Siloam Place, Ipswich IP3 2 bed flat for sale

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Siloam Place, Ipswich IP3 2 bed flat for sale

Siloam Place, Ipswich, IP3
£140,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom flat in Ipswich is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-maintained and features two spacious bedrooms, two modern bathrooms, a lounge, and a kitchen. Currently, it produces an annual gross income of £10,740, which could be increased to a market rate of £13,500 with long-term tenants already in place. The tenants, who have been living in the property for several years, have consistently paid their rent and do not intend to move out, providing a stable income stream for the new owner. With a purchase price that offers a worthwhile return, this property is an attractive addition to any investment portfolio.