2-bedroom flat · IP33 1XY
For saleReduced £25k (−7.8%) on 7 OctListed 257 days
Opportunity summary
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About
Spacious two bedroom apartment situated on the first floor with outlook towards the front elevation.
Cross Penny Court is a McCarthy Stone retirement living plus development with onsite restaurant, 24/7 staffing and domestic assistance.
Cross Penny Court Cross Penny Court is an Assisted Living (known as Retirement Living plus )development with 57 one and two bedrooms set within the historic town of Bury St Edmunds.
Cross Penny Court is managed by a team of qualified staff, ranging from an Estates Manager who is individually registered with the Care Quality Commission, to the Support Worker.
Help is always available, 24-hours a day, 365 days a year, from the qualified reliable and friendly on-site care team you will know and trust.
One hour of domestic assistance per week is already included in the service charge, to help with tasks such as household cleaning, changing the beds, as well as running errands, shopping for groceries and posting letters.
McCarthy & Stone Assisted Living are also able to offer you Lifestyle Support, so if you fancy a trip to the cinema, an art class, or simply to visit friends - our care team can provide companionship and support, helping you to get out and about.
For your reassurance the development is fitted with 24-Hour TV secure entry system.
The development has a homeowners' lounge for socialising with friends and family and, for your convenience, an onsite restaurant with freshly cooked meals provided every day.
Other communal areas consist of a laundry room, mobility scooter store and charging point and well maintained landscaped gardens providing a great space to socialise with new friends and neighbours!
Local Area Cross Penny Court is located a short walk away from the town centre, offering an assortment of high street names, independant shops, bars, cafes and restaurants.
The major supermarkets are also close by including Tesco, Waitrose, Aldi and Iceland. The town also has markets on Wednesdays and Saturday. There's plenty to do to suit all tastes, Bury St.
Edmunds Abbey, Abbey gardens and Cathedral makes an enjoyable day out.
Entrance Hallway Auto-opening main entrance front door operated by a 'fob', apartment front door has a spy hole and letter box which leads into the entrance.
There is a door to a walk in storage/airing cupboard. Wall mounted emergency speech module. Ceiling light fitting. Doors leading to the lounge, both bedrooms and bathroom.
Lounge A spacious lounge providing space for dining with large windows allowing lots of natural light into the room and offers an outlook towards the front elevation.
TV with Sky+ connectivity (subscription fees may apply) and telephone points, two ceiling light fittings and raised height electric power points. Double doors opening onto separate kitchen.
Kitchen Fully fitted modern kitchen with a range of wall and base cabinets with quartz effect worktop and tiled splashback. Stainless steel sink and drainer sits beneath the window.
Waist height oven (for minimal bend) with space above for a microwave, four ringed induction hob with chrome extractor hood. Integrated fridge/freezer. Ceiling and under counter lighting. Tiled floor.
Master Bedroom Generous master bedroom with window providing outlook over the front. Built in mirror fronted wardrobe with hanging rail.
TV with Sky+ connectivity (subscription fees may apply) and telephone points, ceiling light fitting and raised height electric power points. Emergency pull cord.
Bedroom Two Double second bedroom which could be used for dining or utilised as a study or hobby room. Ceiling light fitting, raised height electric power points and emergency pull cord.
Bathroom A fully fitted bathroom suite comprising; a low level access shower with glass sliding door and support rail, low level bath with grab rails.
WC, vanity unit wash hand basin with mirror above. Non-slip vinyl flooring. Emergency pull-cord. Service Charge (Breakdown) • 24/7 staffing onsite • 1 Hours domestic assistance.
• Subsidised on-site bistro • 1 Hours domestic assistance.
• Cleaning of communal windows • Electricity, heating, lighting and power to communal areas • 24 hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance The Service charge does not cover external costs such as your Council Tax, electricity or TV.
To find out more about the service charges please contact your Property Consultant or Estate Manager. Annual Service charge: £14,093.11 for financial year ending 30/09/2026.
Ask about our free entitlements service to find out what benefits you may be entitled to.
Car Parking Permit Scheme-Subject To Availability Parking is by allocated space subject to availability, the fee is £250 per annum. Permits are available on a first come, first served basis.
Please check with the Estate Manager on site for availability.
Lease Information Ground rent: £510 per annum Ground rent review: 1st Jan 2029 Lease: 125 years from 1st Jan 2014 It is a condition of purchase that residents must meet the age requirement of 70 years or of age or over.
Moving Made Easy & Additional Information Moving is a huge step, but don’t let that hold you back.
We have a range of services to help your move go smoothly, including: • free Entitlements Advice to help you find out what benefits you may be entitled to that can assist with service charges or living costs.
• Part Exchange service to help you move without the hassle of having to sell your own home. • Removal Services that can help you declutter and move you in to your new home.
• Conveyancing specialists who are experienced with sales and purchases of McCarthy Stone retirement properties.
For more information check our webpage additional services or speak with our property consultant • Fibre to the cabinet Broadband available • Mains water and electricity • Electric room heating • Mains drainage
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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 20 Cross Penny Court, Cotton Lane, Bury St. Edmunds
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