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£105,000 Guide Price
Bedrooms
Bathrooms
Welcome to 36 Risca Road, Cross Keys, Newport, a charming place rich in history and culture. This neighbourhood strikes a healthy balance between urban convenience and a sense of tranquillity. Anglers, history enthusiasts, and those eagerly seeking a wholesome lifestyle will find this locality amicable due to its proximity to the River Usk, combined with its industrial heritage and modern development. This friendly atmosphere coupled with the propertys inviting appeal makes it an excellent choice.
Step inside this welcoming 3-bedroom, 1-bathroom home and enjoy its warmth and comfort. The property is in fair condition and has been well-maintained, only requiring minor redecorating to reflect its new owners style. Large, double-glazed windows ensure ample natural light in all rooms, while the Gas Central heating system guarantees warmth even on the chilliest days. A spacious back garden awaits personal touches, ready to be transformed into a dreamy outdoor retreat. Parking is available on the street, offering convenience right at the doorstep.
Located at the heart of this lively community, this property is within walking distance to essential shops and parks, including the beautiful Sirhowy Valley Country Park - perfect for weekend family picnics. For those needing to commute, the Cross Keys Train Station is close by. While good schools like Crumlin High Level Primary and Risca Community Comprehensive lay within minutes, Waunfawr Primary School is a 2-minute walk from the property, and Newbridge Comprehensive, one of the top schools in the Caerphilly borough, along with a new Welsh primary in Cwmcarn in the next village, has now opened. Additionally, Crosskeys has a college, and the house is on a bus route for Cardiff and Newport, making it an ideal home for families.
When it comes to transportation, the property excels. The nearest motorway is just a short drive away. The Cross Keys Train Station is conveniently located at a walking distance, and international travel is facilitated by a quick car ride to Cardiff Airport.
Key Features:
' 3 spacious bedrooms
' No Chain
' Searches available upfront
' Well-maintained property in fair condition
' Easy access to trains and motorways
' Close proximity to good schools
' Walking distance to shops and parks
Auction Details
The lot is to be sold by traditional online auction. The end date is 17th September at 3pm..
An auction buyers fee of 3.6% (inc of VAT) subject to a minimum fee of 6,000 (inc of VAT) is payable in addition to the purchase price.
The auction will be exclusively available online via the Rocket Auctions website including the legal pack information.
The registration process is as follows:
Stage 1) Register your email address, create a password and confirm your account.
Stage 2) View the legal pack and arrange any viewings
Stage 3) If you would like to bid, use the dashboard button and complete your ID check and enter your payment and solicitors details
Stage 4) You are ready to bid - Good Luck!
No deposit monies are required before you bid.Guide price(s) are an indication of the sellers expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within the guide range.
A legal pack and special conditions are available to download to anyone who has registered. It is the purchasers responsibility to make all necessary legal and financial enquiries prior to placing any bids.
The complete legal pack would need to be inspected before an offer would be considered.
Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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