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Lot 1
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58A London Road, Ipswich, Suffolk, IP1 2HB

Auction Date:  July 16, 2025
Guide price £30,000 plus*
1-bed Basement apartment needing renovation... ideal buy-to-let

Property Details

Description

Situated just west of Ipswich town centre and within easy walking distance of all amenities, this well-proportioned one-bedroom basement flat offers excellent investment potential. The accommodation includes a large lounge with open-plan kitchen, separate double bedroom, bathroom, and front porch/lobby, with the added benefit of its own independent access.The property features electric heating and is offered on a leasehold basis with over 85 years remaining. Requiring complete refurbishment, it is situated in a high rental demand area—making it a strong buy-to-let prospect. Priced for the auction market.

We understand the annual service charge is £1,743 pa and ground rent of £370 pa. (tbc)

Key Features

  • SC – £1743 pa. (tbc)
  • GR – £370 pa. (tbc)
  • BASEMENT APARTMENT
  • CLOSE TOWN CENTRE
  • NEEDING RENOVATION
  • ELECTRIC HEATING
  • OWN ENTRANCE
  • IDEAL BUY-TO-LET
  • HIGH RENTAL DEMAND
Tenure

Leasehold

EPC

E

Viewing

Thu 3 July - 10:00 - 11:00
Sat 5 July - 12:15 - 13:15
Mon 7 July - 12:00 - 13:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

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

Download Legal Pack

Location

58A London Road, Ipswich, Suffolk, IP1 2HB

*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.