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See how verdicts work3-bedroom semi-detached house · IP28 8RW
For saleListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Shared ownership from 60%! This property offers no onward chain and enjoys a sought after location, with excellent transport links. Description Shared Ownership! Shares available from 60% (£165,000).
This contemporary, three bedroom semi-detached home is located within a sought-after and modern residential development in the growing village of Red Lodge and offers excellent transport links to Newmarket, Cambridge and London as well as Thetford and Norwich in the other direction.
The property is well presented throughout and includes an enclosed rear garden as well as driveway off street parking.
Upon entering the property you will find a welcoming central hallway, with stairs leading to the first floor landing, and a cloakroom W.C with wash hand basin.
The property boasts a modern kitchen/ dining room with an attractive bay window to the front and offers a range of wall and base level units, stainless steel sink and draining board, integrated appliances to include a fridge freezer, cooker and gas hob with an extractor hood fitted over, plus space for further appliances.
The downstairs accommodation is concluded by a generous sized lounge with a fitted media wall frame and French doors overlooking the rear garden.
Upstairs, the property offers three well-proportioned bedrooms and features an impressive primary bedroom with built in wardrobes and a modern en-suite shower room.
The shower room comprises W.C, wash hand basin, chrome towel radiator and shower cubicle, whilst a separate, and spacious, family bathroom comprises W.C, wash hand basin, chrome towel radiator and a bath with shower attachment over.
This property is served by a gas fired central heating system, the wall mounted boiler is located in a useful cupboard above the stairs.
Outside, the property enjoys driveway off street parking in the form of a block paved driveway beside the house.
The enclosed, rear garden concludes this fantastic home and comprises a useful storage shed, patio for seating and entertaining, and an artificial lawn which has been laid for ease of maintenance.
Measurements Cloakroom W.C - 5'10" x 2'10" Kitchen/ Dining Room - 13'11" max x 8'00" max Lounge - 15'1" x 14'11" Bedroom - 15'3" max x 8'1" max En Suite - 7'00" max x 4'5" max Bedroom - 11'9" max x 8'1" max Bedroom - 11'8" x 6'7" Family Bathroom - 6'7" x 6'4" Shared Ownership Leasehold Shares available from 60%: £165,000 Full market value: £275,000 Years remaining on Lease: 119 Years of 125 Years Rent on remaining share (at 60% ownership): £332.38 per month Third Party management fees: £8.62 per month Buildings insurance: £36.52 per month Admin fee: £5.91 per month The above charges are reviewed annually, details can be found in the lease agreement.
No staircasing restrictions apply.
Any prospective buyer must complete an affordability assessment with Censeo Financial before they can be approved to purchase, in line with Homes England requirements.
This assessment is for affordability purposes only, and buyers are not required to use Censeo Financial for their mortgage.
Anti-Money Laundering & Identification We are supervised by hmrc and, as such, have an obligation under anti-money laundering regulations to conduct anti-money laundering checks on all potential buyers and sellers.
Our compliance partner, Coadjute, will securely manage these checks on our behalf.
Once an offer is accepted (subject to contract) Coadjute will send a secure link for you to complete the biometric checks electronically.
A non-refundable fee of £27+ VAT per person will apply for these checks, and Coadjute will handle the payment for this service.
These anti-money laundering checks must be completed before we can send a Memorandum of Sale to solicitors to confirm the sale. Please contact the office if you have any questions in relation to this.
Agents Note This property is sold as seen. Flagship Homes are not responsible for repairs or maintenance. Buyers must complete their own inspections prior to exchange.
Council Tax Band - West Suffolk, C. Molyneux Estate Agents has not tested any fixtures and fittings, services or appliances in this property and cannot guarantee that they are in working order.
Whilst we intend to make our particulars as accurate as possible, measurements and statements are provided as a general guidance, they are not factual and should not be relied upon.
Before ordering any carpets or built in furniture please contact the agent to verify any specific measurements. Floor plans are not to scale.
They are provided for indication purposes and their accuracy should not be relied upon. Items shown in photographs are not included unless they are detailed within the sales particulars.
They may be available by separate negotiation. Please contact the agent with regards to this. The Buyer is advised to obtain verification of the tenure from their Solicitor.
The agent has not reviewed the title documents for this property.
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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Agent & docs
FAQ
About 60, Myrtle Lane, Bury St. Edmunds
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