Detached house for sale

240 Wherstead Road, Ipswich, Suffolk IP2

For sale by auction on Wednesday, 18 Jun 2025 at 10:00

Venue: Livestream Auction

Town centre development opportunity with planning permission granted for the conversion of an existing building into 24 apartments

An exceptional opportunity to acquire a prominently located office building in the heart of Ipswich, with full planning permission granted for conversion into 24 high-quality residential apartments.

The approved scheme comprises a well-balanced mix of one and two-bedroom units, thoughtfully designed to meet modern living standards and appeal to both first-time buyers and investors.

The development also benefits from on-site parking for all apartments, extensive outside space and lift access. A number of the units include ensuites and balconies, individual entrances and private gardens.

Positioned within close proximity to Ipswich’s town centre, transport links, and a host of local amenities, this site offers both convenience and strong future rental or resale potential.

Please Note
Existing concrete structure has undergone significant testing and has been deemed viable for retention and conversion, therefore offering a cost effective construction option whereby minimal groundworks and structural framework is required. The site includes mains drainage and services within very close proximity.

Additional Fees
Buyers Premium: £1800 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.