1-bedroom flat · IP28 7FE
Listing removedListed 184 days
Opportunity summary
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About
This unique and rarely available ground floor studio apartment is situated within the sought-after Mill Park Gardens estate in Mildenhall, just a short walk from the town centre.
Set within a beautifully converted mill, the property combines character features such as exposed brickwork and cast-iron windows with modern, high-quality finishes, making it an ideal purchase for first-time buyers or those seeking something a little different.
The main living space is thoughtfully designed to maximise both style and practicality, incorporating an open-plan living space with a well-appointed kitchen.
The kitchen features a range of contemporary wall and base units with under-counter LED lighting, a worktop with inset sink and built-in sockets, along with built in appliances.
Underfloor heating runs throughout, while freestanding wardrobes cleverly create a natural division between the living spaces and bedroom.
The lounge benefits from dual cast-iron windows with secondary glazing and French doors opening directly onto the courtyard-style garden.
The bathroom suite is finished to a modern standard, including a P-shaped bath with shower over, high ceilings with exposed beams along with a clean, contemporary feel.
Externally, the property offers excellent outside space.
To the front, there is a communal car park with a decking area overlooking the River Lark, along with an allocated parking space within the estate.
To the rear, the courtyard-style garden is communal but rarely used, offering a sense of privacy.
It is attractively laid to patio and decorative stone, with planting beds, established shrubbery, and decorative floral features, providing a peaceful and characterful outdoor setting.
In more detail the accommodation comprises of: KITCHEN/LOUNGE/DINER/BEDROOM A range of contemporary wall and base units with under-counter LEDs, worktop with inset sink and built-in sockets, built-in oven, electric hob with cooker hood above, integrated slim-line dishwasher, washer/dryer and fridge/freezer.
Wooden flooring with underfloor heating throughout, spotlights to ceiling and freestanding wardrobes in the centre of the room creating a partition between the lounge and dining spaces.
The lounge area has dual cast-iron windows to the side aspect with secondary glazing, and french doors leading to the courtyard style garden.
BATHROOM A modern suite comprising of a P-Shaped bath with shower above, basin set into a vanity unit, WC, LED wall mounted mirror with a second mirrored cabinet, airing cupboard housing the water heater, spotlights to ceiling.
OUTSIDE To front: A communal car park with decking area overlooking the river lark, and an allocated parking space further into the estate.
To rear: A communal but seldom used courtyard style garden laid to patio and decorative stone, with three planting beds and some established shrubbery, with decorative flowers hung on the railings and side gate.
Tenure: Leasehold.
Lease of 125 years with 106 years remaining Heating: Electric underfloor heating Parking: Allocated parking Windows/doors: Cast iron double glazed windows, wooden double glazed double doors Service charge: Approx £150 pcm The Market town of Mildenhall is rich in its history and culture and has been an established settlement since the Stone Age.
Today Mildenhall is known nationally for the nearby USAF air base and its unique Roman Silverware Collection which is known as "Mildenhall Treasure".
Centred around an historical marketplace offering a good range of shopping, education, and leisure services together with many local places of historical interest.
Approximately two miles from the A11 five ways roundabout which gives access to Thetford (12 Miles) and Norwich to the Northeast and Newmarket (10 miles) and London to the South and Southwest.
Other towns within travelling distance are Brandon to the Northeast and Bury St Edmunds to the southeast via the A1101.
Mildenhall also enjoys its modern ‘hub’ facilities with swimming pool, library and medical facilities.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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
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FAQ
About Mill Park Gardens, Mildenhall, Bury St. Edmunds, Suffolk, IP28
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