2 Bed Flat, Public Notice, Stansted, CM24 8GA, £240,000

Silver Street, Stansted, Essex, CM24 8GA - 7 months ago

Leasehold
BTL
ROI: 2%
~70 m²
+13 photos

ValuationUndervalued

Sold Prices£187.5K - £315.5K
Sold Prices/m²£3.1K/m² - £4.9K/m²

 

 

Square Metres

~69.77 m²
Price/m²£3.4K/m²

Value Estimate

£268,270
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Rent Range

£1,000 - £3,600

Rent Estimate

£1,081

Running Costs/mo

£986

Cashflow/mo

£95

Cashflow/yr

£1,138

ROI

2%

Gross Yield

5%

Local Sold Prices

36 sold prices from £187.5K to £315.5K, average is £265.3K. £3.1K/m² to £4.9K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£285K06/220.02 miFlat 33, St Stephens Court, Silver Street, Stansted, Essex CM24 8GA2
£290K12/210.03 miFlat 6, St Stephens Court, Silver Street, Stansted, Essex CM24 8GA2
£270K07/210.13 mi14, Windmill Close, Stansted, Essex CM24 8GH2
£246K01/220.13 mi7, Windmill Close, Stansted, Essex CM24 8GH2
£270K07/210.13 mi14, Windmill Close, Stansted, Essex CM24 8GH2
£315.5K02/210.17 mi27b, Recreation Ground, Stansted, Essex CM24 8BD2
£205K10/200.41 mi22, Coltsfield, Stansted, Essex CM24 8LH2
£200K05/210.55 mi25, Manor Road, Stansted, Essex CM24 8NL2
£205K02/211.25 mi107, Birchanger Lane, Birchanger, Bishop's Stortford, Essex CM23 5QF2
£260K12/202.23 miFlat 9, Belgrave Houses, Stortford Hall Park, Bishop's Stortford, Hertfordshire CM23 5AQ2
£275K05/212.41 mi15, Bryan Road, Bishop's Stortford, Hertfordshire CM23 2HR2
£274K06/212.52 mi38, Kingfisher Way, Bishop's Stortford, Hertfordshire CM23 2AZ2
£262.5K03/212.52 mi21, Kingfisher Way, Bishop's Stortford, Hertfordshire CM23 2AZ2
£275K05/212.52 mi39, Kingfisher Way, Bishop's Stortford, Hertfordshire CM23 2AZ2
£280K12/222.56 mi70, Nightingales, Bishop's Stortford, Hertfordshire CM23 5JQ2
£280K07/232.56 mi74, Nightingales, Bishop's Stortford, Hertfordshire CM23 5JQ2
£285K11/202.56 mi43, Nightingales, Bishop's Stortford, Hertfordshire CM23 5JQ2
£280K07/212.56 mi86, Nightingales, Bishop's Stortford, Hertfordshire CM23 5JQ2
£237.5K03/212.6 mi9, Cavell Drive, Bishop's Stortford, Hertfordshire CM23 5PW2
£237.5K03/212.6 mi9, Cavell Drive, Bishop's Stortford, Hertfordshire CM23 5PW2
£215K06/232.61 miFlat 12, Watsons Yard, Hadham Road, Bishop's Stortford, Hertfordshire CM23 2WH2
£210K05/232.68 miFlat 2, The Pump House, London Road, Bishop's Stortford, Hertfordshire CM23 5NA2
£280K04/232.74 miFlat 12, Springfield Court, Hadham Road, Bishop's Stortford, Hertfordshire CM23 2QJ2
£268K12/222.74 miFlat 7, Springfield Court, Hadham Road, Bishop's Stortford, Hertfordshire CM23 2QJ2
£285K07/232.74 miFlat 19, Springfield Court, Hadham Road, Bishop's Stortford, Hertfordshire CM23 2QJ2
£310K04/212.76 miFlat 3, Hadham Court, Hadham Road, Bishop's Stortford, Hertfordshire CM23 2QQ2
£312K07/212.82 mi48a, Portland Road, Bishop's Stortford, Hertfordshire CM23 3SJ2
£210K11/222.84 miFlat 3, St Catherines Court, Windhill, Bishop's Stortford, Hertfordshire CM23 2NE2
£227K11/212.85 miFlat 25, St Catherines Court, Windhill, Bishop's Stortford, Hertfordshire CM23 2NE2
£225K02/232.85 miFlat 14, St Catherines Court, Windhill, Bishop's Stortford, Hertfordshire CM23 2NE2
£187.5K02/232.85 miFlat 35, St Catherines Court, Windhill, Bishop's Stortford, Hertfordshire CM23 2NE2
£200K09/212.85 miFlat 18, St Catherines Court, Windhill, Bishop's Stortford, Hertfordshire CM23 2NE2
£240K03/212.87 miFlat 6, Apton Court, Apton Road, Bishop's Stortford, Hertfordshire CM23 3UA2
£205K12/202.91 mi34, Trinity Way, Bishop's Stortford, Hertfordshire CM23 3UB2
£271K06/212.91 miFlat 11, Cygnet Court, Stort Road, Bishop's Stortford, Hertfordshire CM23 3EG2
£235K05/212.92 mi9, Wharf Place, Bishop's Stortford, Hertfordshire CM23 3YS2

