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Kingfisher Way, Bishops Stortford

Key features

  • EPC Rating C

Description

An exceptional opportunity for serious property investors to acquire an established, fully licensed and professionally managed six-bedroom HMO in Bishop’s Stortford, offered as a genuine income-producing investment with 100% occupancy and tenants already in situ.

Please note: This property is being marketed strictly as an investment opportunity and is not being offered for purchase as a conventional family home.

Key Investment Highlights

- Established six-bedroom HMO
- Fully licensed
- 100% occupancy
- Sold as an ongoing concern with tenants in situ
- Income-producing investment from day one
- Three bedrooms with private en-suite facilities
- Additional shared bathroom
- Ground-floor WC
- Large, attractive communal kitchen
- Separate communal dining area
- Good condition throughout
- Professionally managed by Leaders
- Established rental history
- Gross Yield: 7.2%
- Popular location for professional tenants
- Excellent access to Bishop’s Stortford town centre and railway station
- Superb location for Stansted Airport employees and commuters
- Chain free
- Specialist HMO mortgage advice available

A Ready-Made Investment Opportunity

For investors looking to add an established HMO to their portfolio without starting from scratch, 2 Kingfisher Way represents a particularly compelling proposition.

The property has been successfully operated as a six-bedroom House of Multiple Occupation and is fully licensed, fully occupied and already generating rental income, providing the incoming purchaser with the opportunity to acquire an established investment rather than a vacant property requiring conversion, licensing and tenant sourcing.

Importantly, the property is being sold with the existing tenants in situ as an ongoing concern, allowing an investor to benefit from an income-producing asset from the outset, subject to the existing tenancy arrangements.

The current owner has enjoyed ownership of the property for a considerable period, and the accommodation has demonstrated itself to be a practical and financially effective HMO.

The property has also been professionally managed by Leaders, giving prospective purchasers the added benefit of an established management history and the opportunity to discuss continued professional management following completion.

The accommodation is specifically designed for the HMO Market. Internally, the accommodation is particularly well configured for multiple occupation.

There are six individual bedrooms, three of which benefit from their own private en-suite facilities, providing an attractive option for tenants looking for a higher standard of shared accommodation.

The remaining accommodation is supported by a shared bathroom, together with an additional ground-floor WC, helping provide ample facilities across the property.

A major feature is the large, well-fitted communal kitchen, providing generous facilities for multiple occupants. This is complemented by a communal dining area, creating genuine shared living space rather than simply a collection of individual rooms.

The property has been maintained in good condition throughout, helping make this a highly attractive proposition for an investor seeking an established asset rather than an extensive refurbishment project.

Why Bishop’s Stortford Works for HMO Investment

Bishop’s Stortford has long been regarded as one of the area's most desirable and strategically positioned commuter towns, and its combination of employment, transport and lifestyle amenities makes it particularly attractive to the professional rental market.

The town benefits from excellent railway connections towards London Liverpool Street, Stansted Airport and Cambridge, while its proximity to the M11 provides further road connectivity.

For HMO investors in particular, the proximity of London Stansted Airport represents an important advantage. The airport and surrounding businesses provide substantial employment, helping create a broad potential tenant base including airport employees and professionals requiring convenient accommodation with good transport connections.

Bishop’s Stortford also attracts London commuters and those working elsewhere along the rail corridor, helping diversify potential tenant demand rather than making the investment dependent upon one employment sector.

Excellent Position for Tenants

Kingfisher Way is particularly well positioned for the requirements of professional tenants.

Bishop’s Stortford town centre and railway station are within walking distance, while local bus services provide further connectivity, including links towards Stansted Airport.

The nearby Hockerill Street area offers a selection of restaurants, cafés and amenities, while the town centre provides a comprehensive range of shops, leisure facilities and everyday services.

For tenants looking to exercise or enjoy outdoor space, the town's attractive parks and recreational areas are also readily accessible.

It is this combination of transport, employment opportunities, town-centre amenities and quality of life that makes Bishop’s Stortford such an attractive proposition for the professional rental market.

