2-bedroom flat · CM23 3YS
For saleListed 49 days
Opportunity summary
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About
Guide price £260 - 280,000 Located within the ever-popular Wharf Place development, just a short walk from Bishop’s Stortford train station and less than 10 minutes on foot into the bustling town centre, this spacious two-bedroom first-floor apartment offers an excellent opportunity for both first-time buyers and buy-to-let investors alike.
Positioned alongside the river, the development enjoys a pleasant setting whilst still being conveniently placed for commuters, local shops, restaurants, and everyday amenities.
The property itself has recently benefited from improvements to the kitchen, including refreshed work surfaces and cosmetic updating, helping to create a clean and modern feel throughout.
Offering well-proportioned accommodation, allocated parking, visitors’ parking, and being sold chain-free, the property represents a straightforward purchase with strong long-term appeal.
Currently let to what the owners describe as an excellent set of long-term tenants paying £1,350 per calendar month, the property presents an ideal turnkey investment opportunity for landlords seeking a well-located purchase with immediate rental income.
The tenants have maintained the property to a good standard and have a strong track record of paying rent on time, offering reassurance for investors looking for a smooth and hassle-free addition to their portfolio.
Equally, the apartment would still appeal to first-time buyers seeking a spacious home within walking distance of the station and thriving town centre, making this a versatile purchase in one of Bishop’s Stortford’s most convenient riverside locations.
Accommodation Entrance Hall Access to storage cupboard, ceiling light point, doors leading to all rooms.
Bathroom – 6’5.5 x 6’10 Fitted with a bath incorporating shower attachment, pedestal wash hand basin and low-level WC. Ceiling light point.
Bedroom Two – 8’8.9 x 8’3 Good-sized single room with ceiling light point and double-glazed window to side aspect.
Bedroom One – 13’3 x 12’7.9 Good-sized double bedroom with double-glazed window to side aspect and ceiling light point.
Lounge/Diner – 11’6 x 15’8 plus balcony Spacious reception room with ceiling light point, double-glazed window to side aspect and door leading onto balcony overlooking the river to the rear, creating an attractive riverside outlook.
Kitchen – 8’1 x 9’7 Comprising a range of wall and base units with work surface areas, double-glazed window to rear aspect, ceiling light point, space for appliances and appliances included within the sale price.
Additional Benefits The property benefits from an allocated parking space along with five visitors’ bays within the development.The Length of lease remaining is 98 years.
Wharf Place is ideally positioned for commuters, being less than a five-minute walk from Bishop’s Stortford mainline railway station with direct links into London Liverpool Street and Cambridge.
The property is also conveniently located on main bus routes serving the town centre, Sawbridgeworth and Stansted Airport.
Offered chain-free, the property combines convenience, investment potential and riverside living within one of Bishop’s Stortford’s most accessible locations.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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FAQ
About 5, Wharf Place, Bishops Stortford
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