2-bedroom flat · CB8 8FG
Listing removedListed 50 days · slow let
Opportunity summary
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About
A modern 2 bedroom ground floor apartment standing in an attractive modern gated development with well maintained communal gardens.
The property features a modern well-equipped fitted kitchen and open plan living area and is approached through remotely operated metal security gates leading to a parking area with 2 dedicated spaces.
EPC: B Local Authority: East Cambridgeshire Council Tax Band: B Annual Price: £1,933 Conservation Area: No Flood Risk: Very low Floor Area: 699 ft 2 / 65 m 2 Broadband: Basic 15 Mbps Superfast 41 Mbps Ultrafast 1800 Mbps Location Newmarket is 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, a twice weekly 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.
Entrance hall with a part glazed entrance door, built in cupboard, recessed ceiling lighting and wood effect flooring.
Open Plan Living/Dining area and Kitchen a superb double aspect room with a recently fitted kitchen with a range of base and wall mounted units, stone effect worktops and up stands, recessed sink and drainer with gold tap, integrated appliances comprising an oven and grill, 4 ring ceramic hob with glass splash back and extractor hood over, fridge and freezer, dishwasher and washer/dryer, recessed ceiling lighting and wood effect flooring.
Bedroom 1 with recessed ceiling lighting and wood effect flooring. Bedroom 2 with recessed ceiling lighting and wood effect flooring.
Bathroom with a stylish suite with a fitted bath and shower over, hand basin and concealed cistern low level WC, tiled walls and flooring, wall mounted mirror, recessed ceiling lighting.
Outside May Gardens is an attractive modern gated development of just 10 homes, individually designed and with well maintained communal gardens and located on the favoured south side of town.
The property is approached through remotely operated metal security gates with a pedestrian gated access to the side.
A driveway leads to a parking area with 2 dedicated spaces for the apartment along with visitor parking. Services and tenure Tenure The property is leasehold with a 125 year lease granted in 2017.
There is an annual service charge of £1320 which covers buildings insurance, communal gardening, lighting etc. There is a ground rent charge of £100 per annum.
Services Mains water, gas, drainage and electricity are connected. The property is not in a conservation area and is in a low flood risk area. The property has a registered title.
Internet connection, basic: 15Mbps, Superfast 41 Mbps, Ultrafast: 1800Mbps. Mobile phone coverage by the four major carriers available. EPC: C Council Tax B West Suffolk District Council
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 May Gardens, Newmarket, Suffolk
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