Properties that capitalise on the strong rental market
April 1st 2024
If you're a landlord looking to expand their portfolio, or a buyer considering investing in the lettings market, now could be the right time to buy.
Rental prices are soaring, with an annual rent rise of 7.8% compared to last year, and demand remains strong, with an average of 15 enquiries per rental property currently on the market. The South East in particular has seen strong growth, with nearly all private rentals in the South East now in areas with average rents over £1,000 per month.
Here at Frost's, we have a range of properties for sale with the potential for high rental yield. We’ve put together a selection of three properties that would make excellent investment properties for landlords.
This one-bedroom flat has an open-plan kitchen/reception and could let for approximately £1,250pcm.
£300,000
Hedley Road, St. Albans, AL1
Located in a modern development that provides excellent access to the local amenities and ever popular mainline train station, with direct access to central London, this stunning ground floor one bedroom apartment provides well-proportioned living space combined with a stylish, contemporary décor.
The property comprises of an entrance hall with secure entry phone system which leads to a sizeable open plan living space incorporating a fitted kitchen with integral appliances with a patio door leading to a private courtyard. There is also a sizeable double bedroom and a modern fitted bathroom with tiled flooring and heated towel rail.
The development provides secure, gated, allocated parking and the location makes this an ideal purchase for first time buyers, investors and commuters alike.
Council Tax Band B
Energy Rating C
Leasehold
Lease Length: Approx. 994 years remaining
Service & Maintenance Charge: £900 P/A
Ground Rent: £300 P/A
View full detailsThe property comprises of an entrance hall with secure entry phone system which leads to a sizeable open plan living space incorporating a fitted kitchen with integral appliances with a patio door leading to a private courtyard. There is also a sizeable double bedroom and a modern fitted bathroom with tiled flooring and heated towel rail.
The development provides secure, gated, allocated parking and the location makes this an ideal purchase for first time buyers, investors and commuters alike.
Council Tax Band B
Energy Rating C
Leasehold
Lease Length: Approx. 994 years remaining
Service & Maintenance Charge: £900 P/A
Ground Rent: £300 P/A
A ground floor two-bedroom apartment in a quiet cul de sac that could be rented out for approximately £1,350pcm.
£300,000
Tudor Road, St. Albans, AL3
Ideally located in a quiet cul-de-sac just a short walk from highly regarded schools and local shops is this two double bedroom ground floor apartment set within well-tended communal grounds. This property would be perfect for either a first time or investment purchase and equally would suit someone looking to downsize.
The sizable accommodation comprises of a communal entrance, an entrance hall with built in storage leads to a large living / dining room, modern refitted kitchen / breakfast room and there are two double bedrooms and a modern family bathroom.
Externally the communal garden incorporates well-tended lawned areas and the property further benefits from an outside storage cupboard.
Tudor Road is ideally located to the north of St Albans, Batchwood leisure facilities are located nearby, including a golf course and gym, and close to ancient woodland for countryside walks. The city centre with its wide range of shopping and leisure facilities, as well as mainline railway station to London St Pancras, is approximately 1.5 miles away.
Energy Rating D
Council Tax Band C
Leasehold
View full detailsThe sizable accommodation comprises of a communal entrance, an entrance hall with built in storage leads to a large living / dining room, modern refitted kitchen / breakfast room and there are two double bedrooms and a modern family bathroom.
Externally the communal garden incorporates well-tended lawned areas and the property further benefits from an outside storage cupboard.
Tudor Road is ideally located to the north of St Albans, Batchwood leisure facilities are located nearby, including a golf course and gym, and close to ancient woodland for countryside walks. The city centre with its wide range of shopping and leisure facilities, as well as mainline railway station to London St Pancras, is approximately 1.5 miles away.
Energy Rating D
Council Tax Band C
Leasehold
This three-bedroom flat has a modern refitted kitchen, private covered parking space, and could have a rental income of £1,350pcm.
£350,000
High Street, Wheathampstead, AL4
Offered for sale with no upper chain, this much improved and rarely available three bedroom ground floor apartment situated in the centre of Wheathampstead village.
This property would make an ideal first time or investment purchase or equally would suit someone downsizing. The accommodation comprises three good sized bedrooms, a large living room, a modern refitted kitchen and bathroom. Outside the property there is a private covered parking space, a communal courtyard and gardens. Further benefits include gas central heating, and double glazing throughout.
Wheathampstead is a popular Hertfordshire village located to the north of St Albans and offers a variety of shops, restaurants and pubs as well as a supermarket, chemist, doctors surgery, church and library. The more comprehensive shopping and leisure facilities including mainline railway station of both Harpenden and St Albans are just a short distance away.
Energy Rating C
Council Tax Band C
Leasehold
View full detailsThis property would make an ideal first time or investment purchase or equally would suit someone downsizing. The accommodation comprises three good sized bedrooms, a large living room, a modern refitted kitchen and bathroom. Outside the property there is a private covered parking space, a communal courtyard and gardens. Further benefits include gas central heating, and double glazing throughout.
Wheathampstead is a popular Hertfordshire village located to the north of St Albans and offers a variety of shops, restaurants and pubs as well as a supermarket, chemist, doctors surgery, church and library. The more comprehensive shopping and leisure facilities including mainline railway station of both Harpenden and St Albans are just a short distance away.
Energy Rating C
Council Tax Band C
Leasehold
If you're interested in buying, check out the other properties we have for sale, and if you're looking for specific investment property advice, talk to our dedicated Property Management team.