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See how verdicts work1-bedroom flat · IP5 2HJ
Listing removedListed 95 days
Opportunity summary
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About
No onward chain - highly sought after retirement development located on grange farm - exclusively for the over 65's - double bedroom - wet room - lounge - kitchen with south views over the communal gardens - communal gardens and parking area (not allocated), residents lounge, dining room service, laundry, hobbies area and lift.
- close to the embrace medical centre, library, tesco and an excellent range of shops and local amenities - service charge £703.46 pm, ground rent £360.20 pa ***Foxhall Estate Agents*** are delighted to offer for sale with no onward chain this first floor apartment in the prestigious Gressland Court development located on Grange Farm.
This over 65's apartment benefits from a double bedroom, lounge, kitchen, wet room, south facing double glazed windows overlooking the gardens.
The property occupies a superb position within the development to the rear with south views overlooking the gardens, there are lifts to all floors and an on site duty manager, communal lounge, communal dining area with restaurant services, communal hobbies room, laundry services, well maintained communal landscape rear gardens and access to secure parking (not allocated).
Gressland Court is conveniently located for access to local amenities, including Tesco's with its pharmacy, cafe's, library, local bus routes and community centre.
The property is being sold with a 999 year lease from 2005 and was built by the well regarded Bovis Homes.
The property is presented in good decorative order with new carpets being fitted on 13th August and an early viewing is strongly recommended.
Communal Entrance Hallway Communal entrance door to entrance lobby with duty managers office to the side and further doors leading into the communal hallway with a lift up to the first floor landing with a personal entrance door into the reception hallway.
Reception Hallway Accessed via a personal entrance door, walk-in storage cupboard, airing cupboard with hot water tank approx 4 years old, smooth coved ceiling, radiator, Tunstall Call system and doors giving access to.
Lounge Two UPVC double glazed south facing windows overlooking the garden and UPVC double glazed double door giving access to a Juliet balcony also offering views over the south facing garden, smooth coved ceiling, feature fireplace with marble effect hearth, electric flame effect fire inset, two radiators, three wall light points, satelite tv point and radio point, emergency pull cord and door giving access to the kitchen.
Kitchen UPVC double glazed windows to rear which are south facing overlooking the garden with automatic window point, 1 1/2 bowl stainless steel sink with mixer tap inset into a rolled edge worktop with cupboards and drawers under and matching above, built-in electric Hotpoint hob with filter hood over, built-in Hotpoint oven, built-n fridge and freezer, built-in washing machine, tiled splash-backs, smooth ceiling with inset spotlighting, tile effect vinyl flooring and emergency pull cord.
Bedroom One UPVC double glazed south facing window overlooking the garden, range of built-in wardrobes, smooth coved ceiling, telephone point, radiator, television point, new carpets and a security pull cord.
Wet Room Low-level W.C., pedestal hand wash basin, wall shower unit, part-tiled walls, extractor fan, smooth coved ceiling with inset spotlighting, shaver light point, heated towel rail and Antico flooring.
Communal Areas & Gardens There is a large communal parking area is available at the front of Gressland Court and a separate internal room for buggy storage.
To the rear is a large communal garden which is mainly laid to lawn with various shrubs borders and hedging and seating.
There is also access to the communal lounge and dining room and the laundry and hobbies area.
Agents Notes Tenure - Leasehold Council Tax Band - B Lease has 978 years left Ground Charges - £360.20 per year Service Charges - £703.46 per month
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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FAQ
About 25 Gressland Court, Mead Drive, Ipswich
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