2 Bed Flat, Single Let, Ipswich, IP2 8FE, £140,000

Barnard Square, Ipswich, IP2 8FE - 4 views - a year ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£108K - £322.5K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£150,194
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£795 - £4,000

Rent Estimate

£850

Running Costs/mo

£628

Cashflow/mo

£223

Cashflow/yr

£2,670

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £108K to £322.5K, average is £134.5K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£320K04/210.06 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£108K11/210.09 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£137.5K04/230.16 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£322.5K06/230.29 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.29 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.29 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.29 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.29 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£135K11/210.31 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£150K02/210.36 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.36 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.36 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.36 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£151.5K12/200.38 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£110K10/210.38 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£140K11/210.4 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£110K12/200.41 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.41 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£161K09/210.41 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£140K12/220.42 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.42 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125.5K05/210.43 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£138.5K10/220.43 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£133K09/220.43 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£130K10/220.44 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£120K04/210.44 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.44 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.44 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.44 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.44 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£120K01/230.45 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£130K02/230.45 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.45 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.45 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£135K04/230.46 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.46 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£114K01/230.47 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£125K06/210.47 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£153.5K12/220.48 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£147K10/220.48 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.48 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£123.5K04/210.5 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£115K08/210.52 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.53 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£190.5K09/210.55 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£137K12/210.69 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£127K09/210.7 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.7 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.7 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£130K11/220.72 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2

Local Rents

51 rents from £795/mo to £4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£98508/240.05 miStoke Quay, Ipswich2
£98509/240.05 miStoke Quay, Ipswich2
£1,00007/240.06 miStoke Quay, IP22
£95008/240.06 miStoke Quay, Ipswich, IP22
£90004/240.1 miAustin Street, Ipswich, Suffolk2
£90005/240.1 miAustin Street, Ipswich, Suffolk2
£90006/240.1 miAustin Street, Ipswich, Suffolk2
£80004/240.11 miStokebridge Maltings, Ipswich, IP22
£1,60004/240.12 miThe Winerack, Penthouse Apartment2
£92505/240.13 miStoke Street, IP2, Ipswich2
£1,60004/240.13 miKey Street, The Winerack Key Street, IP42
£85007/240.14 miThe Mill, College Street, Ipswich, Suffolk, IP42
£2,60005/240.14 mi-2
£1,25008/240.14 miThe Shamrock, Ipswich2
£1,10006/240.14 miKey Street, IPSWICH2
£1,30009/240.14 miKey Street, IPSWICH2
£1,45006/240.14 miWinerack Apartments, Key Street, Ipswich2
£95008/240.14 miCranfield Mill, College Street, Ipswich2
£1,00001/240.14 miKey Street, Ipswich2
£1,10005/240.14 miThe Winerack, Ipswich2
£1,15009/240.14 miThe Winerack, Key Street, Ipswich2
£1,00004/240.15 miFoundry The Mill, College Street, Ipswich2
£1,05004/240.15 miCollege Street, IPSWICH2
£1,20004/240.16 mi-2
£1,27501/250.16 mi-2
£1,12501/240.17 mi44 The Cambria, Regatta Quay, Key Street, Ipswich, Suffolk, IP42
£1,25007/240.17 miThe Cambria, Quay Street, Ipswich, IP42
£1,25007/240.17 miThe Cambria, Quay Street, Ipswich, IP42
£82508/240.17 miPauline Street, Ipswich, IP22
£89506/240.18 miThe Mill2
£4,00011/240.18 mi-2
£4,00011/240.18 mi-2
£1,00004/240.18 miThe Winerack, Key Street, Ipswich2
£1,20007/240.18 miThe Winerack, Key Street, Ipswich2
£1,00007/240.18 miThe Winerack, Key Street, Ipswich2
£1,15007/240.18 miThe Winerack, Key Street, Ipswich2
£1,09508/240.18 miThe Cambria, Key Street, Ipswich2
£1,05008/240.18 miThe Winerack, Key Street, Ipswich2
£90004/240.2 miHartley Street, Ipswich, Suffolk, IP22
£1,10004/240.22 mi-2
£79506/240.22 miShelley Street, Ipswich, IP22
£1,00001/240.22 miHartley Street, Ipswich2
£90004/240.27 miCroft Street, Ipswich, IP22
£2,69506/240.28 miLower Brook Street, Ipswich2
£1,10007/240.29 miMartin Road, Ipswich, IP22
£90004/240.29 miSt. Peters Street, Ipswich, IP12
£1,15001/240.29 miNeptune Square, Ipswich, IP42
£1,20007/240.29 miNeptune Square, Ipswich, IP42
£95008/240.29 miNeptune Square, Ipswich, IP42
£95007/240.29 miBruff Road, Ipswich, Suffolk, IP22
£1,32504/240.29 miNeptune Square, Ipswich2

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

0.66 miles away

Nearest school

0.40 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £140,000

March 30, 2024

Floor Plans

Description

  • SITUATED WITHIN THE VIBRANT IPSWICH WATERFRONT AREA +
  • SECURE ALLOCATED PARKING +
  • RECENTLY REFURBISHED THROUGHOUT +
  • WALKING DISTANCE OF IPSWICH TRAIN STATION +
  • TWO DOUBLE BEDROOMS, BOTH WITH JULIET BALCONIES +
  • LARGE BALCONY WITH VIEWS DOWN THE RIVER ORWELL +

SUMMARY
A spacious and contemporary fifth floor apartment, recently refurbished throughout, set within the county town of Ipswich. Within a short walk of both Ipswich Train Station, providing mainline links to London Liverpool Street and the vibrant waterfront area offering an array of bars and restaurants.

DESCRIPTION
A spacious and contemporary fifth floor apartment, recently refurbished throughout, set within the county town of Ipswich. Within a short walk of both Ipswich Train Station, providing mainline links to London Liverpool Street and the vibrant waterfront area offering an array of bars and restaurants.

Internally, the property has been fully refurbished throughout by the current vendors and offers spacious living accommodation with the open plan kitchen, living and dining area. There are two double bedrooms with juliet balconies, and a contemporary three piece bathroom. The balcony is accessed via the living area, and offers panoramic views of the Ipswich skyline and down the River Orwell. The apartment also boasts secure, allocated parking and communal gardens.

Located on the vibrant and highly desired Ipswich waterfront, this property is an ideal first time or investment purchase and is situated close to a range of range of amenities including restaurants and bars, supermarkets, and shopping and banking facilities in Ipswich town centre. Ipswich train station is 0.7 miles away, and offers mainline railway links to London Liverpool Street, and the University of Suffolk is situated a short walk away, through the scenic Ipswich Marina.

Entrance Hall  
Wood effect flooring and radiator.

Open Plan Kitchen/Living Space 28' max x 11' 6" max ( 8.53m max x 3.51m max )
Integrated washing machine, integrated dishwasher machine, electric hob and oven, spotlighting, shelving, wood effect flooring, matching wall and base units, hand wash basin with mixer tap and drainer and splash back tiling.

Balcony  
Wooden flooring and reaching views of the Ipswich skyline and the river Orwell.

Bathroom  
Panel bath with shower over, tiled flooring, low level w/c, radiator, pedestal hand wash basin and spot lighting.

Walk In Cupboard  
Wood effect flooring, housing boiler

Bedroom One  16' 8" max x 9' 2" max ( 5.08m max x 2.79m max )
Wood effect flooring, double glazed window, Juliet balcony and radiator.

Bedroom Two  13' x 8' 11" ( 3.96m x 2.72m )
Double glazed door with Juliet balcony, wood effect flooring and radiator.

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: 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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