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See how verdicts work1-bedroom flat · IP4 1FP
For saleReduced £30k (−27.3%) on 21 JunListed 316 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price - £110,000 - £130,000 quote AB0697 Offering just over 500 Sq Ft of internal space and occupying a prime corner block position, this is a modern one bedroom lateral apartment situated in The Foundry within The Mill Complex, close to Ipswich Marina.
This property represents an ideal first time buy or investment purchase, and comes to market with vacant possession available in the New Year.
The layout of the property comprises an entrance hallway which leads directly into the spacious open plan reception, dining, and kitchen room.
Situated on the corner of the block, this dual aspect room provides excellent natural light and offers excellent living space.
The galley style kitchen includes stainless steel integrated appliances, free standing fridge, and is completed with wood effect gloss units.
The primary bedroom, again offers excellent natural light, has ample space for a double bed with additional storage, and also benefits from an integrated wardrobe with sliding doors.
The bathroom has a full size bath including shower, seperate W.C, and neutral decor including tiling to the floor.
Further points of note to the property include double glazing throughout, wood effect engineered flooring, and central heating. There is also additional hallway storage.
The property further benefits from a Long Lease with Approx 107 years remaining, and The Mill Complex also features an on site concierge.
Location The Mill Complex is situated adjacent to Ipswich Waterfront, and ideally placed for the many, bars, restaurants, and further amenities of central Ipswich.
The extensive amenities of The Buttermarket Centre are also within half a mile.
Transport links are taken care of by Ipswich Station (0.6 miles away) which offers direct access into London via National Rail services.
The green open spaces of Holywells Park and Christchurch Park are also easily accessible. Viewing is highly recommended.
Other Information Leasehold Property 107 Years Approx Remaining on Lease Service Charge - £2,987.64 Ground Rent - £300 pa Local Authority - Ipswich Council Tax Band - B
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
Area
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FAQ
About Foundry,Flat 515, College Street, Ipswich
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