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

Pooleys Yard, Ipswich, Suffolk, IP2 0AR - a year ago

Leasehold
BTL
ROI: 9%
~58 m²

ValuationUndervalued

Sold Prices£55K - £322.5K
Sold Prices/m²£1.7K/m² - £4.3K/m²

 

 

Square Metres

~58 m²
Price/m²£2.2K/m²

Value Estimate

£132,312
BMV6%

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
£137.5K10/220.2 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£190.5K09/210.2 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£137.5K12/220.2 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£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
£139K11/220.22 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£123.5K10/200.23 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.23 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£150K10/220.23 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£150K02/210.38 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.38 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.38 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.38 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
£137.5K04/230.43 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£161K09/210.47 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
£120K10/200.56 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£135K11/210.56 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
£320K04/210.62 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
£115K04/210.84 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.84 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2

Local Rents

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

RentDateDistanceAddressBeds 
£92504/240.01 miPooleys Yard, Ipswich, Suffolk, IP22
£1,00007/240.01 miPooleys Yard, Centrums Court, IP22
£97501/250.02 mi-2
£90005/240.11 miGippeswyk Road, Ipswich2
£90005/240.14 miGippeswyk Avenue, Ipswich2
£92503/240.15 mi-2
£92511/240.15 mi-2
£1,10001/240.16 miWentworth House, Burrell Road2
£1,25001/240.16 miWentworth House, Ipswich2
£80005/240.18 miBurrell Road, Ipswich, IP22
£1,10008/240.18 miRanelagh Road, Ipswich2
£90005/240.19 miGippeswyk Road, Ipswich2
£95007/240.2 miReavall Place, Ipswich2
£95007/240.2 miReavall Place, Ipswich2
£88507/240.2 miHolman Court, Ipswich2
£88508/240.2 miHolman Court, Ipswich2
£1,15004/240.2 miPortman Road, Ipswich, Suffolk, IP12
£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
£86504/240.23 miCompair Crescent, Ipswich2
£98512/240.23 mi-2
£98512/240.23 mi-2
£90007/240.23 miCompair Crescent, Ipswich, IP22
£89505/240.23 miGaskell Place, Ipswich2
£87508/240.23 miGaskell Place, IPSWICH2
£1,15004/250.25 mi-2
£90007/240.27 miBroomwade Close, Ipswich2
£1,10008/240.32 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
£89505/240.39 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
£92505/240.43 miStoke Street, IP2, Ipswich2
£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
£69504/240.44 miPrinces Street, Ipswich, IP12

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

1.10 miles away

Nearest school

0.50 miles away

Nearest train station

0.06 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 6, 2024

Listed for £130,000

December 7, 2023

Floor Plans

Description

  • No onward chain +
  • Two bedroom apartment +
  • Panoramic views over Ipswich +
  • Open-plan living +
  • Balcony +
  • Alocated parking space +

Offered with no onward chain is this two-bedroom third floor apartment with panoramic views over Ipswich. The property was built circa 2005 and benefits from open-plan living accommodation with balcony with river views, electric heating as well as one allocated parking space.

Centrums Court is accessed via a secure entry phone system which leads into the communal entrance hall with access to all floors.

The apartment comprises an entrance hall with double doors to the sitting/dining room with patio doors opening onto a balcony. The open-plan kitchen area has a range of base and eye-level units, work tops, sink, built-in hob with oven under and extractor fan over, built-in fridge/freezer, dishwasher and washing machine. The master bedroom has a window to side, built-in wardrobes with sliding mirror doors. Bedroom two has a window to side and the family bathroom has comprises a bath with shower attachment, basin and WC.

Location

The property is situated within easy walking distance of Ipswich mainline railway station with its regular service to London Liverpool Street. The town centre and the Waterfront are also located within reasonable proximity. There is also easy access to the A12/A14.

Directions

Please use a Sat Nav with the postcode IP2 0AR. For further directions please contact a member of our sales team on .

Important Information

Council Tax Band - C
Services - Mains water, drainage and electricity are connected.
Tenure - Leasehold
EPC rating - C
Lease information
Length of lease - 125 years from 2005
Service charge £2,303 per annum
Ground rent £300 per annum
Subject to confirmation from the management company and these charges are for the current year and maybe subject to change.

Agents note
Any intending viewers or purchasers are advised of the following: An EWS1 form ( External Wall Survey) may be recommended for certain apartment buildings dependant on issues such as the height of the structure. the positioning of balconies and composition of any external cladding. Fenn Wright have not undertaken any such assessment in respect of this particular property and this note has been added to all flats being offered for sale throughout our business as appropriate general guidance .We recommend that potential purchasers seek advice from their solicitor and an independent Chartered Surveyor before committing to a purchase.

Agent Details

Fenn Wright, Ipswich

01473 943943

Next Steps?

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