Summary - Flat 102 The Winerack, Key Street, IPSWICH IP4 1FU
1 bed 1 bath Apartment
Leasehold apartment with allocated parking and strong rental appeal to investors.
14th-floor panoramic marina and town views
Chain-free, long lease (191 years) and low ground rent (£160)
Open-plan living/kitchen, bright with Juliet balcony
Secure allocated parking via car stacking system
Concierge, lift access and communal facilities
Main heating: electric room heaters — higher running costs possible
Located in a multicultural student neighbourhood with higher crime
Fast broadband and excellent mobile signal
Set high on the 14th level of The Winerack, this chain‑free one-bedroom apartment offers a bright open-plan living area, allocated secure parking and expansive waterside outlooks. The layout includes a generous living/kitchen zone, a double bedroom and a bathroom with underfloor heating — practical touches that suit short-term rental or buy-to-let demand.
Financially the property presents clear positives for an investor: a long lease (191 years remaining), modest ground rent (£160) and no onward chain. The building provides concierge, lift access and a car stacking parking system, improving appeal to tenants and simplifying management in a central waterfront location with fast broadband and excellent mobile signal.
Buyers should note material local factors plainly. The neighbourhood is classified as a multicultural, cosmopolitan student area with higher crime levels and local deprivation indicators; this influences tenant profiles and management needs. Heating is by electric room heaters (main fuel: electricity), which can increase running costs compared with gas-heated properties. The car parking uses a stacking system that may not suit all drivers.
Overall this is a contemporary, low-maintenance apartment with strong rental potential given its waterfront setting, long lease and building amenities. It will suit investors targeting student or young professional lettings or buyers seeking a low-commitment city pied-à-terre, provided they factor in local area considerations and electric heating costs.
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