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Rye Street, Bishops Stortford, Hertfordshire, CM23 - Image 1
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Rye Street, Bishops Stortford, Hertfordshire, CM23 - Image 3
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Rye Street, Bishops Stortford, Hertfordshire, CM23 - Image 5
Rye Street, Bishops Stortford, Hertfordshire, CM23 - Image 6
Rye Street, Bishops Stortford, Hertfordshire, CM23 - Image 7
Rye Street, Bishops Stortford, Hertfordshire, CM23 - Image 8
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Rye Street, Bishops Stortford, Hertfordshire, CM23

East of England

£475,000
Listed on 01/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
936 sqft

Description

This three-bedroom detached bungalow presents a noteworthy refurbishment opportunity, conveniently located within walking distance of the town center and essential amenities, including schools and a mainline station. The property requires comprehensive modernisation and offers significant investment potential, notably with previous planning approval to replace it with a terrace of three townhouses under East Herts planning reference 3/16/2231/FUL. The current layout features an entrance lobby, dining room, sitting room, kitchen, three bedrooms, a bathroom, and a separate WC. Externally, the property boasts a tiered front garden leading to the entrance, along with side driveway parking for one to two vehicles and access to a garage. The expansive rear garden spans approximately 50ft by 60ft across multiple levels, providing ample space for landscaping or potential development. Bishop’s Stortford is an attractive market town offering diverse shopping and leisure facilities alongside excellent transport links to London and beyond through both the mainline station and nearby M11 access.

Investment Analysis

(CM23 area)

Above Market Value

This property is priced +11.3% above area average per sq ft

+11.3%
This Property
£507/sq ft
Area Average
£456/sq ft
Avg Rent (weekly)
£329
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£469,395
10% above area average per sq ft
Potential ROI
-12.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CM23)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -2.6%
5 year growth: 9.0%
Investment Disclaimer: Analysis based on CM23 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Rye Street, Bishops Stortford, Hertfordshire, CM23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE