2-bedroom flat · IP33 2FB
For saleListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An attractively presented second floor apartment, forming part of Lydgate Court, a purpose-built development designed exclusively for the over 55s.
Offered for sale with no upward chain, the property provides light, comfortable and easily maintained accommodation, ideal for those looking to retire in style while retaining independence.
The apartment is in excellent decorative order, with neutral carpets, uPVC sealed unit glazing and gas-fired central heating.
The accommodation includes an entrance hall, spacious sitting/dining room, fitted kitchen with integrated appliances, two good-sized bedrooms and a modern bathroom.
Residents benefit from lifts to all floors, attractive communal gardens, ample parking, a residents’ lounge, library/meeting room and an intercom/emergency system linked to a 24-hour monitoring station.
EPC Rating: C Sitting Room 3.66m x 5.0m Kitchen 1.93m x 3.05m Bathroom 1.98m x 2.24m Bedroom 1 2.82m x 4.01m Bedroom 2 2.11m x 3.78m General Information Lease Details The property has a 299 year lease running from 2009.
There is an annual Ground Rent of £253.90 pa and a Service Charge of around £3566 pa.
This charge covers building insurance, water use and rates, window cleaning, gardening, upkeep of all communal areas, Residents lounge, lifts to all floors and security/emergency system.
Council Tax Band C.
COUNCIL - West Suffolk SERVICES - All main services connected BROADBAND - Ofcom states Ultrafast broadband is available Mobile - Ofcom states all mobile phone providers are likely WHAT3WORDS - ///accordion.lights.distanced
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
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FAQ
About Abbots Gate, Lydgate Court Abbots Gate, IP33
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