PM Estates are pleased to introduce this two-bedroom duplex apartment, situated within the prestigious St Stephens Court Development in the historic village of Stansted Mountfitchet.
This apartment has an abundance of natural light on both floors, which enhances the ultra-modern styling throughout. This is emphasized by the striking features and high specification fixtures and fittings.
The highlight within this property is the vast, open-plan and stunning living area, which is finished with oak wooden styled flooring and features a fully fitted kitchen with integrated SMEG branded appliances and a feature turquoise colour palette, which makes this area perfect for entertaining.
The apartment offers a unique ensuite bedroom set on a mezzanine-style floor above the main living space. The room is open and bright, with a glass balustrade overlooking the living area, which gives the home real height and a sense of space. This is a true mezzanine layout rather than a standard first floor, so the upper level feels private but still connected to the rest of the apartment. The bedroom is generously sized, with its own ensuite and practical access from the landing area.
This apartment is the only one in our portfolio that offers this level of access. It has two independent entrances, one into the main living space at ground level and another directly into the mezzanine master suite. Both floors are served by the lift from the basement car park and the ground floor communal area. It creates a layout that is genuinely distinctive, offering privacy, flexibility and a sense of exclusivity that you simply do not find elsewhere.
The development is close to various local amenities and is 1.6 miles from Forest Hall School. The mainline rail station, which offers direct services to London Liverpool Street and Stansted Airport, is a convenient 8-minute walk making this stunning apartment perfect for families and single professionals alike.
Rental Income and Yield Information
The property is currently let at £1,700 per calendar month to a working professional tenant who intends to remain long term. Based on a purchase price of £325,000, the rental income produces a gross yield of 6.27 percent. After accounting for the annual service charge of £2,810.30 and the current ground rent of £685.86, the adjusted net yield is approximately 5 percent. The water bills are also inclusive within the service charges.
Void periods have historically averaged only three days between tenancies since 2008, highlighting strong demand and consistent occupancy. All compliance certificates are in place.
The ground rent is payable to the freeholder and currently includes the building insurance premium. The most recent annual payment was £685.86.
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