Next Auction
12
Lot 13
14

5 & 5A Ellenbrook Green, Ipswich, IP2 9RR

Sold for £120,000
2 x self contained 1 bedroom flats... popular area with high rental demand

Property Details

Description

We are delighted to offer for sale by auction this substantial residential investment, which is situated on the south/west side of Ipswich in the Belstead Hills area. The Lot comprises of 2 x self-contained flats. Each flat enjoys lounge, kitchen/diner, bedroom, either a bathroom or shower room, gas central heating and uPVC double glazing. No.5 is on the first floor and is seen to be in excellent condition and is the subject of a 12 month AST from September 2019 at a rent of £450 pcm. 5a, on the second floor, offers some scope for cosmetic enhancement before letting and would then provide the same potential yield.

Key Features

  • 2 X 1 BEDROOM FLATS
  • GAS C/H
  • UPVC D/G
  • POPULAR LOCATION
  • 1 UNIT TENTANTED
  • 1 UNIT VACANT
  • REFURB POTENTIAL
  • FLOORPLANS ONLINE
Tenure

Leasehold

EPC

C-C

Viewing

Sat 22 Feb 14:00 - 15:00

Solicitors

Mrs Sheelagh M Foort
Foort Tayler Solicitors
45 High Street
Great Dunmow
CM6 1AH

Tenancy

5 - 12 month AST from Sep 2019
5a - Vacant

Current Yield.

£450 pcm / £5400 pa

Potential Yield.

£900 pcm / £10800 pa

Location

5 & 5A Ellenbrook Green, Ipswich, IP2 9RR

*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.