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1 Bed Flat For Sale Elm Street, Ipswich, IP1

£108,000- Flat

1 of 7
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Last Updated: 16th April 2024

Description

Pennington are delighted to offer for sale this ONE BEDROOM GROUND FLOOR APARTMENT IN THE TOWN CENTRE OF IPSWICH. The property would be a great investment opportunity as it currently rents for £675.00PCM on an assured short hold tenancy. The apartment is full of character and is ideally positioned within the main town centre of Ipswich, the County Town if Suffolk and offers something for everyone.



COMMUNAL HALLWAY:
Tiled flooring, post boxes, stairs to upper floors, door to:

PRIVATE HALLWAY:
Fitted carpet, radiator, intercom system.

LOUNGE: 14' x 11'8
Sash window to front, cupboard housing gas boiler, fitted carpet, picture rail, double radiator, cornice ceiling,

KITCHEN: 8'2 x 5'8
Sash window to side, range of matching wall and base units with work surfaces over, single drainer sink unit, radiator, space for under counter fridge and free standing oven, concealed extractor hood, plumbing for washing machine, coved ceiling.

BEDROOM: 10'7 x 8'
Sash window to front, fitted carpet, radiator, coved ceiling.

BATHROOM: 11'1 x 4'2
Sash window to side, white suite comprising of panelled bath with mixer tap and shower attachment, pedestal wash hand basin, close coupled w.c.extractor fan, radiator, part tiled walls, wood effect flooring, coved ceiling.

LEASE DETIALS:
We understand from the vendor that there is a remainder of a 199 year lease from 2000.

SERVICE CHARGE:
£1175.50 per annum. Ground rent £610.18 per annum.

\rPennington are delighted to offer for sale this ONE BEDROOM GROUND FLOOR APARTMENT IN THE TOWN CENTRE OF IPSWICH. The property would be a great investment opportunity as it currently rents for £675.00PCM on an assured short hold tenancy, which gives a yield of 7.2%. The apartment is full of character and is ideally positioned within the main town centre of Ipswich, the County Town if Suffolk and offers something for everyone.



COMMUNAL HALLWAY:
Tiled flooring, post boxes, stairs to upper floors, door to:

PRIVATE HALLWAY:
Fitted carpet, radiator, intercom system.

LOUNGE: 14' x 11'8
Sash window to front, cupboard housing gas boiler, fitted carpet, picture rail, double radiator, cornice ceiling,

KITCHEN: 8'2 x 5'8
Sash window to side, range of matching wall and base units with work surfaces over, single drainer sink unit, radiator, space for under counter fridge and free standing oven, concealed extractor hood, plumbing for washing machine, coved ceiling.

BEDROOM: 10'7 x 8'

Sash window to front, fitted carpet, radiator, coved ceiling.

BATHROOM: 11'1 x 4'2
Sash window to side, white suite comprising of panelled bath with mixer tap and shower attachment, pedestal wash hand basin, close coupled w.c.extractor fan, radiator, part tiled walls, wood effect flooring, coved ceiling.

LEASE DETIALS:
We understand from the vendor that there is a remainder of a 199 year lease from 2000.

SERVICE CHARGE: £1175.50 per annum. Ground rent £610.18 per annum.
Agent Details
Pennington Surveyors Limited
45 Woodbridge Road East, Ipswich. IP4 5QN

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
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Potential Return-on-Cash Invested