Chain-free purchase with parking and long lease, ideal for first-time buyers or investors.
One-bedroom studio layout, compact and efficient (approx. 250 sq ft)
A compact, chain-free studio apartment close to Bury St Edmunds town centre, ideal for a first-time buyer or buy-to-let investor. The second-floor flat includes an allocated off-street parking space and straightforward, efficient accommodation: entrance hall, sitting room/bedroom, separate kitchen and shower room. With 145 years remaining on the lease and low ground rent, long-term ownership costs are reasonable.
The building dates from the 1970s and the interior is utilitarian rather than high-spec, so there is clear scope for cosmetic upgrading to improve comfort and rental appeal. Heating is electric and services are untested, so buyers should budget for potential updates. The service charge (£320.99 quarterly) and small ground rent (£25) are both modest for managed blocks.
Practical strengths include fast broadband availability, excellent mobile signals and a very affluent, low-crime neighbourhood with easy access to local amenities, West Suffolk Hospital and transport links. Note the area has a medium flooding risk; prospective buyers should check insurance implications. Overall this is a sensible, low-entry purchase for someone seeking a central, low-maintenance pied-à-terre or a straightforward rental unit.
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