2 Bed Flat, Single Let, Ipswich, IP2 0AR, £130,000

Centrum Court, Pooleys Yard, IP2 0AR - 3 views - 2 years ago

Leasehold

BTL

ROI: 7%

~68 m²

+5 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£1.9K/m²
Value Estimate	£148,067£148,067
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,500£32,500
Stamp Duty & Legal Fees	£5,100£5,100
Total Cash In	£37,600£37,600

Cash Out
Rent Range	£695 - £2,000£695 - £2,000
Rent Estimate	£819
Running Costs/mo	£590£590
Cashflow/mo	£229£229
Cashflow/yr	£2,747£2,747
ROI	7%7%
Gross Yield	8%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£137K	12/21	0.13 mi	70, Compair Crescent, Ipswich, Suffolk IP2 0EH	£2,175	63	2	Flat
£127K	09/21	0.14 mi	4, Compair Crescent, Ipswich, Suffolk IP2 0EH	-	-	2	Flat
£135K	02/23	0.14 mi	58, Compair Crescent, Ipswich, Suffolk IP2 0EH	-	-	2	Flat
£140K	03/23	0.14 mi	68, Compair Crescent, Ipswich, Suffolk IP2 0EH	£1,944	72	2	Flat
£130K	11/22	0.17 mi	62, Compair Crescent, Ipswich, Suffolk IP2 0EH	-	-	2	Flat
£121K	05/21	0.18 mi	50, Holman Court, Ipswich, Suffolk IP2 0ES	£2,051	59	2	Flat
£137.5K	10/22	0.19 mi	42, Holman Court, Ipswich, Suffolk IP2 0ES	£2,304	60	2	Flat
£137.5K	12/22	0.2 mi	54, Holman Court, Ipswich, Suffolk IP2 0ES	£2,218	62	2	Flat
£190.5K	09/21	0.2 mi	Flat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ	-	-	2	Flat
£121K	05/21	0.2 mi	50, Holman Court, Ipswich, Suffolk IP2 0ES	£2,051	59	2	Flat
£130K	05/21	0.2 mi	46, Holman Court, Ipswich, Suffolk IP2 0ES	£2,167	60	2	Flat
£132.5K	02/21	0.2 mi	6, Holman Court, Ipswich, Suffolk IP2 0ES	£2,137	62	2	Flat
£120K	02/23	0.2 mi	34, Holman Court, Ipswich, Suffolk IP2 0ES	-	-	2	Flat
£139K	11/22	0.21 mi	53, Reavell Place, Ipswich, Suffolk IP2 0ET	-	-	2	Flat
£123.5K	10/20	0.22 mi	117, Compair Crescent, Ipswich, Suffolk IP2 0EJ	£2,470	50	2	Flat
£110K	04/21	0.22 mi	101, Compair Crescent, Ipswich, Suffolk IP2 0EJ	£1,803	61	2	Flat
£150K	10/22	0.22 mi	95, Compair Crescent, Ipswich, Suffolk IP2 0EJ	-	-	2	Flat
£150K	02/21	0.39 mi	72, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,174	69	2	Flat
£162.5K	04/21	0.39 mi	58, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,500	65	2	Flat
£170K	06/21	0.39 mi	54, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,017	84	2	Flat
£122.5K	03/21	0.39 mi	92, Wolsey Street, Ipswich, Suffolk IP1 1AF	£1,801	68	2	Flat
£120K	01/23	0.39 mi	Flat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS	£2,256	53	2	Flat
£142K	05/23	0.42 mi	49, Cullingham Road, Ipswich, Suffolk IP1 2EG	£2,630	54	2	Flat
£137.5K	04/23	0.44 mi	31, Seymour Road, Ipswich, Suffolk IP2 8EN	£2,500	55	2	Flat
£161K	09/21	0.48 mi	15, St Nicholas Court, Ipswich, Suffolk IP1 1TG	£1,789	90	2	Flat
£108K	11/21	0.48 mi	88, Vernon Street, Ipswich, Suffolk IP2 8JB	£1,742	62	2	Flat
£123.5K	04/21	0.49 mi	32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX	-	-	2	Flat
£160K	05/23	0.55 mi	35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ	£2,667	60	2	Flat
£135K	11/21	0.57 mi	6, Bruff Road, Ipswich, Suffolk IP2 8GY	£2,318	58	2	Flat
£110K	12/20	0.58 mi	88, Bruff Road, Ipswich, Suffolk IP2 8GX	£1,964	56	2	Flat
£128K	12/22	0.58 mi	102, Bruff Road, Ipswich, Suffolk IP2 8GX	£2,281	56	2	Flat
£320K	04/21	0.63 mi	155, Stoke Quay, Ipswich, Suffolk IP2 8SN	£2,991	107	2	Flat
£110K	10/21	0.63 mi	25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ	-	-	2	Flat
£153.5K	12/22	0.65 mi	43, Bruff Road, Ipswich, Suffolk IP2 8GS	£2,952	52	2	Flat
£218K	11/20	0.68 mi	18, Kirkham Close, Ipswich, Suffolk IP2 9BD	£3,516	62	2	Flat
£110K	12/20	0.72 mi	184, Yeoman Close, Ipswich, Suffolk IP1 2QB	£1,803	61	2	Flat
