Property Details

Detached house for sale For Sale

AL5 189D, Welbeck Rise, Cross Farm, Harpenden, Hatching Green, St Albans, Hertfordshire, England, AL5 1SP, United Kingdom

£650,000

ROI = 0% BMV = 0%

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Description

EXCITING DEVELOPMENT OPPORTUNITY (Subject to Planning Permission) OR LONG-TERM INVESTMENT This is a rare and exciting chance to acquire a detached property with a generous side plot, located in a highly desirable and sought-after area. With its fantastic potential for development or long-term rental income, this property is an ideal investment for developers, investors, or buyers looking for a versatile addition to their portfolio. The property is currently divided into two self-contained one-bedroom apartments, both of which have been maintained to a high standard throughout. Each apartment boasts its own private rear garden, offering outdoor space that enhances their appeal to tenants or potential buyers. The apartments are well-proportioned, bright, and welcoming, ensuring ongoing demand for rentals in this prime location. The side plot is particularly noteworthy, offering significant scope for further development or extension, subject to the necessary planning permissions. This creates an opportunity to add value to the property and maximize its potential, whether through additional residential units, an extension, or even a separate dwelling. Both apartments are tenanted, and the current tenants have expressed a desire to remain if the property is purchased by an investor, ensuring immediate rental income and a seamless transition for new ownership. This makes it an attractive option for those looking to expand their rental portfolio without the need for extensive work or finding new tenants. The property is being offered with the added benefit of no upper chain, streamlining the purchase process and allowing for a quicker transaction. Additionally, the FREEHOLD IS INCLUDED IN THE SALE, ensuring full ownership of the property and land, providing peace of mind and added flexibility for future plans. Located in a popular and well-established area, the property is within easy reach of local amenities, transport links, and recreational facilities, making it an attractive choice for both tenants and buyers alike. Whether you are looking to capitalise on the development potential, secure a reliable buy-to-let investment, or explore a combination of both, this property offers endless possibilities. If you would like more information or wish to arrange a viewing, please contact our sales team today.

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