3 Bed Semi-Detached House, Single Let, Bishop's Stortford, CM23 3PS, £375,000

Chinnery Hill, Bishop's Stortford, Hertfordshire, CM23 3PS - 3 views - 5 months ago

Sold STC
BTL
ROI: 1%
~93 m²
+13 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Rent Range

£1,450 - £3,300

Rent Estimate

£1,650

Running Costs/mo

£1,522

Cashflow/mo

£128

Cashflow/yr

£1,538

ROI

1%

Gross Yield

5%













Local Rents

14 rents from £1.4K/mo to £3.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£3,30012/240.2 mi-3
£3,30012/240.2 mi-3
£1,45006/230.32 mi-3
£1,60012/240.34 miNursery Road, Bishop's Stortford, Hertfordshire, CM233
£1,70012/240.38 miLondon Road, Bishops Stortford, Hertfordshire, CM233
£1,80012/240.39 miSouthmill Road, BISHOP'S STORTFORD3
£1,75012/240.47 miChestnut Close, Bishops Stortford, CM233
£1,55012/240.48 miNew Town Road, Bishop's Stortford, Hertfordshire, CM233
£1,79512/240.48 mi-3
£1,99503/250.48 mi-3
£2,10002/250.53 mi-3
£1,65012/240.54 miWentworth Drive, Bishop`s Stortford, Herts, CM233
£3,00012/240.55 miGreat Eastern Close, Bishop's Stortford, CM233
£1,57512/240.58 miIrving Close, Bishop's Stortford3

Local Area Statistics

Population in CM23

40,374

Population in Bishop's Stortford

54,088

Town centre distance

0.63 miles away

Nearest school

0.30 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £375,000

October 30, 2024

Floor Plans

Description

  • 3 Bedroom Semi-Detached House +
  • Needs Updating Throughout +
  • Driveway Parking +
  • Single Garage +
  • Potential Rental Income £1650 PCM +
  • Council Tax Band D +
  • EPC Rating D +

A three-bedroom, semi-detached family home ideally positioned within an established residential location close to local amenities and schooling. The property requires updating throughout and comprises an entrance hallway with stairs to upper floor, lounge, kitchen/dining room and a conservatory. On the first floor are three bedrooms and a family bathroom. Externally are lawned gardens to front and rear and a detached single garage and driveway parking to the side. Offered as vacant possession and no onward chain.

Council Tax Band D. EPC Rating 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.

IBS240680/5

Agent Details

Intercounty, Bishop Stortford

01279 594732

Next Steps?

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