Details

An incredible investment opportunity awaits in the heart of Hitchin

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.

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Tenure

Freehold

• Auction Date

  29/02/2024

• Auction Time

  11:15AM

• Auction Venue

  Live Stream - Online