Looking for a doer-upper or something a little different? Thinking about setting up a property portfolio? Then an auction may be a good place to start.
Here is a small selection of properties from the catalogue of the next sale held by Newport-based Paul Fosh Auctions, which will be held online on Thursday, October 22 starting at 5pm with bids being registered from 12 noon on Tuesday, October 20.
Florence House, Ruperra Street, Newport: A landlord looking to expand their portfolio would likely be interested in this block of ten flats in Newport. The block is made up of six one-bedroom flats, and four two-bedroom flats, all of which would benefit from some refurbishment. Seven of the flats are currently let but the other three are to be sold with vacant possession. The block is a short walk from Newport city centre which offers a large range of shops and amenities. This property has a guide price of £405,000.
138 Tan Y Bryn, Rhymney, Tredegar: This modern mid-link property would be well suited to a potential first-time buyer, or someone looking for a buy-to-let. It has been previously let, enjoying good occupancy levels. The property benefits from double glazing and has central heating, with further benefits being three bedrooms, a forecourt and an enclosed rear garden. This property has a guide price of £40,000.
Cefn Perthy Farm, Henllys Way, Coed Eva, Cwmbran: If it is something slightly more exotic you’re looking for, there is this secluded one acre plot, comprising of a farmhouse, barns, outbuildings with walled yard, gardens and a small paddock. The barns also have approved residential planning permission for two large three-bedroom dwellings and are ready for conversion. The farmhouse benefits from four bedrooms, extensive gardens with views, a yard for parking and an original garage. It also features mains electric and water, and oil-fired central heating. This property has a guide price of £575,000.
Flat 7, Wesleyan Church, High Street, Llanhilleth, Abertillery: Fancy owning part of a former church? This flat in Llanhilleth is part of a converted church and offers spacious accommodation throughout. It features one bedroom, a kitchen, living room, bathroom, and study/office. It is situated close to local amenities and Llanhilleth railway station, with links to Cardiff city centre. This property may be of interest to investors looking to let, and it could be let for £350 a month. It has a guide price of £23,000.
Cottage rear of 74, King Street, Brynmawr: One of the more unusual lots in this month’s auction is this stone-built cottage in Brynmawr. The property does require full modernisation throughout, but comes with a forecourt and rear yard, and it features a slate roof covering. It would be very well suited to someone looking for a nice project. The cottage is situated close to Brynmawr town centre with its wide range of facilities and amenities. It has a guide price of £18,000.
Flat 6, Rodney House, Millennium Walk, Newport: This top-floor modern flat in Newport is within walking distance of the city centre with its wide range of amenities. It should be of interest to those looking for owner occupation, and investors alike. The flat features an open-plan fitted kitchen/lounge with Juliet balcony, two double bedrooms, and a family bathroom. It also benefits from double glazing, gas central heating, and an allocated parking spot. It has a guide price of £90,000.