The Courtyard 5 London Rd 24 Unité Immeuble d’appartements 8 851 550 $ CAD (368 815 $ CAD/Unité) 6,04% Taux de capitalisation Bishop's Stortford CM23 5FR

Located in the heart of Bishop’s Stortford, The Courtyard presents a rare opportunity to acquire a fully-let, modern residential investment comprising 24 apartments. Completed in Spring 2021, the block spans approximately 10,521 sq ft and sits on a 0.401-acre gated site with parking for 22 vehicles. The scheme includes 23 one-bedroom units and a single two-bedroom apartment, all held on 250-year long leaseholds from August 2023, with the freehold interest also available.
The property generates a gross rental income of £347,400 per annum, with net income estimated at £305,712, reflecting a net initial yield of 6.04% after management fees and purchaser costs. Professionally managed and currently fully-let, the asset benefits from strong rental demand driven by its proximity to Stansted Airport and London, with Bishop’s Stortford station just 0.3 miles away offering direct services to Liverpool Street in 35 minutes.
Strategically positioned off London Road, the site enjoys excellent connectivity to regional centres including Harlow, Cambridge, and Chelmsford, and is less than 2 miles from the M11. The surrounding area offers a vibrant mix of national retailers and local amenities, enhancing tenant appeal. With planning permission secured for residential use and potential for asset management strategies such as piecemeal disposal or continued investment, this property offers both stability and upside.