1 bedroom retirement property for sale

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1 bedroom retirement property for sale

Flat 36 Castle View, Hockerill Street, Bishop's Stortford, Hertfordshire, CM23 2XR
£70,000

Our Summary

  • FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 4TH DECEMBER AT 12PM NOON

Description

This one-bedroom leasehold retirement flat is being sold by public auction on December 4th and is currently rented on an annual assured shorthold tenancy for £10,500 per annum, providing a yield of over 15% of the guide price. The flat, located on the third floor, offers views over Bishop's Stortford's Castle Park/Sworders field and has a total floor area of 323 square feet. The property is leasehold for 125 years from 1988, with 88 years remaining, and the annual service charge and ground rent is £3,313.68. The current tenant pays £875 per month, and the property is only available to occupants aged 60 and over.
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