>
159 Norwich Road, Ipswich, Suffolk... Block of apartments for sale
159 Norwich Road, Ipswich, Suffolk IP1 2PP
£240,000
159 Norwich Road, Ipswich, Suffolk IP1 2PP
£240,000
Our Summary
- FOR SALE BY LIVESTREAM AUCTION ON THURSDAY 8TH MAY 2025 AT 11:00AM
- Three of the flats are let to established tenants and produces and income of £19,320 per annum whilst the basement flat is vacant and in need of some improvements
- To the rear beyond the garden is parking space for 4 cars and with a potential annual yield approaching 10% of the Low Guide price this is certainly an investment opportunity that shouldn't be passed by
- 3 tenanted and 1 vacant requiring improvement
- For sale by livestream auction
Description
This property is a freehold investment opportunity comprising four one-bedroom flats located on the western outskirts of town. The property is divided into four self-contained flats, with three currently let to established tenants generating an annual income of £19,320. The basement flat is vacant and requires some improvements. The property has parking space for four cars and offers a potential annual yield of around 10% of the low guide price, making it an attractive investment opportunity. The property is a Grade II Listed building with a D EPC rating and is being sold by livestream auction on May 8th, 2025, with registration required for legal packs and bidding instructions.