Flat 101, 21b, St. Matthews Street, IPSWICH, Suffolk, IP1 3EL

Description

Leasehold first floor flat Location: The property is located on St. Matthews Street. Shopping amenities are available locally within Ipswich Town Centre. Public transport links can be found at Ipswich Train Station lying to the south along with a network of local bus services serving the surrounding areas. The property is served by road links including the A1022 and the A14 both located to the west. Recreational pursuits are available at Christchurch Park lying to the north east. Accommodation: Principle bedroom with en-suite, one further bedroom, reception room open plan to kitchen, bathroom/wc EPC Rating: C Council Tax Band: B Lease: Held on a lease for a term of 150 years (less 10 days) from 29/09/2004 at a ground rent of £100 per annum. To view: 28/8 1:30pm, 5/9 at 9am No booking required – Please arrive at the time stated

Location

The property is located on St. Matthews Street. Shopping amenities are available locally within Ipswich Town Centre. Public transport links can be found at Ipswich Train Station lying to the south along with a network of local bus services serving the surrounding areas. The property is served by road links including the A1022 and the A14 both located to the west. Recreational pursuits are available at Christchurch Park lying to the north east. Accommodation: Principle bedroom with en-suite, one further bedroom, reception room open plan to kitchen, bathroom/wc

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £100 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