31 & 31A Mornington Avenue, Ipswich, Suffolk, IP1 4LA
By Goldings
£ 150,000
Reviews
3 out of 5 stars
Goldings says ..
For sale by auction on Wednesday 15 May 2024 at Live Broadcast Auction Freehold tenanted investment with strong yield... 2x 1-bed self contained flats
Property Oracle says ..
This property, located at 31 & 31A Mornington Avenue in Ipswich, Suffolk, is presented as a freehold tenanted investment property. The listing describes it as consisting of two 1-bedroom self-contained flats. From the provided photographs, the property appears to be a semi-detached house. The exterior shows a relatively typical style for the area, while the interior images reveal a need for some updating and modernisation. Some rooms are in better condition than others, with varying levels of decoration. The kitchen and bathrooms in particular appear to be somewhat dated but functional, requiring improvements to enhance the aesthetic appeal. The garden offers a nice outdoor space, adding value. The provided data on nearby properties and average prices is insufficient to give an accurate pricing assessment because square footage data is unavailable for the property itself and the comparables. The property’s proximity to schools and transport links is a positive aspect for its location, but the overall desirability is somewhat affected by the condition of the interior. A full survey and viewing would be crucial before concluding if the property represents a strong investment opportunity, considering it is being sold as a tenanted investment property.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 6
- Bedrooms
- 3
- Bathrooms
- 2
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Metrics Year-on-Year
- Average area value
- 275,000.00 £Decreased by 9.87 %
- Average area rental value
- 1,300.00 £/moIncreased by 27.45 %
- Est rental Yield
- 5.67 %Increased by 41.40 %
- Crime Rate
- 1.00 %Unchanged by 0.00 %
Agent Activity
Goldings created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Springfield Junior School | Academy Converter | 0.44 KM | |
| Springfield Infant School And Nursery | Academy Converter | Good | 0.66 KM |
| Highfield Nursery School | Local Authority Nursery School | Outstanding | 0.68 KM |
| Highfield Children'S Centre | Children's Centre | 0.74 KM | |
| Wellington Children'S Centre | Children's Centre | 0.77 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Sherrington Road | £ 0 | 0 | 0.00 KM |
| Wesley Way | £ 195,000 | 0 | 0.00 KM |
| Thetford Road | £ 0 | 0 | 0.00 KM |
| Norwich Road | £ 0 | 0 | 0.00 KM |
| Providence Lane | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Ipswich | 7217 | IPS | 2.43 KM |
| Westerfield | 7226 | WFI | 3.56 KM |
| Derby Road (Ipswich) | 7212 | DBR | 5.67 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Mornington Avenue, Ipswich | £ 285,000 | BUY | 7 / 10 | 0.02 KM |
| Mornington Avenue, Ipswich | £ 300,000 | BUY | 7 / 10 | 0.02 KM |
| Mornington Avenue, Ipswich | £ 230,000 | BUY | Unknown | 0.03 KM |
| Mornington Avenue, Ipswich, IP1 | £ 280,000 | BUY | Unknown | 0.04 KM |
| Mornington Avenue, Ipswich, IP1 | £ 285,000 | BUY | Unknown | 0.05 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 9 Mornington Avenue | £ 150,000 | 0.02 KM |
| 45 Mornington Avenue | £ 244,000 | 0.02 KM |
| 2 Mornington Avenue | £ 226,000 | 0.02 KM |
| 63 Mornington Avenue | £ 250,000 | 0.02 KM |
| 28 Mornington Avenue | £ 74,250 | 0.02 KM |