3 bedroom terraced house for sale

A Rare Opportunity – Three Bedroom Semi-Detached Townhouse with Investment Potential

This unique semi-detached townhouse offers a versatile living arrangement and is part of an infill development that is otherwise comprised of flats. With its prime location near major transport links and amenities, this property provides both convenience and strong investment potential.

Building and Location:
- A traditionally constructed, multi-storey property featuring external faced rendering under a pitched tile roof.
- The property includes three parking spaces located directly in front of the house.
- Positioned at the entrance of the development, the property faces sideways onto Dunmow Road and is just steps away from the Hockerill Lights crossroads, connecting key routes to the A120, M11, and Stansted Airport.
- A short walk from Bishops Stortford Main Line Station and the town’s main shopping centre, this property is perfectly suited for commuters.
- Council Tax Band: D

Accommodation:
This flexible property is currently multi-let and comprises the following:
- Ground Floor: One lounge (currently used as a bedroom), fully fitted kitchen, and bathroom.
- First Floor: One double bedroom and one single bedroom.
- Second Floor: A self-contained studio room with en-suite and kitchenette.
- Basement: Large habitable space offering additional functionality.
 
Services:
- The property benefits from full mains services including gas central heating.

Lease Details:
- Lease Term: 125 years from 1st January 2006.
- Ground Rent: £275 per annum, doubling every 25 years.
- Annual Service Charge: Approx. £1,800 per annum (includes building insurance).

Rental Income:
This property is currently tenanted with a total monthly rental income of £2,880, broken down as follows:
- Ground Floor Bedroom/Lounge: £780pcm
- First Floor Double Bedroom: £750pcm
- First Floor Single Bedroom: £525pcm
- Second Floor Studio: £825pcm

This property offers a fantastic opportunity for both investors and homeowners alike, combining a highly desirable location with strong rental yields.

Disclaimer:
All information provided in this description is for general guidance only and does not constitute a contract or part of a contract. Interested parties are advised to independently verify all details, including but not limited to, lease terms, service charges, and rental income. Measurements and descriptions are approximate, and any prospective purchaser should satisfy themselves with a viewing or professional survey prior to making any financial commitment.

EPC RATING

The EPC rating for this home is E

COUNCIL TAX

The council tax band for this property is D