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One-bedroom flat requiring refurbishment

Ipswich, IP2 - Get Access

1 bed

Description

A one-bedroom flat situated to the south of Ipswich town centre, conveniently located for the railway station and a range of local amenities. The property requires full refurbishment throughout and offers good scope to improve and add value. Once modernised, it will appeal well to the local rental market, where there is strong demand for this type of accommodation. Further benefits include vacant possession and residents' parking. The property also has sensibly priced outgoings, with a service charge of approximately £130 pcm and ground rent of just £75 per annum. The flat is leasehold with 99 years from 1977 and is priced competitively for auction.
Comparable sales
Flat 9, Chilton Court, Belstead Avenue, IP2 8NS 0.0 mi
Flat • Mid-Terrace 2 rooms EPC C (2024)
377 sq ft
£57,500
1 year ago
Flat 6, Chilton Court, Belstead Avenue, IP2 8NS 0.0 mi
Maisonette • Mid-Terrace 2 rooms EPC D (2020)
377 sq ft
£71,000
11 months ago
Flat B, Chilton Court, Belstead Avenue, IP2 8NS 0.0 mi
Flat
£120,000
3 years ago
Estimated market value
£
Range: £ — £
Low confidence Floor Area: 377 sq ft (EPC)

The property is a one-bedroom flat in a purpose-built block. Valuation is based on comparable sales within the same building, with adjustments for condition and size. The property's poor condition and significant disrepair have been key considerations.

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