IP2 9NH - 1 bed first floor investment opportunity in Ipswich, IP2 9NH

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1 bedroom apartment for sale in Grebe Close, Ipswich, IP2

Summary - 29 Grebe Close,IPSWICH,IP2 9NH IP2 9NH

1 bed 1 bath Apartment

Chain-free one-bedroom flat needing refurbishment, near shops, schools and bus links.
- Chain-free first-floor one-bedroom apartment
- Double glazed and gas central heating installed
- Spacious sitting room and external storage cupboards
- Requires full cosmetic renovation throughout
- 85 years remaining on lease; renewal likely required
- Ex-local authority building in a very deprived area
- Low service charge (£364.73 p.a.) and ground rent (£10 p.a.)
- Council Tax Band A, lower running costs
This chain-free, first-floor one-bedroom apartment in IP2 offers an affordable entry into Ipswich or a compact buy-to-let prospect. The flat includes a generous sitting room, double bedroom, kitchen and bathroom, with double glazing and gas central heating already in place. Communal gardens and external storage cupboards add practical outdoor space.

The property requires renovation throughout: kitchen and bathroom are dated, flooring and fixtures need replacement, and general redecoration is needed. The building is ex-local authority and in a very deprived area, so buyers should factor in local market conditions when planning resale or rental strategies.

Important lease information: 85 years remain on the lease, which is low and will likely need extending soon — this is a material issue that affects mortgageability and value. Service charge and ground rent are low (annual service charge £364.73, ground rent £10), and council tax is in Band A, which helps running costs.

For first-time buyers with DIY skills or investors willing to carry out works, this flat can be improved to add value. It sits within walking distance of local schools, shops and bus routes, and benefits from fast broadband and good mobile signal. Viewings are recommended for those comfortable with a renovation project and the lease considerations.

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