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11
Lot 12
13

132 Lavenham Road, Ipswich, Suffolk, IP2 0LD

Sold for £176,000
Modern 3-bed detached family home... priced for Auction market

Property Details

Description

This three-bedroom detached family home is situated on the southern side of Ipswich, located near the picturesque Chantry Park and a stone’s throw from the A14/12 trunk road. Convenience meets connectivity with close proximity to the rail station. It has been occupied by a long-standing tenant since 2011, initially under an assured shorthold tenancy, which has now reverted to a periodic tenancy. While the property offers the potential of a secure rental income, the tenant is regrettably in arrears. Given the vendor’s circumstances, they seek a hassle-free transition and have opted to sell by auction, avoiding the complexities of serving notice. This presents a unique opportunity for savvy investors to navigate this situation and turn it into a valuable asset. Note: NO internal inspection by Auctioneers.

Key Features

  • 3-BED DETACHED
  • SOUTH IPSWICH
  • NEAR CHANTRY PARK
  • CLOSE TO A14/12
  • TENANT SINCE 2011
  • RENT ARREARS
  • AUCTION SALE
  • INVESTOR’S CHANCE
Tenure

Freehold

EPC

D

Viewing

No viewing available

Solicitors

Mr Aiden Jakubik
Fairstep Solicitors
174-176 Hamilton Road
Felixstowe
IP11 7DU

Tenancy

AST from 2011

Current Yield.

£660 pcm / £7,920 pa

Currently in arrears of £4,280
(as of 17th Nov 2023)

Location

132 Lavenham Road, Ipswich, Suffolk, IP2 0LD

*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.