1-bedroom house · CM23 3FN
Listing removedListed 130 days
Opportunity summary
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About
**ONE BEDROOM SECOND FLOOR RETIREMENT APARTMENT WITH BALCONY** Churchill Sales & Lettings are delighted to be marketing this lovely one bedroom apartment located in the popular development of Nicholls Lodge!
The property offers lovely views over the River Stort and is South-East facing. The Living Room offers ample space for living and dining room furniture.
A French door opens to a sunny private balcony, and windows provide lots of natural light.
The Kitchen is accessed via the Living Room and offers a range of modern eye and base level units with working surfaces over and tiled splashbacks.
There is a built-in waist-height oven, 4-ring electric hob with extractor hood over, a fridge and freezer. A window provides light and ventilation.
The Bedroom is a good-sized double room with a built-in mirrored wardrobe. There is plenty of space for additional bedroom furniture if required and a window keeps this lovely bedroom bright and airy.
The Shower Room offers a curved shower with handrail, a WC and wash basin with vanity unit beneath and a heated towel rail.
Perfectly complementing this wonderful apartment is a useful walk-in storage cupboard located in the hallway. Call us today to book your viewing!
Nicholls Lodge is located in the market town of Bishop’s Stortford which has numerous historical buildings including The Corn Exchange, the Museum and the remains of the Motte and Bailey Waytermore Castle.
The development is located close to the River Stort in South Street which has a good selection of eateries, hairdressers and clothes shops as well as a doctor’s surgery and pharmacies, and is about a 5 minute walk to Jackson Square which has a supermarket, shops and cafes.
There is a good selection of other shops, eateries and a farmer’s market within the town.
Train services from the town include services to London, Cambridge, Stratford and Stansted Airport and there are good services to many places of interest with local buses and national coach services.
The Lodge manager is on hand throughout the day to support the Owners and keep the development in perfect shape. A Guest Suite is available for your friends and family to stay in.
In addition, you are entitled to use the Guest Suites at all Churchill Living developments across the country. Prices are available from the Lodge Manager.
Nicholls Lodge has been designed with safety and security at the forefront.
The apartment has an emergency Careline system installed, monitored by the onsite Lodge Manager during the day and 24 hours, 365 days a year by the Careline team.
Careline integrated intruder alarm, secure entry system and sophisticated fire and smoke detection systems throughout both the apartment and communal areas provide unrivalled peace of mind.
Nicholls Lodge is managed by the award winning Churchill Estates Management working closely with Churchill Living and Churchill Sales & Lettings to maintain the highest standards of maintenance and service for every lodge and owner.
Nicholls Lodge requires at least one apartment resident to be over the age of 60 with any second resident over the age of 55.
Service Charge (Year Ending 31st May 2027): £3,271.43 per annum Ground rent £718.40 per annum.
To be reviewed in May 2029 Council Tax Band: C 125 year Lease commencing 2015 Please check regarding Pets with Churchill Estates Management.
Any consents given in relation to pets are subject to the terms of the lease and any further rules and regulations made by Churchill Estates Management.
Service charges include: Careline system, buildings insurance, water and sewerage rates, Air Source Heating, communal cleaning, utilities and maintenance, garden maintenance, lift maintenance, lodge manager and a contribution to the contingency fund.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 Nicholls Lodge, Bishop's Stortford, Hertfordshire
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