5 Bed HMO, Bishop's Stortford, CM23 5LE, £510,000

Boundary Road, Bishop's Stortford, CM23 5LE 5 - 9 days ago

HMO
ROI: 4%
~178 m²
+9 photos

ValuationUndervalued

Sold Prices£515K - £2.3M
Sold Prices/m²£3K/m² - £7.3K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.9K/m²

Value Estimate

£627,300
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£127,500

Stamp Duty & Legal Fees

£39,700

Total Cash In

£167,200

 

 

Cash Out

 

Room Rate

£719

Gross Rent

£3,595

Running Costs/mo

£2,989

Cashflow/mo

£606

Cashflow/yr

£7,272

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £515K to £2.3M, average is £825K. £3K/m² to £7.3K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£1.4M10/210.14 mi9, Thorn Grove, Bishop's Stortford, Hertfordshire CM23 5LB5
£930K06/210.17 mi2a, Thorn Grove, Bishop's Stortford, Hertfordshire CM23 5LD5
£1.2M02/210.25 mi1, Avenue Road, Bishop's Stortford, Hertfordshire CM23 5NS5
£1.6M04/230.3 miHereford House, Avenue Road, Bishop's Stortford, Hertfordshire CM23 5NT5
£2.3M04/210.32 mi26, Avenue Road, Bishop's Stortford, Hertfordshire CM23 5NT5
£901K11/220.32 mi17, Warwick Road, Bishop's Stortford, Hertfordshire CM23 5NH5
£685K02/210.47 mi51, Thorley Hill, Bishop's Stortford, Hertfordshire CM23 3NF5
£630K11/200.52 mi3, Thornbera Road, Bishop's Stortford, Hertfordshire CM23 3NJ5
£1.1M07/230.54 mi12, Beldams Gate, Bishop's Stortford, Hertfordshire CM23 5RN5
£755K11/210.54 mi41, Thorley Park Road, Bishop's Stortford, Hertfordshire CM23 3NG5
£1.3M11/210.62 mi52, Portland Road, Bishop's Stortford, Hertfordshire CM23 3SJ5
£935K12/200.62 mi20, Brooke Gardens, Bishop's Stortford, Hertfordshire CM23 5JF5
£1.0M11/220.75 mi24, Foxley Drive, Bishop's Stortford, Hertfordshire CM23 2EB5
£675K05/210.86 mi44, Badgers, Bishop's Stortford, Hertfordshire CM23 4ET5
£1.4M08/210.88 mi38, Hadham Road, Bishop's Stortford, Hertfordshire CM23 2QS5
£570K02/210.92 mi55, Gibbs Field, Bishop's Stortford, Hertfordshire CM23 4EZ5
£725K11/200.95 mi8, Parsonage Lane, Bishop's Stortford, Hertfordshire CM23 5BE5
£675K03/210.97 mi20, Parsonage Lane, Bishop's Stortford, Hertfordshire CM23 5BE5
£815K03/230.98 mi87, Parsonage Lane, Bishop's Stortford, Hertfordshire CM23 5BA5
£515K06/211.08 mi8, Fulton Crescent, Bishop's Stortford, Hertfordshire CM23 5DA5
£675K07/231.08 mi7, Fulton Crescent, Bishop's Stortford, Hertfordshire CM23 5DA5
£675K01/211.09 mi2, Blackbushe, Bishop's Stortford, Hertfordshire CM23 5EY5
£2.0M05/231.1 miWinchester House, 6, The Spires, Bishop's Stortford, Hertfordshire CM23 2GZ5
£912.5K06/231.1 mi17, Westfield Road, Bishop's Stortford, Hertfordshire CM23 2RE5
£617.5K06/211.11 mi1, Lavender Close, Bishop's Stortford, Hertfordshire CM23 4LN5
£540K03/211.13 mi6, Larchwood, Bishop's Stortford, Hertfordshire CM23 4JS5
£537.5K06/211.15 mi40, Heath Row, Bishop's Stortford, Hertfordshire CM23 5DE5
£567.5K06/231.17 mi32, Winchester Close, Bishop's Stortford, Hertfordshire CM23 4JG5
£925K03/211.18 mi4, Matching Lane, Bishop's Stortford, Hertfordshire CM23 2PP5
£631K09/211.2 mi122, Heath Row, Bishop's Stortford, Hertfordshire CM23 5DG5
£550K03/211.22 mi8, Lea Close, Bishop's Stortford, Hertfordshire CM23 5EA5
£1.2M11/221.3 mi12, Grange Park, Bishop's Stortford, Hertfordshire CM23 2HX5
£960K07/211.33 mi26, Salters, Bishop's Stortford, Hertfordshire CM23 4NX5
£1.3M11/201.37 mi1, Maze Green Heights, Bishop's Stortford, Hertfordshire CM23 2RU5
£852.5K01/231.39 mi1, Marguerite Way, Bishop's Stortford, Hertfordshire CM23 4NB5
£675K05/211.43 mi30, Stockmen Field, Bishop's Stortford, Hertfordshire CM23 4GP5
£760K05/211.44 mi116, Latchmore Bank, Little Hallingbury, Bishop's Stortford, Essex CM22 7PN5
£550K10/201.44 miOakleigh, Latchmore Bank, Little Hallingbury, Bishop's Stortford, Essex CM22 7PN5
£660K12/201.46 mi28, Larksway, Bishop's Stortford, Hertfordshire CM23 4DG5
£667.5K03/211.48 mi3, Chatsworth Close, Bishop's Stortford, Hertfordshire CM23 4PP5
£880K04/211.49 mi5, Milliners Way, Bishop's Stortford, Hertfordshire CM23 4GG5
£570K03/211.53 mi28, Clover Avenue, Bishop's Stortford, Hertfordshire CM23 4BW5
£1.1M12/221.54 mi46, Milliners Way, Bishop's Stortford, Hertfordshire CM23 4GG5
£1.1M12/221.57 miHigh Oak, Dell Lane, Little Hallingbury, Bishop's Stortford, Essex CM22 7SH5
£830K02/211.57 mi14, Mercers Avenue, Bishop's Stortford, Hertfordshire CM23 4AG5
£820K12/201.57 mi11, Mercers Avenue, Bishop's Stortford, Hertfordshire CM23 4AG5
£855K12/201.58 mi61, The Shearers, Bishop's Stortford, Hertfordshire CM23 4AZ5
£915K11/221.59 mi22, The Shearers, Bishop's Stortford, Hertfordshire CM23 4AZ5
£870K02/231.6 mi20, Blacksmith Close, Bishop's Stortford, Hertfordshire CM23 4GB5
£625K03/211.61 mi15, Armourers Close, Bishop's Stortford, Hertfordshire CM23 4EQ5

