Flat for sale on

St. Olaves Precinct

Bury St Edmunds, IP32

Tenure: Leasehold

ATTENTION INVESTORS! Located within a popular residential estate in Bury St. Edmunds, this two-bedroom apartment offers a fantastic investment opportunity with a current 10.4% gross yield. 

With a twice-weekly market, shopping centre, and numerous events held, it is apparent why the historic town of Bury St Edmunds is becoming ever-popular in which to reside. The vast amount of character the town offers, alongside superb commuting routes into both London and Cambridge via the A14 and M11, is unparalleled.

The town truly provides the perfect balance of peaceful living with country parks holding numerous trails, and the hub and excitement of local and further afield nightlife.

The property is located within 2 miles of the town centre, and 1.4 miles from the train station, perfect for any regular commuters.

Upon arrival, off-street parking can be found at the rear before leading to the communal staircase. Shared access runs along the periphery with each apartment following suit. (All provide private front balcony space.)

The property comprises:

LIVING ROOM: 12'5" x 17'0" (3.79 x 5.18m):

Spacious living space with UPVC double-glazed windows, overlooking the front terrace. Hard flooring. Small cupboard supporting electric metre.

HALLWAY: 10'3" x 2'7" (3.15 x 0.80m:

Housing an airing cupboard and providing access to the kitchen, bathroom, bedroom 1 and bedroom 2. Vaulted ceiling and hard flooring. 

KITCHEN: 7'5" x 9'0" (2.26 x 2.74m):

A range of low and eye-level kitchen units, with stainless steel sink and drainer. Electric oven, hob and extractor fan. Space available for fridge/freezer and plumbing available for washing machine. Large shelved cupboard, housing the fuse box. Vaulted ceiling and hard flooring.

BATHROOM: 7'5" x 4'8" (2.28 x 1.44m):

Three-piece family bathroom with wc, basin, shower over bath and heated towel rail. Vaulted ceiling and hard flooring.

BEDROOM 1: 12'10" x 9'0" (3.92 x 2.75m):

Master bedroom with UPVC double-glazed windows and door, providing access to the private rear balcony. Carpet flooring.

BEDROOM 2: 9'8" x 8'1" (2.95 x 2.47m):

Double bedroom with UPVC double-glazed windows. Storage cupboard. Carpet flooring. 

EXTERNAL:

To the rear of the property is a second private balcony, accessible via the master bedroom.

The apartment is located above a small 10-shop trading precinct which includes: SPAR, Pharmacy, Furniture Store and eateries.

Electric heating.

Service Charge: £1,500 p.a

EPC Rating - E

NO GROUND RENT!

*Awaiting vendor approval

We endeavour to make sales particulars accurate and reliable. However, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any service, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. Please note that we have not inspected the garage or the loft so we cannot comment on the condition of these.

EPC rating: E. Council tax band: A, Tenure: Leasehold, Annual service charge: £1500,