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Flat 510, The Spectrum Dunlop Road, Ipswich, Suffolk, IP2 0UJ

Sold for £64,000
Tenanted 2-bedroom top floor flat... ideal residential investment (15% yield)

Property Details

Description

This well-maintained and presented 2-bedroom apartment is situated close to the main road network, Ipswich train station and supermarkets. The building enjoys a spacious reception hall, with lifts to all floors, and is presented in a clean and tidy, well-managed facility. The apartment benefits from an open-plan living space with a fitted kitchen area and two bedrooms, each with built-in wardrobes. Complimented with a modern shower room, the property also benefits from electric heating. Offered with an established tenant in situ who is currently paying £650 pcm and has been in occupation for nearly two years, we consider this Lot a solid addition to any residential portfolio.

Key Features

  • 2 BEDROOMS
  • 15% YIELD LOW GUIDE
  • TOP FLOOR FLAT
  • WELL PRESENTED
  • FITTED KITCHEN
  • 118 YEAR LEASE
  • ESTABLISHED TENANT
  • £7,800 PA
Tenure

Leasehold

EPC

D

Viewing

Sat 18 Feb 11:00 - 12:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Ms Michalina Sadler
Hayward Moon Property Lawyers
Connexions
159 Princes Street
Ipswich
Suffolk
IP1 1QJ

Tenancy

AST from 01/04/21

Current Yield.

£650 pcm / £7,800 pa

Location

Flat 510, The Spectrum Dunlop Road, Ipswich, Suffolk, IP2 0UJ

*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 £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.