Summary - Flat 817 Mill House, The Mill, College Street IP4 1FW
1 bed 1 bath Apartment
Waterside one-bed with tenants producing an attractive gross yield — cash buyers only..
Eighth-floor one-bedroom apartment with marina waterfront position
A compact one-bedroom apartment on the eighth floor of Mill House, positioned directly on Ipswich Marina. Currently let with tenants in situ, the flat delivers a strong advertised gross yield of around 8.2%, making it suitable for buy-to-let investors or cash purchasers seeking immediate rental income. The building has lift access, fob-secured entry and an allocated off-street parking space within a secured car park.
Practical details to note: the property is leasehold with about 106 years remaining. Service charge and ground rent are notable ongoing costs at approximately £1,200 and £300 per year respectively. Heating is electric (room heaters) and the apartment is double-glazed; this can mean higher running costs compared with gas-heated flats.
Location strengths include waterside outlook, easy walk to Ipswich town centre, fast broadband and excellent mobile signal. Nearby is a mixed, student-oriented neighbourhood with many local amenities and several schools rated Good. However the wider area records higher crime levels and broader deprivation indicators, which may affect tenant profiles and long-term capital growth.
This is a clear cash-or-investor opportunity: immediate rental income, no onward chain, and relatively long lease. Buyers should factor in service charges, electric heating costs, local area challenges and that the sale is with tenants in situ (viewing subject to notice).
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