For sale by auction on 24/09/2025 at Live Broadcast Auction
Lot Number 7
1 & 3 Blanche Street
Ipswich
Suffolk
IP42EJ
Guide Price:
£120,000 - £140,000
Situated in the heart of Ipswich town centre, just a two-minute walk from the main high street, this freehold property comprises two self-contained one-bedroom flats, each with the benefit of parking. The ground floor flat also enjoys a private courtyard garden. Both units are let to long-standing tenants, one in occupation since 2012 and the other since 2020, both now holding periodic tenancies. Current rents are £500 pcm and £525 pcm, producing a combined annual income of £12,300. At the guide price this represents a return in excess of 10%, making this an exceptional opportunity to secure a strong-yielding investment in a prime central location with reliable tenants and ongoing demand.
Tenure: Freehold
EPC: D & E
Tenancy: 1 - AST from 2012 now periodic
3 - AST from 2020 now periodic
Current Yield: 1 - £500 pcm / £6,000 pa
3 - £525 pcm / £6,300 pa
IPSWICH TOWN CENTRE
2 MINS TO HIGH STREET
2 X 1 BED FLATS
BOTH SELF CONTAINED
PARKING INCLUDED
GF WITH COURTYARD
INCOME £12,300 PA
10%+ YIELD AT GUIDE
Open viewings have been arranged for:
Sat 13 Sep - 11:15 - 12:15
(10 Minute viewing slots
MUST be pre-booked)
Vendors Solicitors
Mr Oliver Ray
Barker Gotelee
41 Barrack Square
Martlesham Heath
Ipswich
IP5 3RF
How is this property being sold?
This property is being sold via a traditional live-streamed AUCTION. To participate, you’ll need to attend the scheduled open viewing, review the Legal Pack available on our website, and ensure your finances are in order, or be ready to proceed without funding.
Properties are sold subject to reserve prices and are chain-free, meaning contracts are immediately exchanged when the hammer falls. If successful, a 10% deposit is required on the same day, with the remaining 90% due upon completion, typically within 28 days. Guide prices reflect the vendor's minimum expectations, and bidding can be done online, by phone, or via proxy.
We don’t charge any Buyers Premium or hidden fees; only a fixed administration fee of £1,200 is applied upon a successful purchase. For any questions about the auction process, please contact our office.