This one bedroom apartment has just come onto the market and has already proven itself as a great "Buy to Let" investment. We have been letting this property on behalf of the Landlord for 9 years and it has consistently performed well for both rental income achieved and very low void periods with the tenants wanting to move in almost as soon as the previous tenants move out.
Currently let at £650 per calendar month this property could easily achieve more with just some slight changes such as decor and Bath suite but it already has great charm and the all important top location.
The lease on this property is around 75 years so there is still plenty of time left on it but you could always look to extend the lease once you have taken ownership although you may have to wait 2 years to do so.
The management fees are about £120 per month which is higher than the average for the area but the important thing to remember here is the desirability of Tenants to want to live here and therefore limiting the void periods. The reason so many want to move to this part of River Meads is not just its location for commuting but also because of the appearance of the development and that it is constantly maintained to a very high standard, these attributes will always come at a cost but with a regular flow of tenants you will be taking the rough with the smooth.
Click on the link below and take a look at the property and if you want any further information please get in touch or just pop into our High Street office for a chat.
"Your local lettings experts, our advice is free but our knowledge is priceless"
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”
Adrian Fallart - Director - Property File
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