Summary - Apartment 306, 3, Anchor Street IP3 0BU
1 bed 1 bath Flat
Ready-to-rent investment overlooking the waterfront with immediate income.
Allocated off-street parking for resident
This modern one-bedroom apartment sits directly by Neptune’s Marina and offers a straightforward, low-maintenance buy-to-let in central Ipswich. The current tenant pays £895 pcm on a periodic tenancy, providing immediate rental income and an approximate gross yield of about 9.3% at the asking price of £115,000. The building dates from 2003–2006, has double glazing, and benefits from an allocated off-street parking space and communal landscaped areas.
Practical costs to note include an annual service charge of £2,556.90 and a ground rent of £200. The flat is leasehold and electric room heaters provide heating, which can be less efficient and may lead to higher running costs compared with gas central heating. The local area is an inner-city cosmopolitan quarter with good amenities and fast broadband, but crime levels are reported as high; this should be considered for tenant profiling and insurance.
The property is offered chain-free and currently tenanted, so it is most suitable for an investor seeking immediate income rather than an owner-occupier move-in. There is a recorded public notice/repossession flag on the listing, which buyers must take into account and investigate as part of due diligence. Viewings can be arranged to inspect the apartment, communal areas and allocated parking before committing.
Overall this is a compact, modern apartment with strong rental fundamentals — marina location, low maintenance and fast connectivity — balanced against leasehold charges, electric heating, and higher local crime levels. Investors should factor service charges and tenancy status into yield and management plans.
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