2 bed Apartment Sold
Avoid The Voids With This Cashflowing Tenanted Apartment. You’re buying a solid investment with a settled professional tenant. It’s less than an hour from Kings Cross so will always be popular - you should never struggle for quality tenants.
If you’re the sort of investor who likes to avoid drama and quietly grow their portfolio with solid performers, this first floor Hitchin apartment could be just the thing for you.
This modern apartment has been well maintained since being built in 2007 and has a happy, settled professional tenant who’s keen to stay long term.
She’s looking after the place and when it’s time for her to move on you should only need to give it a lick of paint to freshen it up. There’s no costly or messy major renovations on the horizon.
That does mean there’s little chance of renovating and remortgaging to release your initial funds - but this really isn’t that sort of an investment.
Based on paying the asking price, it will deliver a solid 5.25% gross yield.
And as Hitchin is a popular market town that’s ideal for switched on commuters, you should see the value of your investment steadily rise too.
It’s less than 10 minutes walk from Hitchin station, which means if you time it right you could be stepping off the Kings Cross platform in less than 45 minutes.
It’s around 20 minutes walk (or a 6 minute drive) to the bustling town centre, with a handy Tesco Express and McDonalds nearby.
The apartment is on the first floor, with lovely views from the balcony which overlooks the well maintained communal gardens and grounds.
The lounge and modern fitted kitchen are open plan, creating a sociable space that opens up to the balcony where you can sit out and enjoy the sun.
There’s a double bedroom and a single bedroom, along with a bathroom which has a shower over the bath.
This is a solid rental performer with a happy professional tenant in place. She’s lived here for over 2 years and seems keen to stay long term.
If this sounds like the sort of property you’d like to add to your portfolio, then call 01438 587200 to arrange a viewing.
First Time Buyer with a 10% deposit?
Own this modern apartment for £1,283 *per month subject to seeking advice from a qualified mortgage adviser.
*Based on Rightmove Mortgage Calculator
The Town
A historic market town in North Hertfordshire, Hitchin is a mere 30 miles north of London, with the A1(M) motorway conveniently linking it to London and the North. Hitchin's Market Square, cobbled streets and St. Mary's Church lend a historic charm to this vibrant town, known for its independent shops, pubs, café culture and restaurants.
Families are attracted to Hitchin due to its excellent schools, including the exclusive Hitchin Girl's and Hitchin Boy's schools. Surrounded by beautiful countryside, parks, nature reserves, and walking trails, Hitchin offers a blend of town and country living. Not to be forgotten is the famous Hitchin Lavender, North Hertfordshire's most Instagrammed spot, attracting visitors from around the globe!
Call me today if this sounds like the type of place you'd like to live or add to your portfolio to arrange a viewing.
Leasehold Information
Number of years remaining on the lease: 184 years
Current service charge and any review period:
- £1,085 per year
- 2 years
Council tax band: B
Open Plan Living with Kitchen and Dining Area
This spacious room is filled with natural light and provides an open living, dining and kitchen space. The balcony is your own private outdoor space to enjoy those lovely summer evenings.
Master Bedroom
A double bedroom with a very light and airy feel. double glazed windows facing the rear of the apartment.
Bedroom Two
A second bedroom with built in storage, currently used as a home study/reading room. Double glazed windows to the front aspect of the apartment, overlooking the courtyard gardens.
Bathroom
Comprising of a white three piece bathroom suite and shower over bath with a shower screen.
Balcony
A perfect little outdoor haven!