Local Area Statistics

Population in CM23

40,374

Population in Bishop's Stortford

54,088

Town centre distance

0.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £510,000

March 6, 2025

Floor Plans

Description

  • 5 Bedroom Semi-Detached House +
  • Tenanted for Immediate Investment +
  • Convenient Residential Location +
  • Ample off Road Parking +
  • HMO Investment Property +
  • No Forward Chain +

Bettermove are proud to present this 5 bedroom semi-detached house in Bishops Stortford available with no forward chain.
The property is currently tenanted and it will be sold with tenants in situ for immediate investment. Rental yields can be obtained through Bettermove.
The property benefits from double glazing- gas central heating throughout and has off street parking available.
The council tax band is D.
The interior of this property comprises a spacious living room- dining room- w/c- study/bedroom and fitted kitchen on the ground floor. The first floor consists of 4 bedrooms and the family bathroom. The exterior boasts a detached annex with en-suite in the private rear yard- which is perfect for enjoying the summer months.
Located in the popular town of Bishop's Stortford- the property is close to a range of amenities- including shops- supermarkets- restaurants and pubs. Excellent transport connections can be found from the A1060- M11 and Bishops Stortford train station.
This exciting opportunity should not be missed! All enquiries can be made through Bettermove on .
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You can secure the purchase immediately by paying an exclusivity deposit of £1-000.
This is not an additional fee and is returned to you on completion.
Paying this deposit ensures that the seller takes the property off the market and reserves it exclusively for you. Therefore- eliminating the risk of being gazumped by another buyer- and incurring aborted costs.
This allows you rights to purchase within a given timeframe (typically 8-12 weeks) which gives you time to prepare funding- surveys- and searches.
Speak to one of our sales team about our Exclusivity Deposits today to find out more…

Agent Details

Bettermove, Nationwide

020 3834 8696

Next Steps?

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