For sale by auction on 15/05/2024 at Live Broadcast Auction

Lot Number 7

31 & 31A Mornington Avenue
Ipswich
Suffolk
IP14LA

Guide Price:
£150,000 - £175,000

Sold for £174,000

Discover a unique investment opportunity on Mornington Avenue, situated in the highly desirable Dales area of Ipswich. This property, originally built as a double-bay semi-detached home, has been tastefully converted into two self-contained one-bedroom flats. Each flat enjoys its own front door from the covered entrance porch, providing privacy and convenience. Currently occupied by established tenants on periodic ASTs, these flats offer long-term stability for investors. With the benefits of gas central heating and double glazing, both units provide comfortable living spaces year-round. Additionally, there is a small private garden serving the ground floor flat, while the garage is let to a separate tenant for storage. Don't miss this exceptional opportunity to invest in a prime location with proven rental income.

Tenure: Freehold

EPC: D, D

Tenancy: 31 - AST 2019 now periodic
31A - AST 2019 now periodic

Current Yield: 31 - £610 pcm / £7,320 pa
31A - £610 pcm / £7,320 pa
£1220 pcm / £14,640 pa

TENANTED INVESMENT
DALES AREA
CONVERTED PROPERTY
TWO FLATS
ESTABLISHED TENANTS
GAS HEATING
PRIVATE GARDEN
PROVEN INCOME

Open viewings have been arranged for:

Tue 7 May 17:00 - 18:00

(10 Minute viewing slots
MUST be pre-booked)

Vendors Solicitors
Mr Edward Thomson
Kerseys Solicitors
32 Lloyds Avenue
Ipswich
IP1 3HD