1 bedroom apartment for sale

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1 bedroom apartment for sale

Constitution Hill, Ipswich
£150,000

Our Summary

  • SUMMARY A rare investment opportunity to purchase a one bedroomed apartment located in a prime residential area, close to Christchurch Park, currently tenanted and generating and income of £695 per calendar month

Description

This is a rare investment opportunity to purchase a one-bedroom apartment in a prime residential area of Ipswich, close to Christchurch Park. The apartment is currently tenanted and generates an income of £695 per month. It is part of a converted boarding house, with communal gardens and ample car parking. The apartment has a separate kitchen, living room, bedroom, and bathroom, and is offered with one freehold share of the total 15 shares in the development. The service charge is approximately £942.47 every six months, and there is an extraordinary charge of £1,725 per apartment for fire safety improvements. The apartment is located in a popular area with easy access to the town center, railway station, and road networks. The property is being sold with the benefit of a 10-year lease, and the vendor is willing to consider offers in excess of £140,000.