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School Lane, Newport NP20 5 bed detached house for sale
School Lane, Newport NP20
£100,000
School Lane, Newport NP20
£100,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 10th February 2026 at 04:24 PM with registration through our website
- Planning awarded for conversion to a 5 bed HMO
- The property also benefits from full planning approval to convert to a five bedroom HMO property with off-street parking
- Please consult Newport City Council's planning portal for further details, reference 23/0342
- The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price
- Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction
Description
A two-storey office investment property in the center of Newport is up for public auction on February 10, 2026, with a starting price of £12,000 per annum, representing an initial gross yield of 12%. The property, a former school house, is currently let and features two offices on the ground floor and three offices and a shower room on the first floor. The property also benefits from full planning approval to convert to a five-bedroom HMO property with off-street parking. The internal accommodation is in good order, and the property has a large enclosed rear yard. The property is being sold as an informed freehold, and the buyer will need to pay a buyer's premium of 1.2% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts.