A timber framed detached bungalow subject to a Regulated Tenancy

Situated along a private cul-de-sac in this highly desirable village is this detached timber framed bungalow with attractive gardens. Waldringfield is on the banks of the River Deben in an Area of Outstanding Beauty and some 5 miles from the historic market town of Woodbridge with the centre of Ipswich some 9 miles distant. The property is being sold subject to a Regulated (lifetime) Tenancy with the current occupiers having been in residence for several decades. The current Rent Officer controlled rent is £540 per month (£6480 per annum) with a review due in October 2020. The property was subject to a significant programme of improvements in 2019 including a new roof and windows, heating system, insulation, rewiring and represents a solid investment opportunity. In the longer term with vacant possession there may be opportunity to demolish and construct a new dwelling of traditional construction, indicative drawings are available within the online Legal Pack.

Tenure

Freehold

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Suffolk Coastal District Council

Solicitors

Hayward Moon, Connexions, 159 Princes Street, Ipswich, IP1 1QJ, Ref: Mark Hayward, Tel: 01473 234734

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £954 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.