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27-31 High Street, Mildenhall, Bury St. Edmunds, Suffolk, IP28 7EA - Image 1
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27-31 High Street, Mildenhall, Bury St. Edmunds, Suffolk, IP28 7EA

East of England

£275,000
Listed on 27/03/2026

Property Details

Bedrooms
4
Type
Residential Development

Description

This property presents a significant investment opportunity in the bustling market town of Mildenhall. Comprised of multiple units, including a former bank and an existing two-floor apartment, it offers considerable potential for redevelopment. The vacant bank space includes notable features such as strong rooms and office areas, plus access to a substantial basement, making it suitable for various commercial or residential transformations, contingent on necessary approvals. Additionally, there is an approved planning proposal to convert parts of the premises into three separate residential units, which could add substantial value upon completion. The first-floor apartment requires some updating but boasts good-sized rooms that can be enhanced with modern renovations. Outside, there's a rear courtyard providing parking options and extra storage buildings that may be repurposed with the right planning consent. This property is ideal for those looking to capitalize on Mildenhall’s thriving economy, including its proximity to the American airbase.

Investment Analysis

(IP28 area)
Area Average
£285/sq ft
Avg Rent (weekly)
£318
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (IP28)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -4.0%
5 year growth: +7.9%
Investment Disclaimer: Analysis based on IP28 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

27-31 High Street, Mildenhall, Bury St. Edmunds, Suffolk, IP28 7EA
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£992
Based on a loan of £206,250 over 30 years at 4.06% interest

These results are estimates and are 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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