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Lot 14
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486 Bramford Lane, Ipswich, IP1 5JY

Sold for £120,000
High-yielding residential investment... non-standard construction, W Ipswich

Property Details

Description

This spacious 3 bedroom semi-detached house in West Ipswich is of steel frame and concrete construction, originally built by the Local Authority in the 1950s.
A lounge and kitchen/diner are on the ground floor with 3 bedrooms and bathroom on the first floor plus double glazing and gas central heating (n/t).
As an investment property, it is the subject of an AST now reverted to aPeriodic Tenancy with the existing tenant open to entering into a further agreement, if requested.

A copy of a structural Engineers’ Report commissioned in 2007 is contained within the Legal Pack.

Key Features

  • HIGH-YIELDING
  • LARGE 3 BED SEMI-DET
  • WEST IPSWICH
  • STEEL FRAME
  • ENGINEERS REPORT
  • PERIODIC TENANCY
  • FLOORPLAN ONLINE
Tenure

Freehold

EPC

D

Viewing

Sat 26 Nov 12:30 - 13:30

Solicitors

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

Tenancy

Originally a 6-month AST from April 2016 now a Periodic Tenancy

Current Yield.

£675 pcm / £8100 pa

Location

486 Bramford Lane, Ipswich, IP1 5JY

*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.