This property is no longer on the market
4 bedroom apartment
Key information
Property description & features
- Tenure: Freehold
- Amazing Investment Opportunity
- To be Sold at Auction - 29th February 2024
- Yearly rental income of £65,400 pa
- Beautifully Refurbished
- Close to Local Amenities
- Ready Made Investment 6% yield
- Register to Bid on our Website
- Located within walking distance of Hitchin Station
Newton House - Amazing Investment Opportunity!
Featuring a chain-free property with four separate apartments that have been fully refurbished to a high standard. These apartments offer spacious rooms, high ceilings, and beautiful bay windows, creating an attractive living space.
The building consists of a total of four one-bedroom apartments, each uniquely designed with spacious layouts. Three of these apartments offer an additional room that can be used in a variety of ways. Whether it be as a study for working from home, a nursery for a growing family, or a lovely dressing room. These versatile spaces provide extra flexibility and convenience.
Presently, this property is achieving a rental income of £65,400 per annum, making it an attractive proposition for investors seeking to grow their portfolio. Additionally, since planning permission has already been approved for a rear extension, there is the opportunity for additional growth. This can lead to a higher rental income or an increased property value, enhancing the investment potential even further. This opportunity is well-suited for investors looking to maximise their returns and capitalise on growth.
Located within walking distance of Hitchin Station, this property offers convenience for both commuters and residents. The location also provides easy access to the town centre, making it a desirable place to live. Additionally, permit parking is available on adjacent streets.
The apartments have been beautifully refurbished and offer simple access to transportation links such as Hitchin Train Station. The spacious living areas, modern kitchens, and stylish bathrooms make these apartments comfortable and stylish living spaces. With original features maintained and a video entry system for added security, this property blends character with modern amenities for a truly unique living experience. The station is only 400m away and the town centre is less than 800m away, making this a perfect investment.
The area is a residential neighbourhood with a mix of traditional Victorian and Georgian style houses, as well as modern developments. The street itself is lined with trees and has a quaint, suburban feel.
Hitchin is a market town in Hertfordshire known for its historic buildings, cosy cafes, and boutiques. It has a vibrant town centre with a variety of shops, restaurants, and pubs. The town is also surrounded by beautiful countryside, perfect for walking and exploring.
Available now, this property is a must-see for anyone looking for a blend of convenience, style, and investment potential. Don't miss out on the opportunity to view this stunning property.
Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1500 and contracts are exchanged.
The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).
To register to bid on the property, find the property on the Benjamin Stevens Auctions website. Click onto the property, follow the link to “Log in/register to bid” You will then be directed to create an auction passport account through our partners, the Essential Information Group.
Places of interest
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*DISCLAIMER
Property reference BNJ_BNJ_LFSYCL_688_1027303821. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Benjamin Stevens Estate Agents - Edgware.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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