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Flat 2, 19 London Road, Ipswich, IP1 2EZ

Sold for £47,000
12% yield at low Guide, tenanted investment... 1 bed flat close Ipswich t/c

Property Details

Description

On the fringe and within an easy walk of Ipswich town centre, this ground floor 1 bedroom flat enjoys a wealth of local amenities.
The apartment could benefit from enhancement and is located at the rear of the building. Living space incorporates an entrance hall, lounge with kitchen off, bedroom and bathroom with uPVC double glazing throughout and French doors opening out onto the rear.

The property’s current tenancy has reverted from an AST to a Periodic arrangement with a happy, long-standing tenant producing a 12% pa yield at low guide.

Download the free Legal Pack for further details.

Key Features

  • TENANTED INVESTMENT
  • 12% YIELD AT LOW GUIDE
  • 1-BED FLAT
  • CLOSE IPSWICH T/C
  • HANDY FOR AMENITIES
  • GOOD LIVING SPACE
  • NEEDS MODERNISATION
  • FULL DETAILS ONLINE
  • PHOTOS ONLINE
  • DOWNLOAD LEGAL PACK
Tenure

Leasehold

EPC

TBC

Viewing

Sat 23 Sept 11:00 - 12:00

EXTRA VIEWING - Sat 30 Sept 10:00 - 10:30

There is no requirement for prior registration to attend one of these published open viewings.

Solicitors

Ms Becky Grimsey
Jackamans Solicitors
Oak House
7 Northgate Street
Ipswich
IP1 3BX

Tenancy

6 Month AST from April 2015 now held on a Periodic basis

Current Yield.

£400 pcm, £4,800 pa

Location

Flat 2, 19 London Road, Ipswich, IP1 2EZ

*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.