Summary - 138-140, ST ALBANS ROAD WD24 4FT
4 bed 1 bath Block of Apartments
**Standout Features:**
- Dual first-floor self-contained flats
- Total of 4 bedrooms and 1 bathroom across both units
- Strong rental yield of 5.71% with estimated income of £30,000 p.a.
- Leasehold with 101 years remaining
- Key location on St Albans Road (A412) near bus routes and Watford Junction Station
- Close to local amenities and highly-rated schools, including multiple "Outsanding" Ofsted-rated institutions
- Ground rent of only £100 per annum
**Summary:**
This mid-terrace property presents a lucrative opportunity for investors with its two self-contained flats, perfect for generating rental income. Situated in a vibrant urban area, the property spans a total of 1,410 sq ft, offering a practical layout for future tenants. Each flat features compact yet functional spaces, making them ideal for young professionals or small families.
The advantageous location on St Albans Road ensures easy commuting to Central London, conveniently accessed through local bus routes and nearby rail services, while also being close to the lively amenities of Watford town centre. Families will appreciate the proximity to several highly-rated primary and secondary schools, bolstering the property’s appeal to a wider tenant pool.
Although the property enjoys a solid foundation, some maintenance work may be needed on the exterior, reflecting its age and urban setting. Don't miss the chance to invest in this promising property that combines potential for rental return with location advantages—properties like this don’t stay on the market for long!
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