2-bedroom flat · IP33 3AS
Sold STCListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SHARED OWNERSHIP OVERVIEW Shared ownership is an affordable home-buying scheme that allows purchasers to buy a percentage of a property-typically between 25% and 100%-while paying rent on the remaining share.
Owners may have the opportunity to increase the share they own in the property through 'stair casing'.
LOCATION 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 bright dual-aspect open-plan living area combining the kitchen, dining, and sitting space.
The room benefits from two uPVC windows to the side aspect, along with uPVC patio doors opening onto the balcony.
Fitted with two radiators, the space comfortably accommodates both a dining table and chairs, as well as a lounge suite.
KITCHEN The modern kitchen is fitted with a range of wall and base units set beneath square-edge wood-effect worktops.
It features an inset stainless steel one-and-a-half bowl sink with drainer and mixer tap. There is an integrated electric hob with extractor over, along with an electric oven.
Space and plumbing are available for a washing machine or dishwasher, as well as a fridge freezer. A 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 three-piece white suite, comprising a panelled bath with mains shower and screen over, complemented by a tiled surround, low-level WC, and pedestal wash hand basin.
The room also benefits from a heated towel rail.
EXTERNALLY Externally, the property benefits from a private balcony offering views across the town, as well as one allocated parking space, and there is guest parking available.
There is a bike store, and communal bin store 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 25% share available. A new purchaser has the option to purchase up to 100% of the property.
Property value: £260,000 Monthly rent inclusive of service charge for 2026: £699.66 A lease of 250 years from and including 10 June 2022.
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
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FAQ
About Springfield Road, Bury St. Edmunds
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