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Detached house for sale
Queens School House, School Lane, Newport, NP20 1LE
£100,000
Queens School House, School Lane, Newport, NP20 1LE
£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 currently let for £12,000 per annum, generating an initial gross yield of 12%. The property, formerly a school house, offers two offices on the ground floor and three offices and a shower room on the first floor, as well as a large enclosed rear yard. The property also has full planning approval to convert to a five-bedroom HMO property with off-street parking. The building is of brick and stone construction under a pitched tile roof and appears to be in good order. The property is being sold by public auction online on October 28, 2025, with a buyer's premium of 1.2% payable on exchange of contracts. The guide price is subject to change up to and including the day of the auction, and the reserve price will be within + or - 10% of the guide price.