2-bedroom flat · IP33 3AS
Sold STCListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property is ideally located just outside the centre of the popular market town of Bury St Edmunds.
The town offers an excellent selection of shops, restaurants, cafés, and leisure facilities, including the popular Arc Shopping Centre, the historic Abbey Gardens, and the renowned Theatre Royal.
With excellent transport links, Bury St Edmunds provides easy access to the A14, connecting to Cambridge, Ipswich, and London via the M11.
The town's train station offers regular services to surrounding areas, and direct links to London Liverpool St, making it ideal for commuters.
INTERNAL HALLWAY The main building is accessed via an electronic fob, leading to a communal stairwell.
The apartment is reached on the first floor through a communal hallway, with entry via a secure composite door. You enter the property into the entrance hallway.
There is one radiator, a large storage cupboard and open access to the spacious main living area.
DINING ROOM/LIVING ROOM 19' 5" x 17' 2" (5.92m x 5.23m) Spacious and light-filled dual-aspect open-plan living area incorporating the kitchen, dining and sitting room.
The space features two uPVC windows to the side aspect and uPVC patio doors opening onto the balcony, creating a bright and airy feel.
Equipped with two radiators, the room offers ample space for both a dining table and chairs as well as comfortable lounge furniture.
KITCHEN The contemporary kitchen is fitted with a stylish range of wall and base units complemented by square-edge wood-effect worktops.
It includes an inset stainless steel one-and-a-half bowl sink with drainer and mixer tap, an integrated electric hob with extractor hood above, and an electric oven.
There is space and plumbing for either a washing machine or dishwasher, together with space for a fridge freezer. A practical storage cupboard houses the combination boiler.
BEDROOM 1 12' 9" x 10' 6" (3.89m x 3.2m) Spacious dual-aspect double bedroom featuring uPVC windows to both the side and rear aspects, allowing for plenty of natural light.
The room also benefits from a radiator. BEDROOM 2 12' 8" x 8' 6" (3.86m x 2.59m) Second double bedroom with a uPVC window to the side aspect, providing natural light, and a radiator.
BATHROOM 7' 4" x 6' 10" (2.24m x 2.08m) Modern bathroom fitted with a contemporary three-piece white suite, comprising a panelled bath with mains-fed shower and glass screen above, complemented by a tiled surround.
The suite is completed by a low-level WC and pedestal wash hand basin. A heated towel rail provides added comfort and practicality.
EXTERNALLY Externally, the property benefits from a private balcony enjoying far-reaching views across the town.
The apartment also includes one allocated parking space, with additional visitor parking available for guests.
Further benefits include a secure communal bike store and a communal bin store, both conveniently located on the ground floor.
SERVICES Mains services are connected including gas, water, electricity and drainage. Gas fired central heating.
Council tax band B - West Suffolk EPC B LEASE INFORMATION A lease of 250 years from and including 10 June 2022. Ground rent and service charges: £1,980 p/a
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
Agent & docs
FAQ
About Springfield Road, Bury St. Edmunds
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