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Lot 6
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526 Spring Road, Ipswich, IP4 5LZ

Sold for £134,000
2 bed end terrace... East Ipswich rental investment, long-term tenant

Property Details

Description

This 2 bedroom end-of-terrace property is located in desirable East Ipswich and benefits from gas fired central heating (n/t), uPVC double glazing and a long rear garden.
Accommodation comprises of: lounge, dining room, kitchen and shower room on the ground floor with 2 bedrooms above.
Originally let on an AST to the current long-standing tenant in residence for over 8 years, the agreement has now reverted to a Periodic Tenancy.

As an investment, its close proximity to schools, shops, bus services and Ipswich Hospital means when vacant, the property would either sell or re-let very easily.

Key Features

  • 2 BED END TERRACE
  • DESIRABLE EAST IPSWICH
  • GREAT LOCATION
  • LONG-TERM TENANT
  • PERIODIC TENANCY
  • SOLID INVESTMENT
  • PLANS & PHOTOS ONLINE
Tenure

Freehold

EPC

D

Viewing

LAST CHANCE TO VIEW -
ADDITIONAL OPEN VIEWING SCHEDULED FOR FRI 23 SEPT:

Fri 23 Sept 12:30 - 13:00
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Sat 17 Sept 12:30 - 13:30

Solicitors

Mr Mark Lomas
Hayward Moon Property Lawyers
Connexions
159 Princes Street
Ipswich
IP1 1QJ

Tenancy

Originally an AST and now a Periodic Tenancy

Current Yield.

£550 pcm / £6,600 pa

Location

526 Spring Road, Ipswich, IP4 5LZ

*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.