2-bedroom flat · IP12 1AE
Listing removedListed 200 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
With views out to the River Deben, this first floor apartment is a great opportunity for first time buyers, downsizers or an investment purchase.
Offered for sale with no onward chain and an allocated off road parking space. This two bedroom apartment offers well presented accommodation, situated in a popular residential area.
Built by Bellway Homes on the former Deben Mill, this modern, well maintained development has a secure entry system with lifts to all floors.
The front door opens into an entrance hall where there are two handy storage cupboards, one with a water softener. Another door leads into a further hallway where there are doors to all rooms.
The open plan kitchen/dining/sitting room has a Juliet balcony to the rear aspect, with views out to the River Deben.
The kitchen has been fitted with a number of eye level and base units with worktops over and an inset sink and drainer.
There is space for a fridge freezer and washing machine, with a fitted oven, hob and extractor fan over. The main bathroom has been fitted with a bath with shower attachment, a wc and basin.
Bedrooms one and two face the rear aspect, and the main bedroom benefits from built in wardrobes and an ensuite shower room which has a shower cubicle, wc, basin and towel radiator.
Outside There are communal landscaped areas surrounding Old Maltings Approach, as well as a bike store and letterbox.
There is an allocated parking space for the apartment with visitors spaces available.
Any intending viewers or purchasers are advised of the following: An EWS1 form (External Wall Survey) may be recommended for certain apartment buildings dependant on issues such as the height of the structure.
The positioning of balconies and composition of any external cladding.
Fenn Wright have not undertaken any such assessment in respect of this particular property and this note has been added to all flats being offered for sale throughout our business as appropriate general guidance.
We recommend that potential purchasers seek advice from their solicitor and an independent Chartered Surveyor before committing to a purchase.
Important Information Council Tax Band - B Services - We understand that mains water, drainage and electricity are connected to the property.
Tenure - Leasehold Lease - 125 years from November 2003 Annual service charge - £2382 Annual ground rent - £150 (Subject to confirmation from the management company and/or, these charges are for the current year and maybe subject to change) EPC rating - C Please be advised that prospective purchasers may need to seek advice from their legal representative and/or financial advisor due to recent changes in legislation surrounding the Building Safety Act.
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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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 advisors 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
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FAQ
About 25, Old Maltings Court, Melton
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