3 bed end terrace house for sale

Hunnyhill, Newport, Isle Of Wight PO30

Offered to the market with no onward chain is this fantastic investment opportunity that returns over an 11% yield whilst also boasting the potential to convert back to a 3 bedroom house. In terms of buyers, it would also suit relatives or friends that want to buy together and occupy their own residence.

The property is conveniently placed for Newport town & walking distance of many of the Islands largest employers meaning finding quality tenants is a breeze.

As you enter at the front of the ground floor you have a split level apartment with lounge on the right as you enter. After heading upstairs you have a double bedroom, spacious kitchen & family bathroom whilst there is a further bedroom on the top floor with views over Newport.

To the side you enter the second apartment split over 2 levels - with a living area made up of kitchen/diner/living room at street level whilst below ground floor is the double bedroom, bathroom & a utility space with a door on to the generous rear garden.

At the bottom of the garden is a garage that has no vehicular access but would make excellent storage, offices or a gym.

A superb, flexible property ideal for investors!

This property is offered through Modern Method of Auction and is subject to an undisclosed 'Reserve Price.' Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £445.00 inc. VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.