2 Bed Flat, Single Let, Ipswich, IP2 0AR, £125,000

Pooleys Yard, IPSWICH, IP2 0AR - 2 years ago

Leasehold
BTL
ROI: 8%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£64K - £322.5K
Sold Prices/m²£1.7K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£154,520
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£695 - £2,000

Rent Estimate

£838

Running Costs/mo

£578

Cashflow/mo

£260

Cashflow/yr

£3,117

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £64K to £322.5K, average is £133.8K. £1.7K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£137K12/210.13 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£127K09/210.14 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.14 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.14 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£130K11/220.17 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£121K05/210.18 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K10/220.19 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K12/220.2 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£190.5K09/210.2 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£121K05/210.2 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K05/210.2 mi46, Holman Court, Ipswich, Suffolk IP2 0ES2
£132.5K02/210.2 mi6, Holman Court, Ipswich, Suffolk IP2 0ES2
£120K02/230.2 mi34, Holman Court, Ipswich, Suffolk IP2 0ES2
£139K11/220.21 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£123.5K10/200.22 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.22 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£150K10/220.22 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£150K02/210.39 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.39 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.39 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.39 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£120K01/230.39 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£142K05/230.42 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£137.5K04/230.44 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£161K09/210.48 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£108K11/210.48 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£123.5K04/210.49 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£160K05/230.55 mi35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ2
£135K11/210.57 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K12/200.58 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.58 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£320K04/210.63 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£110K10/210.63 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£153.5K12/220.65 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£218K11/200.68 mi18, Kirkham Close, Ipswich, Suffolk IP2 9BD2
£110K12/200.72 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£105K11/210.73 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£120K11/200.76 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.76 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£115K09/210.79 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£322.5K06/230.81 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.81 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.81 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.81 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.81 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167.5K11/220.82 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£115K04/210.83 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.83 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£64K03/230.83 miFlat 510, The Spectrum, Dunlop Road, Ipswich, Suffolk IP2 0UJ2
£115K08/210.87 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2

Local Rents

51 rents from £695/mo to £2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£92504/240 miPooleys Yard, Ipswich, Suffolk, IP22
£97501/250.01 mi-2
£1,00007/240.02 miPooleys Yard, Centrums Court, IP22
£90005/240.11 miGippeswyk Road, Ipswich2
£90005/240.13 miGippeswyk Avenue, Ipswich2
£92503/240.15 mi-2
£92511/240.15 mi-2
£1,10001/240.17 miWentworth House, Burrell Road2
£1,25001/240.17 miWentworth House, Ipswich2
£1,10008/240.18 miRanelagh Road, Ipswich2
£80005/240.18 miBurrell Road, Ipswich, IP22
£90005/240.19 miGippeswyk Road, Ipswich2
£95007/240.19 miReavall Place, Ipswich2
£95007/240.19 miReavall Place, Ipswich2
£88507/240.19 miHolman Court, Ipswich2
£88508/240.19 miHolman Court, Ipswich2
£95007/240.2 miReavell Place, Ipswich2
£1,00005/240.2 miReavell Place, Ipswich2
£95007/240.2 miReavell Place, Ipswich, Suffolk2
£95008/240.2 miReavell Place, Ipswich, Suffolk2
£1,00008/240.2 miReavell Place, IPSWICH2
£1,15004/240.2 miPortman Road, Ipswich, Suffolk, IP12
£86504/240.22 miCompair Crescent, Ipswich2
£98512/240.22 mi-2
£98512/240.22 mi-2
£90007/240.22 miCompair Crescent, Ipswich, IP22
£89505/240.23 miGaskell Place, Ipswich2
£87508/240.23 miGaskell Place, IPSWICH2
£1,15004/250.25 mi-2
£90007/240.26 miBroomwade Close, Ipswich2
£1,10008/240.33 miPhilip Road, IPSWICH2
£2,00003/250.37 mi-2
£1,10007/240.39 miMartin Road, Ipswich, IP22
£82501/240.39 miBelstead Avenue, Ipswich, Suffolk, IP22
£89505/240.4 miWolsey Street, Ipswich2
£87504/240.4 miWolsey Street, Ipaxis2
£98505/240.4 miWolsey Street, Ipswich2
£85002/250.41 mi-2
£87506/240.42 miCullingham Road, Ipswich, IP12
£1,84004/240.43 mi-2
£1,84006/240.43 mi-2
£1,84012/240.43 mi-2
£1,50004/250.43 mi-2
£1,85004/240.43 mi-2
£1,40005/240.43 mi-2
£1,55009/240.43 mi-2
£1,40011/240.43 mi-2
£1,40003/250.43 mi-2
£1,55001/250.43 mi-2
£92505/240.44 miStoke Street, IP2, Ipswich2
£69504/240.44 miPrinces Street, Ipswich, IP12

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

1.11 miles away

Nearest school

0.50 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £125,000

December 4, 2024

Listed for £130,000

June 9, 2023

Floor Plans

Description

  • Two good sized bedrooms, one with built in wardrobe +
  • Open plan kitchen/diner/lounge +
  • Balcony with direct river views +
  • No onward chain +
  • Underground secure parking +
  • Popular town centre location +
  • 2 minute walk to the train station +

SUMMARY
This two bedroom flat is situated in the Town Centre and benefits from two good sized bedrooms, open plan kitchen/diner/lounge, a balcony with direct river views, underground secure parking and NO ONWARD CHAIN!!

DESCRIPTION
.

Entrance Hall 21' 4" x 5' 1" ( 6.50m x 1.55m )
Carpet flooring , one electric radiator, airing cupboard and entry phone system.

Kitchen/lounge/diner 23' x 14' 3" max ( 7.01m x 4.34m max )
Double glazed window to the side, sliding door leading to the balcony with direct river views, a range of eye and base level units in wood with marble effect worktop surfaces, a stainless steel one and a half bowl sink plus drainer and chrome mixer tap, tiled splashback, integrated oven with extractor hood, integrated fridge/freezer and dishwasher, space for a washing machine, spot lights, one electric radiator and a TV point.

Master Bedroom 10' 9" x 10' 3" ( 3.28m x 3.12m )
Double glazed window to the side, one electric radiator, carpet flooring and a built in sliding mirrored wardrobe.

Bedroom Two 10' 2" x 9' 6" ( 3.10m x 2.90m )
Double glazed window to the side, one electric radiator and carpet flooring.

Bathroom 
Low level WC, pedestal wash hand basin, bath with overhead shower and glass screen, tiled splashback, white heated towel rail, wood effect flooring, extractor fan and spot lights.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Ipswich

01473 943298

Next Steps?

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