5 bedroom detached house
Grosvenor Close, Bishop's Stortford, CM23
£699,000
Added on: 20th January 2025 (53 days on market)Property features
Area research for CM23
Sales (Past 12 months)
| Avg asking price | Avg sold price | Asking to sold price % Percentage of sold price to asking price. A lower percentage indicates more of a buyer's market, i.e. lower demand. A higher percentage indicates a sellers market, i.e. demand is higher and pushing prices up. | Avg £/sqft | Sales per month |
|---|---|---|---|---|
| £535,818 | £279,937 | 52.2% | £288 | 31 |
Rentals
| Avg asking rent pm | Avg yield |
|---|---|
| £1,282 | 5% |
Growth
| 1 year | 3 year | 5 year |
|---|---|---|
| -75.4% | -78% | -63.8% |
Comparables for
bedroom within miles
of Grosvenor Close, Bishop's Stortford, CM23
(REF:LK01) Generously Proportioned 5-Bedroom Detached Home in Thorley Park
This impressive five-bedroom detached home is perfectly positioned just a stone's throw from the cricket green and the serene Southern Country Park. Offering an idyllic setting for families, the property benefits from access to excellent local schools and a host of amenities.
Key Features:
Five Spacious Bedrooms: The primary bedroom boasts an ensuite shower room, complemented by an additional family bathroom for the remaining bedrooms.
Generous Ground Floor Space: Featuring a large kitchen and dining area, a walk-through utility room, and two versatile reception rooms, ideal for family living and entertaining.
Outdoor Living: The extensive garden is thoughtfully divided into two distinct areas, perfect for relaxation, play, or gardening.
Parking & Storage: A private garage and off-street parking for three vehicles provide convenience and practicality.
Prime Location:
The property is within walking distance of the town centre, home to a variety of independent eateries, shops, and essential amenities. For commuters, the mainline station offers direct services to both Cambridge and London.
This beautiful home combines generous living space with a prime location, offering the perfect balance of tranquillity and accessibility. Don’t miss the opportunity to make it yours!
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Rental type
Indicative return
| Monthly cashflow Cashflow is the amount of income left after all costs are paid. | £567 |
| Return on investment Return on investment (ROI) is how much profit is made as a percentage of the initial cost on a yearly basis. The percentage ROI is the net profit divided by the total initial investment. Higher is better | 3.16% |
| Rental yield Rental yield is annual rental income expressed as a percentage of the total property value. Rental yield can be used as a benchmark figure when comparing buy-to-let properties. | 5.42% |
Investment
| Purchase price (95% asking price) | £ |
| Mortgage deposit (25%) | £ |
| Stamp Duty Land Tax | £43,124 |
| Legal, professional and sourcing fee | £ |
| Development and refurb | £ |
| Furniture and furnishings | £ |
| Total investment | £215,637 |
Income
| Number of bedrooms | |
| Rent per room | £ |
| Total monthly rental income | £3,000 |
Costs
| Mortgage interest rate | % |
| Monthly mortgage payments (Interest only) | £2,075 |
| Service charges / Utilities | £ |
| Letting fees | £ |
| Corporation tax This assumes you will be buying via an SPV (a Special Purpose Vehicle) 19% of income less costs | £133 |
| Total monthly costs | £2,433 |
Activity log
| 27th February 2025 (14 days ago) | Status: Sold STC |
| 31st January 2025 (a month ago) | Price: £699,000 |
| 21st January 2025 (2 months ago) | Price: £725,000 |
| 21st January 2025 (2 months ago) | Status: For sale |
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