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Moor End Lodge

Hemel Hempstead, Hertfordshire

£190,000

  • One bedroom apartment
  • Net yield of 7.14%
  • Current sitting tenant
  • Strong rental growth potential
  • Popular residential location

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Hemel Hempstead, Hertfordshire

Apartment | £190,000 | Leasehold 234 Years Remaining

PROPERTY OVERVIEW

A stunning one-double-bedroom apartment situated on the sixth floor of Moor End Lodge, offered with the benefit of a sitting tenant currently producing £1,300 per calendar month, making this an ideal turn-key investment or a well-presented home for an owner-occupier.

The accommodation comprises an entrance hall with a useful utility cupboard, a modern bathroom with shower, a generous double bedroom with fitted wardrobe, and an open-plan reception room with doors opening onto a private balcony. A modern fitted kitchen completes the living space. The apartment further benefits from one allocated parking space.

Moor End Lodge enjoys a highly convenient position within walking distance of Hemel Hempstead town centre, with its shops, restaurants and leisure facilities, and just a short walk from Hemel Hempstead railway station, offering fast and frequent services into London Euston.

KEY FEATURES
  • Sixth-floor apartment with open-plan reception room
  • One double bedroom with fitted wardrobe
  • Doors from the reception room onto a private balcony
  • Modern fitted kitchen
  • Bathroom with shower
  • Entrance hall with utility cupboard
  • One allocated parking space
  • Let at £1,300 pcm – ideal buy-to-let investment
  • Walking distance to Hemel Hempstead town centre
  • Short walk to Hemel Hempstead railway station
  • Long lease with 234 years remaining
  • EPC Rating: B
FINANCIAL SUMMARY
  • Asking Price: £190,000
  • Current Rental Income: £1,300 pcm (£15,600 per annum)
  • Ground Rent: £506 per annum
  • Service Charge: £1,536 per annum
  • Lease Term Remaining: 234 years
  • Gross Yield: 8.21%
  • Net Yield: 7.14% (after ground rent & service charge)
  • EPC Rating: B
LOCATION

Cotterells sits within easy reach of Hemel Hempstead’s town centre, home to The Marlowes shopping area, a wide choice of cafés, restaurants and everyday amenities. Hemel Hempstead railway station provides regular services to London Euston in around 30–35 minutes, while the M1 and M25 motorways are both close by, making this an excellent base for commuters.

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Mortgaged

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£190,000.00

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