2 Bed Flat, Cash/Bridging Only, Ipswich, IP4 1HD, £90,000

Carr Street, Ipswich, Suffolk, IP4 1HD - 1 views - a year ago

Leasehold

Cash

ROI: 5%

~72 m²

+2 photos

ValuationFair Value

Sold Prices	£107.5K - £322.5K
Sold Prices/m²	£1.5K/m² - £4.3K/m²

Square Metres	~72 m²
Price/m²	£1.3K/m²
Value Estimate	£91,800£91,800

End Value (After Refurb)	£173,170£173,170
Uplift in Value	+92%+92%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£22,500£22,500
Stamp Duty & Legal Fees	£5,700£5,700
Refurb Costs	£33,445£33,445
Bridging Loan Interest	£2,363£2,363
Total Cash In	£65,758£65,758

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£173,170£173,170
Agent Fees (1%)	£1,732£1,732
Bridging Loan	£67,500£67,500
Bridging Loan Interest	£2,363£2,363
Flip Profit	£38,180£38,180

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£115K	08/21	0.13 mi	18, Silk Street, Ipswich, Suffolk IP4 2PA	£1,716	67	2	Flat
£134K	10/22	0.13 mi	16, Silk Street, Ipswich, Suffolk IP4 2PA	£1,887	71	2	Flat
£161K	09/21	0.29 mi	15, St Nicholas Court, Ipswich, Suffolk IP1 1TG	£1,789	90	2	Flat
£135K	03/23	0.33 mi	125, Cemetery Road, Ipswich, Suffolk IP4 2HZ	-	-	2	Flat
£167.5K	11/22	0.36 mi	Flat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP	£3,213	52	2	Flat
£150K	02/21	0.37 mi	72, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,174	69	2	Flat
£162.5K	04/21	0.37 mi	58, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,500	65	2	Flat
£170K	06/21	0.37 mi	54, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,017	84	2	Flat
£122.5K	03/21	0.37 mi	92, Wolsey Street, Ipswich, Suffolk IP1 1AF	£1,801	68	2	Flat
£322.5K	06/23	0.39 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,300	75	2	Flat
£315K	07/23	0.39 mi	39, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,297	73	2	Flat
£290K	02/21	0.39 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,867	75	2	Flat
£167K	01/21	0.39 mi	10, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,199	52	2	Flat
£255K	06/21	0.39 mi	48, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,400	75	2	Flat
£146.5K	01/23	0.5 mi	7, Haslemere Drive, Ipswich, Suffolk IP4 2PP	£2,526	58	2	Flat
£134.5K	07/21	0.5 mi	1, Haslemere Drive, Ipswich, Suffolk IP4 2PP	£2,453	55	2	Flat
£320K	04/21	0.51 mi	155, Stoke Quay, Ipswich, Suffolk IP2 8SN	£2,991	107	2	Flat
£130K	04/21	0.52 mi	31, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,407	54	2	Flat
£138K	04/21	0.52 mi	23, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,379	58	2	Flat
£145K	08/21	0.52 mi	133, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,197	66	2	Flat
