Summary - 46 RENDLESHAM ROAD IPSWICH IP1 2LY
2 bed 1 bath Terraced
Two-bed mid-terrace with immediate rental income — auction sale, tenants in situ..
- Tenanted investment: £815 pcm (£9,780 pa) income
- Freehold mid-terrace, two bedrooms, two receptions
- EPC C, UPVC double glazing, gas central heating
- Sold at live auction; 10% deposit on sale day
- Periodic tenancy from 2022; vacant possession not guaranteed
- Area has high crime and very high deprivation
- Small rear garden and modest overall footprint (~631 sq ft)
- Solid brick construction; likely no cavity insulation
A centrally located two-bedroom mid-terraced house in West Ipswich, offered to investors as a ready-made rental with tenants in situ. The property currently produces £815 pcm (£9,780 pa), representing an immediate income stream with a guide price of £100,000–£125,000 at auction.
The house dates from the early 20th century and retains period mid-terrace character. It benefits from UPVC double glazing, mains gas central heating with boiler and radiators, and an EPC rating of C. Accommodation includes two reception rooms, fitted kitchen, bathroom and two first-floor bedrooms, arranged over two storeys with a small rear garden and modest overall footprint (approx. 631 sq ft).
Important practical points for buyers: the property is freehold and sold at a live auction, chain-free, with contracts exchanged on the fall of the hammer. The successful buyer must pay a 10% deposit on sale day and settle the balance (typically within 28 days). A fixed administration fee of £1,200 applies on completion. The tenancy is periodic (original AST from 2022), so vacant possession is not guaranteed on completion.
Material drawbacks and risks are clear: the house sits in an area with high crime and very high deprivation, and the plot is small. Construction is solid brick with assumed no cavity insulation (typical of the era), so energy-efficiency improvements may be needed to reduce future running costs. The building appears average-sized inside; refurbishment or targeted upgrades could increase rental value and capital return but will require investment. Buyers should review the legal pack, tenancy paperwork, and arrange surveys before bidding.
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