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Norwich Road, Ipswich, IP1 9 bed townhouse for sale
Norwich Road, Ipswich, IP1
£850,000
Norwich Road, Ipswich, IP1
£850,000
Our Summary
- This promising portfolio sale includes not just the existing 4 apartments with secure tenancies generating substantial rental income, but also ongoing planning permission for an additional 3 apartments in a single dwelling and a conversion for a 2 bedroom maisonette (STP), amplifying the earning prospects for the discerning investor
- With planning applied for the development of 4 more apartments subject to planning permission, this prime investment opportunity offers a 10% discounted sale price, making it a compelling proposition for savvy buyers seeking to grow their property portfolios with assured returns on investment
Description
This townhouse in a prime residential area presents a rare investment opportunity, with planning permission in place for the development of four additional apartments and a conversion of a garage into a two-bedroom maisonette. The existing property consists of four apartments with secure tenancies, generating substantial rental income, and comes with ample off-road parking. The property is being sold at a discounted price, making it an attractive proposition for savvy investors seeking to grow their portfolios with assured returns. With an estimated GDV of £1.4 million once the new build and conversion are complete, this property offers unparalleled potential and lucrative investment opportunities.