Bishop's Stortford, CM23 3GG | Investment Property for Sale | VES-CM23-001

Opportunity to purchase an apartment in Bishop's Stortford generating £12,600 rent pa & gross yield of 4.6%

£275,000

Apartment

VES-CM23-001

INITIAL INVESTMENT

£79,500

Based on

deposit: £68,750

stamp duty: £8,250

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£12,600

GROSS YIELD

4.6%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£300

SERVICE CHARGE

£2,040

2 bedrooms

1 bathroom

1 reception room

543

Fully Furnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2007

Property information

  • Located on the second floor (top floor)
  • Open plan kitchen/diner/lounge
  • Main bedroom comes with built-in wardrobe
  • Allocated and secure parking
  • EPC rating C

Rental information

This property lets very easily and the vendor has never had any void periods.

Location information

  • Within walking distance of Bishop's Stortford train station
  • Near local shops, restaurants and bars
  • Great transport links to Cambridge, London and Stanstead Airport

Tenancy

RENT

£12,600 p.a. / £1,050 pcm

TENANCY DEPOSIT

£1,212

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

6 months ago

TENANCY AGREEMENT ENDS

5/2/2021

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Bishop’s Stortford, Hertfordshire

Bishop’s Stortford is a market town in Hertfordshire just 27 miles north-east of London. The M11 motorway passes east of the town and can be reached via Junction 8. It links Bishop’s Stortford to Cambridge, Harlow and London.

Bishop’s Stortford railway station is on the West Anglia Main Line and is operated by Greater Anglia. Southbound trains run to Harlow, Tottenham Hale and London Liverpool Street, as well as Stratford. Northbound trains run to Cambridge, Ely and King’s Lynn. The Stansted Express service also calls at the station providing a direct link to Stanstead Airport.

The nearest airport is Stanstead Airport, which lies just under 5 miles east of the town and serves over 200 destinations globally.

The town centre features a bi-weekly market every Thursday and Saturday, a number of independent shops including jewellers, gift shops, bakeries, boutiques and also has a convenient shopping centre Jackson Square. There are a variety of attractions including Rhodes Arts Complex housing the Bishop’s Stortford Museum, Cecil Rhodes Collection and Local History Collection.

Nature lovers can choose between walks alongside the River Stort or the over 90 acres of parks and open spaces offering a variety of different countryside walks. Bishop’s Stortford is an affluent town which is partly due to a high number of locals working in financial services in London. It is perfectly located for an easy commute into London. Other local jobs are in the tourist industry, including hotels, catering and airline staff.

Archers Place,

Bishop's Stortford,

Hertfordshire,

England,

CM23 3GG

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Important Note

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Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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