£105K	11/21	0.73 mi	47, Bramford Road, Ipswich, Suffolk IP1 2LU	-	-	2	Flat
£120K	11/20	0.76 mi	134, Yeoman Close, Ipswich, Suffolk IP1 2QE	£2,667	45	2	Flat
£120K	11/20	0.76 mi	134, Yeoman Close, Ipswich, Suffolk IP1 2QE	£2,667	45	2	Flat
£115K	09/21	0.79 mi	42, Wellington Street, Ipswich, Suffolk IP1 2NZ	£1,797	64	2	Flat
£322.5K	06/23	0.81 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,300	75	2	Flat
£315K	07/23	0.81 mi	39, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,297	73	2	Flat
£290K	02/21	0.81 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,867	75	2	Flat
£167K	01/21	0.81 mi	10, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,199	52	2	Flat
£255K	06/21	0.81 mi	48, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,400	75	2	Flat
£167.5K	11/22	0.82 mi	Flat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP	£3,213	52	2	Flat
£115K	04/21	0.83 mi	40d, Pickwick Road, Ipswich, Suffolk IP2 0JP	-	-	2	Flat
£115K	04/21	0.83 mi	40d, Pickwick Road, Ipswich, Suffolk IP2 0JP	-	-	2	Flat
£64K	03/23	0.83 mi	Flat 510, The Spectrum, Dunlop Road, Ipswich, Suffolk IP2 0UJ	-	-	2	Flat
£115K	08/21	0.87 mi	18, Silk Street, Ipswich, Suffolk IP4 2PA	£1,716	67	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£925	04/24	0 mi	Pooleys Yard, Ipswich, Suffolk, IP2	2	Flat
£975	01/25	0.01 mi	-	2	Flat
£1,000	07/24	0.02 mi	Pooleys Yard, Centrums Court, IP2	2	Flat
£900	05/24	0.11 mi	Gippeswyk Road, Ipswich	2	Flat
£900	05/24	0.13 mi	Gippeswyk Avenue, Ipswich	2	Flat
£925	03/24	0.15 mi	-	2	Flat
£925	11/24	0.15 mi	-	2	Flat
£1,100	01/24	0.17 mi	Wentworth House, Burrell Road	2	Flat
£1,250	01/24	0.17 mi	Wentworth House, Ipswich	2	Flat
£1,100	08/24	0.18 mi	Ranelagh Road, Ipswich	2	Terraced House
£800	05/24	0.18 mi	Burrell Road, Ipswich, IP2	2	Flat
£900	05/24	0.19 mi	Gippeswyk Road, Ipswich	2	Flat
£950	07/24	0.19 mi	Reavall Place, Ipswich	2	Flat
£950	07/24	0.19 mi	Reavall Place, Ipswich	2	Flat
£885	07/24	0.19 mi	Holman Court, Ipswich	2	Flat
£885	08/24	0.19 mi	Holman Court, Ipswich	2	Flat
£950	07/24	0.2 mi	Reavell Place, Ipswich	2	Flat
£1,000	05/24	0.2 mi	Reavell Place, Ipswich	2	Flat
£950	07/24	0.2 mi	Reavell Place, Ipswich, Suffolk	2	Flat
£950	08/24	0.2 mi	Reavell Place, Ipswich, Suffolk	2	Flat
£1,000	08/24	0.2 mi	Reavell Place, IPSWICH	2	Flat
£1,150	04/24	0.2 mi	Portman Road, Ipswich, Suffolk, IP1	2	Flat
£865	04/24	0.22 mi	Compair Crescent, Ipswich	2	Flat
£985	12/24	0.22 mi	-	2	Flat
£985	12/24	0.22 mi	-	2	Flat
£900	07/24	0.22 mi	Compair Crescent, Ipswich, IP2	2	Flat
£895	05/24	0.23 mi	Gaskell Place, Ipswich	2	Flat
£875	08/24	0.23 mi	Gaskell Place, IPSWICH	2	Flat
£1,150	04/25	0.25 mi	-	2	Flat
£900	07/24	0.26 mi	Broomwade Close, Ipswich	2	Flat
£1,100	08/24	0.33 mi	Philip Road, IPSWICH	2	Terraced House
£2,000	03/25	0.37 mi	-	2	Flat
£1,100	07/24	0.39 mi	Martin Road, Ipswich, IP2	2	Terraced House
£825	01/24	0.39 mi	Belstead Avenue, Ipswich, Suffolk, IP2	2	Flat
£895	05/24	0.4 mi	Wolsey Street, Ipswich	2	Flat
£875	04/24	0.4 mi	Wolsey Street, Ipaxis	2	Flat
£985	05/24	0.4 mi	Wolsey Street, Ipswich	2	Flat
£850	02/25	0.41 mi	-	2	Flat
£875	06/24	0.42 mi	Cullingham Road, Ipswich, IP1	2	Terraced House
£1,840	04/24	0.43 mi	-	2	Flat
£1,840	06/24	0.43 mi	-	2	Flat
£1,840	12/24	0.43 mi	-	2	Flat
£1,500	04/25	0.43 mi	-	2	Flat
£1,850	04/24	0.43 mi	-	2	Flat
£1,400	05/24	0.43 mi	-	2	Flat
£1,550	09/24	0.43 mi	-	2	Flat
£1,400	11/24	0.43 mi	-	2	Flat
£1,400	03/25	0.43 mi	-	2	Flat
£1,550	01/25	0.43 mi	-	2	Flat
£925	05/24	0.44 mi	Stoke Street, IP2, Ipswich	2	Terraced House
£695	04/24	0.44 mi	Princes Street, Ipswich, IP1	2	Flat

