1-bedroom flat · IP1 2QX
Sold STCReduced £10k (−16.7%) on 10 SepListed 294 days
Opportunity summary
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About
This one-bedroom first floor apartment located on the over 60’s McCarthy Stone complex on Norwich Road comes with resident parking, access to well-maintained communal gardens, secure key fob entry system, resident house manager, 24-hour emergency careline system, and access to onsite facilities including residents’ lounge, laundrette and guestroom.
The accommodation comprises entrance hall, 22ft living / dining room, kitchen, one double bedroom, and a shower room.
Leasehold information: Lease – 125 years from 1.4.1999 Service charge - £3,200 per annum (£1,600 half yearly) and includes water Ground rent - £295 per annum The county town of Ipswich offers a range of local amenities including schools, university, shops, doctors, dental surgeries, hospital, two theatres, parks including the popular Orwell Country Park, recreational facilities, and mainline railway station providing direct links to London Liverpool Street Station with a journey time of approximately 1hr 15mins.
The vibrant waterfront has undergone an extensive rebuilding and gentrification programme and now boasts some fashionable bars and restaurants, together with the University of Suffolk.
Secure Entry System Into: Communal entrance hall with lift and stairs to the first floor apartment.
Entrance Hall Built-in cupboard housing the hot water tank, and doors to: Living / Dining Room (6.78m x 3.1m) Double-glazed window to the front aspect, electric storage heater, and double doors through to: Kitchen (2.3m x 2.08m) Fitted with a range of eye and base level units, roll edge work surfaces, sink and drainer, tiled splashbacks, integrated oven and electric hob with extractor hood over, space for an undercounter fridge and undercounter freezer, and double-glazed window to the front aspect.
Double Bedroom (5.5m x 2.9m) Double-glazed window to the front aspect, electric storage heater, and built-in wardrobe with mirrored folding doors.
Shower Room (2.06m x 1.65m) A three-piece suite comprising double-width shower enclosure, low-level WC and vanity hand wash basin with storage beneath; and tiled walls.
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.
Area
Agent & docs
FAQ
About Flat 29 Westwood Court, 174, Norwich Road, Suffolk
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