1-bedroom flat · IP9 1QP
For saleListed 255 days
Opportunity summary
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About
We are delighted to offer for sale this IMMACULATE ONE BEDROOM APARTMENT.
The current vendor enjoyed this property prior to turning it into an investment property, that they have benefitted from for many years and could achieve a rental income of around £725.00pcm.
This first floor apartment would also make a great first time purchase, holiday home or retirement property.
The Old School House retains many original features to include high skirting boards, cornice ceilings, sash windows and parquet flooring to name a few.
Steeped in history the original School House was built in 1803 and then reconfigured and renovated in 1987 to form fantastic apartments comprising of spacious one and two bedrooms, but still retaining some of the stunning features when first built.
Shotley is well known for being a village with a great sense of community and due to this in recent years the the area has grown with new developments.
The village offers great countryside and riverside walks along and great facilities for sailing and water sports. Shotley lies around 10 miles from Suffolk's County Town of Ipswich.
The apartment is located on the first floor and comprises of the following: DOOR TO: COMMUNAL HALLWAY: Which is extremely well maintained with stairs to all floors.
PRIVATE ENTRANCE HALL: Intercom system, loft access, parquet flooring, electric wall mounted heater.
OPEN PLAN LOUNGE/DINING/KITCHEN: 20ft x 12ft 7' Large sash windows with vertical blinds, parquet flooring, electric wall mounted heaters, coved ceilings with LED inset spotlights, modern kitchen with matching wall and base units, complimentary splashbacks, ample work surfaces incorporating a stainless steel single drainer sink unit, breakfast bar, integral dishwasher, fridge and freezer, washing machine together with built in oven and hob with extractor canopy over, partition wall with feature glass brick design leading to: BEDROOM AREA: 10'0 x 7'5 Large sash window, parquet flooring, coved ceiling with LED inset spotlights.
SHOWER ROOM: Contemporary shower room with large walk in shower with large screen, fully tiled walls, power shower, modern dual flush w.c and wash hand basin set in modern white units, shaver point, LED inset spotlights with extractor, wall mounted electric heater and vanity mirror.
Externally there are communal gardens together with an allocated parking space. AGENTS NOTE: We understand from the current owner that the lease was granted for 125 years from 1987.
GROUND RENT: We understand this is currently £80.00 per annum (£40,00 every six months) SERVICE CHARGES: We understand this to be around £1400.00 per annum, and currently paid monthly.
PLEASE NOTE: Northwood confirm that these particulars are believed to be accurate but they are a brief summary issued for general guidance only and are not comprehensive.
These particulars and any text, measurements, dimensions or indicative plans made available are for general information only and do not form part of any offer or contract.
Prospective purchases should not rely on these particulars and must satisfy themselves on all aspects by inspection or otherwise.
Northwood, their employees and representatives are not authorised to make or give any representations, assurances or warranties for the property, whether within these particulars or otherwise, and no liability is accepted to the purchaser in this respect." PLEASE NOTE: We endeavour to make our sales particulars accurate and reliable but they are a brief summary issued for general guidance only and are not comprehensive.
These particulars and any text, measurements, dimensions or indicative plans made available are for general information only and do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
Prospective purchases should not rely on these particulars and must satisfy themselves on all aspects by inspection or otherwise.
Northwood, their employees and representatives are not authorised to make or give any representations, assurances or warranties for the property, whether within these particulars or otherwise, and no liability is accepted to the purchaser in this respect.
All measurements are for guidance purposes only, are not precise and their accuracy should be checked by an intending purchaser.
All fixtures and fittings shown are excluded from the sale unless otherwise negotiated with the seller.
Where applicable, none of the services, systems, appliances or equipment have been tested and no guarantee as to their operating ability or efficiency is given.
Purchasers should ensure they have taken all necessary measures and assurances prior to purchase and rely on their own searches and enquiries. EPC rating: D. Tenure: Leasehold,
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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