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31 Mornington Avenue, Ipswich, Suffolk, IP1 4LA

Sold for £174,000
Freehold tenanted investment with strong yield... 2x 1-bed self contained flats

Property Details

Description

Discover a unique investment opportunity on Mornington Avenue, situated in the highly desirable Dales area of Ipswich. This property, originally built as a double-bay semi-detached home, has been tastefully converted into two self-contained one-bedroom flats. Each flat enjoys its own front door from the covered entrance porch, providing privacy and convenience. Currently occupied by established tenants on periodic ASTs, these flats offer long-term stability for investors. With the benefits of gas central heating and double glazing, both units provide comfortable living spaces year-round. Additionally, there is a small private garden serving the ground floor flat, while the garage is let to a separate tenant for storage. Don’t miss this exceptional opportunity to invest in a prime location with proven rental income.

Key Features

  • TENANTED INVESMENT
  • DALES AREA
  • CONVERTED PROPERTY
  • TWO FLATS
  • ESTABLISHED TENANTS
  • GAS HEATING
  • PRIVATE GARDEN
  • PROVEN INCOME
Tenure

Freehold

EPC

D, D

Viewing

Tue 7 May 17:00 - 18:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mr Edward Thomson
Kerseys Solicitors
32 Lloyds Avenue
Ipswich
IP1 3HD

Tenancy

31 - AST 2019 now periodic
31A - AST 2019 now periodic

Current Yield.

31 - £610 pcm / £7,320 pa
31A - £610 pcm / £7,320 pa
£1220 pcm / £14,640 pa

Location

31 & 31A Mornington Avenue, Ipswich, Suffolk, IP1 4LA

*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.