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Residential development for sale
The Common, Hatfield
£3,180,000
The Common, Hatfield
£3,180,000
Our Summary
- Hammonds are excited to offer a unique investment opportunity in the heart of Hatfield
- Investment Potential:With an estimated rental income of £1,400 per month per apartment, this development offers a strong annual yield of approximately 6
Description
Hammonds presents a unique investment opportunity in the heart of Hatfield, with a modern residential development of 12 one-bedroom apartments set to complete in October 2024. The development is strategically located near the town centre, offering easy access to nearby St Albans, Potters Bar, and Welham Green, as well as a 30-minute train ride to central London. Each apartment features modern living spaces with bright, open-plan layouts and high-quality finishes, designed to provide a comfortable and private living experience. The development is being sold as a turnkey investment, fully finished and ready for immediate occupancy or rental, offering a seamless start to generating rental income. With an estimated rental income of £1,400 per month per apartment, the 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. The sale includes the freehold of the entire building, granting full control over the property, including setting service charges and managing maintenance, as well as five dedicated electric vehicle parking spots, adding to the property's future-proof appeal.