Summary - 12 NORWICH ROAD IPSWICH IP1 2NG
4 bed 2 bath Mixed Use
Dual-income property with immediate rent and refurbishment upside for investors.
Freehold mixed-use Victorian mid-terrace with retail and residential units
Ground-floor convenience store tenanted at £700 pcm
Self-contained 4-bedroom flat above with separate access and meters
Flat rooms large but interiors dated; requires refurbishment for modern lets
No private garden; main-road frontage and street-level noise
Area: very deprived with high local crime—factor into risk assessment
Excellent mobile signal and fast broadband; good transport and amenities
Separate kitchen and toilet for commercial unit simplifies operations
A mixed-use Victorian mid-terrace on Norwich Road offering immediate rental income and clear upsizing potential. The ground floor houses a tenanted convenience store (paying £700 pcm) with a full shopfront onto a busy main road; the self-contained four-bedroom flat above has separate access and utility meters.
The flat comprises four large rooms, a shared kitchen and bathroom and simple finishes throughout, making it suitable for refurbishment to boost rental value or convert into individual lets. Separate kitchen and WC for the commercial unit help keep running costs distinct and simplify management.
Key positives are freehold tenure, dual income streams, good mobile signal and fast broadband — useful for modern lettings. Material negatives: the property is in a very deprived area with high local crime rates, no visible private garden, dated interiors and clear need for refurbishment to meet modern letting standards. Investors should allow for renovation costs and factor in local area risks when assessing yields.
Viewing and due diligence should include full floor plans, EPC, measured internal areas and tenancy details. The property suits an investor seeking a town-centre, hands-on refurbishment project with immediate income and rental-growth potential after sensible works.
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