1-bedroom flat · IP5 2HJ
Listing removedListed 359 days
Opportunity summary
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About
RETIREMENT PROPERTY: This one-bedroom apartment in excellent decorative order is situated on the ground floor of Gressland Court and benefits from new carpets throughout.
The front door opens into a hallway with a large storage cupboard plus an airing cupboard containing the hot water tank.
The bright living room has a feature electric fireplace, radiator and double-glazed French doors leading out into the communal gardens.
The large bedroom has a four-door built-in wardrobe with sliding doors for easy access.
The kitchen has a range of wall and base units with integral electrical oven and hob, fridge freezer, washing machine, dishwasher and an electrically operated window.
The newly refurbished bathroom has a walk-in shower, pedestal wash basin and low-level WC.
COUNCIL TAX BAND: B EPC RATING: C MONTHLY SERVICE CHARGE: £703.46 SERVICE CHARGE PERIOD: 1 April 2026 - 31 March 2027 12 MONTH GROUND RENT: £360.25 (collected by Simarc Property Management Limited) GROUND RENT DUE FOR REVIEW: 01/03/2035 (collected by Simarc Property Management Limited) LENGTH OF LEASE: 999 Years from 31/03/2005 RESALE FEES: 1% to Reserve Fund LOCATION OVERVIEW: Type: Independent Living.
Properties: Constructed by Bovis Homes Ltd. Completed 2005. Comprising of: 28 x two bedroomed apartments 13 x one bedroomed apartments Services: Duty manager on site 24/7.
Emergency callouts between 10pm - 7am. One and half hour's service time per week. Restaurant facility offering a three-course lunch every day. Handyperson. Laundry service.
Facilities: Lift access to all levels, Owners' lounge, dining room, guest suite, hobbies room, landscaped gardens and car parking. Secure door entry system. Emergency alarm call system.
Accessibility: Gressland Court is a gated complex. All areas are wheelchair accessible.
Situated in the centre of Kesgrave, close to coffee shops, Tesco's, doctors' surgery, chemist, community centre, library, bowls club and hairdressers.
Lifestyle: Gressland Court has a busy owner-led social programme including weekly coffee mornings, bingo, quiz nights, cards, keep fit, local entertainers, garden games and craft afternoons.
New Owners are accepted over 65 years of age. Pets are welcome (subject to terms of the lease). Tenure: Leasehold 999 years from 2005.
Gressland Court Mead Drive Off Ropes Drive Kesgrave Ipswich IP5 2HJ
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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About 6 Gressland Court, Mead Drive, Off Ropes Drive, Kesgrave, Ipswich, IP5 2HJ
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