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4 Bed HMO, Bishop's Stortford, CM23 5PX £525,000

Cavell Drive, Bishop's Stortford, Hertfordshire, CM23 5PX - 13 views - a year ago
  1. Deal Search
  2. Bishop's Stortford
  3. CM23
  4. CM23 5PX
HMO
ROI: 2%
~129 m²

ValuationUndervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Bishop's Stortford
  • More Deals in CM23
  • More HMO Deals
  • More HMO Deals in Bishop's Stortford
  • More HMO Deals in CM23

Property History

Listed for £525,000

December 23, 2024

Sold for £413,000

2017

Sold for £425,000

2006

Floor Plans

Description

  • Spacious 4/5 bedroom family home with 1,550 sqft of living space. +
  • Convenient location within walking distance to town centre, train station, and good schools. +
  • Large kitchen/diner, perfect for family gatherings and socialising. +
  • Versatile lounge with Juliette balcony, which can be used as a fifth bedroom. +
  • Master bedroom with built-in storage and en-suite shower room. +
  • Ultra-low maintenance rear garden with decked seating area and shed. +
  • Tandem garage offers parking, storage, and potential for conversion. +
  • Investment potential with HMO configuration, offering a yield of up to 8.8%. +

Located on Cavell Drive in Bishop’s Stortford, this spacious 4/5 bedroom family home offers approximately 1,550 sqft of internal accommodation spread over three floors. Perfectly positioned within walking distance to the town centre, train station, and top local schools, this property combines convenience with ample living space.

Upon entering, the large entrance hall provides a welcoming feel, with access to the tandem garage on the left, and to the right, the heart of the home – a spacious kitchen/diner. This family-friendly room is ideal for socialising, with ample space for a large dining table. A handy downstairs cloakroom is also located on the ground floor for added convenience.

The first floor features a versatile lounge, which could alternatively be used as a fifth bedroom. This room is filled with natural light, enhanced by a Juliette balcony. Also on this level is the master bedroom, which boasts generous built-in storage and an en-suite shower room, as well as a fourth bedroom. The second floor offers two further beautifully decorated, spacious bedrooms, a family bathroom, and a useful airing cupboard in the hallway.

Outside, the low-maintenance rear garden provides a great space to relax, featuring a decked seating area, shingle, and storage shed. The tandem garage not only offers parking and storage but is also utilised as a utility area for white goods. Additional on-street parking is available as well.

For those looking for investment potential, this property offers flexibility. The lounge can easily serve as a fifth bedroom, and the tandem garage has the potential to be converted into an additional living space or a sixth bedroom if rented as an HMO. With the potential to generate an income of £46,000 per annum as a 5-bedroom HMO, this home could deliver an approximate rental yield of 8.8% based on a purchase price of £525,000.

This property provides an excellent opportunity for both families and investors, combining versatility, space, and a prime location in Bishop’s Stortford.

Agent Details

Willmott & Lake, Bishop's Stortford

01279 594622

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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