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4
Lot 5
6

393 Spring Road, Ipswich, Suffolk, IP4 5LY

Sold for £161,000
Tenanted freehold investment... East Ipswich with parking

Property Details

Description

A well-maintained two-bedroom Victorian end-of-terraced house, located on the popular eastern side of Ipswich. The property is conveniently situated for Ipswich Hospital, schools, local shops and bus services. Priced well below open market value and seen to be exceptionally well maintained by the current owner and cared for by the existing tenant, this Lot provides a very safe residential investment. With a side driveway and enclosed rear garden, the property enjoys double glazing, modern gas central heating, fitted kitchen and bathroom. The current tenant has been in occupation since 2019, initially on an AST, now Periodic Tenancy, paying a rent of £715 pcm.

We anticipate this Lot will generate strong demand, and viewings are highly recommended.

Key Features

  • TENANTED FREEHOLD
  • GAS C/H
  • EAST IPSWICH
  • UPVC D/G
  • £715 PCM / £8,580 PA
  • MODERN KIT & BATH
  • WELL PRESENTED
  • OFF ROAD PARKING
Tenure

Freehold

EPC

D

Viewing

Sat 18 Feb 09:30 - 10:30

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Joanna Perrins
Barker Gotelee Solicitors
41 Barrack Square
Martlesham Heath
Ipswich
Suffolk
IP5 3RF

Tenancy

AST from 10/2019

Current Yield.

£715 pcm / £8,580 pa

Location

393 Spring Road, Ipswich, Suffolk, IP4 5LY

*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.