Tenure is advised as Freehold Council Tax Band D Auction Fees And Additional Costs The purchaser will be charged a buyers premium of 1.20 % of the sale price with a minimum fee of £995 inc. VAT Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty. Please check accompanying legal pack for further details.
