Watford, WD18 6UZ | Investment Property for Sale | VES-WD18-414

Opportunity to buy hands-off tenanted investment property generating £18,731pa and a yield of 6.7%

£280,000

Apartment

VES-WD18-414

INITIAL INVESTMENT

£127,980

GROSS RENT / YIELD

£18,731 / 6.7%

NET RENT / YIELD

£14,148 / 5.1%

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£10

SERVICE CHARGE

£500

2 bedrooms

1 bathroom

1 reception room

659

Fully Furnished

Additional Details

It is let to a specialist housing provider on a 10 year full repair and insurance lease. It serves as a great hands-off and hassle free investment, whilst generating a good and stable yield.

Vesta has not visited the property and the marketing material has been provided by the vendor.

Tenancy

RENT

£18,731 p.a. / £1,561 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

FRI Lease

TENANCY AGREEMENT STARTED

over 4 years ago

TENANCY AGREEMENT ENDS

5/5/2025

Floorplans

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

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£18,731

Equivalent of £1,561 per calendar month (PCM).

GROSS RENTAL YIELD

6.7%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£14,148

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

5.1%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£4,583

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Watford, Hertfordshire

Watford is a town and borough in the county of Hertfordshire, situated 15 miles northwest of the City of London.

Watford is serviced by three main rail stations and one underground station, providing regular transport links to London, the Midlands and even further north. The closest station to this property is Watford Underground station which is just over a mile away and provides services on the Metropolitan line to destinations in the centre of town such as Aldgate and Baker Street. Watford Junction lies on the West Coast Main Line and offers routes from London Euston to the Midlands and the north, as well as a southern service to Clapham Junction via Shepherd’s Bush. Watford Junction also operates a London Overground service to Euston which travels south via a suburban loop stopping at Watford High Street and other locations in the local area. Watford is located in-between the M1 and M25 motorway junctions, providing superb links for commuters who may travel by car to London or surrounding areas.

Watford is considered as a major regional centre in the northern home counties, making it one of the key locations of retail development in the last few decades. The high street is full of life with its focus on evening entertainment being based around a high frequency of bars, clubs and restaurants. The recently rebranded Watford Shopping Centre is home to over 145 shops and services including all of ones favourite high street brands and a multi-screen cinema.

There are many job opportunities in Watford as it is home to the head office of many national companies such as JD Wetherspoon, Camelot Group, Mothercare and many more. Watford is part of the home counties, an area around London that has terrific transport links to the City of London with its vast array of opportunities.

Kimble Close,

Watford,

Hertfordshire,

England,

WD18 6UZ

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