3 bed block of flats

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3 bed block of flats

Bridge Road East, Welwyn Garden City AL7
£500,000

Price History

Initial price £550,000
27/11/24 £500,000
Price Change -9.09%

Description

This is a prime buy-to-let investment opportunity in Welwyn Garden City, offering a partial block of three self-contained apartments, all refurbished to an impeccable standard in 2020. The property is situated in a prime location, close to the town center, train station, and business park, making it an attractive option for professional tenants. The apartments generate a combined annual rental income of £34,680, offering an approximate return of 6.30%. The property is offered with a 996-year lease, with a peppercorn ground rent and no annual maintenance charges, maximizing investment value. The apartments feature high-quality fixtures and fittings, including fitted kitchens, en-suite shower rooms, and full wet underfloor heating. With all three apartments let on Assured Shorthold Tenancies (ASTs), this is a rare opportunity to acquire a fully let, low-maintenance property with a strong yield and excellent long-term potential.