Excellent investment opportunity to purchase this studio flat in the sought-after location of Maesglas. The studio flat features a spacious bedroom/ living room, a kitchen, bathroom, along with off-road parking. The studio flat is being sold with tenants in situ achieving rent of £580pcm each.Located a stone's throw away from Tredegar Park, the property has excellent road links to the M4 at Junction 28 and to Newport City Centre via either Cardiff Road or the A48. The property is popular with tenants working in the nearby business parks around Duffryn.The building has eight flats in total. Each flat comprises of an open plan bedroom/ living room, a kitchen, and a bathroom. There is a small car park next to the flat for use by the residents. EPC Rating: C
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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