Hatfield, AL10 9JZ | Investment Property for Sale | VES-AL10-001

Opportunity to purchase a HMO apartment in Hatfield generating £17,700 rent pa & gross yield of 6.4%

£275,000

HMO Apartment

VES-AL10-001

INITIAL INVESTMENT

£79,500

Based on

deposit: £68,750

stamp duty: £8,250

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£17,700

GROSS YIELD

6.4%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£60

SERVICE CHARGE

£1,960

3 bedrooms

2 bathrooms

1 reception room

751

Fully Furnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2005

Property information

  • Located on the groundfloor
  • Shared living/kitchen area
  • Shared bathroom has a shower and bath unit
  • Main bedroom has an ensuite
  • Main bedroom and second bedroom come with built-in storage
  • There is further additional storage in the apartment: 3 cupboards across the corridor including one large storage space
  • There is 1 allocated parking space
  • Managed & let by a third party
  • Current monthly rental income £1,475

Refurbishment information

  • Apartment underwent refurbishment works following purchase
  • A stud wall partition was added to segregate the living & kitchen area to create a third bedroom

Rental information

  • Tenants are typically students
  • Tenancy agreements are signed for 1 year
  • New tenants are usually secured 9 months before the end of the current tenancy
  • Bills are not included in the rent and are paid directly by the tenants

Location information

  • The property is located in a residential area
  • The universities de Havilland Campus is around 10 minutes walk away
  • The Galleria shopping centre is under 1 mile from the property

Tenancy

RENT

£17,700 p.a. / £1,475 pcm

TENANCY DEPOSIT

£1,700

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

2 months ago

TENANCY AGREEMENT ENDS

8/16/2021

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Hatfield, Hertfordshire

Hatfield is a town in Hertfordshire, England and lies around 20 miles north of London. It is located near the A1(M) connecting it to the M25 and M1.

Hatfield railway station is on the East Coast Main Line from London to York. Southbound trains run to London King’s Cross in around 21 minutes, via Finsbury Park (16 minutes, Victoria Line underground station) and there is also a stopping service to Moorgate. Northbound train services go to Cambridge and there is also a stopping service to Welwyn Garden City.

Some of the local attractions include Hatfield Park which is home to Hatfield House, an ornate Jacobean mansion and gardens which was once the home of Queen Elizabeth I, Mill Green Museum and Mill, Heartwood Forest, Ellenbrook Fields and De Havilland Aircraft Museum.

The town is also home to a contemporary Art and Design Gallery, The Weston Auditorium theatre and a music venue The Forum Hertfordshire. The Galleria, an indoor shopping mall, includes outlet shops, high street names, restaurants, bars and a cinema.

The University of Hertfordshire is based here and its de Havilland Campus as well as the Sports village were opened in 2003. The Royal Veterinary College has its equine branch base in Hatfield too.

With its close proximity to the capital and excellent transport connections Hatfield has become a popular commuter town over the years.

Cunningham Avenue,

Hatfield,

Hertfordshire,

England,

AL10 9JZ

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Important Note

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