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Bishops Avenue, Bishop's Stortford, CM23 - Image 1
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Bishops Avenue, Bishop's Stortford, CM23

East of England

£475,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1436 sqft

Description

This semi-detached house presents a unique opportunity for renovation and investment, with ample potential for extension at the rear, side, and into the loft, subject to necessary planning permissions. Located in a quiet neighborhood characterized by limited traffic, the property benefits from wide access roads and plentiful roadside parking, alongside its own driveway. The long-term residents of the area highlight the community's appeal. The interior features a spacious through lounge that flows into the kitchen, providing a functional layout ideal for customization. With three bedrooms — two generously sized doubles with built-in wardrobes and a single room — there’s also flexibility for optimization. Towards the back of the house, two large rooms currently serve as a dining space and utility area, offering multiple possibilities; they could easily be transformed into an additional bedroom, playroom, or home office. Upstairs features a wet room bathroom, while downstairs includes a sizable garage housing a relatively new boiler (only two years old) along with central heating throughout. The property has also been upgraded with roof and wall insulation to enhance energy efficiency. On the exterior, you'll find an inviting front driveway accommodating multiple vehicles and a sizeable rear garden that is divided into two levels with side access to the garage. The location is advantageous for families and commuters alike; it is within walking distance to Bishop's Stortford Town Centre and close to several reputable schools including Herts and Essex High School. Nearby parks add recreational opportunities, while transport links are excellent — just a short distance from Bishop's Stortford train station providing direct services to London Liverpool Street in approximately 40 minutes as well as connections to Cambridge and Stansted Airport. This property not only offers immediate livability but also significant potential for enhancement, making it an attractive prospect for anyone looking to invest in future value through thoughtful renovations.

Investment Analysis

(CM23 area)

Below Market Value

This property is priced -27.4% below area average per sq ft

-27.4%
Potential saving
This Property
£331/sq ft
Area Average
£456/sq ft
Avg Rent (weekly)
£329
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£720,140
10% above area average per sq ft
Potential ROI
+37.2%
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

Bishops Avenue, Bishop's Stortford, 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