1 Bed Apartment For Sale

For sale by auction on 16/07/2025 at Live Broadcast Auction



Lot Number 1



58A London Road

Ipswich

Suffolk

IP12HB



Guide Price:

£30,000 plus



Situated just west of Ipswich town centre and within easy walking distance of all amenities, this well-proportioned one-bedroom basement flat offers excellent investment potential. The accommodation includes a large lounge with open-plan kitchen, separate double bedroom, bathroom, and front porch/lobby, with the added benefit of its own independent access. The property features electric heating and is offered on a leasehold basis with over 85 years remaining. Requiring complete refurbishment, it is situated in a high rental demand areamaking it a strong buy-to-let prospect. Priced for the auction market.

We understand the annual service charge is £1,743 pa and ground rent of £370 pa. (tbc)



Tenure: Leasehold - 85 years remaining



EPC: E



SC - £1743 pa. (tbc)

GR - £370 pa. (tbc)

BASEMENT APARTMENT

CLOSE TOWN CENTRE

NEEDING RENOVATION

ELECTRIC HEATING

OWN ENTRANCE

IDEAL BUY-TO-LET

HIGH RENTAL DEMAND



Open viewings have been arranged for:



Thu 3 July - 10:00 - 11:00

Sat 5 July - 12:15 - 13:15

Mon 7 July - 12:00 - 13:00



(10 Minute viewing slots

MUST be pre-booked)



Vendors Solicitors

Mr Edward Thomson

Kerseys Solicitors

32 Lloyds Avenue

Ipswich

IP1 3HD



How is this property being sold?

This property is being sold via a traditional live-streamed AUCTION. To participate, you’ll need to attend the scheduled open viewing, review the Legal Pack available on our website, and ensure your finances are in order, or be ready to proceed without funding.



Properties are sold subject to reserve prices and are chain-free, meaning contracts are immediately exchanged when the hammer falls. If successful, a 10% deposit is required on the same day, with the remaining 90% due upon completion, typically within 28 days. Guide prices reflect the vendor's minimum expectations, and bidding can be done online, by phone, or via proxy.



We don’t charge any Buyers Premium or hidden fees; only a fixed administration fee of £1,200 is applied upon a successful purchase. For any questions about the auction process, please contact our office.