The Aspals, Beck Row, Bury St. Edmunds, Suffolk, IP28
1 bed | 1 bath | 1 reception | £8,047,500 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
- Portfolio of 40 properties
- Mix of 1,2,3 & 4 bedrooms
- Mixture of semi detached and detached properties
- Bungalows
- All undergone comprehensive refurbishment
- Off street parking
- Electric heating to all properties
- Short drive from USAF Mildenhall and Lakenheath
- Close to local amenities
- Freehold
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 :
This large group of forty-one low density bungalows form part of a larger portfolio of between 60 and 70 properties all located centrally on private roads in Beck Row. The majority of the properties are let to serving USAF personnel located at either the adjacent USAF Mildenhall or USAF Lakenheath.
In recent years all the properties have undergone a comprehensive refurbishment to include new wiring , electric heating systems new Windows kitchens bathrooms and flooring.
Other parts of the portfolio are also available in separate units, please contact the office for details.
All forty-one properties are of similar size and layout extending to 44.50 - 93.70 m sq. or 479 - 1009 sq. ft, there is a mixture of one, two, three and four bedroom properties and a mixture of Detached and Semi-detached all with gardens to front and rear and off street parking.
The below units are included ;
1 Bedrooms -
5A & 10A Aspal Close.
2 Bedrooms -
27a, 28, 29, 30, 32, 43, 44, 45, 46, 47, 49, 50 51 & 52 Aspal Park.
1, 2, 3 & 7 Morley Close.
1,2,4,5,10,11,13 Aspal Close.
2,3,5,6,7,8,9 Aspal Hall Road.
3 Bedrooms -
3,6,7,9,12 Aspal Close.
4 Bedrooms -
1 & 4 Aspal Hall Road.
All forty-one units are on a rental income between £1,150 pcm and £1,390 pcm and produces a yield of over 7% for the group. With exceptionally high occupancy levels, The properties are always in demand for single servicemen/women whose allowance is currently £1,215 pcm. The two USAF air bases have around 20,000 personnel and dependants producing strong local demand properties such as this.
For the majority of the lettings which are to USAF military members, the tenancy terms are favourable with extremely reliable rental payments and tenancy behaviour.
The properties are located around one mile from USAF Mildenhall and four miles from USAF Lakenheath. USAF military personnel are encouraged to live close to the bases it is not only their place of employment but the majority of the services and facilities they require are located on base.
Properties are currently under the full managed service by Balmforth Estate Agents with our office adjacent to RAF (USAF) Lakenheath gate and we can supply details for these services and costs.
Although the rental demand is currently dominated by the USAF market the vibrant centre of Bury St Edmunds (16 miles), Newmarket (14 Miles) and Cambridge (25 miles) heavily influences the local housing market and economy.
Agent notes:
1. Floorplan and photographs are of a mixture of properties included within the portfolio and the EPC provided as a sample is for number 1 Aspal Close.
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