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Lot 14

Freehold Residential Investment
6 Week Completion

Situation

Located close to the junction with Conquest Close in this residential area located less than a mile from the town centre. Hitchin Rail Station is located approx. 1 mile from the property with regular services to London King's Cross Station.
Hitchin is an old market town located approx. 42 miles north of central London with excellent road communications via the A1(M) (Junction 8).

Property

A mid-terraced building comprising a 2 Bed House planned on ground and first floors benefitting from uPVC double glazing and a rear garden.

VAT is NOT applicable to this Lot

FREEHOLD

Accommodation

Ground Floor
2 Rooms
Kitchen
Bathroom/WC
Laundry Room
First Floor
Bedroom 1
Bedroom 2

GIA Approx. 805 sq ft

Tenancy

The entire property is let on a Regulated Tenancy to an Individual at a current rent of £5,527.14 per annum exclusive (£106 per week).

Note: A 3 Bed House at No. 30 Stevenage Road sold for £425,000 in Feb. 2021 and a 2 Bed House at No. 64 Stevenage Road sold for £300,000 in Feb. 2019.

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*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

66 Stevenage Road, Hitchin, Hertfordshire SG4 9DR