3 bedroom block of apartments for sale

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3 bedroom block of apartments for sale

Virtual Freehold Block of Flats
£500,000

Price History

Initial price £550,000
19/11/24 £500,000
Price Change -9.09%

Description

This partially converted block of three self-contained apartments in Welwyn Garden City offers an ideal buy-to-let investment opportunity. The apartments, which were refurbished to a high standard in 2020, are located close to the town centre, business park, and train station. Each apartment is let to professional individuals on Assured Shorthold Tenancies, generating a combined annual rent of £34,680, which represents a 6.30% return. The properties feature modern fixtures and fittings, including fitted kitchens, en-suite shower rooms, and full wet underfloor heating. With no annual maintenance charge, a peppercorn ground rent, and a 996-year lease, this investment opportunity offers a stable and lucrative return.