2-bedroom flat · IP23 7AJ
For saleListed 28 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
IN SUMMARY NO CHAIN! WELCOME TO THIS SPACIOUS AND VERSATILE TWO BEDROOM GROUND FLOOR FLAT, ideally positioned in the HEART OF THE TOWN CENTRE and close to a convenient local bus route.
Step inside to discover TWO GENEROUS DOUBLE BEDROOMS, both offering ample space for relaxation and storage, perfect for sharers or those seeking a guest room or home office.
The property features a LARGE KITCHEN/DINER WITH PLENTY OF STORAGE, providing abundant cupboard and worktop space for culinary enthusiasts, and a SEPARATE SITTING ROOM (ideal for entertaining or unwinding in comfort).
A LARGE SHOWER ROOM with basin and WC completes the interior.
The property’s layout flows beautifully from the welcoming sitting room to each principal room, ensuring a sense of privacy and ease of living throughout.
With its TOWN CENTRE LOCATION, you are perfectly placed for shops, cafes, and transport links, making this an IDEAL FIRST HOME, DOWNSIZE, OR INVESTMENT OPPORTUNITY.
To the rear of the bock you will also find a single garage providing the ideal spot for storage or parking a car off road.
SETTING THE SCENE The apartment block can be found on Magdalen Street in the heart of Eye.
The main front door leads to a communal hallway with the door to the apartment found on the right as you enter.
The parking area and garages can be found to the rear with a single garage owned by the apartment.
THE GRAND TOUR Entering via the main entrance door to the front you enter into the main sitting room with a window to the front and a feature fireplace.
A door leads through to the inner hallway with access to all further rooms. The second bedroom is found to the front with space for a double bed and plenty of natural light.
The shower room is spacious with a double shower, w/c and hand wash basin. The main bedroom is located to the rear. The kitchen/diner is the final room with space for a dining table.
The kitchen offers a range of wall and base level units with rolled edge worktops over and integrated oven and grill as well as electric hob and space undercounter for white goods.
There is also a fitted airing cupboard. FIND US Postcode : IP23 7AJ What3Words : ///longingly.paint.tapes VIRTUAL TOUR View our virtual tour for a full 360 degree of the interior of the property.
AGENTS NOTES Buyers are advised the flat is held on a leasehold basis with a 1/6 share of the freehold of the building. The lease is 999 years from conversion in 1978.
There is a service charge in place for £40 pcm which includes buildings insurance.
EPC Rating: F Garden THE GREAT OUTDOORS - Although there is no private outside space with this property, there is a Garage to the rear with an up and over door, suitable for a vehicle or extra storage.
Behind the Garages is open green space. There is also access to a communal basement.
Disclaimer Anti-Money Laundering (AML) Fee Statement: To comply with HMRC's regulations on Anti-Money Laundering (AML), we are legally required to conduct AML checks on every purchaser once a sale is agreed.
We use a government-approved electronic identity verification service to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (DIATF).
The cost of anti-money laundering (AML) checks are £50 including VAT per person, payable in advance after an offer has been accepted.
This fee is mandatory to comply with HMRC regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
General Disclaimer: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Magdalen Street, Eye
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