Local Rents

19 rents from £1K/mo to £3.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.02 miSt Stephens Court, Stansted, Essex, CM242
£1,50012/240.03 miSilver Street, Stansted, Essex, CM242
£1,20012/240.04 miBakery Court, Stansted Mountfitchet.2
£1,20012/240.04 miBakery Court, Stansted, CM242
£1,20012/240.04 miHermitage House, Bentfield Road, Stansted, Essex, CM242
£1,05012/240.06 miSpencer House, Stansted Mountfitchet, CM242
£1,07512/240.06 miSilver Street, Stansted, CM242
£1,75012/240.11 miCambridge Road, Stansted, Essex, CM242
£1,60003/250.2 mi-2
£1,40009/230.22 mi-2
£1,30012/240.32 miCastle Walk, Stansted Mountfitchet, CM242
£1,30012/240.32 miCastle Walk, Stansted Mountfitchet, CM242
£3,60003/230.33 mi-2
£1,20007/230.33 mi-2
£1,25003/250.33 mi-2
£1,00012/240.42 miPines Hill, Stansted, CM242
£1,25012/240.47 miRochford Close, Stansted, Essex, CM242
£1,39507/240.47 mi-2
£1,10012/240.55 miManor Road, Stansted, CM242

Local Area Statistics

Population in CM24

6,736

Population in Stansted

6,752

Town centre distance

0.21 miles away

Nearest school

0.20 miles away

Nearest train station

0.34 miles away

 

 

Rental growth (12m)

-29%

Sales demand

Balanced market

Property History

Price changed to £240,000

October 31, 2024

Listed for £260,000

August 28, 2024

Floor Plans

Description

  • Vacant with No Onward Chain +
  • Sold as Seen +
  • Two Bedroom Apartment +
  • Ensuite & Bathroom +
  • Open Plan Living Area +
  • Secure Underground Parking +
  • Potential Rental income £1400 PCM +
  • Council Tax Band D +
  • EPC Rating B +

PUBLIC NOTICE - Flat 15, St. Stephens Court, Silver Street, Stansted, CM24 8GA - We have received an offer of £ 262,500.00. Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place. EPC Rating (B)

Offered vacant with no onward chain is this two-bedroom, two-bathroom first floor apartment, in the centre of the village with easy access to all the amenities and station. This purpose-built accommodation comprises a communal landing with front door to entrance hall, open plan sitting/dining/kitchen with balcony, two bedrooms, an ensuite plus a bathroom. There is also secure underground parking. The property does require some decorating and is sold as seen.

There are 107 years remaining on the lease. The service charge is £1800 per annum and the ground rent is £400 per annum.

Council Tax Band D. EPC Rating B.

Lease, ground rent and maintenance details have been provided by the seller, but their accuracy cannot be guaranteed, as we may not have seen a copy of the original lease. Should you proceed with the purchase of this property, lease details must be verified by your solicitor.

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.'

IST240170/5

Agent Details

Intercounty, Stansted

01279 594576

Next Steps?

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