2-bedroom flat · IP28 7DL
Listing removedListed 184 days · slow let
Opportunity summary
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About
This *TWO* bedroom first floor flat for over 55's only, benefits from modern kitchen with some appliances, storage space throughout and communal gardens.
(APM3245) This two bedroom first floor apartment with river views is set within a complex for over 55's only.
The property benefits from communal grounds that sit on the River Lark, communal parking and is walking distance from Mildenhall Town Centre. Available: Now. Pets: No. Heating: Electric.
Deposit: £1,095.00 Council Tax: Band - A - £1,535.08 (2026/27) year. (Active duty military members are exempt) Agent notes: Stock photos used.
In more detail the accommodation comprises of: HALLWAY: Door from outside. integral mat. radiator stairs to first floor, carpeted, stair lift.
LANDING: Radiator, storage cupboard, carpeted, loft hatch, airing cupboard.
Window to side, BATHROOM: Double walk-in power shower, vinyl flooring, low level wc, mirror, wash basin with storage under, mirrored bathroom cabinet, heated towel rail.
Window to rear, BEDROOM ONE: Storage cupboard over stairs, carpeted, radiator. Window to front. BEDROOM TWO: Carpeted, Radiator. Window to rear.
LOUNGE/DINER: Sliding doors to timber framed balcony, radiator, curtains & carpeted.
KITCHEN: Range of floor and wall storage, integrated cooker, cooker hood, electric hob, sink with drainer, space for freestanding fridge-freezer, space for washing machine. Window to rear.
OUTSIDE: To front: Path leading to residents/visitors car park.
The Market town of Mildenhall is rich in its history and culture and has been an established settlement since the Stone Age with its unique Roman Silverware Collection which is known as "Mildenhall Treasure".
Centred around an historical market place offering a good range of shopping, education and leisure services together with many local places of historical interest.
Approximately two miles from the A11 five ways roundabout which gives access to Norwich to the North East and Newmarket (10 miles) and London to the South and Southwest.
Other towns within travelling distance are Bury St Edmunds to the south east via the A1101.
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
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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
Agent & docs
FAQ
About Ship Gardens, Mildenhall, Bury St. Edmunds, Suffolk, IP28
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