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See how verdicts work2-bedroom bungalow · IP28 8JN
Sold STCListed 177 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*CHAIN FREE* Set on a deceptively spacious plot is this well-presented two-bedroom bungalow positioned within the popular village of Red Lodge.
The property offers practical single-storey living with well-proportioned rooms, a contemporary kitchen and bathroom, and a bright living/dining space opening into a generous conservatory.
Both bedrooms are comfortable doubles with built-in sliding wardrobes, while the bathroom is finished with a modern white suite and P-shaped bath with shower over.
The layout is straightforward and functional, making it equally suited to downsizers, first-time buyers or those seeking a manageable home with good outside space.
The property also boasts gardens to the front, side and rear, offering much more space than may first appear.
The rear garden is private, low-maintenance and well suited for entertaining while the side garden provides excellent scope for further landscaping or personalisation.
A further benefit is the inclusion of a single garage providing secure parking or useful additional storage alongside the existing external space.
In more detail the accommodation comprises of: HALLWAY With spotlights to ceiling.
Leading to: LIVING/DINING ROOM A bright and well-proportioned reception room with a wood burner and fully glazed sliding doors opening into the conservatory, allowing natural light to flow through the space.
Open to: KITCHEN Fitted with a contemporary range of wall and base units with worktops over and inset sink.
Integrated double oven, electric hob with cooker hood above, fridge/freezer, space for a slimline dishwasher, washing machine and tumble dryer. Breakfast bar and window to the front aspect.
CONSERVATORY A useful additional reception space with windows to the rear aspect and external door. BEDROOM TWO Double bedroom with built-in sliding wardrobes and window to the front aspect.
BEDROOM ONE Air conditioning, double bedroom with built-in sliding wardrobes and window to the rear aspect.
BATHROOM Contemporary white suite comprising P-shaped bath with shower above and glass shower screen, basin set into vanity unit, WC and heated towel rail.
Spotlights to ceiling and a window to the front aspect. GARAGE With up and over door. OUTSIDE The property sits on a deceptively spacious plot with gardens to the front, side and rear.
The enclosed front garden is laid to lawn with a pathway leading to the front door, while the unturfed side garden offers a blank canvas for landscaping or further use, with a wooden shed providing storage.
The rear garden is a particular highlight, designed for low-maintenance living with patio seating areas and established shrubbery to the rear boundary.
With bungalows surrounding the property, the garden enjoys a good degree of privacy.
Tenure: Freehold Heating: Electric central heating, electric heater to conservatory Parking: Off street parking in front of single garage Windows/doors: UPVC double glazing AGENTS NOTE 1.
A section of the front garden is on a separate title; titles to be merged on completion (see image 9) 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.
Returns
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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.
Area
Agent & docs
FAQ
About Heatherset Way, Red Lodge, Bury St. Edmunds, Suffolk, IP28
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