2-bedroom flat · IP2 0AR
For saleListed 361 days
Opportunity summary
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About
LIFE BY THE RIVER. Located along the River Orwell, to the south west of Town lies this two bedroom modern apartment.
Internally the accommodation comprises of entrance hall, with two bedrooms, modern bathroom and spacious open plan, bright and airy lounge, diner and kitchen with built in appliances.
The location provides excellent access to the town centre, local retail parks and is only a stone's throw away from the train station. Entrance: Secure intercom entry system. Stairs to upper floors.
Entrance Hall: Doors to all rooms. Storage cupboard. Fitted carpet.
Open Plan Lounge Kitchen/Diner: 18' 8"max (16' 6"min) x 16' 4" (5.73m max (5.06m min) x 5.00m) Wood effect laminate to the kitchen area and fitted carpet to lounge/dining area.
Range of modern wall and base units with integrated oven, electric hob and extractor over. Integrated dishwasher, fridge freezer and washer dryer. Windows to front and side aspects.
Electric panel heaters to side aspects. Bedroom One: 9' 4 x 9' 2" (2.87m x 2.80m) Fitted carpet. Window to side aspect. Electric panel heater. Built in wardrobe.
Bedroom Two: 8' 2" x 7' 0" (2.50m x 2.13m) Fitted carpet. Window to side aspect. Electric panel heater.
Bathroom: Three piece suite comprising of bath with shower over, low level WC and pedestal wash basin. Vinyl flooring. Outside: Communal grounds with access to river.
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." EPC rating: C.
Tenure: Leasehold, Service charge description: paid in 2 instalments January and July ,
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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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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