Property for sale in Dixons Hill Road, Welham Green, North Mymms AL9
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Property description
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.
Property info
For more information about this property, please contact
Hammonds, E3 on +44 20 3478 3596 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hammonds, and do not constitute property particulars. Please contact Hammonds for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.