Summary - 16 THYME CLOSE RED LODGE BURY ST EDMUNDS IP28 8FT
2 bed 2 bath Apartment
Affordable shared-ownership option ideal for first-time buyers near key road links.
- Two bedrooms, main with en-suite
- Open-plan living room/kitchen with integrated appliances
- Allocated off-street parking and communal bike store
- Ground-floor position, juliette balcony to rear
- Shared ownership at 77.65% (rent c. £160pcm)
- Service charge c. £1,512 per year; leasehold tenure
- Modest internal size; no private garden
- EPC ~78, gas central heating, double glazing
This modern two-bedroom ground-floor apartment sits in a quiet cul-de-sac in Red Lodge, built in the mid-2000s and finished to a contemporary standard. The open-plan living room/kitchen benefits from integrated appliances, wood-effect flooring and a juliette balcony, while the main bedroom includes an en-suite shower room. Allocated off-street parking and a communal bike store add practical convenience for daily life.
The home is offered as shared ownership at a 77.65% share, with a monthly rent of approximately £160 and an annual service charge around £1,512. Tenure is leasehold and the property is served by mains gas central heating and double glazing, with an EPC around 78 — meaning running costs and comfort are likely reasonable.
Space is modest throughout: rooms are practical rather than expansive and there is no private garden or exceptional external view. This makes the apartment well suited to a first-time buyer or small household seeking an affordable entry into the area, or an investor looking for a straightforward let in a low-crime, well-connected neighbourhood.
Important practical points: Shared ownership affects mortgage and purchase options, and buyers should confirm lease length and any staircasing terms. Service charge and rent are ongoing costs that reduce total monthly outlay compared with full ownership but will influence affordability and resale value.
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