2-bedroom flat · CB8 7FP
Sold STCListed 48 days
Opportunity summary
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About
A superbly presented 2-bedroom ground-floor apartment forming part of an attractive gated development comprising a converted period building alongside a diverse mix of modern apartments and townhouses.
Situated in a sought-after location within walking distance of the High Street and horse racing gallops, the property is offered with no onward chain and benefits from an open-plan fitted kitchen/living area, en-suite shower room, a separate bathroom, communal gardens and dedicated parking.
Location Newmarket renowned as the British Headquarters of horse racing offers an interesting and varied range of local shops and amenities.
These include the National Horse Racing Museum, an open air market, hotels, restaurants and modern leisure facilities.
There is a regular railway service to London’s Kings Cross and Liverpool Street stations via Cambridge.
An excellent road network links the region’s principal centres, including the University City of Cambridge and the historic market town of Bury St Edmunds, both approximately 13 miles from Newmarket.
Accommodation Communal hallway Shared with the adjoining apartments with a glazed entrance door and stairs leading up to the first and second floor apartments.
Entrance hall with a built in storage cupboard, wood effect flooring and recessed ceiling lighting.
Open plan living room and dining area with wood effect flooring, recessed ceiling lighting and a pair of French doors leading to the front courtyard.
Kitchen open plan with the living area and with a range of modern fitted base and wall mounted units, worktops with recessed sink and drainer, integrated eye level oven and grill, 4 burner gas hob with stainless steel splash back and extractor hood over, integrated fridge and freezer, under unit lighting, breakfast bar, cupboard housing a gas fired combination boiler, wood effect flooring and recessed ceiling lighting.
Bedroom 1 with a built in wardrobe. Ensuite shower room with a walk-in tiled shower cubicle, hand basin and low level WC, tied flooring and part tiled walls. Bedroom 2 with a built-in wardrobe.
Bathroom with a bath with shower attachment, hand basin, concealed cistern low level WC, bidet, tiled flooring and part tiled walls, recessed ceiling lighting.
Outside The property forms part of an attractive gated development comprising a converted period building together with a diverse mix of modern apartments and townhouses.
Situated in a sought-after area within walking distance of the High Street and the horse racing gallops, the development benefits from established, well-maintained communal grounds with attractive mature trees and shrubs.
The apartment enjoys direct access to a private patio area, together with the benefit of a dedicated parking space.
Services and tenure Tenure The property is leasehold with a 125 year lease commencing 25 March 2016 and with 113 years remaining. Ground rent £250 per annum and current annual service charge £2602.45.
Services Mains water, gas, drainage and electricity are connected. The property is in a conservation area and is in a low flood risk area. The property has a registered title.
Internet connection, basic: 16Mbps, Superfast 61 Mbps. Mobile phone coverage by the four major carriers available. EPC: TBC Council Tax D West Suffolk District Council
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 The Maltings, Brewers Lane, Newmarket, Suffolk
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