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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 9th December 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 is located in the center of Newport and is currently let for £12,000 per annum, yielding 12% gross. The property has planning approval to convert into a 5-bedroom HMO, offering a significant potential increase in value. The building is a former school house with brick and stone construction and is in good order, featuring two offices, a kitchen, WC facilities, and a shower room on the first floor. The property also has an enclosed rear yard and off-street parking. The sale is being conducted by public auction online on December 9, 2025, with a buyer's premium of 1.2% payable on exchange of contracts.