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55 Kirby Street, Ipswich, Suffolk, IP4 4PT

Sold for £229,000
High yielding low maintenance residential investment... 10%+ yield

Property Details

Description

In East Ipswich, nestled between Woodbridge Road and Spring Road, lies this semi-detached property that presents a lucrative investment opportunity. This property, which includes a driveway, attached garage and a cellar, is currently leased to Anglia Care Trust. It’s structured as a 5-bedroom accommodation with shared facilities, catering to the needs of tenants.A significant benefit of this current lease arrangement is the absence of landlord expenditure; such as council tax, utility bills, and agent fees are all covered by Anglia Care Trust. This setup makes it an ideal high-yielding, low-maintenance investment. The property’s location and its current profitable lease offer an attractive proposition for investors seeking a steady income with minimal overhead costs.

Key Features

  • EAST IPSWICH
  • NEAR WOODBRIDGE RD
  • SEMI-DETACHED
  • GARAGE & CELLAR
  • 5-BED LEASED
  • NO LANDLORD COSTS
  • HIGH YIELDING
  • LOW MAINTENANCE
Tenure

Freehold

EPC

D

Viewing

Sat 25 Nov 10:00 - 11:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Charlotte Cope
Attwells Solicitors LLP
Sun Buildings
35-37 Princes Street
Ipswich
IP1 1PU

Tenancy

Lease from 2018 to Anglia Care Trust now holding over

Current Yield.

£1,766 pcm / £21,192 pa

Location

55 Kirby Street, Ipswich, Suffolk, IP4 4PT

*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.

Additional Fees All buyers are liable to pay an Administration Charge of £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.