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12 bed development for sale Lakeside Road, Ipswich, IP2

Guide Price

£1,250,000

Added on 20/10/2026

Type: Development
Bedrooms: 12
Bathrooms: 12
Size: £1,087 per sq ft
Tenure: Freehold

Key features

12 One bedroom apartments all let on assured shorthold tenancies
Currently producing an income of circa £101,000
All apartments have a sitting room kitchen, bedroom and bathroom
Double-glazed windows
Gas central heating
Large car park with planning consent for 3 three storey three bedroom link detached houses
Detailed planning consent under reference IP/22/01048
South West Ipswich adjacent to a local park
Good access to the A12/A14 trunk roads

About this property

An opportunity to purchase 12 one-bedroom apartments, which are spread across two blocks, all are currently let on assured shorthold tenancies producing a current income of circa £101,000 per annum. The parking area currently has full detailed planning consent for 3 three storey three bedroom link detached houses, two of which have garages.

Floorplan

Council tax

Ask agent

Per year

Band A

£1,646
Band B

£1,920
Band C

£2,194
Band D

£2,468
Band E

£3,017
Band F

£3,565
Band G

£4,114
Band H

£4,937

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Ipswich, 2026/27 bills run from £1,646 a year in band A to £4,937 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Ipswich, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Property timeline

Listed

October 2026 £1,250,000

12 beds · 12 baths · this listing

Past sales can't be shown: the agent hasn't given the house number.

Price guide

This home (approx.)

£1,087 / sq ft

Area average (sold)

£257 / sq ft

Price per area, sold homes nearby

£184 / sq ft

£1,087 / sq ft

£331 / sq ft

Lowest

This home

Highest

About £1,087 per sq ft, above 9 in 10 recent sales in IP2 (£184–£331, 10th–90th percentile, 601 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 601 homes sold in IP2 over the last 24 months. This home's figure uses its asking price and a floor area matched from the EPC register, so it is approximate. All sold £/sq ft in IP2 →

Location

Lakeside Road, Ipswich, IP2

Open map Street View

Mortgage and stamp duty

Property price £1,250,000

£620k £1.9m

Deposit10% £125,000

£0 £1.3m

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £1,125,000 mortgage. Most lenders would want a household income of about £250,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
1, Lakeside Road Flat / maisonette	Flat / maisonette	Aug 2025	409 sq ft £257/sq ft	409 sq ft	£257	£105,000
20, Lakeside Road Semi-detached	Semi-detached	Mar 2024	506 sq ft £343/sq ft	506 sq ft	£343	£173,500
6, Lakeside Road Semi-detached	Semi-detached	Jul 2023	947 sq ft £257/sq ft	947 sq ft	£257	£243,750
1a, Lakeside Road Flat / maisonette	Flat / maisonette	Jun 2023	581 sq ft £224/sq ft	581 sq ft	£224	£130,000
18, Lakeside Road Semi-detached	Semi-detached	Aug 2021	710 sq ft £317/sq ft	710 sq ft	£317	£225,000
12, Lakeside Road Semi-detached	Semi-detached	Aug 2021	721 sq ft £287/sq ft	721 sq ft	£287	£207,000
6, Lakeside Road Semi-detached	Semi-detached	Aug 2016	947 sq ft £183/sq ft	947 sq ft	£183	£173,000
18, Lakeside Road Semi-detached	Semi-detached	Jun 2012	710 sq ft £191/sq ft	710 sq ft	£191	£136,000