Next Auction
5
Lot 6
7

59 Siloam Place, Ipswich, Suffolk, IP3 0FD

Sold for £114,000
High yielding tenanted investment... 2 bedroom flat showing 11% return

Property Details

Description

This spacious two-bedroom first-floor flat is located adjacent to the highly regarded Ipswich Water Front and University campus. As is evident upon inspection, the property is a modern construction with well-presented and serviced communal areas, making it an ideal, low-maintenance addition to any residential portfolio. The property is offered with a fully up-to-date tenant who enjoys a 12-month assured shorthold tenancy from 24-05-22. There is a well-fitted kitchen, a comfortable lounge/diner, two double bedrooms and a bathroom. Originally the master bedroom had an en-suite facility, although this has been sacrificed to provide a sizeable walk-in wardrobe. Viewing is recommended to appreciate the proportions fully.

Key Features

  • TENANTED INVESTMENT
  • 2 BEDROOMS
  • IPSWICH WATERFRONT
  • CLOSE UNIVERSITY
  • 11% YIELD
  • MODERN CONSTRUCTION
  • HIGH RENTAL DEMAND
Tenure

Leasehold

EPC

C

Viewing

Sat 3 Dec 11:00 - 12:00

(10 Minute viewing slots
MUST be pre-booked)

Solicitors

Mrs Heidi Vanlangenaeker
Pretty Solicitors LLP
6th Floor
St. Vincent House
1 Cutler Street
Ipswich
IP1 1UQ

Tenancy

12 month AST from May 2022

Current Yield.

£825 PCM / £9,900 pa

Location

59 Siloam Place, Ipswich, Suffolk, IP3 0FD

*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.