4 Maude Street, Ipswich, Suffolk IP3 0AU

Description

Two bedroom ground floor apartment requiring refurbishment, close to Ipswich Waterfront. Situated in a sought-after location, this spacious apartment offers two well-proportioned double bedrooms, an open-plan kitchen and lounge providing a bright and sociable living space, and a family bathroom. Externally, the property benefits from a private courtyard, offering a low-maintenance outdoor area. Additional benefits include allocated secure parking and a convenient location within easy reach of the vibrant Waterfront, local amenities, restaurants, and transport links.

Accommodation

Two well-proportioned double bedrooms, open-plan kitchen and lounge, family bathroom, and private courtyard.

Location

Close to Ipswich Waterfront, local amenities, restaurants, and transport links.

Tenure / Property Information

Investment Analysis

The supplied completed-sales evidence ranges from £103,000 to £140,000, with the most recent comparable at 15 Maude Street selling for £112,000 on 14 November 2025. The £112,000 base GDV uses that latest same-street sale, but the comparables are not confirmed as identical in size, condition, floor, lease terms or specification. The £103,000 low and £139,000 high scenarios reflect the supplied evidence but are weakly adjusted because of differing dates and locations within IP3 0AU.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, a detailed refurbishment budget and full legal-pack review. The evidence is more supportive of a cautious rental assessment than a flip, but the rent proxy and leasehold costs must be verified before bidding.

Works Required

The property is described as requiring refurbishment, but no detailed schedule or condition report is supplied. Allowance should be made for refurbishment identified through inspection and the legal pack; no specific defects or works are assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A refinance at 75% of the £112,000 base GDV would be approximately £84,000. The BRRR outcome cannot be quantified because refurbishment costs, leasehold charges, finance costs and other purchase disbursements are not supplied. The guide plus the stated £2,400 buyer premium and administration charge already totals £92,400 before refurbishment and other costs.

Buy-to-Let Analysis

Using the only supplied rental evidence as a cautious proxy, £600 pcm produces £7,200 annual rent and an 8.00% gross yield on the £90,000 guide price before fees, refurbishment, finance, service charge, ground rent, voids and management. The rent evidence is an advertised asking rent for a two-bedroom house in IP4, not this flat, so achievable rent and net yield are unconfirmed. Leasehold charges also require legal-pack review.

Flip Analysis

The £112,000 base GDV is only £22,000 above the £90,000 guide, or £19,600 above the guide plus the stated £2,400 buyer and administration charges, before refurbishment, selling costs, legal costs, finance and other disbursements. A flip surplus cannot therefore be established without a verified works budget and selling-cost allowance.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not provided.

• Ground rent, service charge and review terms require legal-pack review.

• Additional disbursements, searches, seller costs, legal fees or transfer fees may be payable under the auction terms.

• The £600 pcm rent is an advertised asking rent for a two-bedroom house in IP4 rather than this flat, so it is not a confirmed achievable or passing rent.

• Comparable sales vary in date and may differ in size, condition, specification and lease terms.

• Gross yield calculations exclude refurbishment, service charge, ground rent, voids, management, finance and other ownership costs.

• The EPC is currently rated D.

Recommendation

Proceed only subject to inspection, a detailed refurbishment budget and full legal-pack review. The evidence is more supportive of a cautious rental assessment than a flip, but the rent proxy and leasehold costs must be verified before bidding.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sale evidence and stated auction pricing, but refurbishment costs, leasehold charges, detailed condition, passing rent and property-specific rental evidence are absent.