Summary -
28 Virginia Street,IPSWICH,IP2 8TJ
IP2 8TJ
3 bed 1 bath Terraced
Compact three-bedroom investment with parking and immediate income.
Currently let at £950 PCM (income producing on exchange)
A compact three-bedroom terraced house offered as a ready-made rental investment in south Ipswich. The property is currently let at £950 PCM, producing a gross annual income of £11,400 and a gross yield of about 7.2% at the asking price of £157,500. Accommodation includes a kitchen/diner, separate lounge, cloakroom, family bathroom and a small rear garden.
Well-maintained interior fittings and an EPC rating of C make this low-management buy: gas central heating, double glazing and a contemporary kitchen are already in place. Practical advantages include private off-street parking and visitor spaces, fast broadband and excellent mobile signal, which support rental demand in the area.
Buyers should note material local issues: the property sits in an area classed as very deprived with a high crime score. The house is small (approx. 570 sq ft) and some rooms are compact — suitable for couples, sharers or small families but limited for space-hungry occupants. It is sold freehold and currently tenanted, so any purchase for owner-occupation would require coordination with the tenancy.
This is most suitable for investors seeking an income-producing, low-upkeep asset with immediate rental return. There is modest scope for value improvement through cosmetic updating or reconfiguration of internal space, but buyers should factor in the neighbourhood profile when evaluating long-term capital growth.
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