1-bedroom flat · IP28 7RH
For saleListed 43 days
Opportunity summary
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About
GUIDE PRICE £130,000 - £140,000 An exciting opportunity to take your first step onto the property ladder, this well-presented ground floor leasehold flat is situated in a sought-after location within Mildenhall and is offered to the market chain-free.
The property benefits from a long lease and has been updated by the current owner, featuring a modern combi boiler, gas central heating and UPVC double glazed windows throughout.
The accommodation comprises a bright and spacious open-plan living and kitchen area, creating an ideal space for both relaxing and entertaining.
There is a generously sized bedroom with bay window and a well-appointed family bathroom, offering comfortable and practical living.
Externally, the property enjoys its own garden space to the rear, and also the added convenience of one allocated parking space located to the rear of the property.
Perfectly suited to first-time buyers looking to establish themselves in the local property market, the apartment would also make an excellent addition to a rental or investment portfolio.
Conveniently positioned with excellent transport links close by, the property also enjoys easy access to nearby woodland trails, making it an ideal choice for dog owners and those who appreciate the outdoors.
A fantastic opportunity not to be missed. In more detail the accommodation comprises of: ENTRANCE HALL Carpet.
BATHROOM Tiled, wash basin, low level WC, bath with shower over, shower screen, heated towel rail, mirror, extraction fan, window to side, radiator. BEDROOM ONE Carpet, bay window to front, radiator.
LIVING ROOM Storage cupboard, window to rear, three radiators.
KITCHEN Tiled, range of floor and wall based storage, stainless steel sink with drainer, integrated cooker, electric hob, cooker hood, space for freestanding washing machine, combi boiler, fuse box, radiator.
OUTSIDE Pathway to the side of the property leading to a small garden area with patio and mature shrubbery. Allocated parking to the rear for one vehicle. Tenure: Leasehold.
Lease of 199 years with approx 160 years remaining Construction Type: Brick & tile Heating: Gas central heating to radiators Windows/doors: UPVC Double glazing Council Tax: Band A - £1,535.08 (2026/2027) Ground Rent: Approx £70 pa Drainage: Mains AGENTS NOTE 1.
The current freeholders have advised that a share of freehold will be available shortly (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
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 Lapwing Court, Mildenhall, Bury St. Edmunds, Suffolk, IP28
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