Former care home in affluent part of the city put on the market for almost £1m

A former care home in one of the most affluent parts of the city of Newport goes up for sale this month at almost £1m.

The sprawling property, at 59 Fields Park Road,  is being offered for sale by Newport-based Paul Fosh Auctions. It is listed with a guide price of £900,000-plus.

Planning permission has been granted for the building to be converted into nine, self-contained apartments.

Debra Bisley, of  Paul Fosh Auctions, said: “The former care home is situated in an affluent area of Newport. It is in a prime strategic location, close to the border of England and Wales.

“The property is located on Fields Park Road in a desirable part of the city. Access to the M4 motorway, at junction 27, is approximately one mile to the west. Newport train station is within a 15 minute walk.

“The surrounding area provides largely residential occupiers. There is also a selection of local amenities including shops, bars and cafes, all within walking distance.

“The property provides a large, three storey, detached building previously used as a nursing home which could accommodate thirty residents. The building currently provides kitchen, lounge, dining room, office, bathrooms and bedroom accommodation.

“The building is situated on a spacious parcel of land which may provide scope for further development (subject the relevant consent). There is parking at the property for nine vehicles.

“Planning permission has been granted for nine, self-contained luxury apartments. Further details regarding the planning consent can be found via Newport City Council – planning reference 21/1101

“Luxury apartments in this area are well sought after, with the anticipated GDV for this property being £2.15m. Additionally, the SA01 agreement has been agreed at £0 contributions with no requirement for social housing.

The next Paul Fosh Auctions sale, when this property will be offered along with some seventy others, starts at 12 noon on Tuesday, June 21 and ends from 5pm on Thursday, June 23