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See how verdicts work3-bedroom flat · IP33 1RD
Sold STCReduced £55k (−10%) on 26 SepListed 592 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning apartment in prime town location.
Description Flat 3 is one of four superbly renovated apartments formed from the conversion of the former Masonic Hall, situated prominently within the town centre and affording views of the cathedral and West Front.
Flat 3 is on the first floor and is accessed via the main entrance hall with original staircase rising to the upper floors and stairs down to cellar.
The cellar has been divided into four areas, one of which belongs to Flat 3.
The property is Grade II listed dating from the mid-18th century and affords many of the features of the Georgian period such as elegantly proportioned rooms and sash windows.
The property is built of red brick under a part tiled and part slate roof and finished to a high specification throughout with brilliant attention to detail, cleverly blending the period with 21st century living.
The hall leads through to the kitchen/dining/ reception room which is a fantastic open plan living space with a range of five west facing windows onto Chequers Square with fitted louvered shutters.
The contemporary kitchen has a range of granite work surfaces with units over and below, integrated dishwasher and fridge freezer.
A tall unit houses a double oven and a large granite topped island unit with cupboards under and over provides a breakfast bar.
The island unit also incorporates an induction ceramic hob with remote controlled cooker hood above. The utility room, with fitted washing machine, is off the kitchen.
Bedroom two/study is off the reception room with en suite shower room and has fabulous views of the cathedral and Norman Tower.
The principal bedroom, accessed from the inner hall, benefits from an en suite shower room, to the side of which lies a separate cloakroom.
Whilst the apartment has no allocated garden area, it sits opposite the entry and gates to the historic Abbey Gardens. The property enjoys the benefit of permit parking.
Services Mains gas, electricity, water and drainage.
Agents Note: No pets allowed Location The property is situated in the heart of the town's medieval grid with all of the town's amenities on the doorstep to enjoy.
Bury St Edmunds is a popular market town offering excellent shopping, educational and recreational facilities, including the restored Georgian Theatre Royal, Abbey Gardens, art galleries and cinemas.
The town affords a fantastic array of restaurants including the Michelin Star Pea Porridge and highly acclaimed Maison Bleue.
There are also good schools and hospitals in both public and private sectors.
Being located just off the A14, the town has convenient road communication, with ready connections to the west for Newmarket, Cambridge and the national motorway network and to the east for Stowmarket, with its direct line to London's Liverpool Street Station and Cambridge.
Square Footage: 1,955 sq ft Additional Info Mains gas, electricity, water and drainage. Agents Note: The property is offered as share of freehold with a 25% share.
There is a maintenance charge between the four owners of the flats. We wish to inform prospective buyers of this property that the seller is connected to an employee of Savills. Photos taken in 2023.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About Flat 3, 37, Churchgate Street, Suffolk
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