1-bedroom property · CM23 2XR
Sold STCListed 288 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Park lane Property Agents are delighted to offer this neutrally decorated retirement flat in the popular town of Bishop's Stortford, exclusively for over 60s.
The property is a one-bedroom retirement home flat, offering a practical layout and convenient setting close to the town centre.
Inside, the open-plan reception room provides a comfortable living and dining area, enhanced by a Juliette balcony that allows in fresh air and natural light.
The open-plan kitchen includes dining space, good natural light and integrated appliances, creating a straightforward area for everyday cooking and entertaining.
The double bedroom features built-in wardrobes, offering useful storage and a tidy feel.
Bishop's Stortford town centre is within easy reach, with a variety of shops, cafés and local amenities, as well as nearby parks and green spaces for pleasant walks.
The town is known for its selection of schools and community facilities, adding to the appeal of the wider area. Public transport links are a strong benefit here.
Bishop's Stortford railway station provides services to London Liverpool Street and Cambridge, making it practical for visiting family or days out, with journey times to London typically around 40-45 minutes.
There are also local bus services connecting surrounding neighbourhoods and nearby towns.
Overall, this one-bedroom retirement flat for sale offers a manageable home in a well-connected Bishop's Stortford location, with access to public transport, green spaces and town-centre amenities.
Communal Facilities: Residents Conservatory - Located on the first floor but has direct access to the attractive courtyard garden. Residents Lounge - Located on the first floor.
Used by residents for meetings and social events. Communal Gardens - The well maintained gardens surround the building and there are several seating areas.
Guest Suite - This is available for booking via the house manager at a cost of £15 per night. Laundry Room - Located on the ground floor.
There are two high quality washing machines and tumble dryers in this room plus ironing table and wash basin that can be used by visiting hairdressers.
Lease Details - The lease is for a period of 125 years commencing in 1988. Ground rent is £6.25 & service charge £377.31.
This includes buildings insurance, water rates, window cleaning, house managers costs, lighting, heating and maintenance of the communal areas and gardens.
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 Hockerill Street, Bishop's Stortford, Hertfordshire, CM23
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