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No longer on the market

This property is no longer on the market

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11 bedroom block of apartments

Auction
EPC rating: B
Block of apartments
11 beds
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent
BroadbandSuper-fast 61Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Prime Freehold investment
  • 5 tenanted flats comprising 4 two bedroom and 1 three bedroom
  • Currently producing £49,500 pa with scope to enhance income
  • Popular east Ipswich location
  • Guide price: £650,000
  • For sale by online livestream auction
  • Unless previously sold or withdrawn prior
  • 11:00am - Thursday, 08 May 2025

FOR SALE BY LIVESTREAM ONLINE AUCTION - 11:00AM, THURSDAY, 08 MAY 2025

TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

A prime Freehold investment comprising 5 tenanted flats

Situated in the desirable IP4 area to the east of the town centre is this detached c.2010 built residential property comprising 4 two bedroom and 1 three bedroom flats with open plan living space, en-suite facilities and parking to the rear.

The property is traditionally built with block and brick, concrete floors throughout and a concrete staircase. It was built by Barnes Construction who are one of the leading contractors in East Anglia. Each flat is let on an Assured Shorthold Tenancy currently producing a combined annual income of £49,500, however with one or two of the units let at below current market levels there's certainly scope for enhancement.

This is without doubt one of the safest investments we've had the privilege of offering recently and would grace any rental portfolio.

Council Tax Bands Nos 235 - 241 = B, No. 243 = C

Tenure: Freehold

EPC Rating: B

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £1440 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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About this agent

Auction House - East Anglia
Auction House - East Anglia
The Barn, Newmarket Road Cringleford Norwich, Norfolk NR4 6UE
01603 398879
Full profileProperty listings
The Auction House team have been holding auctions in East Anglia for over fifteen years. We originally operated under the Tops name, then as Tops Auction House. We have been the Eastern Region’s leading Land and Property auctioneers since 2002 and are highly respected in the area. Sale numbers have grown over the period to over 400 properties per year with success rates averaging out at well over 80% since 2004. Auction House East Anglia draws entries for its auction room in Norwich from a wide geographical area and is supported by a number of market and coastal town Introducer Agents who provide entries and assist with viewings. Auction House East Anglia operates from offices in Norwich (servicing Norfolk), King's Lynn (servicing NW Norfolk and parts of Cambridgeshire), Peterborough (servicing Cambridgeshire) and Ipswich (servicing Suffolk and North Essex) and sells a wide variety of property types covering the residential, land, commercial, investment and agricultural sectors. Many are vacant for improvement, others tenanted or for development. We are expert advisers and guide vendors as to the most appropriate method of sale which could be by Formal or Informal Tender, Invited Offer, Private Treaty or Auction. Auction House East Anglia was the model Licensee and provided the template for others to follow. It continues to be one of the most successful operators in the UK and is the ‘first choice’ regional auctioneer across the counties of Norfolk, Suffolk, Cambridgeshire and North Essex.
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