5 Bed HMO, Ipswich, IP4 2PH, £335,000

Lacey Street, Ipswich, IP4 2PH - 4 views - 24 days ago

HMO
ROI: 9%
~178 m²
+7 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£22,200

Total Cash In

£105,950

 

 

Cash Out

 

Room Rate

£602

Gross Rent

£3,010

Running Costs/mo

£2,259

Cashflow/mo

£751

Cashflow/yr

£9,015

ROI

9%

Gross Yield

11%













Property History

Listed for £335,000

March 6, 2025

Floor Plans

Description

  • Five bedroom HMO +

  • Five en suite's +

  • Kitchenette to bedroom five +

  • Generating in excess of £44,000 per annum +

  • Tenants in-situ & will remain +

  • Permit parking +

  • Great access to Ipswich Town Centre, University & Marina +

  • Excellent ready-made HMO +

SUMMARY
ATTENTION INVESTORS! Excellent ready-made HMO, generating in excess of £44,000 per annum. Tenants in-situ and will remain.

DESCRIPTION
This property has been converted into a fantastic 5 bedroom HMO with an en suite to every room. The property is currently at full capacity, generating £44,000 per annum, the tenancies will be transferred to the new buyer. The property is located in a prime residential area, close to Ipswich Town Centre and Christchurch Park. There is permit parking available for visitors.

Entrance Hall 24' x 3' ( 7.32m x 0.91m )
Grey wood effect flooring, one radiator and an understairs storage space.

Kitchen 10' 1" x 9' 3" ( 3.07m x 2.82m )
Two double glazed windows to the side, eye and base level units in white with marble effect worktop surfaces, a stainless steel one and a half bowl sink plus drainer and chrome mixer tap, an integrated oven with electric hob and extractor hood, tiled splashback, spot lights, space for a range of appliances and a door leading to the rear garden.

Ground Floor Bedroom One 13' 7" x 12' 3" max ( 4.14m x 3.73m max )
Double glazed bay window to the front, grey wood effect flooring, one radiator and spot lights.

En Suite 
Low level WC, a vanity sink with black mixer tap, a shower with glass enclosure, waterfall showerhead, glass screen and tiled splashback, marble effect tiled flooring, a black heated towel rail, extractor fan and shaver point.

Ground Floor Bedroom Two 11' 9" x 10' 2" max ( 3.58m x 3.10m max )
Double glazed window to the rear, grey wood effect flooring, one radiator and TV point.

En Suite 
Low level WC, a vanity sink with black mixer tap, a shower with glass enclosure, waterfall showerhead, glass screen and tiled splashback, marble effect tiled flooring, a black heated towel rail, extractor fan and shaver point.

First Floor Bedroom Three 12' 1" x 9' max ( 3.68m x 2.74m max )
Double glazed window to the front, grey wood effect flooring, one radiator and spot lights.

En Suite 
Low level WC, a vanity sink with black mixer tap, a shower with glass enclosure, waterfall showerhead, glass screen and tiled splashback, marble effect tiled flooring, a black heated towel rail, extractor fan and shaver point.

First Floor Bedroom Four 12' x 10' 1" max ( 3.66m x 3.07m max )
Double glazed window to the rear, grey wood effect flooring, one radiator and spot lights.

En Suite 
Low level WC, a vanity sink with black mixer tap, a shower with glass enclosure, waterfall showerhead, glass screen and tiled splashback, marble effect tiled flooring, a black heated towel rail, extractor fan and shaver point.

First Floor Bedroom Five 14' 3" x 5' 9" max ( 4.34m x 1.75m max )
Double glazed window to the rear, grey wood effect flooring, one radiator, spot lights and a kitchenette.

En Suite 
Low level WC, a vanity sink with black mixer tap, a shower with glass enclosure, waterfall showerhead, glass screen and tiled splashback, marble effect tiled flooring, a black heated towel rail, extractor fan and shaver point.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Ipswich

01473 943298

Next Steps?

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