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See how verdicts work2-bedroom flat · IP28 7FE
Sold STCListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This ground floor TWO bedroom APARTMENT is offered to the market with NO ONWARD CHAIN.
The property is located a stones throw away from Mildenhall Town Centre and benefits from modern kitchen, open plan lounge/dining room and allocated parking.
This apartment was previously rented out and achieved £1,150 pcm, we would expect the property to achieve this again. This gives a gross yield of 8.9%.
In more detail the accommodation comprises of: ENTRANCE HALL: KITCHEN/LOUNGE/DINING AREA: KITCHEN AREA: Range of wall and base units, electric oven and gas hob with extractor over, integrated fridge-freezer and washer/dryer.
LOUNGE/DINING AREA: TV and tel. points. BEDROOM ONE: TV point. Integrated storage cupboard. BEDROOM TWO: Integrated storage cupboard.
BATHROOM: White suite comprising of low level wc, pedestal hand basin and bath with shower over. OUTSIDE: Allocated parking and communal gardens. Tenure: Leasehold.
Lease of 125 years with approx 107 years remaining Heating: Gas central heating to radiators Parking: Allocated parking Windows/doors: UPVC double glazing Service charge: £2,431.49 pa (Please contact the office for details) Ground rent: £100 pa AGENTS NOTE 1.
Stock photos used 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 base and its unique Roman Silverware Collection which is known as "Mildenhall Treasure".
Centred around an historical marketplace offering a good range of shopping, education, and leisure services together with many local places of historical interest.
Approximately two miles from the A11 five ways roundabout which gives access to Thetford (12 Miles) and Norwich to the Northeast and Newmarket (10 miles) and London to the South and Southwest.
Other towns within travelling distance are Brandon to the Northeast and Bury St Edmunds to the southeast via the A1101.
Mildenhall also enjoys its modern ‘hub’ facilities with swimming pool, library and medical facilities.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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