Next Auction
10b
Lot 11
12

Flat E, 28 Fonnereau Road, Ipswich, IP1 3JP

Sold for £76,000
Tenanted investment... Studio with potential - high profile, Ipswich t/c

Property Details

Description

This spacious flat within a beautiful-looking building of white brick construction stands among the strong residential character and grand houses of Fonnereau Road adjacent to Christchurch Park and a short walk from central Ipswich.
The communal lobby’s stairs to the 1st floor gives access to the accommodation: entrance hall, large studio room with feature fireplace, separate kitchen and bathroom.The subject of a long-standing tenant held on an AST the flat’s prime location is extremely popular with renters.

We believe potential may exist to create a greater yield plus added value through reconfiguration.

Key Features

  • GREAT LOCATION
  • CONSERVATION AREA
  • VIEWS OVER IPSWICH T/C
  • TENANTED SINCE 2014
  • LARGE STUDIO FLAT
  • SEP. KITCHEN/BATH.
  • YIELDING £4,320 PA
  • POTENTIAL TO ADD VALUE
  • RECONFIGURE
  • LEASE – 969 YEARS LEFT
Tenure

Leasehold

EPC

D

Viewing

Sat 17 Feb 12:30 - 13:30

Solicitors

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

Current Yield.

£360 pcm / £4,320 pa

Location

Flat E, 28 Fonnereau Road, Ipswich, IP1 3JP

*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.

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