Looking to invest in property? Here’s a selection including houses, a former school, a social club, a plot of land and five garages to give you an idea of the sort of thing you could snap up at auction.
These properties are being offered for sale through Newport-bed Paul Fosh Auctions next auction on Thursday, March 18 starting at 5pm with bids being registered from 12 noon on Tuesday, March 16.
For details visit www.paulfoshauctions.com
Buyers and sellers are advised to contact the office number, 01633 254044, or email info@paulfoshauctions.com with any questions they may have.
Lot 5: Keron, Old Lane, Aberyschan, Pontypool: This large plot of land, situated in a sought-after area of Aberyschan, near Pontypool, currently has a detached bungalow which has been recently renovated on it. The property also, however, suffered from structure damage. The plot is a generous size, so this lot may interest buyers looking to repair the property or demolish and rebuild (subject to obtaining the correct planning consent). Benefits of the plot include off-road parking, a garage, and views across the surrounding valley. This property has a guide price of £92,000.
Lot 15 – 25 Bryn Bevan, Newport: A landlord looking to expand their portfolio may be interested in this currently-let three-bedroom, semi-detached property in Newport. The property benefits from a fitted kitchen, a family bathroom, gas central heating, double glazing, a garage, and a spirit level garden at the rear. It is currently let on an assured shorthold tenancy agreement at £600 pcm. It has a guide price of £110,000.
Lot 16 – 58 Allt-yr-Yn Crescent, Newport: This well-presented, spacious maisonette in Allt-yr-yn, Newport, has been well maintained by the current owners and may interest both owner-occupiers and landlords alike. The property benefits from a large kitchen, two bedrooms, a garage, a small parcel of land, and views to the front of the property. It is close to Allt-yr-yn’s amenities, and Newport city centre is less than a mile away. The property has a guide price of £73,000.
Lot 28 – The Arundel Club, Ton Mawr Street, Blaenavon: This former social club in Blaenavon features upstairs four-bedroom accommodation and is a large former public house located off the main A4043 Pontypool Road. It has ‘stunning’ views. The club comprises two bar areas, a kitchen and two sports lounges, with disabled access to the side of the property. The accommodation features a lounge, kitchen, bathroom, and four bedrooms. The property has a guide price of £160,000.
Lot 31 – Former RBS Bank, 32 Commercial Street, Newport: A slightly more unusual lot is this former RBS bank in Newport city centre. The mid-terrace commercial building is in good condition and provides an approximate 1,214 square feet of space, including the basement. The property occupies a prime position on the pedestrianised retail area of Commercial Street. It is being sold with vacant possession, but it had been recently let for £28,500 per annum. The former bank has a guide price of £100,000.
Lot 41 – 134 Mendalgief Road, Newport: This property may be of interest to owner occupiers, landlords, and those looking to renovate and re-sell. It is a large semi-detached house in Newport, within walking distance of the city centre. The house has been well maintained and benefits from gas central heating, double glazing, three bedrooms, gardens to the front and rear, and off-road double-garage parking to the rear. It has a guide price of £145,000.
Lot 53 – Land for Development, Navigation Road, Risca, Newport: If you are looking for somewhere to build your dream home, or if you are looking to build and sell on, then how about this plot of land for development in Risca? The plot already has planning permission for a three-storey, three-bedroom, detached dwelling with integral garage. A significant benefit is that a lot of the ground works have already been completed. Described as ‘ready to go’, the build has been completed up to slab level with retaining walls in place. This lot has a guide price of £81,000.
Lot 54 – The Old School, Gething Terrace, Blaenavon: This former school has the lowest guide price in our list but could offer a good opportunity for residential or commercial development (subject to obtaining the necessary planning permissions). The stone-built school, in Blaenavon, requires extensive work and has previously been used for manufacturing and production. It has remained vacant for many years but offers easy access to Blaenavon and Pontypool and the Heads of the Valley Road is only five miles away. The property has a guide price of £25,000.
Lot 70 – 6A Queen Victoria Street, Tredegar: One that could be of interest of to a first time buyer is this semi-detached house in Tredegar. The new built property, which is situated close to Tredegar town centre, benefits from a modern fitted kitchen, UPVC double glazing, gas central heating, two bedrooms, off-road parking to the side, and it has been decorated and carpeted throughout. It has a guide price of £78,000.
Lot 83 – 5x Garages at, Thompson Avenue, Newport: If you are not looking for a house at all, then divert your attention to this set of five garages in Newport. The garages, which are situated in a well-established residential location, are being sold with vacant possession, but could be ideal for an investor. The garages previously had electricity, but the power is now disconnected. The plot could also have potential for redevelopment, subject to obtaining the necessary planning consent. The lot has a guide price of £45,000.
[from the South Wales Argus]