Springfield Road, : £130,000
SHARED OWNERSHIP – 50% Share Available. GD Estates are delighted to offer a 50% share of this fantastic two-bedroom, modern second-floor apartment, located just a short walk from the centre of Bury St Edmunds. The internal accommodation comprises two double bedrooms, an open-plan living space and kitchen, and a bathroom. Externally, the property benefits from…
Owners may have the opportunity to increase the share they own in the property through 'stair casing'.
LOCATION The property is ideally located just outside the centre of the popular market town of Bury St Edmunds.
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 offers regular services to surrounding areas, and direct links to London Liverpool St, making it ideal for commuters.
INTERNAL HALLWAY The main building is accessed via an electronic fob, leading to a communal stairwell. The apartment is reached through a communal hallway, with entry via a secure composite door.
Inside, the property features a spacious internal hallway, which opens into the kitchen and living space, and provides access to the bedrooms and bathroom. The hallway also benefits from a large storage cupboard and an electronic intercom system.
KITCHEN Modern kitchen featuring a range of wall-mounted and under-counter cabinets beneath square-edge wood-effect worktops. An inset stainless steel 1.5 sink with drainer and mixer tap. The kitchen includes an integrated electric oven and hob with an extractor fan over, as well as space and plumbing for a dishwasher or washing machine, along with space for a fridge-freezer.
LIVING SPACE 19' 0" x 13' 5" (5.8m x 4.1m) Light and airy living space with uPVC door leading to balcony with views over Bury St Edmunds. Cupboard housing combination boiler. Loft hatch. 2x radiators.
BEDROOM 1 11' 5" x 11' 1" (3.5m x 3.4m) Double bedroom with uPVC window to rear aspect, 1x radiator.
BEDROOM 2 11' 1" x 9' 2" (3.4m x 2.8m) Second double bedroom with uPVC window to rear aspect, 1x radiator.
BATHROOM 7' 2" x 6' 6" (2.2m x 2m) Modern three piece white suite comprising paneled bath with mains shower, tile surround and shower screen, low level WC and pedestal wash hand basin. Heated towel rail.
EXTERNALLY Externally the property has one allocated parking space, and there is guest parking available.
There is a bike store, and communal bin store on the ground floor.
SERVICES Mains services are connected including gas, water, electricity and drainage. Gas fired centeral heating.
Council tax band B - West Suffolk
EPC B
LEASE INFORMATION 50% share available.
A new purchaser has the option to purchase up to 100% of the property.
Property value: £260,000
Monthly rent inclusive of service charge for 2025: £530.69
A lease of 125 years was granted on 10th June 2022
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 Initial Rent and 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 month’s 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.
