Residential development for sale

The Common, Hatfield

New build

020 8115 2124

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Residential development

12 bed

0 bath

Property description & features

Tenure: Freehold
High Yield Potential
High Capital Appreciation
Freehold
5 EV Parking Spots
12 Brand New One Bedroom Flats
Large Communal Area
8 Flats With Balconies
Well Connected Area

Hammonds are excited to offer a unique investment opportunity in the heart of Hatfield. Set for completion in October 2024, this modern residential development comprises four floors with a total of 12 one-bedroom apartments. The first three floors each house three spacious apartments, while the top floor offers three premium units, providing a comfortable and private living experience.

Prime Location and Connectivity:
Located in vibrant Hatfield, this development is close to the town centre and well-connected to nearby St Albans, Potters Bar, and Welham Green. A 30-minute train ride to central London makes it ideal for commuters. Proximity to the University of Hertfordshire and the Royal Veterinary College ensures strong demand from students and professionals alike.

Modern Living Spaces:
Each apartment is designed with modern living in mind, featuring bright, open-plan layouts and high-quality finishes. The development will be delivered as a turnkey investment, fully finished and ready for immediate occupancy or rental, offering a seamless start to generating rental income.

Investment Potential:
With an estimated rental income of £1,400 per month per apartment, this 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.

Freehold Ownership and Additional Features:
The sale includes the freehold of the entire building, granting full control over the property, including setting service charges and managing maintenance. Five dedicated electric vehicle parking spots add future-proof appeal, catering to the growing demand for sustainable living options.

Summary:
Listed at offers in excess of £3,180,000, this turnkey development in Hatfield represents an exceptional investment opportunity with strong rental yield.

Property information from this agent

The Common, Hatfield

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Hammonds - Mile End

57 Bow Road London E3 2AD

020 8115 2124

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THE TEAM We realise that it is our staff that make things happen and believe that looking after our employees is just as important as looking after our clients. That is why each time you contact Hammonds Estates you will hear a familiar voice , adding that personal touch and setting us aside from our competitors. RENT GUARANTEED We provide a guaranteed rental option to landlords, this means we at Hammonds Estates we will pay you rent throughout the term, regardless of the property being occupied. LATE NIGHT VIEWINGS We understand that many of our applicants have commitments which may prevent them from viewing properties during normal business hours, therefore we offer viewings until 8pm and make sure that all viewings are accompanied by a member of our team. PROPERTY MANAGEMENT All our professional, corporate and private tenants expect a high level of service when they rent a property through Hammonds Estates, which is why our property managers are on call 24hrs a day, 365 days a year. Our comprehensive Property Management service gives you peace of mind, and offers you the opportunity to reduce the pressure of being a full-time landlord, giving you the chance to enjoy your free time. TENANTS We have many high calibre private and corporate tenants that are thoroughly vetted before tenancy commences. PROFESSIONAL PHOTOGRAPHY Our teams of professional photographers are committed to presenting properties at their very best, ensuring that our clients receive the finest virtual understanding of the property they are interested in. We aim to deliver exceptional quality photography, virtual tours and accurate floor plans of all properties and advertise your property on numerous websites and key publications within hours. FREE VALUATION We offer a free valuation promise to all of our clients, and can rest assured that one of our industry trained staff will give you an honest and accurate valuation. NO LET / SALE NO FEE We offer all of our landlords a “no let/ sale no fee” promise. In the unfortunate case that we are unable to let or sell your property, Hammonds Estates will not financially penalise you, it really is that simple.

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Property reference 33297965. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Hammonds - Mile End.

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