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Mellon Street, Newport, NP20

Offers Over £120,000Freehold

411

Key Information

Tenure:Freehold
Council tax band:C
Broadband:up to 1800Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

Being Sold by Isla Alexander Auction (BUY IT NOW Option Available) – Reservation Fee Applies
Fantastic Investment opportunity
Four bedroom HMO
Huge demand for rental property
Good double sized four bedrooms
Close To All Amenities, Shops, Leisure Facilities and city centre
Currently fully occupied with potential to increase significantly
Potential to add significant value

Description

Investment opportunity! Spacious 4-bed HMO with rental income potential. Prime location near amenities. Ideal for investors seeking to grow their portfolio. Viewing essential for this rare gem.

This Property is Being sold by Isla Alexander Modern Auction 

 

Modern Auction is a faster and more secure way to sell or purchase a property, where the seller and the buyer commit to the transaction and an agreed fixed timescale.

 

A legal pack (including searches) will be created upfront and made available to any interested parties and passed to the conveyancers once a sale has been agreed. Please contact Isla Alexander Estate Agents to view these documents.


When an offer is accepted, the buyer will be required to pay a non-refundable Reservation Fee of £6,875 including VAT (in addition to the final negotiated selling price), sign a Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Isla Alexander Team.

Welcome to this fantastic investment opportunity - a spacious four bedroom terraced house located in a bustling area close to all amenities, shops, leisure facilities, and the city centre. This property isn't just your average house - it's a four bedroom HMO with huge potential for rental income.

As you step inside, you'll find good-sized double bedrooms just waiting to be transformed into cosy living spaces for tenants. Currently fully occupied, this property offers the chance to increase its rental income significantly, making it a smart choice for investors looking to expand their portfolio.

If you have a keen eye for renovation projects, this property offers a chance to add significant value with some TLC and a bit of elbow grease. It's a rare opportunity in a sought after location that's just waiting for you to unlock its full potential.

With its prime location and strong rental demand, this property is a must-see for anyone looking to make a savvy investment in the property market. Don't miss out on the chance to turn this diamond in the rough into a lucrative source of rental income.

This is a rare opportunity that you do not want to miss out on. The chance to own a property with such potential is something that doesn't come around every day. Whether you're a seasoned investor looking to expand your portfolio or a newbie dipping your toes into the property market, this house is a must view for you.

So, what are you waiting for? Take the leap and come see this property for yourself. Feel the possibilities that this house holds, envision the potential that lies within its walls. Don't let this opportunity pass you by.

Arrange Viewing

Marketed by

Luke Rowlands

Partner
Luke Rowlands
Wadham College of Science
(0.15 miles)
St Woolos Primary
(0.3 miles)
Number of pupils: 351
Age Range: 5-11
Maindee Primary
(0.33 miles)
Number of pupils: 550
Age Range: 5-11
Pillgwenlly Primary School
(0.4 miles)
Number of pupils: 665
Age Range: 5-11
Sporting Chance
(0.57 miles)
Greenfields School
(0.62 miles)
St Michael'S Rc Primary School
(0.66 miles)
Number of pupils: 249
Age Range: 5-11
St Marys Primary School
(0.74 miles)
Number of pupils: 421
Age Range: 5-11
St Josephs Rc Jnr & Infts
(0.8 miles)
Number of pupils: 211
Age Range: 5-11
Eveswell Primary School
(0.87 miles)
Number of pupils: 486
Age Range: 5-11

Property Calculators

If you would like to learn more about how we can help with your mortgage please visit our mortgage page.

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ631 /mo.25 Years, 5% Interest
Loan
ÂŁ108,000
Total Repay
ÂŁ189,407

Land Transaction Tax

You’ll have to pay the land transaction tax of:
ÂŁ0

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