£148.5K	10/20	0.52 mi	113, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,184	68	2	Flat
£145K	06/21	0.52 mi	25, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,500	58	2	Flat
£108K	11/21	0.53 mi	88, Vernon Street, Ipswich, Suffolk IP2 8JB	£1,742	62	2	Flat
£133K	09/22	0.54 mi	93, Pownall Road, Ipswich, Suffolk IP3 0DA	£1,900	70	2	Flat
£151.5K	12/20	0.54 mi	53, Pownall Road, Ipswich, Suffolk IP3 0DN	£2,658	57	2	Flat
£120K	04/21	0.56 mi	56, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,034	59	2	Flat
£128K	07/21	0.56 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£130K	11/20	0.56 mi	48, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,321	56	2	Flat
£128K	07/21	0.56 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£135K	05/23	0.56 mi	46, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,252	60	2	Flat
£145K	07/21	0.57 mi	12, Meridian Rise, Ipswich, Suffolk IP4 2GA	£2,312	63	2	Flat
£135K	04/23	0.58 mi	58, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,824	74	2	Flat
£118K	06/21	0.58 mi	32, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,686	70	2	Flat
£125.5K	05/21	0.58 mi	42, Siloam Place, Ipswich, Suffolk IP3 0FB	£1,476	85	2	Flat
£140K	12/22	0.58 mi	32, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,373	59	2	Flat
£119K	10/20	0.58 mi	22, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,644	45	2	Flat
£130K	02/23	0.59 mi	21, Isham Place, Ipswich, Suffolk IP3 0DY	£2,319	56	2	Flat
£110K	06/21	0.59 mi	1, Isham Place, Ipswich, Suffolk IP3 0DY	£1,833	60	2	Flat
£134K	02/23	0.59 mi	5, Isham Place, Ipswich, Suffolk IP3 0DY	£2,627	51	2	Flat
£140K	11/21	0.59 mi	239, Duke Street, Ipswich, Suffolk IP3 0BX	-	-	2	Flat
£138.5K	10/22	0.59 mi	19, Hope Court, Ipswich, Suffolk IP3 0DW	£1,979	70	2	Flat
£137.5K	04/23	0.6 mi	31, Seymour Road, Ipswich, Suffolk IP2 8EN	£2,500	55	2	Flat
£125K	06/21	0.61 mi	6, Isham Place, Ipswich, Suffolk IP3 0DZ	£2,128	59	2	Flat
£130K	10/22	0.61 mi	36, Hope Court, Ipswich, Suffolk IP3 0DX	£1,605	81	2	Flat
£142K	02/23	0.61 mi	50, Finbars Walk, Ipswich, Suffolk IP4 1HY	£2,679	53	2	Flat
£114K	01/23	0.62 mi	59, Siloam Place, Ipswich, Suffolk IP3 0FD	£1,781	64	2	Flat
£125K	04/23	0.63 mi	24, Postmill Close, Ipswich, Suffolk IP4 2RF	£2,155	58	2	Flat
£120K	07/21	0.63 mi	42, Postmill Close, Ipswich, Suffolk IP4 2RF	£2,105	57	2	Flat
£107.5K	06/21	0.63 mi	30, Postmill Close, Ipswich, Suffolk IP4 2RF	£1,920	56	2	Flat
£147K	10/22	0.66 mi	106, Siloam Place, Ipswich, Suffolk IP3 0FF	£2,492	59	2	Flat

