Summary - 3 POWELLS PLACE NEWPORT NP20 1EL
5 bed 1 bath House of Multiple Occupation
Fully tenanted, newly renovated HMO offering immediate income in central Newport..
Fully let five-bedroom HMO producing immediate rental income
Recently renovated throughout with modern kitchen and fittings
Conforms to current HMO licensing and safety requirements
Gas central heating and double-glazed windows throughout
Sold at unconditional auction; buyer’s premium will apply
Located in a very high crime, very deprived area — higher landlord risk
On-street permit parking only; small rear yard, limited outdoor space
Freehold tenure; compact plot and average overall property size
A ready-made income property in Newport’s city centre, this five-bedroom HMO at Powells Place is offered freehold and fully tenanted. Recently renovated throughout, the house is presented with modern fixtures, gas central heating and double glazing — suitable for immediate rental income with minimal initial work.
All five rooms are let, producing an established pooled income and reducing void risk for a buyer seeking turnkey returns. The layout across ground and first floors includes two ground-floor bedrooms and three first-floor bedrooms, kitchen/dining, shower rooms and a low-maintenance rear yard. The property is HMO licensed and meets current safety requirements.
Buyers should note material negatives: the area records very high crime rates and is classed as very deprived, which may affect long-term capital growth and management overheads. The property is sold unconditionally at auction with a buyer’s premium payable, and parking is on-street with permits only. Plot size is small and communal outside space is limited.
This is best suited to an investor or portfolio landlord wanting an immediately income-producing HMO in a well-connected city location. The combination of recent refurbishment and full occupancy suits those prioritising cashflow, while the local socio-economic profile and auction sale terms require considered risk appetite.
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