1 Bed Flat For Sale

Exceptional Investment Opportunity – Portfolio of Six One-Bedroom Flats in Prime St Albans Location
Ziggurat House, Grosvenor Road, St Albans | £235,000 per unit | Gross Yield: 7.40% | Net Yield: 6.17%

We are delighted to offer a rare chance to acquire a portfolio of six modern, one-bedroom flats situated in the highly sought-after Ziggurat House on Grosvenor Road, St Albans. Perfectly positioned just minutes from St Albans City Station, these stylish apartments are ideal for professionals seeking fast connections to London and beyond, making them a consistent performer in the local rental market.

• Price per Unit: £235,000

• Current Rental Income:

  • 1 x £1,400 PCM

  • 3 x £1,350 PCM

  • 2 Units Currently Vacant

• Estimated Market Rental (Fully Let): 6 x £1,450 PCM = £8,700 PCM / £104,400 PA

• Gross Yield: 7.40%

• Net Yield (Inc. Full Management @ 8% + VAT): 6.17%

• Service Charge (Annual for all 6): £14,728.99

• Ground Rent (Annual for all 6): £1,800

Each apartment offers a well-designed open-plan layout, modern fixtures and fittings, and bright, contemporary living spaces. Ziggurat House is a popular residential development with secure entry systems and well-maintained communal areas, appealing to both tenants and investors alike.

St Albans is a historic city with a vibrant town centre, excellent schools, and an array of independent shops, restaurants, and cultural venues. Its fast and frequent rail links to London St Pancras (under 20 minutes) make it a prime commuter hotspot. The local property market remains strong, supported by consistent demand from young professionals and city workers.

With two flats currently vacant, there is immediate potential to uplift the rental income to market level, boosting returns further. For hands-off investors, we offer full professional management at 8% + VAT, ensuring your investment is handled seamlessly.

To arrange a viewing or request further details, contact us today and secure a high-performing asset in one of the UK’s most desirable commuter locations.