Auction Property 3 Bed Apartment 

Nightingales, Bishop’s Stortford

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Features

  • Auction Date: 24th – 25th June 2020
  • Guide Price: £533,000+
  • Reconfigured Maisonette
  • Estimated Net Rental Yield: 6.5%
  • Approximately 1,012Sq Ft (Taken from EPC)
  • Six Minutes Drive To Stansted Airport
  • Six Minutes Walk To Mainline Station
  • Ground Floor Apartment
  • Short Walk To Local Bus Stop
  • Sold With Vacant Possession

Quick Details

3 Bedrooms3 Receptions2 Bathrooms

Address

50 NightingalesBishop's StortfordHertfordshireCM23 5JQ
Details
EPC
Map
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Property Details

•Auction Date: 24th – 25th June 2020
•Guide Price: £533,000+
•Reconfigured Maisonette
•ERV £40,000PA (6.5%+ Net Yield)
•Leasehold

A modern specification apartment spread over 1,012ft2 reconfigured by the current owner into six bedrooms, an open plan lounge/diner, a kitchen and two bathrooms in close proximity to Stansted Airport and the local mainline station.

The property has been let out by its current owner in its current configuration since 2017 and has always been in high demand from prospective occupiers due to the close proximity to both the airport and railway station.

Though the property is being sold with vacant possession the potential rental income could be in the region of £3,000 - £3,500 per calendar month.

Services

We understand the property to have mains electricity, water and drainage. Interested parties should make their own enquiries.

Investment Analysis

We have been informed by the vendor that before coming vacant the apartment generated £3,250PCM rental income.

Tenure

Leasehold
Combined Ground Rent and Service Charge: £46.84PCM (2018/2019)
Lease Length: Circa 175 years (until 2195)

Interested parties should also conduct their own due diligence.

Parking

The apartment has one allocated space. There are also numerous visitor spaces available on site.

Guide Price

£533,000+

VAT

Non - Applicable

Buyers Premium

2% (minimum £3,600) inc. VAT

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