31 & 31A Mornington Avenue, Ipswich, Suffolk, IP1 4LA
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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

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
337,647.00 £
Increased by 13.91 %
from 296,421.00 £
Average area rental value
1,363.00 £/mo
Increased by 8.17 %
from 1,260.00 £/mo
Est rental Yield
4.84 %
Decreased by 5.10 %
from 5.10 %
Crime Rate
1.00 %
Unchanged by 0.00 %
from 1.00 %

Agent Activity

  • Goldings created the listing.

Nearby Schools

NameTypeOfstedDistance
Springfield Junior SchoolAcademy Converter0.44 KM
Springfield Infant School And NurseryAcademy ConverterGood0.66 KM
Highfield Nursery SchoolLocal Authority Nursery SchoolOutstanding0.68 KM
Highfield Children'S CentreChildren's Centre0.74 KM
Wellington Children'S CentreChildren's Centre0.77 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Wesley Way £ 195,00000.00 KM
Norwich Road £ 000.00 KM
Providence Lane £ 000.00 KM
Charlton Avenue £ 315,00000.00 KM
Redhill Close £ 265,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Ipswich7217IPS2.43 KM
Westerfield7226WFI3.56 KM
Derby Road (Ipswich)7212DBR5.67 KM

Nearby Listings

AddressPriceTypeScoreDistance
Mornington Avenue, Ipswich £ 200,000BUY6 / 100.02 KM
Mornington Avenue, Ipswich, IP1 £ 250,000BUY6 / 100.06 KM
Westholme Road, Ipswich £ 320,000BUY6 / 100.10 KM
Westholme Road, Ipswich £ 250,000BUYUnknown0.13 KM
Norwich Road, Ipswich, Suffolk, IP1 £ 300,000BUYUnknown0.15 KM

Nearby Properties

AddressPriceDistance
46 Mornington Avenue £ 230,0000.02 KM
22 Mornington Avenue £ 66,0000.02 KM
31 Mornington Avenue £ 174,0000.02 KM
34 Mornington Avenue £ 235,0000.02 KM
29 Mornington Avenue £ 200,0000.02 KM