2-bedroom bungalow · IP28 7DL
Listing removedListed 136 days
Opportunity summary
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About
This two-bedroom terraced retirement bungalow for over 55s enjoys a peaceful riverside position overlooking the River Lark.
Ideal for those downsizing from a larger home, it offers comfortable, low-maintenance living. Set within a friendly, welcoming community in the market town of Mildenhall.
This well-presented two-bedroom retirement bungalow is situated within The Mallards, a popular development of purpose-built over 55s bungalows and flats, ideally located a short distance from the town centre.
Enjoying a desirable south-facing aspect overlooking the River Lark, the property occupies an excellent position within the development.
The accommodation comprises two good-sized bedrooms, with the primary bedroom positioned to the rear to take advantage of the peaceful river outlook, while bedroom two is located to the front.
The bungalow further benefits from UPVC windows and doors, electric heating, a well-appointed kitchen, and a modern bathroom designed for comfort and practicality.
Built in 1987, the property is held on a 99-year lease with approximately 61 years remaining.
Offered to the market with no onward chain, this attractive bungalow presents an ideal opportunity for those seeking a quiet yet convenient retirement home in a highly regarded riverside setting.
In more detail the accommodation comprises of: HALLWAY: Storage cupboard BATHROOM: Suite comprising of low level wc, pedestal hand basin, shower, airing cupboard with hot water tank and window to front.
BEDROOM ONE: Built in storage cupboard and window to rear. BEDROOM TWO: Window to front. LOUNGE/DINER: Patio doors to rear.
KITCHEN: Range of wall and base units, stainless steel sink and drainer, single oven and ceramic hob, space for: washing machine, tumble dryer and fridge freezer. Window to front.
OUTSIDE: To front: Path leading to residents parking, flower bed with some mature shrubs and plants To rear: Small patio area and communal gardens. Overlooking River Lark. Tenure: Leasehold.
Lease of 99 years with approx 61 years remaining Heating: Electric heating Parking: Residents parking Windows/doors: UPVC double glazing Service charge: Approx £2100 per 6 months Ground rent: Approx £200 pa AGENTS NOTE 1) Lease extensions are available (Contact office for details) The Market town of Mildenhall is rich in its history and culture and has been an established settlement since the Stone Age.
Today Mildenhall is known nationally for the nearby USAF air base and its unique Roman Silverware Collection which is known as "Mildenhall Treasure".
Centred around an historical marketplace offering a good range of shopping, education, and leisure services together with many local places of historical interest.
Approximately two miles from the A11 five ways roundabout which gives access to Thetford (12 Miles) and Norwich to the Northeast and Newmarket (10 miles) and London to the South and Southwest.
Other towns within travelling distance are Brandon to the Northeast and Bury St Edmunds to the southeast via the A1101.
Mildenhall also enjoys its modern ‘hub’ facilities with swimming pool, library and medical facilities.
Value & comps
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Returns
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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.
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Area
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FAQ
About Ship Gardens, Mildenhall, Bury St. Edmunds, Suffolk, IP28
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