Summary -
Flat 4,167 Wherstead Road,IPSWICH,IP2 8JR
IP2 8JR
2 bed 1 bath Flat
Tenanted flat near Ipswich waterfront with secure parking and immediate rental income..
Two-bedroom first-floor flat with balcony and allocated secure parking
A practical buy-to-let in a modern block close to Ipswich waterfront and the train station. The two-bedroom first-floor flat is currently tenanted, producing £850 pcm, and comes with an allocated secure parking space and a balcony overlooking the development. Interiors are contemporary with a fitted kitchen, modern bathroom, underfloor heating and full double glazing.
This property suits an investor looking for a ready-made rental income with no onward chain. The flat has 99 years remaining on the lease and benefits from an EWS1 certificate (2023) confirming no remedial cladding works are required. It is compact at about 614 sq ft, so buyers should expect apartment-size living rather than large family accommodation.
Buyers should note the substantial annual service charge and ground rent costs: a service charge around £3,503.50 and ground rent £400 (averages), plus higher local crime and significant area deprivation locally. Council tax band B applies. These running costs affect net yield and should be factored into any investment appraisal.
Overall, this is a straightforward, low-management investment in a modern block with good transport links and waterfront walking distance. It offers immediate rental income but requires careful budgeting for service charges and local-area considerations.
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