Houghton Way, : £260,000
GD Estates are delighted to bring to the market this spacious and modern two-bedroom apartment, ideally situated just a short distance from Bury St Edmunds town centre. Offered with no onward chain and only 4 years old, the flat offers generous square footage for a property of its kind and features two generous double bedrooms,…
The town offers an excellent selection of shops, restaurants, cafés, and leisure facilities, including the popular Arc Shopping Centre, the historic Abbey Gardens, and the renowned Theatre Royal.
With excellent transport links, Bury St Edmunds provides easy access to the A14, connecting to Cambridge, Ipswich, and London via the M11. The town's train station (16 minute walk) offers mainline links to London Liverpool Street (2 hours) Cambridge (38 minutes) and Ipswich (29 minutes).
ENTRANCE HALL The apartment is situated on the second floor and is accessed via a well-maintained communal entrance, benefiting from both lift and stair access. Entry to the apartment is through a composite front door, opening directly into the spacious open-plan kitchen, dining, and living area.
OPEN PLAN LIVING AREA 24' 1 (max)" x 19' 2 (max" (7.34m x 5.84m) Well-designed open-plan living area incorporating a fully fitted kitchen and offering ample space for both dining and lounge furniture. The kitchen is equipped with a range of wall-mounted and under-counter cabinets beneath square-edge worktops, complemented by an inset sink with drainer and mixer tap. Integrated appliances include an electric oven and hob with extractor hood over, fridge-freezer, dishwasher, and washer-dryer. Further benefits include two useful storage cupboards, two radiators, and uPVC patio doors opening onto a private balcony, enjoying elevated views across Bury St Edmunds.
BEDROOM 1 14' 10 (max)" x 10' 10 (max" (4.52m x 3.3m) Double bedroom with uPVC window to front aspect, allowing for plenty of natural light, and one radiator. Access to ensuite.
ENSUITE 1 7' 7" x 6' 7" (2.31m x 2.01m) Modern en-suite shower room featuring a walk-in shower with full-length glazed screen and tiled surrounds, low-level WC, and a wall-mounted wash hand basin with storage beneath. Further benefits include a heated towel rail and a wall-mounted mirrored cabinet.
BEDROOM 2 11' 6" x 11' 5" (3.51m x 3.48m) Second double bedroom benefiting from built-in wardrobes, a uPVC window to the front aspect, allowing for plenty of natural light, and one radiator.
ENSUITE 2 7' 7" x 6' 6" (2.31m x 1.98m) Modern en-suite shower room featuring a walk-in shower with full-length glazed screen and tiled surrounds, low-level WC, and a wall-mounted wash hand basin with storage beneath. Further benefits include a heated towel rail and a wall-mounted mirrored cabinet.
EXTERNALLY Externally, the property benefits from an allocated undercover parking space, together with access to a communal bike store and communal bin store.
SERVICES The property features mains water, drainage, gas and electricity. Gas fired central heating.
TENURE The property is LEASEHOLD, chain free, and will be sold with vacant possession.
LEASE DETAILS:
A lease is in place with 994 years remaining.
The annual service charge is £1262.78
POTENTIAL RENTAL FIGURES:
Monthly rent of £1,450pcm (currently being achieved)
Gross yield 6.6%
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.
