2-bedroom flat · IP28 8WJ
Listing removedListed 159 days · slow let
Opportunity summary
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About
This *TWO* bedroom ground floor apartment benefits from open plan kitchen/lounge, modern family bathroom, *AIR CONDITIONING*, off street parking and communal gardens.
(APM3253M) This two bedroom ground floor apartment located in Red Lodge is within ten minutes of both RAF bases and benefits from open plan kitchen/lounge, two bedrooms, modern bathroom and communal gardens.
Available: Late May. Heating: Gas central heating. Deposit: £1,400.00. Council Tax: Band - B - £1,770.32 (2026/27) year.
(Active duty military members are exempt) In more detail the property comprises of:- ENTRANCE HALL LIVING AREA / KITCHEN Range of floor and wall based storage to kitchen area, space for freestanding dishwasher, space for freestanding washing machine and fridge freezer, integrated cooker with gas hob and cooker hood.
Living area with window to rear and storage cupboard, air conditioning HALLWAY PRIMARY BEDROOM Window to rear BEDROOM TWO Window to side FAMILY BATHROOM Low level wc, pedestal handbasin, bath with shower over and window to rear.
EXTERNAL Communal shingled area, bin storage, allocated parking for one-vehicle Red Lodge offers amenities and facilities including a post office, a modern doctor’s surgery, dentist, primary schools, a public house, and the ‘Millennium Centre’.
The village shopping centre has just been built and consists of a food takeaway, pharmacy, and a general store. The sports facilities offer changing rooms and football pitches etc.
More extensive amenities can be found in the close by market town of Mildenhall and the headquarters of British racing, Newmarket.
Mildenhall is approximately two miles from the A11 five ways roundabout which gives easy access to a greater variety of amenities found in Thetford (12 Miles) and Norwich to the Northeast and Newmarket (10 miles) and London to the South and Southwest.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About Spearmint Way, Red Lodge, Bury St. Edmunds, Suffolk, IP28
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