GUIDE PRICE £45,000 - £50,000

ERV: £7200 PA

Flat 2 Callvendale House

Drill Hall Road, Newport, Isle of Wight, PO30 5AB

Lot 1

Apartment - Flats / Apartments
Sold for £91,000

By Order of a Major Housing Association

A 1 bedroom first floor flat (430 sq ft, source EPC) forming part of a small, purpose built block, allocated parking bay, vacant.


Update: A parking space is included in the sale.


Ideal location close to the town centre facilities and amenities, the property benefits from gas heating via radiators and double glazing. We estimate the current rental value is £600 pcm.


Leasehold: 999 years from 25/03/1987. Ground Rent £25 pa

Local Authority

Isle of Wight Council


Network Auctions - 020 7871 0420


First Floor: Entrance hall, sitting room, kitchen, bathroom. Outside: A parking bay is allocated to the flat at the rear of the building.


ERV: £7200 PA

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.