Residential Development For Sale
Banfield Court, London Colney, AL2
£2,600,000 | For Sale
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. Council tax band: C, Tenure: Freehold,| Tax Band | % | Taxable Sum | Tax |
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