Asking Price £265,000

2 bed apartment for sale in Waytemore Road, Bishop's Stortford, CM23 (ref: 4744659)

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Key features

  • Fantastic Investment Opportunity or First Time Purchase
  • Approx. 5.59% Net Yield
  • Potential Rental Income of £1300pcm
  • 2 Double Bedrooms
  • Communal Gardens
  • Allocated Parking

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We are delighted to present this superb 2-bedroom ground floor apartment located in the sought after Knights Rows on Waytemore Road, Bishop’s Stortford. The property offers an excellent investment opportunity, The property has capability of achieving £1,300 per calendar month rent.

The property boasts a lease of approximately 107 years remaining an a modest service charge of approximately £790.08 per annum. This gives the property a gross rental yield of 5.89% and a net rental yield of 5.59%.

Internally the apartment is accessed via a secure communal entrance hall and comprises 2 double bedrooms, family bathroom, kitchen and a living / dining room with double doors leading out to patio area and communal garden. The property boasts a private storage shed in the communal garden and allocated parking to the front of the block.

Please note that while we have been advised of the lease length and service charge details, we have not seen sight of the official documentation. Prospective buyers are encouraged to verify these details independently.

Kitchen/Diner11.25 ft x 7.33 ft

Living Room13.08 ft x 11.50 ft

Bedroom 111.75 ft x 9.67 ft

Bedroom 211.50 ft x 6.58 ft


Stamp duty due

Based on a sale price of £265,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

8 Property images

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Further details

  • Status: Available
  • Size: 548.96 sq ft (51 sq m)
  • Tenure: Leasehold
  • Reference: 4744659

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