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See how verdicts work1-bedroom flat · IP33 1XY
Listing removedListed 155 days
Opportunity summary
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About
When you get to a certain age, the quality and comfort of your surroundings become even more important, which is why Cross Penny Court is so highly regarded.
This beautifully appointed first floor apartment offers well proportioned accommodation and, as part of an assisted living package, complete peace of mind.
Cross Penny Court is a purpose built McCarthy & Stone retirement complex, exclusively for the over 70s, located within minutes of the town centre and a short stroll from the Abbey Gardens.
With on-site staffing, a restaurant, residents lounge, function room, laundry and lovely communal gardens, this is independent retirement living with excellent support close at hand.
On the first floor: The building is approached through a secure reception area, with two lifts serving all floors. No. 19 is situated on the first floor.
The entrance hall includes a useful walk-in storage/airing cupboard and doors leading to the main rooms.
The sitting room is generously proportioned and provides ample space for both seating and dining furniture.
Double doors open into the kitchen, which is fully fitted with a range of units, worktop surfaces and integrated appliances including a waist-height oven, induction hob, extractor, fridge and freezer.
The bedroom is a spacious double and includes a mirror-fronted built-in wardrobe.
The bathroom/wet room is particularly large and has been designed with ease of use in mind, including both a level access shower and a low level bath, together with WC and vanity wash basin.
Communal facilities: Cross Penny Court has the feel of a quality hotel and includes a subsidised table-service restaurant, residents' lounge, function/games room, laundry, guest suite, mobility scooter store and well-maintained communal gardens.
There is 24-hour on-site staffing, with one hour of domestic assistance included within the service charge, and further care or lifestyle support available by separate arrangement.
Outside: There are attractive landscaped communal gardens providing a pleasant place to sit and socialise.
Lease and Charges The annual service charge is £10,402.72 for financial year ending 30/09/2026. Note: The Service charge does not cover external costs such as your Council Tax, electricity or TV.
Car Parking Permit Scheme-Subject To Availability - Parking is by allocated space subject to availability, the fee is £250 per annum. Permits are available on a first come, first served basis.
Lease Information - Ground rent: £435 per annum Ground rent review: 1st Jan 2029 Lease: 125 years from 1st Jan 2014 COUNCIL TAX -BAND B ENERGY PERFORMANCE RATING - C COUNCIL - West Suffolk SERVICES - Mains water, electricity and drainage.
BROADBAND -Ofcom states superfast is available Mobile - Ofcom states all mobile providers are likely.
WHAT3WORDS ///kettles.roadways.drop Entrance Hall - Sitting Room - 4.55m x 3.81m (14'11 x 12'6) - Kitchen - 2.87m x 1.96m (9'5 x 6'5) - Bedroom - 4.27m x 2.77m (14'0 x 9'1) - Bathroom/Wet Room - Communal Gardens - Residents Lounge - Residents Dining Room - Assisted living retirement apartment in a highly regarded town centre setting
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 Cotton Lane, Bury St. Edmunds
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