2 bed flat for sale

Flat 6, Fareham House, Marlowes, Hemel Hempstead, Hertfordshire HP1

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.

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.

Note to Purchasers

In order to meet our legal obligations, any purchaser whose offer is accepted will be required to complete a digital identification check. This is carried out by a specialist third-party provider and is subject to a non-refundable charge of £50 (including VAT) per person, per purchase.

Buyers will also be required to provide satisfactory proof of funds and evidence of the source of those funds. Full details of the acceptable documentation will be provided upon receipt of an accepted offer.

We may recommend additional services, including mortgage advisers and solicitors, for which we may receive a referral fee, typically between £0 and £200.

Disclaimer

Whilst every effort has been made to ensure these sales particulars are accurate and reliable, prospective purchasers are advised to contact our office should any point be of particular importance. We will be pleased to verify the information, especially if you are travelling some distance to view the property.

The mention of any appliances and/or services within these particulars does not imply that they are in full working order, and their condition has not been tested.

Please note that some photographs or marketing materials may have been digitally enhanced, including through the use of artificial intelligence (ai), to improve presentation, lighting, clarity or to remove minor visual distractions. Such enhancements are intended for marketing purposes only and should not be relied upon as an exact representation of the property, its contents, condition or appearance. Prospective purchasers should satisfy themselves as to the property’s actual condition and features during their viewing.