2-bedroom terraced house · IP28 7BA
Sold STCListed 256 days
Opportunity summary
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About
A RARE OPPORTUNITY to acquire a TWO-BEDROOM END terraced home with DRIVEWAY on the COMET WAY ESTATE in the Market town of MILDENHALL.
The home features GAS CENTRAL HEATING, UPVC WINDOWS, driveway for TWO VEHICLES and is offered to the market with NO ONWARD CHAIN.
62 Charles Melrose Close is a superb two bedroom end terraced property, ideally located tucked away in a private setting, on the ever popular and well-established Comet Way estate.
Ideally suited for those looking to get on the property ladder, or investors adding to their investment portfolio, this well-appointment chain free home offers a host of favourable features.
Upon approaching the property, viewers are greeting by a large driveway in front, with parking for two vehicles (tandem), as well as a lawned area and path leading to the front door.
Access to the side is gained via a shared pathway, leading to gate, and into westerly facing laid to lawn rear garden, with patio area.
Entering the property, there is a handy porch area, which opens up into a spacious living room, benefitting from understairs storage cupboard, and large UPVC windows to front, allowing plenty of morning sunshine.
In addition, and to the rear of the property, the home boasts an updated kitchen, with a range of floor and wall based units, boiler, and pedestrian door to garden.
On the first floor, the home benefits form a convenient and spacious layout, with two double bedrooms, updated bathroom and storage over stairs.
In more detail the accommodation comprises of: PORCH Radiator, light pendant LIVING ROOM Window to front, understairs storage, stairs to first floor, 2x light pendant, 2x radiators KITCHEN Range of floor and wall based storage, sink with drainer (stainless steel), integrated cooker, gas hob, cooker hood, combi boiler, light tube ON THE FIRST FLOOR LANDING Radiator, loft hatch, light pendant, over stairs storage BATHROOM Bath with shower, low level wc, window to side, wash basin, heated towel rail, mirror, light pendant BEDROOM ONE Window to front, radiator, light pendant BEDROOM TWO Window to rear, light pendant, radiator OUTSIDE Parking on driveway for two vehicles (tandem), shared side access leading to gate, fully enclosed westerly facing rear garden, laid to lawn with patio over Tenure: Freehold Heating: Gas central heating to radiators Parking: Driveway for two vehicles Windows/doors: UPVC double glazing AGENTS NOTES: 1.
Further background information and data as required under the “Material Information” are available in the brochure QR code or 2.
New boiler fitted September 2023 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 62, Charles Melrose Close, Mildenhall, Bury St. Edmunds, Suffolk, IP28
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