8 bedroom detached house for sale

Newland Street, Coleford

Guide Price £445,000

Property Description

Key features

  • Grade II Listed Town House
  • Currently producing 40,000 pa with room for growth
  • Ideal for investors and developers
  • In need of modernisation and improvement
  • Arranged as 8 x 1 bed flats

Full description

A high yielding investment property arranged as 8 x 1 bedroom flats with further development potential. Currently let at circa £40,000 per annum.


Situation 
Coleford is a small market town in the west of the Forest of Dean, close to the Wye Valley. Situated close to the Town Clock the property enjoys ease access to the local shopping and leisure facilities that such a central positions affords.

Accommodation 
The property comprises 8 self-contained 1 bedroom flats with potential to turn some of them in to 2 beds. With several of the tenants having been in the property for a number of years this is a well established investment although it would benefit from modernisation. There is a large mostly unused cellar and large rear garden which both offer some development potential subject to the necessary consents.

Possession 
The property is sold subject to the existing periodic assured shorthold tenancies. We understand most of the rents are paid weekly with some of the tenants in receipt of housing allowance. The Forest of Dean Local Housing Allowance for 1 beds is £92.05 per week and for 2 beds is £122.36 per week.

Partner Agent 
Auction House, Bristol & West, 94E Whiteladies Road, Clifton, Bristol, BS8 2QX. 0117 407 2273 www.auctionhouse.co.uk, bristol@auctionhouse.co.uk

VIEWING 
BY APPOINTMENT.

FOR SALE BY AUCTION 
On Thursday 19th July 2018 at 7.00pm at Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.

LEGAL PACK 
A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.

AUCTION FEES 
The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Bristol & West on 0117 946 4949.

LOCAL AUTHORITY 
Forest of Dean District Council.

AGENTS NOTE 
THE PROPERTY IS BEING SOLD AS SEEN.

Listing History

Added on Rightmove:
04 May 2018

Nearest station

  • Lydney (6.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

KJT Residential, LYDNEY

43 Newerne Street, Lydney, GL15 5RA

01594 784018 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Lydney (6.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

KJT Residential, LYDNEY

43 Newerne Street, Lydney, GL15 5RA

01594 784018 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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