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See how verdicts work1-bedroom flat · NR34 9SQ
For saleReduced £10k (−4.3%) on 21 AugListed 273 days
Opportunity summary
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About
A well-presented one-bedroom ground floor apartment located within the popular Foundry Place development in Beccles.
The property offers secure and comfortable living for the over 70s with flexible extra-care facilities if required, a range of communal amenities for a community feel, and a convenient location within walking distance of the town centre and train station.
The apartment is well presented and offers an outside area which faces an enviable south-easterly aspect, setting it apart from others within the site.
The accommodation begins with a front door fitted with a spy hole, with the entrance hall featuring a 24-hour emergency response cord system, an intercom entry system, and a large storage cupboard, providing both practicality and security.
The sitting and dining room is a bright and comfortable living space with ample room for both seating and dining furniture.
French doors lead out to a south/east-facing patio and garden area, allowing plenty of natural light and offering a pleasant outlook.
The modern kitchen is well-appointed with a built-in hob, waist-height oven, an integrated fridge/freezer, a sink with drainer, and space for a small dishwasher, making it both functional and easy to maintain.
The bedroom is generously sized and benefits from a walk-in wardrobe, along with TV and telephone points.
The shower room is modern in design and comprises of a walk-in shower, hand wash basin with vanity unit, WC, tiled flooring, and a chrome-effect heated towel radiator.
Externally, the apartment enjoys a private south/east-facing patio area with access to the well-maintained communal landscaped gardens, providing attractive outdoor space for residents and guests to enjoy.
Tenure & Services: Please be advised the apartment is leasehold, managed by McCarthy and Stone Management Services.
A 999 year lease was set up in 2021 and an annual service charge of approximately £10,284.79 is payable (prices relevant to financial year ending 28/02/2025).
The service charge includes 24-hour on-site staff, one hour of domestic assistance per week, a 24-hour emergency call system and buildings insurance, offering reassurance and peace of mind.
The development also benefits from a homeowners lounge, an on-site bistro restaurant, and a communal laundry room, creating a welcoming and supportive community environment.
It is a condition of purchase that residents must meet the age requirement of 70 years or of age or over.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QBC250395/8
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About Apartment 8, Foundry Place,, Elliott Garrood Gardens, Suffolk
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