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River Meads - Stanstead Abbotts
We recently completed on a sale of a lovely two bedroom apartment in River Meads, Stanstead Abbotts. The property was one that we had been letting for a great client since 2008. During that time we had four sets of tenants living in the property with the first ones paying a rental of £750 per calendar month. In today's market this very property would achieve £1,200 per calendar month which is an increase of around 60% but equally as important as the rise in rent over the years was the steady income it provided for the Landlord with very few void periods.
Moving forward the time came for the Landlord to sell the property and we were instructed to market for sale. The marketing included the usual presence on the top property portals such as Rightmove, Zoopla and On The market as well as our own Hunters.Com website. The Landlord had extended the lease and so the property was sold with over 150 years lease remaining which meant an ideal long term investment for the new owners who have now moved in.
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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”
