2-bedroom flat · IP33 1UN
For saleListed 346 days
Opportunity summary
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About
A stylish modern two-bedroom first floor flat with lift access, a communal roof terrace and basement storeroom, in this excellent Grade II listed building, superbly located in the centre of town.
Communal entrance with intercom access, entrance hall, stairs and lift to first floor, basement and a communal roof terrace.
First floor Flat 3 with entrance hall, kitchen/breakfast room, sitting/living room, two double bedrooms and a family bathroom.
Basement with lift and stair access, secure communal store area with bike racks and a bin store. THE PROPERTY A communal entrance door with intercom access, leads to the ground floor communal hallway.
Stairs and the lift both lead up to the first floor, the shared roof terrace and down to the basement store area, that has fitted bike racks, bin store and the meters for the flats.
Flat 3 is well located on the first floor over the Brook Tavener retail unit, and the front door to the flat is at the end of the communal corridor shared with Flat 2.
The door gives access to the flats entrance hall next to which is the intercom phone and access for the ground floor entrance door and the hall features a store cupboard housing the EHC Comet Combi electric boiler.
Doors give access to two double bedrooms, the family bathroom and a semi-open plan living room and kitchen.
The comfortable living room has a traditional sash window overlooking The Buttermarket to the front, a built-in shelved cupboard and drawer unit and the room opens through to the kitchen/breakfast room to the rear.
The kitchen features a double-glazed Velux window skylight above and is fitted with a stylish range of base and eye level units with stone/quartz composite worktops with a 1¼ bowl underset stainless steel sink unit, Bosch four ring induction hob with extractor hood above and fan oven below, with integrated appliances including a Zanussi fridge/freezer, Bosch dishwasher and an integrated washer/dryer.
There is also a convenient breakfast bar to the side.
Bedroom one is a light and airy double bedroom with a traditional sash window to the front and features a comprehensive range of fitted bedroom furniture and wardrobe cupboards.
Bedroom two is also double sized and features a built-in wardrobe cupboard unit.
The family bathroom boasts a stylish modern finish and features a panel enclosed bath with glazed side screen and shower over, tiled wall splashbacks, a wall mounted wash basin unit, concealed cistern wc and a radiator towel rail.
LOCATION Flat 3, which is one of eight two-bedroom flats in this recently converted grade II listed building, is superbly located in Bury St Edmunds town centre within easy walking distance to all that the town has to offer.
Considered by many to be one of the best places in the country to live, the town offers an excellent range of amenities with extensive shopping facilities, doctors, dentists and a good range of leisure facilities including health clubs, swimming pools and golf clubs.
There are numerous high-quality restaurants and cultural amenities including the beautiful Georgian Theatre Royal and The Abbey Gardens.
The University City of Cambridge is approximately 28 miles away and also accessible by rail, offers unrivalled educational opportunities and excellent further shopping and amenity facilities.
There is easy access to the A14 and on to the A11 (M11) and the railway station at Bury St Edmunds offers a link to mainline services to London’s Liverpool Street and King’s Cross.
Alternatively, there is a regular direct line train service from Stowmarket (14 miles) to London Liverpool Street taking approximately 80 minutes.
Stansted International Airport is approximately 50 minutes by car. PROPERTY INFORMATION Services Mains water, electricity and drainage.
Local Authority West Suffolk Council Council Tax Band A Tenure Leasehold Service Charge £2,000 per annum Parking Residents parking for Zone D, also with visitor parking permits available.
Broadband Ofcom states speeds available of up to 1800Mbps Mobile Signal/Coverage Yes - varies depending on network provider.
Please visit to check availability Viewing Only by appointment with the sole agents Jackson-Stops. Tel.
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 Palmers House, 9-10 Abbeygate Street, Bury St Edmunds, Suffolk, IP33
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