Studio flat for sale

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Studio flat for sale

Stamford Court, Bury St. Edmunds
£80,000

Our Summary

  • Due to the length of the lease, 99 years from 1982, cash buyers are preferred
  • CASH BUYERS PREFERRED DUE TO LENGTH OF LEASE

Description

This top-floor studio flat is located above shops on Horringer Road, just outside Bury St Edmunds town centre, and is offered for sale chain-free. The property benefits from a parking space to the rear and is an attractive investment opportunity, with a potential net yield of 7.25-8% per annum, based on a rent of £7200-7800 per year. The internal space includes an entrance hall, dual-aspect studio room, kitchen, and bathroom. Due to the lengthy lease, 99 years from 1982, cash buyers are preferred. With easy access to the town centre and West Suffolk Hospital, this property is an ideal purchase for an investor or someone looking for a convenient and affordable home.