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Rye Street, Bishops Stortford, Hertfordshire CM23 - Image 1
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Rye Street, Bishops Stortford, Hertfordshire CM23 - Image 3

Rye Street, Bishops Stortford, Hertfordshire CM23

East of England

£475,000
Listed on 15/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
936 sqft

Description

This three-bedroom detached bungalow presents a significant refurbishment opportunity within a short walk to the town centre, mainline station, and top-rated local schools. The property is ripe for modernisation and has previously received planning consent to demolish the existing structure in favour of constructing a terrace of three townhouses (East Herts planning reference 3/16/2231/ful). The current configuration features an entrance lobby, dining room, sitting room, kitchen, three bedrooms, a bathroom, and a separate WC. Outside, you'll find a tiered front garden with steps leading up to the main entrance. A side driveway accommodates parking for one to two vehicles and provides access to the garage. The rear garden spans several levels, measuring approximately 50ft in length and 60ft in width, predominantly laid to lawn with a seating area toward the rear complemented by external storage. Located in Bishop’s Stortford—an appealing market town alongside the River Stort—this property benefits from excellent amenities including shopping venues, educational options such as Bishop’s Stortford College, recreational facilities like golf courses and swimming pools, as well as easy access to transport links including the M11 motorway and Stansted Airport just four miles away.

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)
£337
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£469,343
10% above area average per sq ft
Potential ROI
-21.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (CM23)

Area prices are stable by -0.8% over the last 12 months
3 year growth: -4.7%
5 year growth: +4.6%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,713
Based on a loan of £356,250 over 30 years at 4.06% 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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