Property for sale
£3,300,000
Property description
Positioned in the heart of Bishop's Stortford overlooking the river and moments from the main line train station is this former shopping centre with a large backyard occupying c1.1 acres. Due to the close proximity to Stansted airport and the areas status as one of the most affluent in the country we see immense potential with this site.
Our client has planning consent for a 72 room hotel, c500 sq m of retail space and 70 parking spaces overlooking the River Stort. They also believe that they could improve on this planning at a later date (subject to necessary consents) by adding c10 self contained flats or c18 rooms in the pitched loft space of the development. Other investment and development opportunities are available at
For more information about this property, please contact
In London Properties, NW6 on 020 3318 6973 (local rate)
This freehold property, located in South Street, Bishop's Stortford, Hertfordshire CM23 is listed for sale for £3,300,000 . The current asking price is 770% higher than the average current value for properties on South Street which is £379,270. There have been 8 property sales on South Street in the last 3 years, with sold house prices averaging £116,312.
£299,628 £428,152 £275,733 £219,751 £162,349
stats for
£1,852 (-0.61%) £9,468 (-3.06%) £2,417 (-0.80%) £8,547 (-2.77%) £23,723 (8.60%) £28,051 (-8.56%) £21,139 (-6.59%)
from
Property value data/graphs for CM23
| Property type | Avg. current value | Avg. £ per sq ft. | Avg. # beds | Avg. £ paid (last 12m) |
|---|---|---|---|---|
| Detached | £428,152 | £267 | 4.0 | £461,179 |
| Semi-detached | £275,733 | £280 | 3.2 | £263,719 |
| Terraced | £219,751 | £255 | 2.6 | £217,270 |
| Flats | £162,349 | £230 | 1.8 | £171,449 |
Current asking prices in CM23
| Property type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
|---|---|---|---|---|---|
| Houses |
£165,498 (2) |
£227,233 (29) |
£284,510 (32) |
£470,471 (36) |
£720,234 (17) |
| Flats |
£126,725 (26) |
£208,930 (22) |
£324,950 (1) |
- | - |
| All |
£129,494 (28) |
£219,337 (51) |
£285,735 (33) |
£470,471 (36) |
£720,234 (17) |
Current asking rents in CM23
| Property type | 1 bed | 2 beds | 3 beds | 4 beds | 5 beds |
|---|---|---|---|---|---|
| Houses |
£539 pcm (10) |
£824 pcm (13) |
£1,178 pcm (5) |
£1,486 pcm (8) |
£2,312 pcm (7) |
| Flats |
£611 pcm (9) |
£875 pcm (6) |
£1,452 pcm (1) |
- | - |
| All |
£573 pcm (19) |
£840 pcm (19) |
£1,224 pcm (6) |
£1,486 pcm (8) |
£2,312 pcm (7) |
Fun facts for CM23
| Highest value streets | Zed-Index What is the Zed-Index |
|---|---|
| Thorn Grove | £943,576 |
| Avenue Road | £829,002 |
| Maple Avenue | £822,375 |
| Hassobury | £801,287 |
| Thrimley Lane | £739,233 |
| Highest turnover streets | Turnover What is Turnover? |
|---|---|
| Stansted Road | 53.6% |
| Princes Gate | 47.1% |
| Sweet Briar | 45.5% |
| Crozier Avenue | 45.2% |
| Honeysuckle Close | 44.4% |
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