Block of flats for sale in Newport NP19, 2 Bedroom

An interesting opportunity to acquire a freehold Victorian terraced house, currently arranged as two self contained one bedroom flats and conveniently situated for the facilities and amenities of the rapidly developing Newport. The ground floor is currently let and generating an income of £500 pcm/£6,000 pae, with the first floor flat currently vacant and ready to let. The property is likely to appeal to residential lettings investors, those seeking a post works break up and resale venture, or for multi-generation occupancy.

Guide prices & reserve prices

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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.