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See how verdicts workStudio flat · IP33 1SN
Listing removedListed 389 days
Opportunity summary
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About
Attractive town centre mixed residential and commercial investment property. Currently producing a total rental income of £101,000 per annum. Gross Investment Yield 8.08%.
LOCATION The property is situated just to the north of the main shopping centre of Bury St Edmunds and in a popular street of mixed residential and shopping use.
The main town centre is within a few minutes’ walk. Bury St Edmunds has a current population of approximately 45,000 and a catchment area of approximately 150,000.
There is good access to the A14, A11 (M11) and the railway station at Bury St Edmunds offers a link to mainline services to London Liverpool Street and Kings Cross.
DESCRIPTION 1920’s built 3 storey building converted into 8 flats and one business unit.
The front of the property is 1920’s and is in the conservation area, however, the rest of the property was built in the 1970’s.
ACCOMODATION The flats and their floor areas are shown on the attached floor plans. RESIDENTIAL TENANCIES The flats are let on Assured Shorthold Tenancies.
All the necessary notices under Section 21 have been served. Tenants are a mix of employed and USAF personnel. There are currently no voids.
Assured Shorthold Tenancies are available on request from the agent. INTERNAL VIEWING OF FLATS IS NOT POSSIBLE.
BUSINESS LEASE 30 St Johns Street ground and part of first floor is subject to a business lease to Inspire Social care services (Newmarket) Limited on the main headline terms: • Internal Repairing and Insuring Lease • 5 year lease commencing on 23rd January 2025 • Rent £12,000 per annum • No Rent Review • Outside Landlord & Tenant Act 1954 Full lease details are available from the Agent.
ENERGY PERFORMANCE CERTIFICATE (EPC) EPC’s available upon request from the agent.
COUNCIL TAX BANDS 31, 32B-F Council Tax Band A 32A Council Tax Band B BUSINESS RATES The Rateable Value of 30 St Johns Street is currently being assessed by the Valuation Office.
The current tenant is responsible for paying the business rates. LOCAL AUTHORITY West Suffolk Council. West Suffolk House, Western Way, Bury St Edmunds, Suffolk IP33 3YU.
SERVICES Mains electricity, water and drainage are connected. Gas is connected to 32 St Johns Street only. TENURE Freehold.
RIGHTS OF WAY There is a fire exit at the rear of the building over the adjacent Bushel pub car park. VAT The sale is not subject to VAT. METHOD OF SALE The property is available by Private Treaty.
The Vendors reserve the right to invite best offers.
AGENT’S NOTE • Please note the ground floor and part of the first floor of 30 St Johns Street is let on a commercial lease and is not a residential flat as the floor plans indicates.
• Inspire Social care services (Newmarket) Limited business is unaffected.
• Property particulars prepared March 2025 • THIS IS AN INVESTMENT SALE, AND THERFORE IT IS NOT POSSIBLE FOR AN INTRENAL VIEWING OF THE FLATS, AS THEY ARE ALL OCCUPIED.
VIEWING AND FURTHER INFORMATION Strictly by appointment only. To arrange a viewing or for further information please see attached property particulars.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 St. Johns Street, Bury St. Edmunds, Suffolk, IP33
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