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9 bedroom detached house for sale
Foxhall Road, Ipswich, Suffolk, IP3
£975,000
Foxhall Road, Ipswich, Suffolk, IP3
£975,000
Our Summary
- - Garages: 3 units with planning consent for conversion to offices
- The property benefits from off-street parking for 3–4 vehicles, as well as three garages, which come with approved planning permission to convert into office spaces-unlocking further rental potential
- - Strong yield with further uplift through planning gain
- - Planning approved for conversion of garages to office space
- Perfectly suited for investors looking for passive income with the added benefit of approved development potential
Description
This detached mixed-use property is located on Foxall Road, just off the high street in a vibrant and well-connected area. The property consists of six self-contained residential flats, a combination of one-bedroom and two-bedroom units, and a ground-floor commercial unit, all of which are currently tenanted and income-generating. The property benefits from off-street parking for 3-4 vehicles and three garages with approved planning permission to convert into office spaces, unlocking further rental potential. The current gross income is £78,000 per annum, with a potential gross income of £99,600 per annum after converting the garages into offices. The property is a freehold interest with full rental occupancy, offering a strong yield with further uplift through planning gain, making it an attractive investment opportunity for buy-to-let investors or those looking to expand their mixed-use portfolio.