THE MEWS DEVELOPMENT with 4 years free service charge up to a value of £17,500 located in the PRIVATE and GATED COMMUNITY of HERRINGSWELL MANOR offering a range of one bedroom APARTMENTS, two bedroom DUPLEXES and three bedroom TOWNHOUSES
built with PREMIUM SPECIFICATIONS THROUGHOUT This exceptional 2 bedroom townhouse was built as a bespoke renovation in 2022. It forms part of “The Mews” consisting of 16 units made up from one bedroom apartments, two bedroom duplexes and three bedroom townhouses all constructed with premium specifications and a range of private outdoor spaces, gardens, patios, roof terraces and balconies.
This unit should achieve a rent of around £1380pcm which will produce a yield of 6.1%. The site has always proved attractive to USAF tenants and rented considerably well. (Contact office for details)
Originally built in 1901 as a family home and later developed in a school until 2001 Herringswell Manor is located in a delightful rural position and yet is only a few miles from the A14/A11 offering direct links to Cambridge and Bury St Edmunds. It is a peaceful and private residential estate of around 50 dwellings set on expansive grounds of around 8.4 acres, the estate showcases meticulously landscaped gardens, meandering pathways, and scenic views. The lush greenery and tranquil surroundings provide a charming setting for residents to enjoy.
The property itself is set over two floors, benefitting from a large open plan, kitchen/lounge/diner benefitting from occupying all of the first floor, a generous sized balcony panning across the width of the property overlooking the landscaped communal area to the front. The second floor offers a good sized primary bedroom, a further double bedroom and family bathroom.
Tenure: Leasehold 999 years remaining. Windows/Doors: UPVC double glazing. Parking: One allocated parking space. Service Charge: £4,397.17 pa, less £2,500 per year up to £17,500 Council Tax: Band D - £2,005.49 pa EPC: D
In more details the accommodation comprises of: ENTRANCE HALL: Stairs to first floor
KITCHEN/LOUNGE/DINER: KITCHEN AREA: Range of wall and base units, oven and ceramic hob with ceiling mounted extractor hood, integrated fridge freezer and inset sink. LOUNGE/DINER: Windows to front, bi-fold doors to balcony and stairs to second floor
STAIRS/LANDING: Storage cupboard.
BEDROOM ONE: French doors to balcony
EN-SUITE: Low level wc, hand basin and corner shower cubicle
BEDROOM TWO: Window to rear
BATHROOM: Low level wc, hand basin, bath with shower over and heated towel rail.
AGENTS NOTE: 1) We are acting on behalf of the official receiver and this may limit both contractual documentation and level of enquires that can be answered. 2) *Special incentive of four years free service charges paid up to a maximum of £17,500. This will be paid on completion by the vendors to the management company. (contact office for details) 3) The 3D walk-though is of a same unit but the opposite hand.
The nearby regional towns of Newmarket, Bury St Edmunds and Thetford have an extensive and more diverse range of facilities. Mildenhall is approximately two miles from the Fiveways roundabout on the A11, where Thetford (11 miles) and Norwich are to the North East. Newmarket (10 miles) and London to the South and South West. Bury St Edmunds (12 miles) to the East can be reached via the A14 East-West trunk road linking East Anglia with the Midlands.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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