Local Area Statistics

Population in IP2	30,99730,997
Population in Ipswich	219,393219,393
Town centre distance	1.11 miles away1.11 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	0.07 miles away0.07 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-1%-1%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £130,000

June 12, 2023

Floor Plans

Description

River Views +
2 Bedrooms +
Close to station. +
Walk to town centre +
No Onward Chain +
Lift. +
Secure Parking +

COMMUNAL HALL Lift and stairs

ENTRANCE HALL Electric Heater,. Entry Phone. Airing cupboard housing hot water system.
Doors to

LIVIVING/DINING 21' x 14' 3" (6.4m x 4.34m) max Two electric heaters. Double glazed sliding patio doors to balcony over looking river.
Opens to fitted kitchen area with electric hob, oven under and extractor above, integrated fridge/freezer, plumbing for washing machine, double glazed window to rear.

BEDROOM 1 10' 5" x 11' (3.18m x 3.35m) Double glazed window to front, electric heater, built in mirrored wardrobes.

BEDROOM 2 10' 2" x 9' (3.1m x 2.74m) Double glazed window to side. Electric heater.

BATHROOM 6' 10" x 5' 6" (2.08m x 1.68m) Three piece suite comprising panelled bath with integrated shower over, low level flush w.c, pedestal wash hand basin, extractor fan and light with shaver pint.

SECURE BASEMENT PARKING

COMMUNAL GARDEN

Agent Details

Martin & Co, Ipswich

01473 943877

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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