Hammonds are excited to offer a unique investment opportunity in the heart of Hatfield. Set for completion in October 2024, this modern residential development comprises four floors with a total of 12 one-bedroom apartments. The first three floors each house three spacious apartments, while the top floor offers three premium units, providing a comfortable and private living experience.
Prime Location and Connectivity: Located in vibrant Hatfield, this development is close to the town centre and well-connected to nearby St Albans, Potters Bar, and Welham Green. A 30-minute train ride to central London makes it ideal for commuters. Proximity to the University of Hertfordshire and the Royal Veterinary College ensures strong demand from students and professionals alike.
Modern Living Spaces: Each apartment is designed with modern living in mind, featuring bright, open-plan layouts and high-quality finishes. The development will be delivered as a turnkey investment, fully finished and ready for immediate occupancy or rental, offering a seamless start to generating rental income.
Investment Potential: With an estimated rental income of £1,400 per month per apartment, this development offers a strong annual yield of approximately 6.55%, totaling £201,600 per annum. Additionally, the property is expected to appreciate by 18.1% over the next five years, potentially increasing its value by £545,300.
Freehold Ownership and Additional Features: The sale includes the freehold of the entire building, granting full control over the property, including setting service charges and managing maintenance. Five dedicated electric vehicle parking spots add future-proof appeal, catering to the growing demand for sustainable living options.
Summary: Listed at offers in excess of £3,180,000, this turnkey development in Hatfield represents an exceptional investment opportunity with strong rental yield.
