House For Sale £340,000
Investment opportunity
A substantial Victorian semi-detached property situated within a few minutes walk of Ipswich Railway Station comprising 3 flats currently let on assured shorthold tenancies to established tenants. All three tenancies are running on a periodic basis having passed the initial fixed term.
All flats have gas fired central heating. 1 flat is 2 bedrooms whilst 2 are 1 bedroomed.
There is parking off road to the front and a good sized rear garden serving as a communal space for the enjoyment of all flats. The current income is approx. £17,500p.a a gross yield of 5.1% with scope (subject to improvement) to increase.
The property comprise :
Ground floor flat (52sqm) with Hall, kitchen, lounge bedroom and bathroom. Gas fired central heating. Currently let at £450pcm
First floor Flat (47sqm)with Hall, kitchen, lounge bedroom and bathroom. Gas fired central heating. Currently let at £450pcm
Second floor flat (67sqm) with Hall, kitchen, lounge bedroom and bathroom. Gas fired central heating. Currently let at £550pcm
Outside: Parking space to the front on large tarmac hardstanding. Good sized rear communal gardens.
All flats have current gas and electric safety certificate and are let on Assured shorthold tenancies which have passed their initial fixed terms and are subsequently running as periodic tenancies.
The properties in recent years have had new gas fired boilers fitted but would benefit from some improvement and general updating which when done would improve the overall potential rental yields. Currently the gross yield is £17,400pa (5.1%)
There is also the opportunity to purchase the property attached which is a similar three storey Victorian house also split into 3 flats. It is understood the yield is approximately £18,000pa (5.3%) Guide price £340,000 Freehold
A substantial Victorian semi-detached property situated within a few minutes walk of Ipswich Railway Station comprising 3 flats currently let on assured shorthold tenancies to established tenants. All three tenancies are running on a periodic basis having passed the initial fixed term.
All flats have gas fired central heating. 1 flat is 2 bedrooms whilst 2 are 1 bedroomed.
There is parking off road to the front and a good sized rear garden serving as a communal space for the enjoyment of all flats. The current income is approx. £17,500p.a a gross yield of 5.1% with scope (subject to improvement) to increase.
The property comprise :
Ground floor flat (52sqm) with Hall, kitchen, lounge bedroom and bathroom. Gas fired central heating. Currently let at £450pcm
First floor Flat (47sqm)with Hall, kitchen, lounge bedroom and bathroom. Gas fired central heating. Currently let at £450pcm
Second floor flat (67sqm) with Hall, kitchen, lounge bedroom and bathroom. Gas fired central heating. Currently let at £550pcm
Outside: Parking space to the front on large tarmac hardstanding. Good sized rear communal gardens.
All flats have current gas and electric safety certificate and are let on Assured shorthold tenancies which have passed their initial fixed terms and are subsequently running as periodic tenancies.
The properties in recent years have had new gas fired boilers fitted but would benefit from some improvement and general updating which when done would improve the overall potential rental yields. Currently the gross yield is £17,400pa (5.1%)
There is also the opportunity to purchase the property attached which is a similar three storey Victorian house also split into 3 flats. It is understood the yield is approximately £18,000pa (5.3%) Guide price £340,000 Freehold
