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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 28th October 2025 at 04:18 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
This two-storey office investment property in the center of Newport is available for sale by public auction on October 28, 2025. The property is currently let for £12,000 per annum, generating an initial gross yield of 12%. Planning permission has been awarded to convert the property into a five-bedroom HMO, offering a significant potential for growth and increased rental income. The property features two offices on the ground floor and three offices, a shower room, and a large enclosed rear yard on the first floor. The property is of brick and stone construction with a pitched tile roof and is in good order. The auction will take place online, and interested buyers can register through the auctioneer's website.