1 bed flat for sale

South Street, Bishop's Stortford CM23

Summary

Park Lane Property Agents this one-bedroom retirement home is offered **for sale** via Secure Sale Online Bidding, with starting bids from 225,000. Situated in a town centre location in Bishop's Stortford and exclusively for over 55s, it forms part of a purpose-built retirement development designed to support independent living with communal facilities and on-site management.

The property is neutrally decorated throughout and features a large living room with French doors opening onto a Juliet balcony, providing pleasant views over the communal gardens. The open-plan reception space includes built-in storage and a fireplace, creating a practical and comfortable main living area.

The separate kitchen benefits from natural light and is fitted with integral appliances and built-in pantries, offering organised storage and ease of use. The double bedroom includes built-in wardrobes, maximising floor space and providing ample storage. The shower room is fitted with a rain shower and heated towel rail.

Residents have access to communal gardens, providing outdoor seating areas and well-tended shared green space. There is also a communal lounge and kitchen, with regular social events organised for residents, supporting a sociable community environment. A lodge manager is available five days a week, and a guest suite is available for visiting friends and family, bookable in advance and subject to availability and applicable charges.

The apartment is located in Bishop's Stortford town centre, within walking distance of local shops, cafs, restaurants and everyday amenities along the high street and in nearby retail areas. The location also offers straightforward access to medical services, pharmacies and other essential facilities commonly found in the town centre.

Public transport links are a particular asset. Bishop's Stortford railway station is within walking distance, offering direct services to London Liverpool Street and Cambridge. Typical journey times are around 40-45 minutes to London Liverpool Street and approximately 30-40 minutes to Cambridge, making the development suitable for those who wish to visit family or travel into the city. The property is also on a main bus route, providing regular services to surrounding neighbourhoods and nearby towns.

Bishop's Stortford offers several green spaces and riverside walks, as well as a selection of cafs and local independent shops, adding to the convenience of this central location for day-to-day living. This neutrally decorated one-bedroom retirement flat represents an accessible option for over 55s seeking a town centre retirement home with communal amenities and established transport links. Service Charge (Year Ending 31st May 2027): 3,271.43 per annum

Ground rent 718.40 per annum. To be reviewed in May 2029

Council Tax Band: C

125 year Lease commencing 2015

Service charges include: Careline system, buildings insurance, water and sewerage rates, Air Source Heating, communal cleaning, utilities and maintenance, garden maintenance, lift maintenance, lodge manager and a contribution to the contingency fund.

For sale through Pattinson Auction under Conditional Terms.
Council Tax Band: C
Tenure: Leasehold
Length of Lease: 114
Annual Ground Rent Amount: 718.00
Annual Service Charge Amount: 3,271.00

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.