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31 Mornington Avenue, Ipswich, Suffolk, IP1 4LA

Guide price £175,000 - £200,000*
Classic double bay semi... presented as 2 self contained tenanted investments

Property Details

Description

Mornington Avenue is situated in the sought-after Dales area of Ipswich, just north of Norwich Road. This location offers close proximity to local shops, schools, and convenient bus services. Originally designed as a double-bay semi-detached home, Number 31 has undergone a tasteful conversion to create two self-contained one-bedroom flats. Each flat has its own front door accessible from the covered entrance porch. Both flats are currently occupied by long-term tenants who initially held AST’s and now have periodic. These units provide a unique opportunity for discerning investors, as they feature gas central heating and double glazing. Each flat also comes with its own garden area, and we have been informed that the garage is rented separately to another tenant for storage purposes.

Key Features

  • TENANTED INVESTMENT
  • 2 SELF CONTAINED FLATS
  • DALES LOCATION
  • DOUBLE BAY SEMI
  • GAS C/H
  • UPVC D/G
  • 2 GARDENS
  • HIGH YIELDING
Tenure

Freehold

EPC

D, D

Viewing

Sat 8 July - 11:00 - 12:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

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

Tenancy

31 - AST 2019
31A - AST 2019

Current Yield.

31 - £610 PCM
31A - £610 PCM

£1220 PCM / £14,640 PA

Location

31 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.