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Cobbold Street, Ipswich, IP4 7 bed terraced house for sale
Cobbold Street, Ipswich, IP4
£290,000
Cobbold Street, Ipswich, IP4
£290,000
Our Summary
- Arranged over three floors, the property offers seven bedrooms, each capable of fitting a double bed, though some work best as singles
- While the property is in good working condition, there is scope for further improvement to raise the standard and increase rental returns
- Being sold with tenants in situ and fully furnished, this is a turnkey investment in a high-demand area of Ipswich, with room for future uplift
- For Sale Via Keller Williams Online Auction powered by Bamboo Auctions
- Auction end date and time: 2/10/25 at 18:00The auction will be exclusively available online via our website including the legal pack information
- Please visit the Keller Williams website, and click on the 'online auction' tabA 'register' button can be found on this page or by clicking into the individual listing
- In good condition with scope to upgrade and increase returns
Description
This 7-bedroom HMO property in Ipswich town centre is a lucrative investment opportunity for landlords seeking reliable rental returns. The property is currently fully let to working professionals, including chefs and service industry staff, who benefit from the convenient location. The property is arranged over three floors, with seven bedrooms, two bathrooms, and a generous communal kitchen. While the property is in good condition, there is scope for further improvement to increase rental returns. The property comes with tenants in situ and is fully furnished, making it a turnkey investment. The current gross net income is £37,120, but with market rate tenancies, this could increase to £42,000. The property will be sold via online auction, with the auction end date set for October 2, 2025, at 6:00 PM.