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14 Norwich Court, Chevallier Street, Ipswich, IP1 2PA

Sold for £60,000
First floor studio apartment... high yield potential, ready to let

Property Details

Description

We are delighted to bring this well-presented first-floor studio apartment to the auction market. Sold in its current form, complete with basic, compliant furnishings and a fitted kitchen with freestanding appliances, none of which have been tested, this property is ready to be presented to the letting market. With a potential yield of £5,000 pa the % against investment is seen to be very high. Management of the block appears to be comprehensive and at relatively low cost (full details are within the legal pack) and this Lot further enjoys an on-site parking space.

Without question, a strong, high yielding investment that will complement any residential investment portfolio.

Key Features

  • READY TO LET
  • FIRST FLOOR
  • WEST IPSWICH
  • SINGLE PARKING SPACE
  • HIGH YIELD POT.
  • STRONG DEMAND
  • FLOORPLAN ONLINE
Tenure

Leasehold

EPC

D

Viewing

Fri 21 Feb 12:00 - 13:00
Sat 22 Feb 12:00 - 13:00
Mon 24 Feb 14:30 - 15:30

Solicitors

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

Location

14 Norwich Court, Chevallier Street, Ipswich, IP1 2PA

*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 £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.