📈Investment Opportunity, 5 NEW apartments👀
- PROPERTY TYPE
House
- SIZE
Ask agent
Key features
- 🟢Projected income: £77,400 pa
- 🟢Potential Gross yield of 7.74%
- 🟢Five units spread the risk
- 🟢Liverpool Street in 23 mins
- 🟢Recently converted
- 🟢999 year lease
- 🟢Allocated parking
- 🟢Close to train line
- 🟢Heart of Cheshunt
- 🟢Service/Ground Rent: TBC
Description
💵7.74% GROSS YIELD💰
Toronto House is a rare chance to buy five recently converted one bedroom apartments in one go. The work is done. Every apartment is new and finished in neutral tones, with clean lines, an open plan living space and a modern fitted kitchen, so they're ready for tenants from day one.
For an investor, that means no build risk, no refurbishment budget and no waiting for income. At the projected rents of £77,400 a year, the guide price of £1,000,000 gives a potential gross yield of 7.74%. Because the income comes from five separate units rather than one, a single empty month has far less effect on the whole.
The two rear apartments each have their own private terrace, and every apartment comes with an allocated parking space, two features tenants look for and value. The building sits in the heart of Cheshunt, a short walk from Theobalds Grove station, with fast trains from Cheshunt reaching Liverpool Street in 23 minutes. Its local shops, green space and easy links into London make it a place renters want to live.
Rents shown are projected asking rents, and the yield is gross, before costs. 999 year lease , service charge and peppercorn ground rent are to be confirmed.
🏠Apartments🏠
Plot One: Back Left - Private terrace and 1 allocated parking - Estimated £1,350 pcm
Plot Two: Back right - Private terrace and 1 allocated parking - Estimated £1,350 pcm
Plot Three: Front Left - 1 allocated parking - Estimated £1,250 pcm
Plot Four: Front middle - 1 allocated parking - Estimated £1,250 pcm
Plot Five: Front right - 1 allocated parking - Estimated £1,250 pcm
💵Potential Income 💵
Monthly: £6,450.00
Annually: £77,400.00
Marketing Imagery Disclaimer
Please note that some property listings may feature images that have been digitally adapted to assist with visualization. These modifications may include virtual staging (adding or removing furniture and decor) or adjusting ambient elements such as lighting, time of day, and weather conditions.
These enhancements are for illustrative purposes only. We never alter, conceal, or modify the physical structure, fabric, or permanent features of any property.
Brochures
Brochure - Toronto House- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ground floor,No wheelchair access
Energy performance certificate - ask agent
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference FSD-78349385. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Black Sheep Residential, Covering East Herts & West Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.