2 Bed Terraced House, Single Let, Bishop's Stortford, CM22 6GB, £350,000

Oak Drive, Elsenham, Bishop's Stortford, CM22 6GB - a year ago

Sold STC
Leasehold
BTL
~72 m²
+9 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£1,150 - £3,600

Rent Estimate

£1,250

Running Costs/mo

£1,364

Cashflow/mo

£-114

Cashflow/yr

£-1,368

Gross Yield

4%













Local Rents

14 rents from £1.1K/mo to £3.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.28 miMay Walk, Elsenham Road2
£1,50012/240.28 miElsenham Road, Stansted2
£1,30003/240.43 mi-2
£1,30012/240.43 miOziers, Elsenham, Bishop's Stortford, CM222
£1,15012/240.54 miGold Close, Elsenham2
£1,40012/240.55 miHailes Wood, Elsenham2
£1,50012/240.73 miEastfields Stables, Elsenham, CM242
£1,50012/240.73 miEastfield Stables, Elsenham, CM242
£1,50012/240.73 miEastfield Stables, Elsenham, CM242
£3,60003/231.17 mi-2
£1,20007/231.17 mi-2
£1,25003/251.17 mi-2
£1,30012/241.18 miCastle Walk, Stansted Mountfitchet, CM242
£1,30012/241.18 miCastle Walk, Stansted Mountfitchet, CM242

Local Area Statistics

Population in CM22

13,712

Population in Bishop's Stortford

54,088

Town centre distance

3.96 miles away

Nearest school

0.50 miles away

Nearest train station

0.60 miles away

 

 

Rental growth (12m)

+4%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £350,000

April 9, 2024

Floor Plans

Description

  • Two double bedrooms +

  • Well equipped kitchen +

  • Spacious lounge/diner +

  • Driveway parking for three cars +

  • South west fully enclosed, private garden +

  • Close to all local amenities including train station +

SUMMARY
Great opportunity to purchase this property in fantastic condition throughout.

DESCRIPTION
Ideal purchase for first time buyers, this five year home benefits from NHBC Guarantee for another 5 years and is still has a 'New Home' feel about it.
Downstairs comprises of a fitted kitchen, good size lounge/diner and cloakroom plus useful under-stair storage cupboard. Upstairs has two double bedrooms, one with fitted wardrobe space and a family bathroom.
The private rear garden is South-West facing and has lawn and patio plus side access to front.
Driveway provides ample parking for up to thre cars and there is communal/visitor parking nearby.
Elsenham is well-served, with convenience store, hairdressers, doctors surgery, gastro-pub, a fish and chip shop, post office, cafe and mainline train station to London Liverpool Street and Cambridge. The village also benefits from a lovely park area, tennis courts, golf course, bowls club and stunning walks via the woodlands to the Nature Reserve.

Front
Door to:

Hallway
Under-stair storage.

Kitchen
10'2 x 7'4

Lounge/Diner
14'4 x 13'6

Downstairs Cloakroom

Landing
Access to fully boarded loft

Bedroom 1
11'5 x 10'4 max Plus built in wardrobes

Bedroom 2
14'5 x 9'9

Bathroom

Garden
Southwest facing, lawn, patio and side access.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SHARMAN QUINNEY NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Kevin Henry, Saffron Walden

01799 610878

Next Steps?

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