Welcome to our newly developed residential building in the heart of Welham Green, set for completion in October 2024. This contemporary development boasts four meticulously designed floors, offering a total of 10 one-bedroom apartments. Each of the first three floors features three spacious and modern apartments, while the top floor offers an exclusive one premium one-bedroom apartments, ensuring a comfortable and private living experience.
Key Features:
- Prime Location: Perfectly situated near Hatfield city centre, St Albans city centre, and Potters Bar, providing easy access to a range of amenities, shopping, and dining options.
- Excellent Connectivity: Only a 30-minute train ride to central London, making it an ideal choice for professionals commuting to the city.
- Educational Hub: An excellent choice for students, with the University of Hertfordshire and the Royal Veterinary College located nearby.
- Modern Living Spaces: Each apartment is designed with a focus on modern living, offering bright, open-plan layouts and high-quality finishes. Investment Potential:
Rental Yield: With an estimated rental income of £1400 per calendar month per apartment, investors can expect a competitive annual yield of approximately 6.5%, making this development an attractive investment opportunity.
In addition to the outstanding features and investment potential, this property development offers a unique opportunity for buyers to acquire the freehold of the entire building. As the freeholder, you will have the exclusive rights to enhance your revenue stream by charging tenants or buyers extra for parking spaces, providing a lucrative addition to the rental income. Furthermore, you will have the authority to set your own service charges, ensuring you can manage and maintain the property according to your standards while optimizing profitability. This added flexibility makes the investment even more attractive, offering control and potential for increased returns.
