2-bedroom flat · IP32 6AG
For saleListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain free, freshly decorated and ready for its next owner! This modern two-bedroom ground-floor apartment puts the train station and town centre close at hand.
Recently decorated throughout, it offers a fresh interior and the ease of ground-floor living. A parking space adds everyday convenience, with good access to the A14 for journeys further afield.
Whether you're buying your first home, looking for a convenient base or adding to an investment portfolio, this apartment is well worth a look. No onward chain means you could move sooner.
Book your viewing today!
THE ACCOMMODATION COMPRISES: COMMUNAL ENTRANCE HALL: With stairs rising to first floor, and door to ENTRANCE HALL Airing cupboard housing insulated hot water tank, two storage cupboards, electric low energy radiator, wood laminate flooring, ceiling spot lights.
SITTING ROOM 16' 00" x 10' 02" (4.88m x 3.1m) Wood laminate flooring, French doors to garden, TV point, electric low energy radiator, open to kitchen.
KITCHEN 9' 04" x 6' 06" (2.84m x 1.98m) Window to front, with work surface with and units under, single inset drainer with mixer tap over, electric hob with oven under, fridge freezer, plumbing for automatic washing machine, wood laminate flooring.
BEDOOM ONE 11' 03" x 10' 03" (3.43m x 3.12m) (plus door recess) Window to rear, wood laminate flooring, electric low energy radiator.
BEDROOM TWO 10' 0" x 7' 0" (3.05m x 2.13m) Window to rear, wood laminate flooring, electric low energy radiator.
BATHOOM Low level WC, pedestal wash hand basin, double shower cubicle, fully tiled walls, ceramic tiled flooring, extractor fan. OUTSIDE Car parking space and further visitor parking space.
There is direct access from the sitting room to patio area and communal grounds, laid predominantly to lawn, and communal bin stores.
ENERGY PERFORMANCE RATING D A full copy of the report is available upon request.
ADDITIONAL INFORMATION: Council Tax Band: B Local Authority: West Suffolk Mains water, gas and electricity connected Service Charge £100 per calendar month & Ground Rent £1200 per calendar month Lease Remaining: approx (TBC) Vacant possession on completion VIEWING ARRANGEMENTS: Strictly by appointment with the Sales Agent.
Please call Martin & Co on to book a viewing. LOCATION Mermaid Close is perfectly situated for access to all the town centre amenities.
Bury St Edmunds is an attractive, vibrant medieval market town, with great schools, colleges, and cultural amenities, including the Cathedral, Theatre Royal, Abbey Gardens, cinemas, rail station, shops and independent restaurants.
The town has private and NHS hospitals, with Stansted Airport and London accessed via A14/A11 offering main routes to the East Coast and local towns of Cambridge, Norwich and Ipswich.
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.
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FAQ
About Mermaid Close, Bury St Edmunds
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