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

Pooleys Yard, Ipswich, IP2 0AR - 1 views - a year ago

Leasehold
BTL
ROI: 9%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£55K - £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

£875

Running Costs/mo

£586

Cashflow/mo

£289

Cashflow/yr

£3,473

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55K 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
£55K10/200.39 miFlat 17, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£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
£120K10/200.57 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£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

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

November 15, 2023

Floor Plans

Description

  • Two Bedrooms +
  • Lounge +
  • Kitchen +
  • Balcony +
  • River Views +
  • Secure Underground Parking +

SUMMARY
A Third Floor Two bedroom apartment located adjacent to the train station. The property further benefits from lounge, kitchen, bathroom, balcony, river views, secure underground allocated parking and upvc double glazed windows.

DESCRIPTION
Connells are pleased to bring to market this third floor apartment located adjacent to the train station with river views. The property comprises of two bedrooms, lounge, kitchen, bathroom, balcony, secure underground allocated parking and upvc double glazed windows.
As previously mentioned this property is well located for access to the train station which gives direct access to London Liverpool Street, Cambridge ,Norwich and many more destinations.
The town centre offers a wide range of shopping, eating and recreational facilities and also near by is the very popular waterfront marina which has a selection of many restaurants, cafes and bars.

Communal Entrance  
Accessed via secure communal entrance door with lift and stairs to:

Entrance Hall  
Access via entrance door, airing cupboard, electric panel radiator, smooth ceiling, security entrance phone and doors giving access to:

Lounge  15' 1" max x 14' 2" ( 4.60m max x 4.32m )
Upvc double glazed window to side, double glazed double doors giving access to the balcony and river views, smooth ceiling, two electric panel radiators and doors giving access to:

Kitchen 9' 1" x 7' ( 2.77m x 2.13m )
Upvc double glazed widow to rear giving a river view, space and plumbing for washing machine, built in oven, built in hob with stainless steel filter hood over, 1 1/2 bowl sink with mixer tap inset in a roll edge work surface with cupboards and drawers under and matching above, tiled splash backs, built in fridge, built in freezer and smooth ceiling with inset spotlighting.

Balcony 
Enclosed with seating area and river views.

Bedroom One 12' 6" int warbrodes x 11' 8" ( 3.81m int warbrodes x 3.56m )
Upvc double glazed window to front, range of fitted wardrobes, electric panel radiator and smooth ceiling.

Bedroom Two  10' 1" max x 9' max ( 3.07m max x 2.74m max )
Upvc double glazed window to side, electric panel radiator and smooth ceiling.

Family Bathroom 
Low level w/c, bath with mixer tap and independent shower over, heated towel rail, pedestal wash hand basin, wood effect flooring, smooth ceiling with inset spotlighting and extractor fan and part tiled walls.

Outside 
There is an allocated underground parking space, accessed via security gates and there is also a communal garden.

Lease details are currently being compiled. For 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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Ipswich

01473 943139

Next Steps?

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