Mill Park Gardens, Mildenhall, Bury St. Edmunds, Suffolk, IP28
2 beds | 1 bath | 1 reception | £180,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
- Buy to let only
- Tenant on fixed lease until July 2025
- Rent achieved £1125pcm
- Gross rental yield 7.5%
- Modern two bedroom apartment
- Ground floor
- Open plan living accommodation
- Allocated parking space
- Walking distance from Mildenhall Town Centre
- Leasehold
Material Information
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page
Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :
Ground Rent A recurring payment issued by the tenant to the landlord or property management firm. Read our glossary page
£0.0
Ground Rent Review Period When will your ground rent be assessed and how frequently will it be reviewed. Read our glossary page
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Annual Service Charge An estate's shared area expenses, such as building insurance, lighting, cleaning, and maintenance, are typically covered by a periodic payment that is commonly made on a yearly basis. Read our glossary page
£0.0
Length of Lease The duration of time you have acquired the leasehold, or the right to reside in a property. Read our glossary page
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Size The size of a property or land refers to its physical extent or area. Read our glossary page
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Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page
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Offered to the market as BUY TO LET only with a tenant in place on a LEASE until NOVEMBER 2026 paying £1,150pcm giving an impressive gross rental yield of 7.6%.
Located within walking distance to Mildenhall Town Centre and the local amenities, this modern two bedroom ground floor apartment is situated on the popular Mill Park Gardens development and boasts a good sized open plan kitchen/living area, two bedrooms and a modern bathroom and an allocated parking space close by.
In more detail the accommodation comprises of:-
ENTRANCE HALL:
Entry phone.
KITCHEN/LOUNGE/DINING ROOM:
Range of wall and base units with integrated electric oven with gas hob and extractor hood over, washer/dryer and dishwasher, sink and drainer and windows to front.
BEDROOM ONE:
Window to rear.
BEDROOM TWO:
Window to front.
BATHROOM:
White suite comprising of low level wc, pedestal hand basin and bath with shower over and window to front.
OUTSIDE: Allocated parking for one car, communal gardens and bin store.
Tenure: Leasehold with 108 years remaining
Construction type: Brick and tile
Restriction and rights: Conservation Area: Mildenhall
Parking: Allocated parking space.
Windows/doors: UPVC double glazing
Council Tax: Band B - £1,704.56 annual amount (2024/2025)
EPC: C 77
Service charge: Approximately £1600 per annum
Ground rent: £250 per annum
Water supply: Meter
Drainage: Mains
Flood risk: Zone 1 - Low Risk
EV charging point: No
Electric supply: Standard Metered Account
Broadband: Superfast 80 mbps download speed
Mobile network: Vodaphone (Limited), EE (Limited), O2 (Limited), Three (Limited)
AGENTS NOTES:
1) Stock photos used
2) Broadband speed and mobile phone networks as stated in Ofcom mobile and broadband checker The speeds indicated on the checker are the fastest estimated speeds predicted by the network operator(s) providing services in this area. Actual service availability at a property or speeds received may be different.
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