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4 Spring Road, Ipswich, Suffolk, IP4 2RT

Sold for £156,000
5-Bed Licenced HMO... close to town centre and university

Property Details

Description

Situated within a short walking distance of the University, Waterfront and Ipswich town Centre, is this well- proportioned, licenced five bedroomed HMO investment.
We understand that the building is registered with Ipswich Borough Council and is fully compliant to their standards. The property is being sold with all rooms currently let on license agreements, although all of the tenants have been in situ for over 2 years.

A consistently high yielding investment with 2019 – 2020 returning a gross yield of £17,336. The current rent is £1,518 pcm / £18,216 pa. however, because of COVID, we understand that one of the rooms is in arrears, full details of which are within the legal pack.

Key Features

  • LICENCED HMO
  • FREEHOLD
  • CLOSE UNIVERSITY
  • 5 BEDROOMS
  • STRONG YIELD
  • £18,216 PA
  • VIDEO TOUR ONLINE
Tenure

Freehold

EPC

C

Viewing

Sat 28 Nov 11:00 - 12:00
(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Kem Masinbo-Amobi
KMA Solicitors
25 St Margarets Street
Ipswich
IP4 2BN

Current Yield.

£1,518 pcm / £18,216 pa

Location

4 Spring Road, Ipswich, Suffolk, IP4 2RT

*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 £900 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.