Flat 4 Fareham House, Hertfordshire, HP1 1DZ
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Approximately 900 sq ft of accommodation
- Arranged over two floors
- Two well-proportioned double bedrooms
- Existing tenant to remain in situ
- Current rent of £1,300 per calendar month / £15,600 per annum
- Offered via conditional auction.
- EPC Rating:D
Description
BIDX1 and Aubrey & Finn are delighted to offer to the market this spacious two-bedroom apartment, arranged over two floors and providing approximately 900 sq ft of accommodation. Offered for sale with no upper chain and with the existing tenant remaining in situ, the property represents an attractive opportunity for investors seeking an established rental investment.
The current contractual tenant is paying £1,300 per calendar month, equating to an annual rental income of £15,600. The property therefore provides a strong rental return and is particularly well suited to buy-to-let investors looking for an investment with an existing tenancy already in place.
Ideally positioned close to the local centre, the property benefits from convenient access to a wide range of shops, amenities and everyday facilities. Hemel Hempstead railway station is approximately one and a half miles away, providing direct rail services into London in around 35 minutes. For those travelling by car, the A41 and M1 are also within easy reach, providing excellent connections to the surrounding areas and wider motorway network.
The accommodation is generously proportioned and arranged across two floors, comprising a spacious lounge, kitchen/dining room and two well-proportioned double bedrooms.
Further benefits include gas central heating, approximately 900 sq ft of accommodation, ample communal parking and no upper chain. With an established tenant already in occupation and an annual rental income of £15,600, the property offers a compelling opportunity for investors.
Additional Information
Once the auction has ended, the property is reserved exclusively for the successful bidder for an agreed period provided a non-refundable Reservation Fee is paid. The Reservation Fee applicable is 4% plus VAT of the purchase price subject to a minimum charge of £6,000 plus VAT. This fee is payable in addition to the purchase price. Prospective purchasers should seek independent professional advice regarding any liability for Stamp Duty Land Tax (SDLT), together with any other costs and expenses associated with the acquisition of the property.
Reservation Fee
This property is sold subject to payment of a non-refundable Reservation Fee of 4% plus VAT or a minimum of £6,000 plus VAT. The Reservation Fee is in addition to the purchase price.
Location:
Fareham House, Marlowes, Hemel Hempstead, Hertfordshire
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
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Visit our security centre to find out moreDisclaimer - Property reference 108951. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by BidX1, Covering UK. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call BidX1, Covering UK on 020 3910 6202.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.