Description
** TWO BEDROOM 1ST FLOOR FLAT IN A POPULAR HERTFORDSHIRE LOCATION WITH EXCELLENT RENTAL DEMAND (ESTIMATED MONTHLY RENTAL VALUE OF AROUND £1200) AND A POTENTIAL 11 % GROSS YIELD ** 581 SQ FT OF SPACE ** LOW LEASE OF 46 YEAR WITH OPPORTUNITY TO ADD SIGNIFICANT VALUE **
This well-presented two-bedroom first-floor flat is located in the popular Woodhall Farm area, close to local amenities and within a short drive of M1 Junction 8. The property benefits from a modern, well-appointed fitted kitchen with appliances, two bedrooms (with fitted wardrobes to bedroom one), UPVC double glazing, electric heating, a recently upgraded hot water system, intercom entry system, communal gardens, and a permitted residents’ car park. The flat is also to be sold with a brand-new bathroom suite, allowing the new owner to install it to their own preference and specification. Please note the leasehold term has approximately 46 years remaining, which is reflected in the keen guide price. However, at this level the property offers an exceptional GROSS potential rental yield of up to 11%, with an estimated monthly rental value of £1,200 PCM. There is also scope to add further value by way of a lease extension.
INSIDE COMMUNAL ENTRANCE
ENTRANCE HALL
LOUNGE/DINING ROOM 16'8 X 11'10
KITCHEN 9'0 X 8'4
BEDROOM ONE 14'0 X 10'0
BEDROOM TWO 10'10 X 7'1
BATHROOM 7'0 TO MAX X 5'4 TO MAX
OUTSIDE COMMUNAL GARDENS
RESIDENT CAR PARK
LEASE DETAILS Current lease term of 99 years with 46 years remaining. We are advised by the seller that there is a ground rent of £80 PA and a service charge of £1500 PA, please refer to the legal pack for confirmation.
Tenure: Leasehold
Lease Details: 99
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
Buyers Premium - £2,500 + VAT
Administration Charge
Administration Charge - £950 + VAT
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- Unconditional (Immediate Exchange)
Call the team on 01908 030127 for more information
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