Princes Street
- Attention first time buyers investors
- No onward chain
- Walking distance from town centre
- Council tax: a
- If sold as an investment, high rental return
- Long length lease peppercorn leasehold charges
- Years remaining: 998 years
- Current ground rent: £0
- Ground rent review period: Contact branch
- Annual service charge: £0
- Ground rent increase: Contact branch
Council Tax Band: A
Tenure: Leasehold
This first floor apartment new to market is situated in a very sought-after location; 5 minute walk from the town centre, ARC shopping centre, supermarkets, local to the hospital, and a 15 minute walk from the train station. The property is situated in Victoria Street conservation area, and the apartment is a Victorian landmark building (former laundry). The home benefits from an open plan lounge / kitchen-diner, One bedroom with large storage cupboard, built in wardrobes, and shower room. This property is currently tenanted so is being marketed to investors only. With 999 years on the lease, no ground rent charges, and minimal service charge. Our vendor also has two other flats in the same block (one ground floor, and one top floor) which could also be available to the right buyer, and if all three flats were purchased, the freehold for the building would be up for negotiation if requested.
Lounge / Kitchen
13' 2" x 11' 10" ( 4.01m x 3.61m )Bedroom
9' 4" x 8' 11" ( 2.84m x 2.72m )Shower Room
7' x 5' 3" ( 2.13m x 1.60m )Agents Note
It is our understanding that the property as a whole is currently held under a Freehold title. To enable to the sale of the flat, the vendor has advised that a Draft Lease will be created which would be finalised on completion in preparation for submission at Land Registry. We recommend that you seek guidance with regards to any financial arrangements and timeframes associated with this process to ensure that it will meet your requirements.Use our handy mortgage calculator to estimate what your monthly repayments could be. Edit the fields below with the relevant details or, if you’d like a more accurate view on what your repayments could be, complete our mortgage enquiry form below and our Mortgage Consultant will be in touch.
* Terms and Conditions apply.
Mortgage enquiry
BURY ST. EDMUNDS
Suffolk
IP33 1BJ
LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP.
**THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.
A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.
ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.