£499,950 /Sale price

An exceptional, rare opportunity to acquire a substantial residence set in what we estimate to be around 1 acre. The property is situated within the desirable Redrow Carnegie Court development on the western side of Newport in Bassaleg, within excellent school catchment and close to the M4 motorway & Newport city centre. The property requires full renovation but offers huge potential for either refurbishment as one large family dwelling or multiple properties (subject to necessary planning consents). Previous enquiries into developing multiple properties have faltered due to a blanket TPO on the site, however we now understand that this has been eased on some critical trees. (To be confirmed by purchaser's solicitor). The historic property is understood to be the former Park Lodge and Kennels of Tredegar Park and was occupied until a few years ago before becoming vacant during the redevelopment of the surrounding land. The accommodation comprises entrance porch, shower room, study, kitchen breakfast-room, utility room, dining room with inglenookfireplace, very large living room, four first floor bedrooms,family bathroom, en-suite and attic room. The building itself is currently inaccessible. We estimate a renovated and remodelled single dwelling could be worth in excess of £1,000,000 while individual new build properties could be worth in excess of £700,000.