Conveniently located in the heart of Bishops Stortford's Town Centre in the up and coming Red Lion Court development and a stone's throw from the mainline rail station, this well-proportioned top floor flat is ideal for first time buyers and investment landlords alike.
The is one of the rare properties within the development with an open plan and dual aspect living area, which is enhanced by solid wood flooring. The area includes a fitted kitchen, which has scope for improvement and would be transformed by removing the partial archway and upgrading with a contemporary style kitchen.
A contemporary outlook has been added to the property with a new bathroom suite installed in the last 12 months, featuring a P shaped bath, heated towel rail and is finished with white sparkle Shower Wall and newly fitted floor tiles.
Both bedrooms are complete with wood style flooring and remain naturally lit with large double-glazed windows in both. The master bedroom is larger than average and benefits from access to a large loft space exclusive to this flat.
For investors, this property is an ideal choice due to its low service charge of £540 half yearly and low ground rent of £100 half yearly. The current owner has also extended the lease to a healthy 122 years. The development has seen good renovation including newly laid pathways, a new European inspired garden, newly decorated and re-carpeted communal hallways and plans to re-tarmac the car park and introduce parking enforcement.
The property is currently rented at £950.00 per calendar month and in the current rental climate could achieve a strong 5.04% rental yield. The current tenants will be in situ until 3rd August 2018 and are keen to stay or alternatively notice can be served for prospective owner occupiers.