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Lot 5
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Flat 4, 12 Rapier Street, Ipswich, Suffolk, IP2 8JS

Auction Date:  February 25, 2026
Guide price £50,000 - £75,000*
2-bed tenanted apartment, Ipswich... 20% gross yield

Property Details

Description

Situated within a modern purpose-built apartment block close to Ipswich town centre, the marina and the mainline railway station, this two bedroom first floor apartment is offered as a tenanted investment. The accommodation comprises open plan living area with fitted kitchen, two double bedrooms and bathroom. The property benefits from underfloor heating, double glazing, a private balcony, secure entry system and allocated parking. Built in 2004, the apartment provides practical, low-maintenance accommodation suited to the rental market. Currently let on a 12 month AST from July 2025 at £850 pcm. We understand apartments of this type and location experience consistently strong rental demand, making this an ideal addition to a residential investment portfolio. Offered at realistic auction pricing.

Key Features

  • TOWN CENTRE LOCATION
  • FIRST FLOOR FLAT
  • 20% GROSS YIELD
  • TWO BEDROOMS
  • PURPOSE BUILT (2004)
  • UNDERFLOOR HEATING
  • BALCONY & PARKING
  • TENANTED £850 PCM
  • STRONG RENTAL DEMAND
Tenure

Leasehold

EPC

D

Viewing

Sat 14 Feb - 12:00 - 13:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mr Luke Cain
Barker Gotelee
41 Barrack Square
Martlesham Heath
Ipswich
IP5 3RF

Tenancy

12 month AST from July 25

Current Yield.

£850 pcm / £10,200 pa

Download Legal Pack

Location

Flat 4, 12 Rapier Street, Ipswich, Suffolk, IP2 8JS

*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.