2 Bed Flat, Single Let, Ipswich, IP4 1NF, £140,000

99-101 Penshurst Rd, Ipswich, Suffolk, IP3 8QB - 3 views - a year ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+8 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£148,405
BMV6%

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

£492 - £3,600

Rent Estimate

£750

Running Costs/mo

£608

Cashflow/mo

£143

Cashflow/yr

£1,710

ROI

4%

Gross Yield

6%

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.

PriceDateDistanceAddressBeds 
£115K08/210.18 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.19 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£322.5K06/230.21 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.21 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.21 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.21 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.21 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£133K09/220.28 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.3 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.3 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.3 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.3 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.3 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£151.5K12/200.31 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£135K04/230.31 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.31 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£130K02/230.33 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.33 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.33 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£125.5K05/210.33 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.33 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.33 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£135K03/230.34 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£138.5K10/220.34 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£125K06/210.35 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£142K02/230.35 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£140K11/210.35 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£114K01/230.36 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£130K10/220.36 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£147K10/220.4 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.4 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£146.5K01/230.43 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.43 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£320K04/210.44 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£130K04/210.47 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.47 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.47 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.47 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.47 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£125K04/230.48 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.48 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.48 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£161K09/210.51 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£145K07/210.52 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£108K11/210.54 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£150K02/210.56 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.56 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.56 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.56 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£137.5K04/230.62 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2

Local Rents

51 rents from £492/mo to £3.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,00004/240 miRope Walk, Ipswich2
£1,00004/240.01 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£77508/240.09 miSt. Helens Street, Ipswich2
£75008/240.09 miSt. Helens Street, Ipswich2
£80005/240.09 miGrimwade Street, Ipswich2
£90007/240.11 miSt Helens Street, Ipswich2
£87504/240.11 miSt Helens Street, Ipswich2
£87508/240.12 miStar Lane, Ipswich, Suffolk, UK, IP42
£75005/240.12 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.12 miStar Lane, Ipswich, Suffolk, IP42
£95007/240.15 miBond Street, IPSWICH2
£85009/240.16 miOxford Road, IPSWICH2
£80001/240.17 miFore Street, Ipswich, Suffolk, IP42
£80004/240.2 miWoodbridge Road, Ipswich, Suffolk, IP42
£1,20001/240.21 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.21 miNeptune Square, Ipswich2
£1,20007/240.21 miNeptune Square, Ipswich, IP42
£1,25008/240.21 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.21 miNeptune Square, Ipswich, Suffolk, IP42
£82501/240.21 miFore Hamlet, Ipswich2
£1,15001/240.21 miNeptune Square, Ipswich, IP42
£1,20007/240.21 miNeptune Square, Ipswich, IP42
£95008/240.21 miNeptune Square, Ipswich, IP42
£97505/240.22 miFoundation Street, Ipswich2
£95001/240.22 miLower Orwell Street, Ipswich, IP42
£52706/240.23 mi-2
£89504/240.24 miFoundation Street, Ipswich, IP42
£89504/240.24 miFoundation Street, Ipswich, IP42
£1,05008/240.24 miFoundation Street, IPSWICH2
£53210/240.24 mi-2
£80012/240.24 miFore Hamlet, Ipswich2
£1,20010/240.25 mi-2
£1,20010/240.25 mi-2
£97505/240.25 miCoprolite Street, Ipswich2
£1,05005/240.25 miCoprolite Street, Ipswich2
£1,10004/240.25 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£99504/240.25 miNeptune Marina, Ipswich, IP32
£97506/240.26 miCemetery Road, Ipswich, IP42
£49204/240.26 mi-2
£3,60005/240.27 mi-2
£3,60010/240.27 mi-2
£89504/240.27 miHervey Street, Ipswich2
£87504/240.27 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£87507/240.27 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£85001/240.28 miPownall Road, Ipswich, Suffolk, IP32
£1,10009/240.28 mi-2
£82507/240.29 miFlat 705, Carr Street, Ipswich2
£1,10006/240.29 miNottidge Road, Ipswich2
£89512/240.29 mi-2
£95012/240.3 mi-2
£92508/240.3 miNottidge Road, Ipswich, Suffolk, IP42

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £140,000

September 26, 2024

Listed for £150,000

April 22, 2024

Floor Plans

Description

  • SECURITY DOOR ENTRY SYSTEM +
  • SECURE PARKING +
  • EXCELLENT ROOM SIZES +
  • TWO ENSUITES AND ADDITIONAL CLOAKROOM +
  • LOUNGE/DINING/KITCHEN AREA +
  • CONVENIENT LOCATION +
  • VIEWING HIGHLY ADVISED!!! +

An excellent opportunity for a FIRST TIME BUYER or BUY TO LET INVESTOR to purchase this extremely light and spacious first floor apartment located in CENTRAL IPSWICH with two LIFT FACILITIES and ALLOCATED SECURE UNDERGROUND PARKING SPACES. The accommodation offers main open plan living and kitchen area offers a light southerly aspect. Transport links are excellent with Ipswich Railway Station less than a 10-minute walk (Valuer's Opinion). Ipswich Water front boasts a variety of bars and restaurants such as Isaac's and Pizza Express. There is also Dance East, 24-hour Gym and Suffolk University

Agent Details

Marks & Mann Estate Agents Ltd, Covering Suffolk

01473 938325

Next Steps?

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