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Lot 12
13

36 Burrell Road, Ipswich, Suffolk, IP2 8AB

Guide price £300,000 - £350,000*
14.8% Yielding HMO... recently converted close to Station & Wet-Dock

Property Details

Description

This well- proportioned, recently converted, licensed eight bedroom HMO investment is situated within a stones throw of Ipswich Train station and close to the town Centre and Waterfront. Having recently undergone a complete and extensive conversion, all rooms are furnished to a high standard, with 4 of the rooms enjoying en-suite facilities with two shared kitchens, communal areas and shared bathroom to the remaining rooms. We understand that the building is registered with Ipswich Borough Council and is fully compliant with their standards. The property is being sold, with all 8 of the rooms currently occupied on 6-month AST tenancies. A high yielding investment with a current gross yield of £44,520 showing a solid 14.8% yield at Low Guide.

Key Features

  • 14.8% YIELD
  • FULLY TENANTED
  • 8 BEDROOMS
  • 4 ENSUITE ROOMS
  • RECENTLY CONVERTED
  • HIGH SPEC FITTINGS
  • FLOOR PLAN ONLINE
  • VIDEO TOUR ONLINE
Tenure

Freehold

EPC

C

Viewing

By appointment with the Auctioneers

Solicitors

Mr Andy Tawell
Bates Wells & Braithwaite
29 Lower Brook Street
Ipswich
IP4 1AQ

Tenancy

All on 6 month AST from 2021

Current Yield.

Bed 1 - £520 - Bed 2 - £520
Bed 3 - £520 - Bed 4 - £530
Bed 5 - £395 - Bed 6 - £395
Bed 7 - £410 - Bed 8 - £420

£3,710 pcm / £44,520 pa

Download Legal Pack

Location

36 Burrell Road, Ipswich, Suffolk, IP2 8AB

*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.