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Flat 3, 1 Fore Hamlet, Ipswich, Suffolk, IP3 8AA

Guide price £50,000 - £70,000*
Vacant 2 bedroom purpose-built apartment... Ipswich Waterfront

Property Details

Description

With a potential gross yield 14+% at low Guide, this 2 bedroom first-floor flat is a stone’s throw from the University of Suffolk and Ipswich’s vibrant Waterfront with its bars, restaurants and dockside lifestyle. This particular flat is within the newbuild section of the Grimwade Memorial development with the modern accommodation comprising of 2 bedrooms, shower room and open plan lounge/kitchen space. An ideal opportunity for investors as we understand the apartment will command a rent of circa. £600 – £650 pcm. This auction Lot represents an attractive investment for any residential portfolio and as such, we advise buyers to book their viewing slots within the published viewing times.

Key Features

  • 14%+ YIELD LOW GUIDE
  • IPSWICH WATERFRONT
  • CLOSE TO UNIVERSITY
  • VACANT
  • 2 BEDROOM
  • FIRST FLOOR
  • IDEAL BTL
  • FLOORPLANS ONLINE
  • VIDEO TOUR ONLINE
Tenure

Leasehold

EPC

C

Viewing

Fri 26 Nov 11:00 - 12:00
Sat 27 Nov 9:00 - 10:00
Tue 30 Nov 15:00 - 16:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Julie Oak
Prettys Solicitors LLP
Elm House,
25 Elm Street
Ipswich
IP1 2AD

Download Legal Pack

Location

Flat 3, 1 Fore Hamlet, Ipswich, Suffolk, IP3 8AA

*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.