Summary - 17 SHIP GARDENS MILDENHALL BURY ST EDMUNDS IP28 7DL
2 bed 1 bath Apartment
Refurbished, chain-free over-55s flat with riverside views; lease extension needed..
Refurbished two-bedroom first-floor apartment with river views
Over-55s development with communal grounds and residents’ parking
Chain free — available for quick completion
Lease 61 years remaining — mortgage lenders likely to refuse
Service charge approx. £3,330.90pa; ground rent £202.36pa
Electric storage heating — potentially higher running costs
Recently updated kitchen, bathroom, heating and pull-cord system
Council Tax Band A (relatively low); broadband superfast
A chain-free, recently refurbished first-floor apartment in an over-55s development overlooking the River Lark. The flat is move-in ready with a modern kitchen and bathroom, new heating and pull-cord systems, a balcony with riverside views and communal grounds. Residents’ parking is available and the town centre and bus station are within easy walking distance.
Important practical points are clear: the lease has only 61 years remaining, which will limit mortgage availability and will likely require a lease extension before most lenders will approve a mortgage. The property carries a significant service charge (approx. £3,330.90pa) and a small ground rent (£202.36), and heating is via electric storage heaters — running costs may be higher than gas-heated alternatives.
This home suits a purchaser seeking a low-maintenance riverside retirement property who can manage lease matters (cash buyer or prepared to arrange a lease extension). The council tax band is low and broadband is fast, but the local recorded crime level is high; buyers should factor local safety and service considerations into their decision.
No onward chain makes a quick sale possible, but because of the short lease and electric heating buyers should obtain mortgage and running-cost advice early. Lease extension options are available and will be important for future resale and mortgageability.
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