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See how verdicts work16-bedroom bungalow · IP28 8BD
For saleListed 172 days
Opportunity summary
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About
This group of EIGHT low density detached and one semi-detached bungalows form part of a larger portfolio of between 60 and 70 properties all located centrally on private roads in Beck Row.
The majority of the properties are let to serving USAF personnel located at either the adjacent USAF Mildenhall In recent years all the properties have undergone a comprehensive refurbishment to include new wiring , electric heating systems new Windows kitchens bathrooms and flooring.
Other parts of the portfolio are also available in larger units, please contact the office for details. All eight properties are of similar size and layout extending to 58.15 - 59.343 m sq.
or 626 - 669 sq. ft, they are two-bedroom properties with en-suites, gardens to front and rear and off street parking.
All eight units a rental income between £1,250 pcm and £1,350 pcm and produces a yield of over 7% for the group.
With exceptionally high occupancy levels, The properties are always in demand for single servicemen/women whose allowance is currently £1,215 pcm.
The two USAF air bases have around 20,000 personnel and dependants producing strong local demand properties such as this.
For the majority of the lettings which are to USAF military members, the tenancy terms are favourable with extremely reliable rental payments and tenancy behaviour.
There is a potential development opportunity to the rear of 2 and 3 Aspal Place, Contact the office for details.
The properties are located around one mile from USAF Mildenhall and four miles from USAF Lakenheath.
USAF military personnel are encouraged to live close to the bases it is not only their place of employment but the majority of the services and facilities they require are located on base.
Properties are currently under the full managed service by Balmforth Estate Agents with our office adjacent to RAF (USAF) Lakenheath gate and we can supply details for these services and costs.
Although the rental demand is currently dominated by the USAF market the vibrant centre of Bury St Edmunds (16 miles), Newmarket (14 Miles) and Cambridge (25 miles) heavily influences the local housing market and economy.
Agent notes: 1. The EPC is for 1 Aspal Place, Floorplan and photographs are of a mixture of properties included within the portfolio.
Beck Row offers a range of shops and services for everyday needs, primary school. A greater variety of amenities can be found near by in the large town of Bury St.
Edmunds which is less than 12 miles away and in the nearby Market town of Mildenhall, which is rich in history and culture.
Today Mildenhall is known nationally for the nearby USAF air base and its unique Roman Silverware Collection which is known as "Mildenhall Treasure".
Mildenhall offers a good range of shopping, education and leisure services.
Mildenhall is approximately two miles from the A11 five ways roundabout which gives easy access to Thetford (12 Miles) and Norwich to the North East and Newmarket (10 miles) and London to the South and Southwest.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 44a and 48 Aspal Park, Beck Row, Bury St. Edmunds, Suffolk, IP28
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