5 bed Flat For Sale £550,000
Kneesworth Street, Royston,

Abode are happy to offer at Auction this block of recently renovated apartments. Located on Kneesworth street in the historic market town of Royston, this rarely available opportunity to purchase the freehold of a block of three apartments. There are two, two bedroom apartments on the first and second floors. The ground floor comprises of a one bedroom apartment. There is also a large cellar in the property which may be convertible to an additional residence subject to planning.
The renovations included new heating systems throughout, designer kitchens and bathrooms, as well as full redecoration and flooring throughout. The building has a luxury feel and the apartments have been specified to a very high standard with a stylish kitchen consisting of contrasting units and worktops, and striking bathrooms with beautiful herringbone tiled feature wall.
The property is offered complete with shorthold tenancies in place, with revenue of 39,000 per annum over three apartments, achieving 1150 pcm for each of the two two bedroom apartments and 950 pcm for the one bedroom apartment. With a guide price of 550,000 this property can represent a yield of above 7%. Viewings will take place by appointment only once the auction pack and date have been provided.

About Royston

Royston is a charming market town situated in the heart of Hertfordshire, a county known for its natural beauty, rich history, and vibrant cultural scene. With a population of around 16,000, Royston is a small but bustling community that offers the perfect blend of countryside tranquility and urban convenience.
One of the most striking features of Royston is its beautiful architecture. The town's historic buildings are a testament to its rich heritage, dating back to the Roman era. The most iconic landmark is the Royston Cave, a mysterious subterranean chamber carved into the chalky ground beneath the town that is believed to have been used for religious or ceremonial purposes. Other notable buildings include the medieval parish church of St John the Baptist, the Victorian town hall, and the Art Deco-style cinema.
In addition to its cultural and architectural treasures, Royston boasts an abundance of natural beauty. The town is surrounded by rolling hills, lush forests, and picturesque meadows, providing ample opportunities for outdoor recreation. The nearby Therfield Heath, a protected area of grassland and woodland, is a popular spot for hiking, cycling, and birdwatching. And for those who prefer a more leisurely pace, the town's many parks and gardens offer a peaceful retreat from the hustle and bustle of everyday life.
Royston is also an ideal location for families, with a variety of excellent schools and child-friendly amenities. The town has several well-regarded primary schools, including Roysia Middle School and the Greneway Middle School, as well as the Meridian School for secondary education. There are also plenty of parks and playgrounds, a leisure centre with a swimming pool and sports facilities, and a range of clubs and activities for children of all ages.
For commuters, Royston offers excellent transport links to London and other major cities. The town is situated on the A10, providing easy access to the M25 and the wider motorway network. Royston railway station is served by direct trains to London King's Cross and Cambridge, making it an ideal location for those who need to commute to work or travel further afield.
In terms of local amenities, Royston has everything you could need for day-to-day living. The town centre is home to a wide range of shops, cafes, restaurants, and pubs, as well as supermarkets and convenience stores for your weekly grocery shopping. There is also a monthly farmers' market, which offers a fantastic selection of fresh local produce and artisanal goods.
All in all, Royston is a wonderful place to call home. Its rich history, stunning natural surroundings, excellent schools, and convenient location make it a popular choice for families, commuters, and anyone who appreciates the best that town and country living has to offer. Whether you're looking to buy your first home, raise a family, or retire in peace and quiet, Royston is the perfect place to do it.

Auctioneer Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the
Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers
solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price
including VAT, subject to a minimum of 6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as
part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification
verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything
you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation
Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of 300 including VAT towards the
preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they
will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral
arrangement and payment prior to any services being taken by you.

5 Kneesworth Street:
Totalling 506 square feet, the ground floor apartment has gas combi central heating and water supply. The property has been fully renovated with new designer bathroom comprising of bath with shower above, basin with vanity unit, and WC. The bathroom is finished with backlit touch button mirror and heated stainless steel towel rail. There is a single double bedroom with window to rear aspect. The open plan kitchen and living area is finished to a high standard, with a secondary glazing wall to the front aspect, creating a very quiet space. The Kitchen comes complete with fitted fridge/freezer, fitted washing machine, dishwasher, electric oven and induction hobs.

5A Kneesworth Street:
Totalling 670 square feet, the first floor apartment has electric heating and water supply. The property has been fully renovated with new designer bathroom comprising of bath with shower above, basin with vanity unit, and WC. The bathroom is finished with backlit touch button mirror and heated stainless steel towel rail. There is a double bedroom with window to rear aspect and a single bedroom also with window to rear aspect. The open plan kitchen and living area is finished to a high standard, with a secondary glazing wall to the front aspect, creating a very quiet space. The Kitchen comes complete with fitted fridge/freezer, fitted washing machine, dishwasher, electric oven and induction hobs. The lighting system is fitted with touch switches controllable via an application.

5B Kneesworth Street:
Totalling 670 square feet, the first floor apartment has electric heating and water supply. The property has been fully renovated with new designer bathroom comprising of bath with shower above, basin with vanity unit, and WC. The bathroom is finished with backlit touch button mirror and heated stainless steel towel rail. There is a double bedroom with window to rear aspect and a single bedroom also with window to rear aspect. The open plan kitchen and living area is finished to a high standard, with a secondary glazing wall to the front aspect, creating a very quiet space. The Kitchen comes complete with fitted fridge/freezer, fitted washing machine, dishwasher, electric oven and induction hobs. The lighting system is fitted with touch switches controllable via an application.

Freeholder Areas and Basement:
There is a bike store for the apartments uses on the ground floor with an external door, a rear courtyard used for the bin store. The common areas are all newly decorated with LED lighting throughout. There is a basement that extends the length of the property, this is currently un-tanked and only contains services.