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2 bedroom apartment for sale
Knights Row, Waytemore Road, Bishop's Stortford, Hertfordshire
£265,000
Knights Row, Waytemore Road, Bishop's Stortford, Hertfordshire
£265,000
Our Summary
- The property offers an excellent investment opportunity, currently achieving a rental income of £1,300pcm per calendar month with a tenant in place under an assured short hold tenancy until 3rd November 2024
Description
This 2-bedroom ground floor apartment in Knights Rows, Bishop's Stortford, offers an excellent investment opportunity with a current rental income of £1,300 per month under an assured short hold tenancy until 2024. The property has a lease of approximately 107 years remaining and a modest service charge of £790.08 per annum, resulting in a gross rental yield of 5.89% and a net rental yield of 5.59%. The apartment features 2 double bedrooms, a family bathroom, kitchen, and living/dining room with patio access and communal garden, as well as a private storage shed and allocated parking. While the lease length and service charge details have been advised, prospective buyers are encouraged to verify these independently.