2-bedroom flat · IP14 1RN
For saleReduced £5k (−5.6%) on 21 JunListed 361 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with No Onward Chain, a two-bedroom first floor retirement apartment in the popular Lucena Court development close to the town centre of Stowmarket.
With security entrance, sitting room, kitchen & bathroom, off-road communal parking and communal gardens. Entrance hall Security intercom. Electric wall heater. Light fitting.
Doors to storage & airing cupboards. Emergency pull cord. Wooden doors off to :- Sitting/ dining room (13’ x 10’11”) Window to front aspect. TV point. Electric wall heater. Light fitting.
Fitted carpet. Emergency pull cord. Kitchen Fitted with a range of worktops with drawers and cupboards under, further wall mounted eye level units above. Standing space for oven.
Standing spaces for fridge freezer. Stainless steel sink and a half unit. Window to front aspect. Light fitting. Laminate flooring. Bedroom 1 (12’1” x 11’) Window to rear aspect. Electric wall heater.
Light fitting. Fitted carpet. Emergency pull cord. Bedroom 2 (9’4” X 7’) Window to rear aspect. Electric wall heater. Light fitting. Fitted carpet. Emergency pull cord.
Bathroom Fitted with suite comprising panel bath with wall mounted electric power shower. Low level WC. Hand wash basin with tiled splashback. Laminate flooring. Heated towel rail. Light fitting.
Generously tiled walls. Opaque window to rear aspect. Emergency pull cord. Outside Communal off-road parking and well-maintained communal gardens.
Lease details to follow 62 years left - The lease started in 1988 for 99 years. The ground rent is £262.08 pa (2x £131.04) The management charge is £3287.06 (2x £1643.53).
(Provided by current owner) Notes These particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract.
No responsibility can be accepted for any expenses incurred by intending purchasers or lessees in inspecting properties which have been sold, let or withdrawn.
No warranty can be given for any of the services or equipment at the property and no tests have been carried out to ensure that heating, electrical or plumbing systems and equipment are fully operational.
Any distances, room aspects and measurements which are given are approximate only. Photographs are reproduced for general information and it cannot be inferred that any item shown is included.
No guarantee can be given that any planning permissions or building regulations have been applied for or approved.
If there is any point which is of particular importance to you, please obtain professional confirmation.
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.
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FAQ
About 31 Lucena Court, Stowmarket
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