2-bedroom terraced house · IP28 7FB
Sold STCListed 228 days
Opportunity summary
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About
SHARED OWNERSHIP OF 37% WITH THE REMAINDER ON A LEASEHOLD BASIS WITH DETAILS BELOW. IT IS UNDERSTOOD FROM THE OWNER THAT THE HOUSING ASSOCIATION ARE PREPARED TO SELL THE FREEHOLD.
PROPERTY SUMMARY This mid terraced 2 bedroom house is offered to the market with NO ONWARD CHAIN and would make an ideal first time purchase. ACCOMMODATION RECEPTION HALLWAY Entrance door.
Stairs leading to the first floor and storage cupboard. CLOAKROOM/W.C. Suite consisting of a wash hand basin and w.c. Space and plumbing for washing machine.
LOUNGE Upvc window to the rear and access door to the garden. FITTED KITCHEN Window to the front. Fitted with a range of base and wall mounted cupboards with complimentary worksurfaces and inset sink.
Spaces for an electric cooker, dishwasher and fridge/freezer. FIRST FLOOR LANDING Storage cupboard and access into... BEDROOM ONE Upvc window to the rear.
BEDROOM TWO Upvc window overlooking the front and a range of fitted wardrobes. BATHROOM Suite consisting of a panelled bath with shower over, pedestal wash basin and w.c.
OUTSIDE SPACE The low maintenance rear garden has areas of hard stand and shingle with an access gate leading to the parking area which has two allocated parking spaces.
The front garden is also low maintenance with a pathway to the front door, THE AREA The historic market town of Mildenhall is located along the banks of the river Lark and adjacent to the A11 dual carriageway.
Whilst the town is very well served with a supermarket, weekly market, schools for all age groups, bus terminal, swimming pool, gymnasium, sports centre and various takeaways and restaurants, the towns of Newmarket and Bury St Edmunds are within driving distance.
Equally, Cambridge is accessed via the A11/A14 and the outskirts of London are just over one hours drive away via the M11.
Additional Information: FLAGSHIP PART RENT /PART BUY with 37.5% being offered for sale but with the understanding from the vendor that the remaining 62.5% is also available to purchase.
For the period 2024/2025 the rent was set at £643.82 which includes buildings insurance and communal grounds maintenance however this will be renewed for the period 2025/2026.
EPC Rating: 71/C Council Tax Band: B Internet Connection: Openreach reports download speeds of up to 76Mbps and upload speeds up to 15Mbps.
Mobile Phone Coverage: OFCOM reports 'LIKELY' signal outside of the property. Construction Type: Standard cavity walls with tiled roof.
Type of Heating: Gas Parking: On road parking to the side with two parking allocated spaces General Comments: None Flood Risk: LOW RISK Planning Permission: N/A Services Connected: Mains gas, electric, drainage and water are connected.
Please be aware that the property dimensions are measured internally with a laser measure and to the maximum point of the room.
Due to the nature of the measuring device, there may be a deviation of approximately 5mm.
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.
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About Flemington Close, Mildenhall, Suffolk, IP28
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