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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 04:21 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 is located in the center of Newport and is currently let for £12,000 per annum, representing an initial gross yield of 12%. The property has been granted planning permission to convert it into a five-bedroom HMO property with off-street parking. The building, a former school house, is constructed of brick and stone under a pitched tile roof and has good internal accommodation, including two offices, a kitchen, and WC facilities on the ground floor, and three offices and a shower room on the first floor. The property also features a large enclosed rear yard. The property is being sold as an informed freehold, and additional fees include a buyer's premium and disbursements payable on completion. The guide price is £100,000, and the reserve price is within 10% of this amount. Viewings are available by appointment with the auctioneers.