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Lot 7
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31 Norwich Court, Chevallier Street, Ipswich, Suffolk, IP1 2PA

Auction Date:  December 3, 2025
Guide price £50,000 - £70,000*
Very high yield potential (circa. 16%)... third floor studio flat

Property Details

Description

A freshly refurbished, now vacant, third floor self-contained studio apartment, offering an ideal ready-to-let investment. The refurbishment includes full redecoration, presenting a bright, clean and low-maintenance interior. The layout provides a well-sized studio living space, a separate kitchen and bathroom, along with the added benefit of allocated parking. Situated within a well-maintained
block on the western side of Ipswich. With a new tenancy, the apartment is expected to achieve a rental income in the region of £700 pcm, generating approximately £8,000 per annum and offering an exceptional projected return of around 16%. Offering a very high yield potential with low running costs this ready-to-let investment must be viewed by serious investment buyers.

Key Features

  • WEST IPSWICH LOCATION
  • REFURBISHED STUDIO
  • SEPARATE KITCHEN & BATHROOM
  • ALLOCATED PARKING
  • £700 PCM POTENTIAL
  • CIRCA 16% PROJECTED YIELD
Tenure

Leasehold

EPC

E

Viewing

Thu 20 Nov - 12:30 - 13:30
Sat 22 Nov - 12:30 - 13:30
Tue 25 Nov - 12:30 - 13:30

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mr Edward Thomson
Kerseys Solicitors
32 Lloyds Avenue
Ipswich
IP1 3HD

Download Legal Pack

Location

31 Norwich Court, Chevallier Street, Ipswich, Suffolk, IP1 2PA

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.