Summary - WORKSHOP, CLIFTON PLACE, NEW ROAD SY16 1BG
4 bed 4 bath Block of Apartments
Four one-bedroom units with refurbishment upside in Newtown town centre..
4 x one-bedroom flats in a single mid-terrace Victorian block
Freehold with potential to split title after renovation
Estimated gross rent £500–£550 pcm per unit (unverified)
Double glazing installed; mains gas boiler and radiators present
Solid brick walls assumed uninsulated — insulation likely required
Property requires refurbishment; appliances and services untested
High local crime and very deprived area may affect yields
Sold at auction; buyer fees and immediate deposit on winning bid
A four-flat, mid-terrace Victorian block in Newtown town centre offering clear investor potential. Set over four floors, each one-bedroom flat benefits from double glazing, mains gas heating and an estimated rental income of £500–£550pcm per unit. The property is freehold and, once renovated, the title could potentially be split for individual sale or continued lettings.
The building requires refurbishment and updating; services and appliances have not been tested and the solid brick walls are assumed uninsulated. Buyers should allow for works to modernise interiors, heating and insulation where necessary. The area shows high crime and very high deprivation, which will influence rental levels and management considerations.
This lot is sold at online auction with an administration fee and buyer’s premium payable on exchange. Successful bidders must pay deposit and fees immediately and should review the legal pack carefully. For hands-on builders or portfolio investors, the block offers scope to add value in a central, well-connected location with excellent mobile and fast broadband.
Viewings are by appointment only. Interested parties should complete their own due diligence, including checks on condition, title split feasibility and local market demand.
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