An Ipswich flat that overlooks the River Orwell is up for sale with a guide price of £65,000.

Forming part of converted malting, the third floor flat has plenty of potential and is within easy walking distance of the town centre.

Ipswich Star: It was third time lucky for Hewett, from Cantley, after he lost the last two finals at Melbourne Park. It was third time lucky for Hewett, from Cantley, after he lost the last two finals at Melbourne Park.  (Image: Auction House)

The one-bedroom flat also comes with allocated parking and is in “good general order” according to Auction House East Anglia who are auctioning the property on Wednesday, February 8.

A spokesman for Auction House East Anglia said: "With electric storage heating and a potential rental income in excess of £7,000 per annum, we believe this to be a first class investment opportunity.

Ipswich Star: Inside the one bedroom flatInside the one bedroom flat (Image: Auction House)

The property has a reasonably sized bathroom and has an annual ground rent of £80 per annum. 

There are 63 years remaining on the 101 year lease.