Maltings Way, : £175,000
Tenanted investment with an 8.2% gross yield! We are delighted to present this excellent investment opportunity on the popular Maltings Way, offered to the market with a tenant in situ and generating an attractive gross yield of 8.2%. This well-maintained and fully compliant two-bedroom apartment is presented in fantastic condition throughout. The accommodation comprises two…
Bury St Edmunds offers a wide range of educational, recreational, and cultural facilities, including the Arc Shopping Centre, Theatre Royal, and Abbey Gardens.
The town also boasts a train station (7 minute walk) with mainline links to London Liverpool Street (2 hours) Cambridge (38 minutes) and Ipswich (29 minutes) , and the A14 trunk road is within easy access.
INVESTOR INFORMATION - Asking price: £175,000
- Current rent: £1,200pcm / £14,400 p/a
- Gross yield: 8.2%
- Service Charge (PA) - £1,162.12
- Ground rent (PA) - £1
- EPC B (valid until 2034)
- Valid EICR
- Valid Landlord gas safety certificate
- Protected deposit
- Life safety inspection passed
- Right to rent checks completed
* All paperwork available upon request
ENTRANCE HALLWAY The property is accessed via a communal stairwell and opens into an entrance hallway, which provides access to all accommodation. The hallway also benefits from two storage cupboards and an electronic intercom system.
LIVING ROOM 14' 8" x 10' 7" (4.47m x 3.23m) Open to the kitchen, the light and airy living room has a uPVC window to side aspect and two radiators.
KITCHEN 9' 11" x 9' 6" (3.02m x 2.9m) The well-appointed kitchen is fitted with a range of wall-mounted and base units set beneath square-edge granite-effect worktops. Features include an inset stainless steel one-and-a-half bowl sink with drainer and mixer tap, an integrated electric oven, and a gas hob with extractor hood above. There is space and plumbing for either a dishwasher or washing machine, together with additional space for a freestanding fridge freezer. A uPVC window to the side aspect provides natural light.
BEDROOM 1 12' 11" x 11' 11" (3.94m x 3.63m) The double bedroom benefits from fitted wardrobes, a uPVC window to the side aspect, and a radiator. Access to ensuite.
ENSUITE Featuring a three-piece white suite comprising a tiled shower cubicle with mains-fed shower, low-level WC, and pedestal wash hand basin. Additional features include a heated towel rail and extractor fan.
BEDROOM 2 10' 2" x 8' 8" (3.1m x 2.64m) The second double bedroom benefits from a built-in wardrobe, a uPVC window to the side aspect, and a radiator.
BATHROOM 6' 11" x 6' 8" (2.11m x 2.03m) The bathroom is fitted with a three-piece white suite comprising a panelled bath with mains-fed shower over, a low-level WC, and a pedestal wash hand basin. Additional features include an obscure uPVC window to the side aspect and a heated towel rail.
EXTERNALLY Externally, the property benefits from an allocated parking space and access to communal gardens.
SERVICES The property features mains water, drainage, electricity and gas. Gas fired central heating.
TENURE The property is LEASEHOLD and will be sold with a tenant in situ.
Lease details:
A lease of 999 years was granted on 01/01/2006 with 979 years remaining.
Service Charge (PA) - £1,162.12
Ground rent (PA) - £1
TENANCY DETAILS - The current tenancy was granted in August 2026.
- The tenant pays a monthly rent of £1200pcm, which is reflective of current market prices.
- The tenancy was set up in line with all new regulations.
- Tenant is a single occupant, working professional.
Holding Deposits:
A holding deposit, equal to 1 weeks rent, is payable upon the start of the application.
Successful Applications - any holding deposit will be offset against the Deposit, with the agreement of the payee.
Fees, payable in accordance with the Tenant Fees Act 2019:
Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract £50 (inc. VAT) per agreed variation. (To cover the costs associated with taking landlord´s instructions as well as the preparation and execution of new legal documents)
Change of Sharer £50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. (To cover the costs associated with taking landlord´s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination: Should the tenant wish to leave their contract early, they shall be liable to the landlord´s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Deposit:
A deposit equal to 5 weeks rent (6 weeks rent, where the annual rent greater than £50,000.00). The deposit and first months rent is payable once the references have been passed and before the tenancy begins.
GD Estates is a member of CMP Propertymark, which is a client money protection scheme, and also a member of TPOS (The Property Ombudsman Service), which is a redress scheme. You can find out more details on the agent’s website or by contacting the agent directly.
Contact Us for more details or to arrange a viewing.
