We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · CM23 3YL
Sold STCListed 166 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PM Estates are pleased to introduce this first floor one-bedroom apartment within the popular Red Lion Court Development of Bishops Stortford's Town Centre, to the sales market.
The property comprises of a spacious living area which is complete with a large window overlooking the communal gardens, which creates a light and airy feel into the room.
The living area then flows directly on to a fitted kitchen area complete with undercounter appliances inclusive of a washing machine, fridge freezer and oven with hob.
The bedroom is double in size, with the room complete with carpet and has been decorated in neutral colour tones. This property also benefits from an allocated parking space within the development.
For investors, this property is an ideal choice due to its low service charge of £1,781.41 per annum as well as a peppercorn ground rent as the lease was extended to 189 years from 25th December 1985.
There is currently a tenant in situ paying £990 per calendar month, however in the current rental climate, could achieve a healthy 7.81% rental yield based on a rental figure of £1,100 per calendar month.
The Red Lion Court Development is just a short walk from a range of local amenities.
Residents enjoy easy access to both the Nuffield Health and Snap Fitness gym complexes, as well as Sainsbury's, Aldi, and Tesco Express for all shopping needs.
For entertainment, the Ace of Lanes bowling alley and a local cinema are right on your doorstep.
Bishops Stortford also boasts a cosmopolitan selection of eateries and a choice of traditional pubs, all within walking distance.
Bishops Stortford is an historic market town with a great deal to offer. It is strategically located close to Stansted Airport, equidistant between London and Cambridge.
The Red Lion Court Development is within close proximity to the mainline rail station which offers direct services to London Liverpool Street, Stansted Airport and Cambridge City Centre.
It has superb road and rail links; London Liverpool Street is 35 minutes away by Stansted Express and the M11 links into the M25 at junction 27 thereby giving easy access to all parts of the country.
Locally, the main bus routes are 510, 308, and 301 operating every 20 minutes covering routes to Stansted Airport, Cambridge, Takeley, Braintree, Harlow and Saffron Walden.
Call us today to book your viewing appointment!
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Red Lion Court, Bishop's Stortford, Hertfordshire, CM23
Explore nearby
