2-bedroom flat · TF10 7LH
Sold STCListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2 BED FIRST FLOOR FLAT INCLUDING FREEHOLD FOR SALE BY AUCTION 17TH - 18TH AUGUST FOR SALE VIA ONLINE AUCTION ON MONDAY 17th August AT 1PM UNTIL TUESDAY 18th August 1PM.
NO NEED TO BOOK PLEASE ATTEND: OPEN HOUSE EVENT 13th August 1.00PM to 1.30PM Auction House welcomes this TWO bedroom Apartment to Auction which holds a great investment opportunity.
Currently being vacant, this property is ideal for first time investor or someone wanting to add to their already successful portfolio.
The First Floor Apartment has Hallway, lounge, Kitchen, Bathroom, Two double Bedrooms. This property is located in Newport Town, perfect opportunity for Student lets or Family Lets.
The sale will include the Freehold to the block 57-63 PLEASE NOTE No appliances have been tested by Auction House. Any measurements are approximate.
We recommend any would be bidders conduct their own due diligence in good time prior to the auction taking place.
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid.
If you are the successful bidder, you are required to pay the deposit and auction fees immediately.
As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract.
You must not bid unless you wish to be bound by the common conditions of auction.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
The seller is a registered social landlord and is therefore prohibited from selling a property to anyone who is an employee or director of the seller, or was in the last 12 months an employee or director, or is a close relative of such a person or a agent on their behalf.
Tenure: Freehold EPC Rating: C Administration Fee: £1800 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 59 Victoria Park, Newport, Shropshire TF10 7LH
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