1-bedroom house · IP33 1XY
Listing removedListed 1799 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Built by McCarthy & Stone for the over 70's this modern first floor one bedroom apartment is situated within the Cross Penny Court Development in the Town.
The apartment offers sitting room, fitted kitchen, bedroom and bathroom. There is a communal lounge, dining room, laundry, guest facilities, hobby room and gardens.
The care provider is YourLife Management Services and there are assisted living schemes available with on site care staff. *This property is currently subject to probate.
Tenure: Leasehold Lease End Date: 01/01/2139 Lease Term: 125 years Lease Term Remaining: 115 years Half Yearly Ground Rent: £217.50 Half Yearly Service Charge: £3,931.07 Entrance Hall (8' 3'' x 5' 1'' (2.51m x 1.54m) Maximum) Storage (3' 10'' x 6' 1'' (1.17m x 1.85m)) Bathroom (8' 3'' x 9' 5'' (2.51m x 2.87m) Maximum) Sitting Room (20' 6'' x 10' 9'' (6.24m x 3.28m) Maximum) Kitchen (8' 6'' x 7' 5'' (2.58m x 2.26m) Maximum) Bedroom One (15' 0'' x 10' 0'' (4.58m x 3.05m) Maximum)
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.
Area
Agent & docs
FAQ
About Flat 36, Cross Penny Court, Bury St. Edmunds
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