Rare triangular Ipswich house set for auction
PUBLISHED: 17:49 20 November 2019 | UPDATED: 17:49 20 November 2019
Previously home to a quirky art gallery this 'one of a kind' triangle building in the centre of Ipswich is set to go under the hammer.
Being triangular in shape this end of terrace property offers a wealth of opportunities for an imaginative property entrepreneur - with the possibility of converting it into two studio-style flats, subject to planning permission.
Situated in Grimwade Street, just a short walk away from the university, the one bedroom end of terrace house is set to be sold for £60,000 to £80,000 at auction next month.
In recent years it has been let as a quirky art gallery on the ground floor, with independent self contained living accommodation on the first floor.
There may be an opportunity to combine both areas into one space, but a spokesman for Goldings, who is marketing the property, says a higher yield may be possible through letting it as two units.
He said: "It would be relatively easy to convert it into a one terrace property, but any changes to the front of the home would be subject to planning permission.
"Personally I would convert it into two separate studio flats as potential investors may want to rent them out, due to their ideal location near to the university."
He also added that this is an extremely rare find.
"I've been in this industry around 40 years and I've never before come across a triangular property like this," he said.
The space is very small and would need a lot of work - but Goldings say that once completed the studio flats would be "let the day they go on the market".
The plot will be up for sale at Goldings Auction on Wednesday, December 4 at The Hangar, Milsoms Kesgrave.