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Out Risbygate, Bury St. Edmunds 10 bed detached house for sale
Out Risbygate, Bury St. Edmunds IP33
£1,200,000
Out Risbygate, Bury St. Edmunds IP33
£1,200,000
Our Summary
- An excellent investment opportunity to purchase this impressive red brick detached period property, in a fantastic location with easy access to the town centre and amenities
- The property has been well maintained with various improvements over the years by the current owner, the extensive cellars which are currently used for storage also have the potential to be converted into a further 3 bed apartment (planning permission dependent)
- Unique Investment Opportunity
Description
This impressive red brick detached period property, built in 1903, has been professionally converted into five individual apartments, offering fantastic rental yields of circa 6.3%. The property boasts a fantastic location with easy access to the town centre and amenities, and features a detached cart lodge with covered parking spaces and low-maintenance landscaped communal gardens. Each apartment has been well-maintained with various improvements over the years, including double glazing, gas-fired central heating, and modern bathrooms. The apartments vary in size and layout, ranging from one to three bedrooms, and offer a range of features such as bay windows, open-plan kitchens, and storage cupboards. The property is sold freehold, and the sale includes the freehold of leaseholds, with the apartments having a 125-year lease remaining. The location is perfect for those who want to be close to the historic town centre, with its unique blend of old and new, and its range of amenities, including well-regarded schools, sports facilities, and independent shops.