2-bedroom flat · IP33 1RL
Sold STCListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FULL DESCRIPTION CHAIN FREE first floor apartment offering two bedrooms, a spacious living room, kitchen and bathroom.
Positioned within the historic medieval grid, the property is within easy walking distance of local amenities and the train station, with permit parking available on the road.
Churchgate Street enjoys an enviable central position, placing an excellent selection of independent shops, restaurants, cafés and leisure facilities just a short stroll away.
The train station is also within easy reach, providing convenient links for commuters, while the town's historic character, parks and cultural attractions make this a highly desirable location to call home.
The accommodation is located on the first floor and begins with an entrance hall providing access to all rooms.
The spacious living room offers an ideal space for relaxing and entertaining, while the kitchen is fitted with a built-in oven, hob and extractor, together with space for a washing machine and fridge/freezer.
The bathroom comprises a bath with shower over, WC and hand basin.
There are two well-proportioned bedrooms, with the master bedroom benefiting from a built-in wardrobe, while the second bedroom enjoys a front aspect and offers flexibility as a guest room, home office or additional bedroom.
Externally, the property benefits from permit parking available on the road, with the convenience of living in the very centre of town where a wealth of amenities are all within walking distance.
The historic surroundings of the medieval grid further enhance the appeal of this charming apartment.
Local Authority: West Suffolk - A Tenure: Share of freehold (Lease length 120 years commencing on and including 24th June 2015 - £900 PA maintenance charge (including buildings insurance)) Services: Mains Gas, Water & Electric
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
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FAQ
About Churchgate Street, Bury St Edmunds
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