5 Bed HMO, Ipswich, IP4 2LH, £299,995

176 St Helens Street, Ipswich, Suffolk, IP4 2LH - 12 views - a year ago

Sold STC
HMO
ROI: 6%
126 m²
+8 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£74,999

Stamp Duty & Legal Fees

£13,500

Total Cash In

£88,499

 

 

Cash Out

 

Room Rate

£509

Gross Rent

£2,545

Running Costs/mo

£2,036

Cashflow/mo

£509

Cashflow/yr

£6,106

ROI

7%

Gross Yield

10%













Property History

Price changed to £299,995

December 4, 2024

Listed for £310,000

March 29, 2024

Sold for £85,500

2002

Sold for £57,000

2001

Description

  • HMO PROFESSIONAL HOUSE SHARE +
  • FIVE FURNISHED ROOMS +
  • GREAT LOCATION FOR ALL AMMENITIES +
  • GROSS INCOME OF £30,540 PER ANNUM +
  • MODERN KITCHEN/BREAKFAST ROOM +
  • TWO SHOWER ROOMS +
  • REAR GARDEN +
  • LONG TERM TENANTS +
  • MUST BE VIEWED TO APPRECIATE +
  • EPC RATING D +

CALLING ALL INVESTORS – HMO PROFESSIONAL HOUSE SHARE Situated within a very short walk to the town centre lies this stunning and recently refurbished FIVE BEDROOM terraced house with a current gross annual income of £30,540.  A real must see! Call Northwood to get the inside view. Internally comprising of an entrance hall, two modern shower rooms, separate cloakroom, contemporary kitchen/breakfast room and five spacious double bedrooms, this beautifully presented terraced house really has the 'wow' factor! Furnished throughout with each bedroom benefiting from a luxury double bed, modern set of wardrobes and chest of drawers. Externally to the rear of the property there is an enclosed south facing garden, mainly laid to lawn with a patio area. Located within very easy reach of local shops, the University of Suffolk, Suffolk New College, the Marina, Ipswich Town Centre and Ipswich Hospital - making it ideal as a professionals house share. Entrance to: Entrance Hall: Vinyl flooring. Radiator. Doors to Bedroom One and Two. Door to utility. Under stair cupboard. Stairs to first floor. Bedroom One: 16' 3"max x 12' 9" (4.95m x 3.58m) Fitted carpet. Bay fronted window. Vertical wall mounted radiator. Power points with USB connection. Bedroom Two: 13' 0" x 11' 8" ((3.96m x 3.55m) Fitted carpet. Radiator. Feature fireplace. French doors to rear aspect leading out to garden. Utility Area: 9' 7" x 5' 5" (2.92m x 1.65m) Vinyl flooring. Two washing machines. Doors to kitchen/breakfast room and shower room.  Downstairs Shower Room: Suite comprising of back to wall WC, wall hung wash basin and double shower cubicle. Window to side aspect. Radiator. Vinyl flooring and tiled walls. Kitchen/Breakfast Room: 14'1" x 10' 2" (4.29m x 3.09m) Range of modern wall and base units with two integrated ovens. Integrated induction hob. Breakfast bar. Windows to side and rear aspect. Door to side aspect leading out to garden. Upstairs Landing. Doors to Bedroom Three, Four and Five:                                                                                                 Bedroom Three: 16' 4"max (13' 0"min  -( 3.9m) x 11' 8" (4.97m x 3.55m) Fitted carpet. Radiators. Feature fireplace. Recess shelving. Window and bay window to front aspect. Bedroom Four: 12' 9" x 11' 0" (3.88m x 3.35m) Fitted carpet. Window and radiator to rear aspect. Feature fireplace. Built in wardrobes. Bedroom Five: 9' 9" x 9' 1" (2.97m x 2.76m) Fitted carpet. Feature fireplace. Window and radiator to rear aspect. Upstairs Shower Room: Suite comprising of Shower cubicle, wash basin with vanity unit and low level WC. Opaque window to side aspect. Vinyl flooring and tiled walls. Upstairs Cloakroom: Two piece suite comprising of low level WC and wall mounted wash basin. Opaque window to side aspect. Vinyl flooring. Garden: Enclosed. Mainly laid to lawn with patio area and garden shed. Gated access to rear. PLEASE NOTE: Northwood confirm that these particulars are believed to be accurate but they are a brief summary issued for general guidance only and are not comprehensive. These particulars and any text, measurements, dimensions or indicative plans made available are for general information only and do not form part of any offer or contract. Prospective purchases should not rely on these particulars and must satisfy themselves on all aspects by inspection or otherwise. Northwood, their employees and representatives are not authorised to make or give any representations, assurances or warranties for the property, whether within these particulars or otherwise, and no liability is accepted to the purchaser in this respect. EPC rating: D. Tenure: Freehold,

Agent Details

Northwood, Ipswich

01473 299070

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