2-bedroom flat · IP5 3TJ
Sold STCListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented TWO DOUBLE BEDROOM FIRST FLOOR APARTMENT, situated within the highly desirable Martlesham Heath development and offered for sale with NO ONWARD CHAIN.
This attractive apartment is set within a well-maintained apartment block and offers spacious, well-proportioned accommodation throughout.
The property benefits from an entrance hallway with security intercom, a personal hallway, an impressive and generously sized lounge/diner enjoying superb views, and a spacious fitted kitchen/breakfast room.
There are also two excellent-sized double bedrooms, a fitted bathroom and a separate WC.
Externally, the property benefits from its own personal garage and additional parking, adding to the appeal of this superb apartment.
Ideally located for excellent access to BT's Adastral Park and Suffolk Police Headquarters, the property is also conveniently positioned for Martlesham Heath's excellent range of local amenities.
An excellent opportunity to acquire a spacious and well-presented apartment in a highly sought-after location.
Early viewing is highly recommended to fully appreciate all that this attractive property has to offer. *Agents notes* -There are 955 years remaining on the lease.
-Maintenance charges are £330 per quarter. Commual hallway Security door to communal hallways with stairs to first floor.
Entrance hallway Own personal door into own entrance hallway, security intercom and single radiator. Seperate wc Luxury tiling, low level wc and single radiator.
Bathroom Luxury tiling, contemporary heated towel rail, spotlights, pedestal hand wash basin, panel enclosed bath and shower.
Bedroom 1 Double glazed velux window to front 2x, fitted mirrored wardrobes and single radiator. Bedroom 2 Double glazed velux window to front 2x, built in wardrobe and single radiator.
Lounge/diner Large double glazed feature window to rear, double glazed velux window to rear, double radiator, wall lights and further single radiator.
Kitchen/diner Double glazed velux window to rear 2x, one and a half stainless steel sink and drainer with mixer taps set in work surfaces, luxury tiling, further range of work surfaces, wall mounted cupboards, wall mounted display cabinets, integrated hob/oven/extractor, single radiator, space for washing machine, space for dishwasher and integrated fridge and freezer.
Outside Communal gardens, parking and own personal garage.
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
Agent & docs

FAQ
About Lancaster Drive, Martlesham Heath
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