Local Rents

50 rents from £492/mo to £3.6K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£825	07/24	0 mi	Flat 705, Carr Street, Ipswich	2	Flat
£3,600	05/24	0.02 mi	-	2	Flat
£3,600	10/24	0.02 mi	-	2	Flat
£995	01/24	0.06 mi	Colman Gardens, 15 Great Colman Street, Ipswich, Suffolk, IP4	2	Flat
£900	06/24	0.06 mi	Great Colman Street, Colman Gardens, Ipswich, Suffolk, IP4	2	Flat
£995	04/24	0.1 mi	-	2	Flat
£1,100	04/24	0.12 mi	-	2	Flat
£800	08/24	0.12 mi	Town Centre Apartment, Ipswic	2	Flat
£825	07/24	0.12 mi	Town Centre Apartment, Ipswich	2	Flat
£825	08/24	0.12 mi	Tacket Street, Ipswich	2	Flat
£1,100	09/24	0.13 mi	-	2	Terraced House
£950	04/24	0.13 mi	Upper Brook Street, IPSWICH	2	Flat
£875	04/24	0.14 mi	Cobbold Street, Ipswich, Suffolk, IP4 2DN	2	Flat
£875	07/24	0.14 mi	Cobbold Street, Ipswich, Suffolk, IP4 2DN	2	Flat
£950	07/24	0.14 mi	Bond Street, IPSWICH	2	Semi-Detached House
£800	04/24	0.15 mi	Woodbridge Road, Ipswich, Suffolk, IP4	2	Flat
£895	04/24	0.17 mi	Hervey Street, Ipswich	2	Terraced House
£895	04/24	0.18 mi	Foundation Street, Ipswich, IP4	2	Flat
£895	04/24	0.18 mi	Foundation Street, Ipswich, IP4	2	Flat
£1,050	08/24	0.18 mi	Foundation Street, IPSWICH	2	Flat
£975	05/24	0.18 mi	Foundation Street, Ipswich	2	Flat
£875	04/24	0.19 mi	St Helens Street, Ipswich	2	Flat
£1,000	05/24	0.19 mi	Christchurch Street, Ipswich	2	Terraced House
£975	04/24	0.19 mi	Christchurch Street,Ipswich,IP4	2	Terraced House
£492	04/24	0.2 mi	-	2	Flat
£527	06/24	0.2 mi	-	2	Terraced House
£532	10/24	0.21 mi	-	2	Flat
£975	06/24	0.21 mi	Cemetery Road, Ipswich, IP4	2	Terraced House
£975	06/24	0.21 mi	Footmans, Lloyd Avenue	2	Flat
£750	08/24	0.22 mi	St. Helens Street, Ipswich	2	Flat
£775	08/24	0.22 mi	St. Helens Street, Ipswich	2	Flat
£950	01/24	0.22 mi	Lower Orwell Street, Ipswich, IP4	2	House
£850	05/24	0.23 mi	Heart of Town Centre	2	Flat
£750	04/24	0.23 mi	Christchurch Street, Ipswich	2	Flat
£2,695	06/24	0.23 mi	Lower Brook Street, Ipswich	2	Semi-Detached House
£700	04/24	0.24 mi	Withipoll Street, Ipswich, IP4	2	Flat
£950	12/23	0.25 mi	-	2	Flat
£995	10/24	0.25 mi	-	2	Terraced House
£875	08/24	0.26 mi	Star Lane, Ipswich, Suffolk, UK, IP4	2	Flat
£750	05/24	0.26 mi	Star Lane, Ipswich, Suffolk, IP4	2	Flat
£925	06/24	0.26 mi	Star Lane, Ipswich, Suffolk, IP4	2	Flat
£800	05/24	0.28 mi	Grimwade Street, Ipswich	2	Flat
£1,000	04/24	0.28 mi	St Edmund House, Rope Walk, Ipswich, Suffolk, IP4	2	Flat
£1,200	05/24	0.29 mi	Elm Street, Ipswich	2	Flat
£1,000	04/24	0.29 mi	Rope Walk, Ipswich	2	Flat
£875	02/25	0.29 mi	-	2	Flat
£1,100	04/24	0.3 mi	Arcade Street, Ipswich	2	Flat
£1,100	05/24	0.3 mi	Arcade Street, IPSWICH	2	Flat
£900	04/24	0.3 mi	St. Peters Street, Ipswich, IP1	2	Flat
£900	04/24	0.31 mi	Museum Street, 9 Museum Street, IP1	2	Flat

Local Area Statistics

Population in IP4	36,42936,429
Population in Ipswich	219,393219,393
Town centre distance	0.41 miles away0.41 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.74 miles away0.74 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+13%+13%

Property History

Price changed to £90,000

March 4, 2025

Listed for £110,000

December 7, 2023

Floor Plans

Description

TOWN CENTRE APARTMENT +
RESIDENTS PARKING +
PANARAMIC VIEWINGS OF IPSWICH TOWN +
WALKING DISTANCE TO TRAIN STATION +
IDEAL FIRST TIME PURHCASE / INVESTMENT +
CASH BUYERS +

* CASH BUYERS ONLY *

Situated within the town centre of Ipswich is this spacious two bedroom apartment which benefits from residents parking and being offered with NO ONWARD CHAIN.

The property boasts a spacious entrance hall with access to family bathroom offering a three piece suite, double master bedroom featuring a well presented en-suite and a further single bedroom. Continuing through the property you will find a generously sized living room overlooking Ipswich town centre with panoramic views. The apartment also offers a modern open plan kitchen with white goods fitted.

Further benefits include allocated parking space within residents car park, properties location being a short walk from Ipswich Train station and in the heart of Ipswich town with shops, pubs, restaurants & all local amenities nearby.

Internal viewing is highly recommended, to arrange or for more information please contact the SALES team at LEADERS IPSWICH.

Agent Details

Leaders Sales, Ipswich

01473 943818

Next Steps?

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

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