2 Bed Semi-Detached House, Planning Permission, Bishop's Stortford, CM22 6SF, £350,000

Elm Close, Takeley, Bishop's Stortford, Hertfordshire, CM22 6SF - 3 views - a month ago

Sold STC
Planning
ROI: 10%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£225K - £494K
Sold Prices/m²£3.7K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£324,514

 

 

End Value (After Refurb)

£328,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£32,810

Bridging Loan Interest

£9,188

Total Cash In

£147,948

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£328,750

Mortgage (After Refinance)

£246,563

Mortgage LTV

75%

Cash Left In

£147,948

Equity

£82,188

Rent Range

£1,200 - £4,199

Rent Estimate

£2,824

Running Costs/mo

£1,612

Cashflow/mo

£1,212

Cashflow/yr

£14,542

ROI

10%

Gross Yield

10%

Local Sold Prices

14 sold prices from £225K to £494K, average is £303.5K. £3.7K/m² to £5.8K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£295K01/210.03 mi22, Elm Close, Takeley, Bishop's Stortford, Essex CM22 6SF2
£266K04/210.15 mi50, Long Croft, Takeley, Bishop's Stortford, Essex CM22 6RX2
£315K03/220.23 mi16, Ley Field, Takeley, Bishop's Stortford, Essex CM22 6RS2
£270K06/210.29 mi7, North Road, Takeley, Bishop's Stortford, Essex CM22 6RG2
£225K02/210.52 mi7, Broadfield Road, Takeley, Bishop's Stortford, Essex CM22 6SR2
£370K08/230.64 miFairview, Parsonage Road, Takeley, Bishop's Stortford, Essex CM22 6PU2
£352K07/230.66 mi10, Farmer Close, Little Canfield, Dunmow, Essex CM6 1HX2
£305K03/210.7 mi7, Buttercup Close, Little Canfield, Dunmow, Essex CM6 4AJ2
£297K02/210.7 mi28, Saffron Way, Little Canfield, Dunmow, Essex CM6 1HF2
£334K09/210.72 mi18, Rumbles Way, Little Canfield, Dunmow, Essex CM6 1FA2
£264K06/210.91 mi2, The Street, Takeley, Bishop's Stortford, Essex CM22 6QU2
£326K06/212.55 mi9, Start Hill, Bishop's Stortford, Essex CM22 7TG2
£494K06/212.92 miLittle Bradwell, Broad Street, Hatfield Broad Oak, Bishop's Stortford, Essex CM22 7JD2
£302K11/202.93 mi7, Broad Street, Hatfield Broad Oak, Bishop's Stortford, Essex CM22 7JD2

Local Rents

9 rents from £1.2K/mo to £4.2K/mo, average is £3.4K/mo.

RentDateDistanceAddressBeds 
£1,79503/250.13 mi-4
£1,60012/240.39 miGarnetts, Takeley, CM223
£3,40012/240.48 miCanfield Road, Takeley5
£4,19912/240.65 mi-3
£4,19911/240.65 mi-3
£4,00002/250.65 mi-3
£3,99902/250.65 mi-3
£2,20012/240.84 miHaddesley Road, Little Canfield, Dunmow, Essex, CM64
£1,20012/241.35 miBambers Green, Takeley, CM222

Local Area Statistics

Population in CM22

13,712

Population in Bishop's Stortford

54,088

Town centre distance

4.40 miles away

Nearest school

0.20 miles away

Nearest train station

1.54 miles away

 

 

Rental growth (12m)

+4%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £350,000

February 5, 2025

Floor Plans

Description

  • Peaceful cul-de-sac location in Takeley. +
  • Large south-facing, unoverlooked rear garden. +
  • Two double bedrooms with modern shower room. +
  • Driveway parking for three vehicles plus single garage. +
  • Potential to extend, subject to planning permission. +
  • Bright kitchen/dining space with garden access. +
  • Close to The Flitch Way, perfect for walks and cycling. +
  • Excellent transport links to London, M11, and A120. +

Nestled at the end of a peaceful cul-de-sac in the sought-after village of Takeley, this charming two-bedroom semi-detached home offers an exceptional combination of comfort, convenience, and potential. One of its standout features is the large, unoverlooked, south-facing rear garden—a perfect sanctuary for relaxation or entertaining. The outdoor space also boasts a patio area, ideal for al fresco dining during the warmer months, and a single garage for added practicality.

The home begins with a welcoming living room, flowing seamlessly into a bright kitchen/dining space that opens onto the rear garden, creating a wonderful connection to the outdoors. Upstairs, two generously sized double bedrooms and a modern shower room provide ample living space. The property benefits from driveway parking for three vehicles, recently enhanced by the current owners, and offers exciting potential for future extensions (subject to planning permission).

Takeley itself is a vibrant village that perfectly balances rural charm with excellent connectivity. For nature lovers, The Flitch Way offers picturesque walking and cycling routes through the countryside. The village is ideally situated close to Stansted Airport, with a trainline offering direct access to London, and enjoys excellent road links via the M11 and A120, making it perfect for commuters. Local amenities, including a post office, pharmacy, and traditional pub, add to the community’s appeal, ensuring everything you need is close to hand.

This uniquely available home is a rare opportunity for those seeking a blend of tranquility, lifestyle, and convenience.

Agent Details

Willmott & Lake, Bishop's Stortford

01279 594622

Next Steps?

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