3 Powells Place, Newport, Gwent, NP20 1EL
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
5
- BATHROOMS
1
- SIZE
1,679 sq ft
156 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Guide Price: £239,000+
INVESTMENT OPPORTUNITY
We 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
Applicable Fees Please note: A Buyers Premium will be applicable to all lots sold at auction, this is charged at inc. VAT of the final sale price (subject to a minimum of inc. VAT).
Brochures
Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
3 Powells Place, Newport, Gwent, NP20 1EL
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Visit our security centre to find out moreDisclaimer - Property reference 302143. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Sage & Co Auctions, Cwmbran. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Sage & Co Auctions, Cwmbran on 01633 603899.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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