Mill Street, Mildenhall, Bury St. Edmunds, Suffolk, IP28

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Balmforth - Mildenhall Phone: 01638 318903

An excellent opportunity for first-time buyers and investors alike, this well-presented one-bedroom top floor apartment is ideally situated in the heart of Mildenhall, within easy walking distance of local shops, amenities, and picturesque riverside walks.<br/><br/> Offered to the market chain free with vacant possession available from October, the property provides a ready-to-move-into home or a straightforward addition to an investment portfolio. The accommodation comprises a bright and comfortable living space, fitted kitchen, double bedroom, and bathroom, with the added benefit of electric heating throughout.<br/><br/>Externally, the property benefits from an allocated parking space to the rear for one vehicle.<br/><br/>For investors, the apartment is expected to achieve a rental income of approximately £700 per calendar month, representing an attractive gross yield of around 8.84%.<br/><br/>This centrally located apartment offers convenience, affordability, and strong investment potential, making it suitable for a wide range of purchasers.<br/><br/>In more detail the accommodation comprises of:<br/>KITCHEN: 6'10" x 7'3" (2.08m x 2.21m) <br/>Range of wall and base units, oven, hob, washing machine, under counter fridge, sink<br/><br/>BEDROOM/LOUNGE: 9'10" x 13'1" (3m x 3.99m)<br/>Wardrobe, desk, single pull out bed, TV and telephone point, window to front. <br/><br/>BATHROOM: 6'9" x 5'1" (2.06m x 1.55m)<br/>Low level WC, pedestal hand basin, shower enclosure. <br/><br/>OUTSIDE:<br/>Rear: Allocated off street parking.<br/><br/>Tenure: Leasehold. Lease of 125 with 102 years remaining<br/>Service Charge: Approx. £100pcm<br/>Parking: Allocated to rear<br/>Heating: Electric heating<br/>Construction Type: Brick & tile<br/>Windows/doors: UPVC Double glazing<br/>Council Tax: Band A - £1,535.08 (2026/2027)<br/>Drainage: Mains<br/><br/>AGENTS NOTE:<br/>1. Internal stock photos used<br/><br/>The Market town of Mildenhall is rich in its history and culture and has been an established settlement since the Stone Age. Today Mildenhall is known nationally for the nearby USAF air base and its unique Roman Silverware Collection which is known as "Mildenhall Treasure". Centred around an historical marketplace offering a good range of shopping, education, and leisure services together with many local places of historical interest. Approximately two miles from the A11 five ways roundabout which gives access to Thetford (12 Miles) and Norwich to the Northeast and Newmarket (10 miles) and London to the South and Southwest. Other towns within travelling distance are Brandon to the Northeast and Bury St Edmunds to the southeast via the A1101. Mildenhall also enjoys its modern ‘hub’ facilities with swimming pool, library and medical facilities.