66 Cavell Drive, Bishop's Stortford, Hertfordshire, CM23 5PX

Description

A three-bedroom split level maisonette ideally located for access to Bishop's Stortford railway station, which profits from direct links into Liverpool Street, London. Herts and Essex School, Hockerill Anglo-European College and the town centre are also easily accessible. Key features include a modern kitchen and bathroom, a garage, close proximity to the railway station and town centre, and easy access to Stansted Airport.

Accommodation

Ground Floor: Entrance door, bedroom and staircase leading to further accommodation. First Floor: Hallway, living/dining room, kitchen, two bedrooms and bathroom with W.C.

Location

Ideally located for access to Bishop's Stortford railway station, with direct links into Liverpool Street, London. Herts and Essex School, Hockerill Anglo-European College and the town centre are also easily accessible. Easy access to Stansted Airport.

Tenure / Property Information

Investment Analysis

The five supplied Land Registry comparables on Cavell Drive range from £180,000 to £285,000. The most recent sales were £180,000 in July 2025, £252,750 in March 2025 and £251,000 in December 2024. Although property-specific details are unavailable, the subject is also a three-bedroom leasehold maisonette with a garage, modern kitchen and bathroom, and vacant possession. A base GDV of £252,750 is used, with a low scenario of £217,500 and high scenario of £285,000 based on the supplied comparable range. The £210,000 guide is below base GDV, but auction fees, lease terms, condition and any required works remain unquantified.

Investment Snapshot

Strategy Recommendation

Proceed only if legal review confirms acceptable lease, ground-rent and repair liabilities, and bidding remains sufficiently below the supported GDV after all auction and transaction costs. Obtain a local maisonette rent assessment before considering BTL or BRRR.

Works Required

No specific defects or refurbishment requirements are evidenced. The stated modern kitchen and bathroom suggest no clearly supported immediate works allowance. Confirm condition, garage title/rights, lease documentation and any communal repair liabilities before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £210,000 guide, the property is approximately £42,750 below the base GDV estimate before works, fees, finance and taxes. A 75% refinance of the base GDV is estimated at £189,562.50, but cash left in cannot be calculated because total acquisition and works costs are unsupported. Refinanceability will also depend on lender treatment of the leasehold terms, ground rent and property condition.

Buy-to-Let Analysis

A BTL assessment cannot be reliably completed because the supplied rents are for broader property categories and locations: £825 pcm for three-bedroom houses in Bishop's Avenue and £1,850 pcm for detached houses in Bishop's Stortford. Neither is a supported achieved or asking rent for this maisonette. Ground rent is £300 per annum, and auction, finance, tax and other purchase costs are not quantified.

Flip Analysis

Using the base GDV of £252,750, there is a gross difference of £42,750 above the £210,000 guide before auction fees, selling costs, finance, taxes and works. A reliable flip surplus cannot be calculated because these costs are not supplied and refurbishment requirements are unknown.

Investor Risks & Due Diligence

• The supplied rental evidence is not directly comparable to this three-bedroom maisonette, so rental income and yield cannot be established.

• Auction administration and other non-optional fees may be payable but are not quantified.

• The £300 per annum ground rent and remaining lease terms require legal and lender review.

• Property-specific condition and any required works are not evidenced.

• The comparable sales range is wide, from £180,000 to £285,000, with limited specification detail.

• Selling, finance, Stamp Duty and Land Registry costs are not quantified.

Recommendation

Proceed only if legal review confirms acceptable lease, ground-rent and repair liabilities, and bidding remains sufficiently below the supported GDV after all auction and transaction costs. Obtain a local maisonette rent assessment before considering BTL or BRRR.

Strategy Rating

Analysis Confidence

There are five same-street completed sales and clear tenure, occupancy and headline property details, but comparable property specifications, rental evidence, condition, buyer fees, selling costs and refurbishment requirements are incomplete.