Strong Future Letting Potential

The property currently enjoys 100% occupancy, demonstrating its existing appeal within the local market.

Bishop’s Stortford has traditionally generated strong demand for good-quality rental accommodation, and Leaders continues to deal with applicants seeking accommodation within the town and surrounding area.

Consequently, should individual rooms become available in the future, we believe the property's location, configuration and accessibility should place it in a strong position to attract replacement tenants, subject of course to prevailing market conditions at that time.

For an investor, this combination of an established HMO operation, existing occupants and a location supported by multiple sources of tenant demand is particularly appealing.

An Investment Generating Income From Day One

What separates 2 Kingfisher Way from a conventional buy-to-let opportunity is that much of the work involved in establishing an HMO investment has already been undertaken.

The property is licensed, occupied, professionally managed and established, with an existing rental income stream.

Gross Yield: 7.2%

For experienced HMO landlords, this represents an opportunity to add an established property to an existing portfolio. Equally, purchasers entering the HMO market may appreciate acquiring an existing operation rather than undertaking a conversion from a conventional residential dwelling.

The property is offered chain free, further enhancing its investment credentials.

For purchasers requiring specialist funding, HMO mortgage advice is available through our mortgage advisers, who can discuss the different financing options potentially available, subject to individual circumstances and lending criteria.

Investment Viewing Recommended

2 Kingfisher Way is offered strictly as an investment property and ongoing HMO concern with tenants in situ. It is not being marketed as a conventional family residence.

With six bedrooms, three en-suites, full HMO licensing, 100% occupancy, established professional management and an excellent Bishop’s Stortford location, this is an opportunity for investors seeking an established income-producing asset in one of the region's most strategically located rental markets.

Room Rents

Room 1 - £500
Room 2 - £700
Room 3 - £450
Room 4 - £550
Room 5 - £650
Room 6 - £600

Early enquiries from buy-to-let and HMO investors are strongly encouraged.

Dining room

14.64 x 7.38

Kitchen

18.13 x 7.82

Room 1

9.88 x 8.77

Room 2

15.53 x 8.16

Room 3

9.72 x 8.21

Room 4

11.73 x 10.40

Room 5

10.25 x 8.25

Room 6

11.72 x 11.38

Room 6 extra room

8.49 x 7.13

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: D
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Kingfisher Way, Bishops Stortford

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Affordability

Monthly repayments£2,785
Property: £ 575,000
Deposit: £ 57,500
Interest rate: 5.02%
Term: 30 years
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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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About Leaders Sales, Bishop Stortford

29 North Street, Bishop's Stortford CM23 2LD

Welcome to Leaders in Bishop Stortford

Leaders is one of the UK's largest and most-established independent estate and lettings agencies. With a network of over 120 branches, Leaders provides its customers and clients with a comprehensive range of property services including:

residential sales, lettings and property management, financial advice, conveyancing, surveys and valuations and land and new homes, meaning our clients and customers can achieve all their property solutions 'Under One Roof'.

Whether you are buying, selling, renting or letting, Leaders prides itself on delivering a market-leading service, thanks to its experienced staff. With professional membership of ARLA, NAEA and The Property Ombudsman, our customers can rest assured that Leaders' services are delivered with the highest possible standards, by qualified property professionals.

Leaders' sales teams are well-versed in the current property market, staying up-to-date with the latest property news and economics. From providing a free, accurate valuation of your home to marketing your property with professional photography and floorplans, Leaders can be trusted to handle the sale of your home with knowledge, professionalism and a personable approach.

Whether you're a first-time or accidental landlord, or a seasoned property investor, Leaders' extensive range of lettings and property management services are there to cater to each individual. From expert buy-to-let advice and finding the right investment property, to securing reliable tenants and maximising your return, you can rely on us to provide a personal and bespoke service. New to the rental market? Leaders' monthly property insights are prepared by our property experts and offer you honest, reliable and up-to-date advice on all things property.

To find out how Leaders can help you to achieve the best results, whether buying, selling, renting or letting your home, contact your local branch today.

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Disclaimer - Property reference HLW260106. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Leaders Sales, Bishop Stortford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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