Flat 6 Fareham House, Hemel Hempstead, HP1 1DZ
- United Kingdom
- Flat
- Residential
Guide Price* £130,000
Property Viewings
Property Summary
- Approximately 900 sq ft of accommodation
- Offered via conditional auction.
- Arranged over two floors
- Existing tenant to remain in situ
- Current rent of £1,250 per calendar month / £15,000 per annum
- Offered to the market with no upper chain
- EPC Rating: C
Contact Us
Contact Us
Downloads
Your BidX1 Account
Log in to your BidX1 Account to view the legal documents.
Create New Account
Register for a BidX1 Account to view the legal documents.
Property 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 buy-to-let investors.
The current contractual tenant is paying £1,250 per calendar month, equating to an annual rental income of £15,000. For example; based on the auction achieving £130,000, this represents an attractive gross rental yield of approximately 11.54%.
Ideally positioned close to the local centre, the property benefits from convenient access to a wide selection 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 a strong rental return, the property is particularly well suited to 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
Tenure
Leasehold
Accommodation
We 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 buy-to-let investors.
VAT
Additional Information
Auctioneer's Information
BidX1 has been appointed to work alongside the Marketing Agent in relation to this online auction sale and is referred to within these particulars as "the Auctioneer".
This property is being marketed for sale by online auction and will be sold under Conditional (Modern) Auction Terms, as specified in the legal documentation for the property (available to download via the Auctioneer's website). Prospective purchasers should carefully review the contents of the Legal Pack and obtain independent legal advice before submitting a bid.
Interested parties may place bids directly via the Auctioneer's online auction platform. Prior to participation, all prospective bidders must register to bid on the Auctioneer's website (where they will be required to complete identity and verification checks in accordance with current Anti-Money Laundering (AML) legislation).
Where appropriate, the Marketing Agent and the Auctioneer may introduce prospective purchasers to third-party providers offering services such as mortgage finance, conveyancing, surveying or insurance. A referral fee may be received where those services are utilised. Any such introduction is entirely optional, and purchasers remain free to appoint advisers and service providers of their own choosing.
Important Information for Successful Bidders
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.
EPC Rating
Reservation Fee
Helpful links
*Terms & Conditions
Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.
- The reserve price is the minimum price at which the property can be sold at auction.
- Where a guide price (or range of prices) is given, that guide price or range of prices is the minimum at which the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to reservation. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
- Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
- The guide price for the Lot does not include a reservation fee charged by BidX1. This fee will be displayed on each Lot listing. In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
- For conditional sales the buyer pays a non-refundable reservation fee of up to 4% of the purchase price plus VAT, subject to a minimum amount to be specified on the marketing particulars. This is paid by the highest bidder to reserve the property during the reservation period and is paid in addition to the purchase price. Buyers should consider this fee when calculating total acquisition costs, including any Stamp Duty Land Tax liabilities.
- Please note that Lots may be sold or withdrawn prior to auction.
- No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
Congratulations!
You're the highest bidder
You will receive an email from our team shortly to outline the next steps.
As a reminder, you will need to pay the Reservation Fee via My Account.