A well-presented 4-bed HMO in Ipswich, currently tenanted with low utility costs and generating an annual rent of £20,016. Ideally situated close to the town center, the local train station with direct links to London, and the University of Suffolk, this property offers excellent convenience. It features a private garden, a good-sized kitchen, and a spacious living room. With an EPC rating of a high D, it has the potential to reach a B grade with simple upgrades. Priced at £180,000 with low buy-in costs, this is a fantastic investment opportunity.

The financials:
▪ Purchase price: £180,000
▪ GDV: £230,000
▪ Refurb costs: £5,000
▪ Annual profit: £9,052
▪ ROCE: 30%
▪ Yield: 9%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.