2-bedroom flat · IP14 1RN
For saleListed 72 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented two-bedroom ground-floor retirement apartment at the sought-after Lucena Court, conveniently located near Stowmarket town centre.
Offered with No Onward Chain, the property features a sitting room, kitchen, wet room, communal gardens and parking. Entrance hall Security intercom. Electric wall heater. Light fitting.
Doors to storage cupboard with fuse box. Door to storage cupboard housing water tank. Emergency pull cord. Wooden doors off to :- Sitting/ dining room (11’2" x 17’) Window to rear aspect. TV point.
BT point. Electric wall heater. Light fitting. Emergency pull cord. Kitchen (11’6" x 8’7")Fitted with a range of worktops with drawers and cupboards under, further wall mounted eye level units above.
Integrated Beko oven, Hotpoint electric hob with extractor hood above. Standing spaces for fridge freezer. Standing space for washing machine. Franke stainless steel sink and a half unit.
Window to front aspect. Light fitting. Breakfast bar. Telephone point. Bedroom 1 (10’3” x 14’2") Window to rear aspect. Floor to ceiling fitted wardrobes. Light fitting. Door to storage cupboard.
Emergency pull cord. Bedroom 2 (10’6” X 7’8") Window to front aspect. Light fitting. Fitted carpet. Emergency pull cord. Wet room Fitted wet room with wall mounted Bristan electric shower.
Low level WC. Hand wash basin with storage under. Heated towel rail. Light fitting. Fully tiled walls. Emergency pull cord. Outside Communal off-road parking and well-maintained communal gardens.
Lease details to follow 61 years left - The lease started in 1988 for 99 years.
The ground rent is £262.08 pa (2x £131.04) The management charge is £1745.53 bi-annually (July to December 26) (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for any expenses incurred by intending purchasers or lessees in inspecting properties which have been sold, let or withdrawn.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
Set an offer; the calculator follows it.
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.
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FAQ
About 20 Lucena Court, Stowmarket
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