7 bed terraced house for sale

Cobbold Street, Ipswich IP4

Located just a short walk from Ipswich town centre, Cobbold Street is a fully-let 7-bedroom HMO ideal for investors seeking strong and reliable rental returns. The property is currently occupied by working tenants, chefs and service industry professionals, who benefit from the convenience of being able to walk into town.

Arranged over three floors, the property offers seven bedrooms, each capable of fitting a double bed, though some work best as singles. There are 2 bathrooms in total, one on ground floor and the other on the 2nd floor, ensuring plenty of facilities for all residents. The communal kitchen is a generous size and well equipped with all the necessary appliances for shared living.

While the property is in good working condition, there is scope for further improvement to raise the standard and increase rental returns. All required fire safety measures are in place, giving peace of mind for landlords. The house also benefits from a garden at the rear and a single parking space at the front.

Being sold with tenants in situ and fully furnished, this is a turnkey investment in a high-demand area of Ipswich, with room for future uplift.

The current gross net income per annum is £37,120 but if the tenancies were brought to market rate it should be closer to £42,000.

A legal pack has been prepared for this property ahead of the sale. The complete legal pack would need to be inspected before an offer would be considered.

Please get in touch if you have any questions regarding the property or would like to arrange a viewing