Summary - Flat 3, 72 Foundation Street IP4 1BN
1 bed 1 bath Ground Flat
Compact, low-maintenance leasehold income near station and marina.
Tenant in situ — immediate rental income potential
This ground-floor, one-bedroom leasehold apartment sits a short walk from Ipswich train station and the marina, offering immediate rental income with a tenant in situ. The flat is compact (approx. 345 sq ft) and presented with contemporary finishes, a separate lounge, and a fitted kitchen — suited to buy-to-let portfolios or a single occupier seeking city-centre proximity.
Practical details support investor appeal: 117 years remaining on the lease, a below-average service charge (£850) and modest ground rent (£250). The property is heated by electric storage heaters and runs on individual electricity supply; double glazing is installed, but heating is not gas-central, which may affect running costs.
Buyers should note the location is in a very deprived area with very high reported crime levels; that influences rental demand and resale valuations. The flat is small and built in the late 20th century with cavity walls and internal insulation — there is limited scope to extend, but the apartment’s configuration and town-centre position mean low maintenance and steady tenant interest.
Overall, this is a straightforward, income-producing flat close to transport links and town amenities. It suits investors wanting immediate rent roll and manageable upkeep, provided they accept the local area challenges and electric heating trade-offs.
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