Back to list of properties
72 Wallace Road, Ipswich, Suffolk, IP1 5BZ
Guide Price* : £325,000
Freehold HMO Investment Opportunity
- End of Terrace Two Storey Building
- 1,205 Sq Ft (112 Sq M)
- Fully Licensed HMO (House in Multiple Occupation)
- Vacant Possession
- Five Double Letting Rooms
Description
The property comprises an end terrace two storey residential dwelling previously operating as a fully licensed HMO. The accommodation on the ground floor providing a large communal lounge area, kitchen, conservatory and three large double bedrooms.
On the first floor, the accommodation provides two further double bedrooms, two communal bathrooms and two storage rooms. We understand that the internal accommodation extends to circa 1,205 sq ft (112 sq m).
To the rear of the property there is a large private garden. The property also benefits from one, off street, parking space, facing Wallace Road.
Location
The property is located on Wallace Road, a predominantly residential area approximately 1 mile north west of Ipswich Town Centre. Wallace Road provides access to the B1067 to the south, which is an arterial route into Ipswich town centre. Local amenities are situated along this road, including small supermarkets, independent retailers, primary and secondary schools, and pubs/restaurants.
Ipswich town centre has all major amenities including Sailmakers Shopping Centre, Ipswich train station is approximately 2.6 miles southeast of the property, with regular services to London Liverpool Station, with a journey time of approximately an hour.
Tenure
Freehold
Tenancy
The property was previously let to YMCA Trinity Group, producing a rent of £33,384.00 per annum. The property is now offered with Vacant Possession.
VAT
Refer to the legal documentation
Contact
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Loading the bidding panel...
The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Office Contact
Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton March 2025
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.