Initial price	£625,000
18/04/25	£550,000
Price Change	-12.00%

This freehold detached 8-bedroom HMO is located in a popular residential area of Bishops Stortford, close to local amenities, leisure center, schools, and the town center. The property is fully let and has a regular income of £57,600 per annum, with each room rented out at £600 per month. The current tenants are long-standing, making it a relatively hands-off investment for a buyer. The property is situated in a low-flood-risk area and has good mobile phone coverage, broadband, and TV availability. The sale is being conducted through an unconditional online auction, with a buyer's fee of 4.8% of the purchase price and a deposit of 5% (subject to a minimum of £5,000). The property has a guide price and a reserve price, which will be within 10% of the guide price. Potential buyers are advised to make independent enquiries prior to placing a bid, as the sale will be binding.