2 bed Flat For Sale £155,000
16-18, Princes Street, Ipswich, Suffolk IP1
previous price £165,000

This wonderful two bedroom apartment comprises of an entrance hallway leading to a spacious lounge, with double glazed windows; a fully fitted kitchen with all appliances included; the master double bedroom with double glazed window and en-suite shower room; a three piece family bathroom with shower over bath; second double bedroom with double glazed window. The property is located on the third floor, and is in the heart of Ipswich.

There couldn't be a better time to invest in Ipswich - the combination of the town's regeneration and improved commuter access have had a massively positive effect on house prices in Ipswich. This is good news, not just for homeowners, but also for property developers who recognise Ipswich’s potential future fortunes and are willing to invest in new housing developments in the town – which, in turn, could spur further growth in the local economy. The average price for property in IP1 1QU stood at £128,974 in January 2021, this is a rise of 4.44% since 12 months ago.

A Network Rail investment of £2 billion into major improvements to the line between London and East Anglia, alongside specific proposals to reduce the commute time between Ipswich and the capital to less than an hour by 2024, will also serve to make the town more attractive to house-hunters looking for property with easy access to the city, but without having to pay London property prices.

Financial Breakdown

Gross rent: £7,800
Ground rent: £300
Service charge: £1,217
Lettings fees: £0
Net income: £6,283
Gross yield: 4.73%
Net yield: 3.81%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-16009