1-bedroom house · IP33 1XY
For saleReduced £20k (−10.5%) on 15 OctListed 359 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom, second-floor, apartment with garden views located within Cross Penny Court.
Cross Penny Court is an exclusive development of retirement apartments for the over 70’s with the benefit of care assistance through the onsite provider.
The apartments offer a convenient location with the Abbey Garden practically on your door step and the town centre a short walk away.
This second-floor apartment offers accommodation of an entrance hall with large storage cupboard, good-size sitting / dining room and kitchen.
The bedroom offers a built-in wardrobe and the bathroom has both wet room facilities and a bath.
Cross Penny Court also offers communal facilities including a lounge, dining room, laundry, guest facilities, hobby room and gardens.
Tenure: Leasehold Lease Term: 125 years from 1 January 2014 Lease Term Remaining: 114 years Service Charge £9,792.96 per annum. Ground Rent: £435.00 per annum.
Agents note: Please note that applicants will need to qualify for residence at Cross Penny Court, this assessment will be carried out by Cross Penny Court themselves.
Hallway (5' 9'' x 8' 10'' (1.74m x 2.69m)) Sitting Room (11' 3'' x 20' 6'' (3.43m x 6.26m)) Kitchen (6' 9'' x 9' 9'' (2.07m x 2.96m)) Bedroom (9' 2'' x 18' 5'' (2.79m x 5.62m)) Bathroom (8' 10'' x 8' 10'' (2.69m x 2.69m)) Storage (5' 10'' x 3' 10'' (1.79m x 1.16m))
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 41 Cross Penny Court, Cotton Lane, Bury St. Edmunds
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