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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 04:21 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 currently let for £12,000 per annum, generating an initial gross yield of 12%. The property, formerly a school house, has been awarded planning permission to convert into a five-bedroom HMO with off-street parking. The building is in good order, with two offices on the ground floor, a kitchen, and WC facilities, and three offices and a shower room on the first floor. The property also features a large enclosed rear yard. The sale is being conducted by public auction online on October 28th, 2025, with a buyer's premium of 1.2% payable on exchange of contracts. The property is being sold as an informed freehold, and further information, including viewing arrangements and additional fees, can be obtained through the auctioneers, Seel and Co.