Summary - 70 YEOMAN CLOSE IPSWICH IP1 2QG
1 bed 1 bath Flat
Turnkey rental with secure parking and rising income potential.
Open-plan living with contemporary kitchen and balcony access
Double bedroom with balcony access and good natural light
Tenant in situ: £675pcm rising to £725pcm in August
Secure underground parking and lift access to all floors
Leasehold: 104 years remaining (from 2004)
High flood risk for the area — insurance costs likely higher
High local crime and area deprivation — location considerations
Service charge £2,740pa and ground rent £200pa affect affordability
This one-bedroom leasehold apartment offers straightforward, low-effort income for investors or first-time buyers seeking a managed entry into Ipswich. The open-plan living space and contemporary kitchen open onto a small balcony, giving natural light and practical living across 541 sq ft. Underground secure parking and lift access add convenience in a built-up urban location.
Currently let at £675pcm, increasing to £725pcm in August, the flat has immediate rental income and a long lease (104 years remaining from 2004). Service charge and ground rent are notable running costs — useful to factor into yield calculations — while the EPC C rating indicates average energy efficiency.
Important considerations: the property sits in an area with high flood risk and above-average crime levels, and the local neighbourhood scores high on deprivation indices. Service charge (£2,740pa) and ground rent (£200pa) are significant for a one-bedroom and will affect net returns and affordability for owner-occupiers.
For an investor the clear positives are the secure parking, tenant in situ with rising rent, and easy access to major roads (A12/A14) and local amenities. For a buyer considering personal occupation, the flat is practical and modern but buyers should allow for potential insurance and flood-mitigation costs and assess communal charges carefully.
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