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See how verdicts work2-bedroom flat · CM23 3FS
Sold STCListed 261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and airy luxury apartment located within easy walking distance of the mainline railway station and town centre.
The property was designed and built by Weston Homes and is finished to a high standard throughout.
Internally this stylish property comprises: Spacious entrance hallway with walk in storage cupboard and security entry phone system, open plan living area with a fitted kitchen area; two double bedrooms, with an en-suite to the principal bedroom and an additional family bathroom.
The principal bedroom also benefits from fitted wardrobes. The property further benefits from UPVC double glazing and gas fired central heating.
Externally there is an allocated covered carport with additional visitors parking and use of the riverside communal gardens.
Russell Property have not had sight of the lease; however, we understand from that there are 121 years remaining ; the maintenance charge to be approximately £177 per month and ground rent of £350 per annum.
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
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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.
Area
Agent & docs
FAQ
About River View, Bishop's Stortford, Hertfordshire, CM23
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