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

Boundary Road, Bishop's Stortford, CM23 5LE - 5 views - 8 months ago
HMO
ROI: 4%
~123 m²
Property image
Property image
Property image

ValuationUndervalued

Sold Prices£515K - £2.0M
Sold Prices/m²£3K/m² - £7.3K/m²

 

 

Square Metres

~123 m²
Price/m²£4.1K/m²

Value Estimate

£571,094
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£127,500

Stamp Duty & Legal Fees

£42,200

Total Cash In

£169,700

 

 

Cash Out

 

Room Rate

£698

Gross Rent

£3,490

Running Costs/mo

£2,966

Cashflow/mo

£524

Cashflow/yr

£6,289

ROI

4%

Gross Yield

8%

Local Sold Prices

41 sold prices from £515K to £2.0M, average is £870K. £3K/m² to £7.3K/m², average is £4.7K/m².

Price
Date
Distance
Address
Beds
 
£1.4M10/210.16 mi9, Thorn Grove, Bishop's Stortford, Hertfordshire CM23 5LB5
£930K06/210.18 mi2a, Thorn Grove, Bishop's Stortford, Hertfordshire CM23 5LD5
£1.6M04/230.31 miHereford House, Avenue Road, Bishop's Stortford, Hertfordshire CM23 5NT5
£901K11/220.34 mi17, Warwick Road, Bishop's Stortford, Hertfordshire CM23 5NH5
£755K11/210.53 mi41, Thorley Park Road, Bishop's Stortford, Hertfordshire CM23 3NG5
£925K03/250.53 mi2, Beldams Gate, Bishop's Stortford CM23 5RN5
£1.1M07/230.54 mi12, Beldams Gate, Bishop's Stortford, Hertfordshire CM23 5RN5
£905K03/250.61 miTwyford Lodge, Pig Lane, Bishop's Stortford CM22 7PA5
£1.3M11/210.62 mi52, Portland Road, Bishop's Stortford, Hertfordshire CM23 3SJ5
£1.0M11/220.76 mi24, Foxley Drive, Bishop's Stortford, Hertfordshire CM23 2EB5
£675K05/210.86 mi44, Badgers, Bishop's Stortford, Hertfordshire CM23 4ET5
£1.4M08/210.89 mi38, Hadham Road, Bishop's Stortford, Hertfordshire CM23 2QS5
£850K12/240.99 miHazelside, Chantry Road, Bishops Stortford CM23 2SB5
£815K03/230.99 mi87, Parsonage Lane, Bishop's Stortford, Hertfordshire CM23 5BA5
£515K06/211.09 mi8, Fulton Crescent, Bishop's Stortford, Hertfordshire CM23 5DA5
£675K07/231.09 mi7, Fulton Crescent, Bishop's Stortford, Hertfordshire CM23 5DA5
£2.0M05/231.1 miWinchester House, 6, The Spires, Bishop's Stortford, Hertfordshire CM23 2GZ5
£912.5K06/231.11 mi17, Westfield Road, Bishop's Stortford, Hertfordshire CM23 2RE5
£765K01/251.15 mi167, Heath Row, Bishop's Stortford CM23 5DW5
£567.5K06/231.16 mi32, Winchester Close, Bishop's Stortford, Hertfordshire CM23 4JG5
£537.5K06/211.16 mi40, Heath Row, Bishop's Stortford, Hertfordshire CM23 5DE5
£690K06/251.17 mi1, Grosvenor Close, Bishop's Stortford CM23 4JP5
£690K06/251.17 mi1, Grosvenor Close, Bishop's Stortford CM23 4JP5
£700K12/241.2 mi64, Broadleaf Avenue, Bishop's Stortford CM23 4JZ5
£570K07/251.21 mi2, Broadleaf Avenue, Bishops Stortford CM23 4JY5
£631K09/211.21 mi122, Heath Row, Bishop's Stortford, Hertfordshire CM23 5DG5
£1.2M11/221.32 mi12, Grange Park, Bishop's Stortford, Hertfordshire CM23 2HX5
£960K07/211.32 mi26, Salters, Bishop's Stortford, Hertfordshire CM23 4NX5
£852.5K01/231.38 mi1, Marguerite Way, Bishop's Stortford, Hertfordshire CM23 4NB5
£760K05/211.42 mi116, Latchmore Bank, Little Hallingbury, Bishop's Stortford, Essex CM22 7PN5
£910K01/251.44 mi13, Pewterers Avenue, Bishop's Stortford CM23 4GR5
£725K12/241.47 mi4, Chatsworth Close, Bishop's Stortford CM23 4PP5
£965K12/241.51 miBelvedere House, Church Road, Bishop's Stortford CM22 7TZ5
£1.1M12/221.53 mi46, Milliners Way, Bishop's Stortford, Hertfordshire CM23 4GG5
£1.1M12/221.56 miHigh Oak, Dell Lane, Little Hallingbury, Bishop's Stortford, Essex CM22 7SH5
£915K11/221.58 mi22, The Shearers, Bishop's Stortford, Hertfordshire CM23 4AZ5
£1.2M04/251.58 mi84, The Shearers, Bishop's Stortford CM23 4AZ5
£870K02/231.59 mi20, Blacksmith Close, Bishop's Stortford, Hertfordshire CM23 4GB5
£725K08/211.6 mi4, Armourers Close, Bishop's Stortford, Hertfordshire CM23 4EQ5
£682.5K08/251.63 miRivendell, Bedlars Green Road, Tilekiln Green, Bishop's Stortford CM22 7TQ5
£565K03/251.63 mi28, Franklin Street, Bishop's Stortford CM23 2GN5

Local Area Statistics

Population in CM23

40,374

Population in Bishop's Stortford

54,088

Town centre distance

0.43 miles away

Nearest school

0.30 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £510,000

March 17, 2025

Floor Plans

Property image

Description

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

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 . --------------------------------------------------------------------------------- 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?

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