1-bedroom flat · IP28 7DP
For saleListed 115 days
Opportunity summary
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About
An excellent opportunity for first-time buyers and investors alike, this well-presented one-bedroom top floor apartment is ideally situated in the heart of Mildenhall, within easy walking distance of local shops, amenities, and picturesque riverside walks.
Offered to the market chain free with vacant possession available from October, the property provides a ready-to-move-into home or a straightforward addition to an investment portfolio.
The accommodation comprises a bright and comfortable living space, fitted kitchen, double bedroom, and bathroom, with the added benefit of electric heating throughout.
Externally, the property benefits from an allocated parking space to the rear for one vehicle.
For investors, the apartment is expected to achieve a rental income of approximately £700 per calendar month, representing an attractive gross yield of around 8.84%.
This centrally located apartment offers convenience, affordability, and strong investment potential, making it suitable for a wide range of purchasers.
In more detail the accommodation comprises of: KITCHEN: 6'10" x 7'3" (2.08m x 2.21m) Range of wall and base units, oven, hob, washing machine, under counter fridge, sink BEDROOM/LOUNGE: 9'10" x 13'1" (3m x 3.99m) Wardrobe, desk, single pull out bed, TV and telephone point, window to front.
BATHROOM: 6'9" x 5'1" (2.06m x 1.55m) Low level WC, pedestal hand basin, shower enclosure. OUTSIDE: Rear: Allocated off street parking. Tenure: Leasehold.
Lease of 125 with 102 years remaining Service Charge: Approx.
£100pcm Parking: Allocated to rear Heating: Electric heating Construction Type: Brick & tile Windows/doors: UPVC Double glazing Council Tax: Band A - £1,535.08 (2026/2027) Drainage: Mains AGENTS NOTE: 1.
Internal stock photos used 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 Mill Street, Mildenhall, Bury St. Edmunds, Suffolk, IP28
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