# 1 bedroom flat for sale (IP33 1DR) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 2, THE OLD POST OFFICE, MARKET THOROUGHFARE, BURY ST EDMUNDS, SUFFOLK IP33 1DR | | Price | £179,995 | | Bedrooms | 1 | | Council tax | TBC | | Floor area | 53 m² | | Last sold | £175,000 Jul 2024 | ## EPC Rating & Upgrade Cost - **Current rating:** B - **Potential rating:** B - **Expiry date:** 18/02/2033 - **Current heating cost:** £182/year [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9513-1072-3332-6737-5210) ## Description 1 Bedroom first floor apartment with fully fitted kitchen and flooring. The Old Post Office redevelopment of 12 first class apartments over three floors set in the town epicentre with permit parking. Located in the epicentre of Bury St Edmunds, The Old Post Offi ce has been re-imagined into 12 modern, new, highly individual apartments. Only a short walk from all the independent shops, cafés and restaurants the town is famed for, these luxury apartments provide town centre living at its most convenient. With the Abbey Gardens on the doorstep and the beautiful Suffolk countryside within biking distance, you can have the best of both, the vibrant town centre, and the peaceful rural setting beyond. Easy access to London, Norwich and Cambridge is provided by train or car, which means Bury St Edmunds is perfectly located within the county for any commute. KITCHEN Individual modern gloss kitchens with worktops and upstands Zanussi integrated oven, induction hob and extractor hood (flats 11 & 12 - Bosch) Integrated dishwasher and fridge/freezer EN SUITES AND BATHROOMS Contemporary white sanitary ware with chrome fittings Extensively tiled bathrooms Heated ladder towel rails INTERNAL FINISHES White painted ceilings and neutral emulsions to walls White satin paint to all woodwork ‘Pre-finished’ doors with brushed-steel ironmongery FLOORING Luxury Karndean to living spaces, hallway and wet areas Carpet to bedrooms HEATING Insulation and reduced heat-loss standards that meet or exceed the latest Building Regulations targets Radiators via a central system by airsource heat pumps and photovoltaic panels metered by usage ELECTRICAL LED downlights throughout complemented by pendants TV points to all principal rooms BT points to all principal rooms Fibre-enabled Smoke alarms, with heat alarm to kitchen Security video entry system Lift to all floors EXTERNAL Powder-coated aluminium triple-glazed windows Multi-locking front and patio doors (where fitted) Outside lighting to terrace (flats 11 & 12) Bike store PARKING A parking permit is available for the Cattle Market/Arc car park, currently £1095pa SERVICES Mains electricity, water and drainage 10 year LABC Warranty CHARGES 125 year lease Peppercorn ground rent Service charge to be agreed, proportional to size of apartment £1000 reservation fee ## Property Photos - ![Picture No. 20](/listings/photos/86538267/1231481) - Picture No. 20 - ![Picture No. 15](/listings/photos/86538267/1231482) - Picture No. 15 - ![Picture No. 16](/listings/photos/86538267/1231483) - Picture No. 16 - ![Picture No. 17](/listings/photos/86538267/1231484) - Picture No. 17 - ![Picture No. 18](/listings/photos/86538267/1231485) - Picture No. 18 - ![Picture No. 19](/listings/photos/86538267/1231486) - Picture No. 19 - ![Picture No. 07](/listings/photos/86538267/1231487) - Picture No. 07 ## Floorplans - ![Floorplan](/listings/photos/86538267/1231488) - Floorplan - ![Picture No. 03](/listings/photos/86538267/1231489) - Picture No. 03 ## EPC Graphs - ![EPC Rating Graph](/listings/photos/86538267/1231490) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | THE OLD POST OFFICE FLAT 2 MARKET THOROUGHFARE, BURY ST EDMUNDS, WEST SUFFOLK, SUFFOLK, IP33 1DR | £175,000 | 16/07/2024 | Flat | ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £211,844 (26 Flat, IP33, 2024–2026) - **Deviation:** -15% ## Rental Range *ONS Price Index of Private Rents (East of England). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,153/mo - **Realistic:** £1,281/mo - **Optimistic:** £1,409/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Bury St Edmunds (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £628/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 1 Bed Flat, Gosnold Street, IP33 | £1,250/mo | 1 | 0.07 miles | OpenRent | | 1 Bed Flat, St. Johns Street, IP33 | £1,075/mo | 1 | 0.3 miles | OpenRent | | 1 Bed Terraced House, Westgate Street, IP33 | £1,000/mo | 1 | 0.34 miles | OpenRent | **Average rent: £1,108/mo (3 listings)** ## 1% Rule - **Rent ratio:** 0.6% (weak for cashflow) - **Max investor price (0.8%):** £134,375 - **Target investor price (1%):** £107,500 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,075/mo).* - **Gross yield:** 7.2% - **Cost-to-rent:** 14× - **Monthly cashflow:** £234/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 5.4% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Price per Square Metre - **£/m²:** £3,396/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -17.8% - **10y growth:** -13.1% ## House Price Index (HM Land Registry) *Official index for East of England; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** 2.6% - **5y growth (index):** 2% - **10y growth (index):** 14.3% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)