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Residential development for sale

Banfield Court, London Colney, AL2

£2,600,000
Northwood, St Albans
PROPERTY TYPE

Residential Development

SIZE

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Key features

  • Fantastic Investment Opportunity
  • Purchase Entire Freehold
  • 10 Apartments
  • Gated Private Development
  • Mix of 1 & 2 Beds
  • Allocated & Visitor Parking
  • Fully Let to Private Tenants
  • Rental Income £145,000pa
  • Excellent Links to M25, A1(M) & M1

Description

Banfield Court presents a rare opportunity to acquire an interest in an exclusive residential development in the highly sought-after St Albans area, offering both stability and attractive returns. Tucked away in a prime, set-back position, the development enjoys a peaceful and private setting enhanced by a gated entrance that provides an added sense of security and exclusivity for residents. The scheme comprises 10 well-proportioned apartments, arranged across two smartly designed blocks and is surrounded by neatly maintained shrubs and attractive communal garden areas. To the front of the development, there is ample parking for residents and visitors.

 

Situated on the northern side of London Colney, Banfield Court is conveniently located less than three miles from the vibrant heart of St Albans city centre. Residents benefit from excellent connectivity, with easy access to the A414, leading directly to the A1(M), M1, and M25.

 

Fully let to private residential tenants, the development offers a ready-made investment with immediate income across a mix of one and two bedroom apartments. Generating returns of approximately 5.6%, Banfield Court benefits from strong future prospects with many market experts forecasting continued and significant rental growth in the coming years.

EPC rating: C. Tenure: Freehold,

Banfield Court, London Colney, AL2

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Park Street Station1.4 miles
  • How Wood Station1.7 miles
  • St. Albans Station2.0 miles
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About Northwood, St Albans

48 London Road, St. Albans, AL1 1NG

Northwood St Albans is an independent estate agency based in St Albans, established by Tim Leighton in 2006 to help our clients achieve their property ambitions. Over the years, Tim has built a team of experts focused on specialist knowledge of Sales & Lettings, seeing the business grow from strength to strength to become one of the leading agents in the area. The team understands that dealing with residential property is as much about personal rapport and the relationship you build with clients as it is about market knowledge and expertise. After all, when you are putting the sale of your home or an investment property in someone else's hands, it is critical you have one key ingredient with your agent... trust.

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