2 Bed Bungalow, Single Let, Bishop's Stortford, CM23 5QD, £475,000

Bradley Common, Birchanger, Bishop's Stortford, Essex, CM23 5QD - 9 months ago

Sold STC
BTL
~111 m²
+13 photos

ValuationUndervalued

Sold Prices£186.9K - £450K
Sold Prices/m²£2.5K/m² - £7K/m²

 

 

Square Metres

~111.40 m²
Price/m²£4.3K/m²

Value Estimate

£577,255
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£36,200

Total Cash In

£154,950

 

 

Cash Out

 

Rent Range

£1,000 - £1,600

Rent Estimate

£1,006

Running Costs/mo

£1,706

Cashflow/mo

£-700

Cashflow/yr

£-8,395

Gross Yield

3%

Local Sold Prices

28 sold prices from £186.9K to £450K, average is £317.5K. £2.5K/m² to £7K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£350K01/230.02 mi74, Birchanger Lane, Birchanger, Bishop's Stortford, Essex CM23 5QF2
£315K03/210.03 mi9, Bradley Common, Birchanger, Bishop's Stortford, Essex CM23 5QD2
£302K05/210.05 mi5, Hillside Cottages, Birchanger, Bishop's Stortford, Essex CM23 5QB2
£320K12/220.08 mi84, Birchanger Lane, Birchanger, Bishop's Stortford, Essex CM23 5QF2
£350K12/220.4 mi15, Stansted Road, Birchanger, Bishop's Stortford, Hertfordshire CM23 5PS2
£290K12/200.52 mi269, Birchanger Lane, Birchanger, Bishop's Stortford, Essex CM23 5QP2
£297.5K06/210.52 mi295, Birchanger Lane, Birchanger, Bishop's Stortford, Essex CM23 5QP2
£325K12/200.71 mi3, Gill Edge, Stansted, Essex CM24 8RL2
£255.5K11/200.76 mi20, Redvers Close, Bishop's Stortford, Hertfordshire CM23 2DE2
£186.9K12/200.77 mi23, Hudgell Road, Stansted, Essex CM24 8FP2
£293.5K09/210.84 mi18, Rochford Close, Stansted, Essex CM24 8LZ2
£285K02/210.84 mi26, Rochford Close, Stansted, Essex CM24 8LZ2
£390K04/230.85 miIvy Cottage, Stoney Common, Stansted, Essex CM24 8NH2
£285K06/210.85 mi15, Rochford Close, Stansted, Essex CM24 8LZ2
£325K02/220.87 mi33, Stoney Common, Stansted, Essex CM24 8NF2
£281K06/210.87 mi47, Stoney Common, Stansted, Essex CM24 8NF2
£230K05/210.87 mi15, Stoney Place, Stansted, Essex CM24 8PE2
£325K12/220.87 mi40, Stoney Common, Stansted, Essex CM24 8NF2
£310K11/200.91 mi10, West Road, Stansted, Essex CM24 8NG2
£369K09/220.91 mi32, West Road, Stansted, Essex CM24 8NG2
£300K08/210.96 mi199, Rye Street, Bishop's Stortford, Hertfordshire CM23 2HE2
£340K12/220.96 mi193, Rye Street, Bishop's Stortford, Hertfordshire CM23 2HE2
£325K07/230.97 mi46, West Road, Stansted, Essex CM24 8NQ2
£350K08/220.98 mi58, West Road, Stansted, Essex CM24 8NQ2
£381K02/210.99 mi91, Cannons Close, Bishop's Stortford, Hertfordshire CM23 2BH2
£285K01/210.99 mi56, West Road, Stansted, Essex CM24 8NQ2
£400K11/221 mi74, Cannons Close, Bishop's Stortford, Hertfordshire CM23 2BQ2
£450K06/231 mi48, Cannons Close, Bishop's Stortford, Hertfordshire CM23 2BQ2

Local Rents

20 rents from £1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.1 miHigh View, Bishop's Stortford, CM232
£1,47508/230.56 mi-2
£1,40001/250.56 mi-2
£1,00012/240.78 miPines Hill, Stansted, CM242
£1,25012/240.84 miRochford Close, Stansted, Essex, CM242
£1,39507/240.86 mi-2
£1,10012/240.97 miManor Road, Stansted, CM242
£1,20004/230.98 mi-2
£1,20012/241.01 miHazel End, Farnham2
£1,40007/231.13 mi-2
£1,35012/241.14 miPeasleys Yard, Stortford Hall Park, Bishop's Stortford, Herts, CM232
£1,05012/241.14 miSpencer House, Stansted Mountfitchet, CM242
£1,07512/241.14 miSilver Street, Stansted, CM242
£1,40009/231.14 mi-2
£1,20012/241.16 miBakery Court, Stansted Mountfitchet.2
£1,20012/241.16 miBakery Court, Stansted, CM242
£1,60003/251.18 mi-2
£1,50012/241.2 miSilver Street, Stansted, Essex, CM242
£1,35012/241.2 miSt Stephens Court, Stansted, Essex, CM242
£1,20012/241.24 miHermitage House, Bentfield Road, Stansted, Essex, CM242

Local Area Statistics

Population in CM23

40,374

Population in Bishop's Stortford

54,088

Town centre distance

1.56 miles away

Nearest school

0.20 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £475,000

December 5, 2024

Listed for £500,000

June 28, 2024

Floor Plans

Description

  • 2 Bedroom Detached Property +
  • No Chain +
  • Generous Plot with Scope to Extend STPP +
  • Driveway & Garage +
  • Popular Village Location +
  • Council Tax Band E & EPC Band D +

A good size, two bedroom, detached bungalow, in the popular village of Birchanger, situated on a private driveway. The property sits on a generous plot, with lovely gardens to the front and rear, a detached garage and ample driveway parking. Spacious internal accommodation comprises entrance hallway, kitchen, a large lounge/dining room overlooking the rear garden, two double bedrooms, bathroom and separate WC.

There is scope to extend STPP. Offered with no onward chain.

Council Tax Band E. EPC Band D.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum of six months, with the exception of short term accommodation. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
BUYERS INFORMATION

To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 plus VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.

REFERRAL FEES

We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Intercounty.

IBS240345/5

Agent Details

Intercounty, Bishop Stortford

01279 594732

Next Steps?

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