This property has been taken off the market.

3 Bed Semi-Detached House For Sale Mornington Avenue, Ipswich, IP1

£150,000- Semi-Detached

Auction Property
1 of 14
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 27th April 2024

Description

For sale by auction on 15/05/2024 at Live Broadcast Auction\r
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Lot Number 7\r
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31 & 31A Mornington Avenue\r
Ipswich\r
Suffolk\r
IP14LA\r
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Guide Price:\r
£150,000 - £175,000\r
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Discover a unique investment opportunity on Mornington Avenue, situated in the highly desirable Dales area of Ipswich. This property, originally built as a double-bay semi-detached home, has been tastefully converted into two self-contained one-bedroom flats. Each flat enjoys its own front door from the covered entrance porch, providing privacy and convenience. Currently occupied by established tenants on periodic ASTs, these flats offer long-term stability for investors. With the benefits of gas central heating and double glazing, both units provide comfortable living spaces year-round. Additionally, there is a small private garden serving the ground floor flat, while the garage is let to a separate tenant for storage. Don't miss this exceptional opportunity to invest in a prime location with proven rental income.\r
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Tenure: Freehold\r
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EPC: D, D\r
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Tenancy: 31 - AST 2019 now periodic\r
31A - AST 2019 now periodic\r
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Current Yield: 31 - £610 pcm / £7,320 pa\r
31A - £610 pcm / £7,320 pa\r
£1220 pcm / £14,640 pa\r
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TENANTED INVESMENT\r
DALES AREA\r
CONVERTED PROPERTY\r
TWO FLATS\r
ESTABLISHED TENANTS\r
GAS HEATING\r
PRIVATE GARDEN\r
PROVEN INCOME\r
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Open viewings have been arranged for:\r
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Tue 7 May 17:00 - 18:00\r
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(10 Minute viewing slots\r
MUST be pre-booked)\r
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Vendors Solicitors\r
Mr Edward Thomson\r
Kerseys Solicitors\r
32 Lloyds Avenue\r
Ipswich\r
IP1 3HD
Agent Details
Goldings
9, St. Helens Street, Ipswich, IP4 1HE
Show Contact Number
01473 210 200

Investment Analysis

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Potential Return-on-Cash Invested