PM Estates are pleased to present this bright first floor studio apartment located within the popular Dane Court development in the centre of Bishop’s Stortford. This property represents an ideal first investment opportunity with strong rental potential and long-term demand due to its central location.
The apartment benefits from excellent natural light and a well-arranged open plan living space with clearly defined areas for living and sleeping. The fitted kitchen is finished in gloss white shaker style units with wall and base cupboards and includes appliances such as a freestanding cooker and washing machine. Decorative mosaic style tiling complements the modern kitchen area.
The bathroom is fitted with a modern suite and a double shower enclosure with chrome and glass fittings. The property also benefits from one allocated parking space located close to the building.
Investment Information
The property has been let to the same professional tenant for approximately 16 years at a rent of £675 per calendar month. The tenant is now retiring and relocating to Portugal.
Based on current market conditions, the estimated achievable rent is approximately £900 per calendar month. Based on the guide price of £140,000 this would produce a gross rental yield of approximately 7.71 percent. Annual service charge: £889.99
Estimated net yield after service charge: approximately 7.08 percent. The property benefits from a share of freehold which means there is no ground rent payable. The service charge also includes the buildings insurance.
Location
Dane Court is positioned in the heart of Bishop’s Stortford town centre and is within walking distance of the mainline railway station providing direct services to London Liverpool Street, Cambridge and Stansted Airport.
The development is also close to a wide range of local amenities including restaurants, shops, Sainsbury’s supermarket and the Nuffield Health fitness centre.
Ideally located between London and Cambridge, Bishop’s Stortford is a historic market town offering excellent transport connections. The town is adjacent to Stansted Airport and benefits from a direct rail service to London Liverpool Street in approximately 35 minutes. The town is also well positioned for access to the M11 and M25 motorway network, making it attractive for both commuters and investors.
Please contact PM Estates on 01279 654646 to arrange a viewing.
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