2-bedroom flat · IP28 7FE
For saleListed 254 days
Opportunity summary
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About
Offered to the market as BUY TO LET only with a tenant in place on a LEASE until NOVEMBER 2026 paying £1,150pcm giving an impressive gross rental yield of 7.6%.
Located within walking distance to Mildenhall Town Centre and the local amenities, this modern two bedroom ground floor apartment is situated on the popular Mill Park Gardens development and boasts a good sized open plan kitchen/living area, two bedrooms and a modern bathroom and an allocated parking space close by.
In more detail the accommodation comprises of:- ENTRANCE HALL: Entry phone.
KITCHEN/LOUNGE/DINING ROOM: Range of wall and base units with integrated electric oven with gas hob and extractor hood over, washer/dryer and dishwasher, sink and drainer and windows to front.
BEDROOM ONE: Window to rear. BEDROOM TWO: Window to front. BATHROOM: White suite comprising of low level wc, pedestal hand basin and bath with shower over and window to front.
OUTSIDE: Allocated parking for one car, communal gardens and bin store.
Tenure: Leasehold with 108 years remaining Construction type: Brick and tile Restriction and rights: Conservation Area: Mildenhall Parking: Allocated parking space.
Windows/doors: UPVC double glazing Council Tax: Band B - £1,704.56 annual amount (2024/2025) EPC: C 77 Service charge: Approximately £1600 per annum Ground rent: £250 per annum Water supply: Meter Drainage: Mains Flood risk: Zone 1 - Low Risk EV charging point: No Electric supply: Standard Metered Account Broadband: Superfast 80 mbps download speed Mobile network: Vodaphone (Limited), EE (Limited), O2 (Limited), Three (Limited) AGENTS NOTES: 1) Stock photos used 2) Broadband speed and mobile phone networks as stated in Ofcom mobile and broadband checker The speeds indicated on the checker are the fastest estimated speeds predicted by the network operator(s) providing services in this area.
Actual service availability at a property or speeds received may be different.
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 force base and its unique Roman Silverware collection known as the 'Mildenhall Treasure'.
Mildenhall offers a good range of shopping, education and leisure services together with many local places of historical interest.
Larger more diverse facilities can be found at the nearby towns of Bury St Edmunds, Thetford and Newmarket.
Mildenhall lies approximately two miles from the Fiveways interchange on the A11 which gives access to Thetford and Norwich to the north east and Newmarket and London to the south and south west.
Other towns within travelling distance are Brandon to the north west and Bury St Edmunds to the south east via the A1101
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 Park Gardens, Mildenhall, Bury St. Edmunds, Suffolk, IP28
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