2 Bed Terraced House, Single Let, Ipswich, IP4 2HT, £160,000

Finchley Road, Ipswich, Suffolk, IP4 2HT - 5 views - a year ago

BTL
ROI: 2%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£130K - £235K
Sold Prices/m²£1.7K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£185,995
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£700 - £3,600

Rent Estimate

£769

Running Costs/mo

£674

Cashflow/mo

£95

Cashflow/yr

£1,142

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £130K to £235K, average is £187.5K. £1.7K/m² to £4.5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£177.5K06/230.04 mi7, Finchley Road, Ipswich, Suffolk IP4 2HX2
£148K06/230.04 mi20, Finchley Road, Ipswich, Suffolk IP4 2HX2
£235K06/210.05 mi66, Lacey Street, Ipswich, Suffolk IP4 2PH2
£230K12/220.08 mi22, Hayhill Road, Ipswich, Suffolk IP4 2HP2
£190K04/210.09 mi12, Arthurs Terrace, Ipswich, Suffolk IP4 2NN2
£158K02/210.09 mi21, Norfolk Road, Ipswich, Suffolk IP4 2HB2
£170K11/200.09 mi36, Norfolk Road, Ipswich, Suffolk IP4 2HB2
£205K12/220.11 mi116, Lacey Street, Ipswich, Suffolk IP4 2PL2
£180K03/230.12 mi192, Woodbridge Road, Ipswich, Suffolk IP4 2PB2
£165K05/230.12 mi20, Hervey Street, Ipswich, Suffolk IP4 2ES2
£130K11/200.13 mi24, Cemetery Road, Ipswich, Suffolk IP4 2EP2
£170K07/210.13 mi71, Hervey Street, Ipswich, Suffolk IP4 2ET2
£198K10/210.13 mi95, Hervey Street, Ipswich, Suffolk IP4 2ET2
£189K01/210.13 mi156, Cemetery Road, Ipswich, Suffolk IP4 2HL2
£160K05/210.14 mi23, North Hill Road, Ipswich, Suffolk IP4 2PW2
£157K12/200.14 mi80, Suffolk Road, Ipswich, Suffolk IP4 2EZ2
£145K03/210.14 mi41, Suffolk Road, Ipswich, Suffolk IP4 2EZ2
£230K12/200.15 mi21, Palmerston Road, Ipswich, Suffolk IP4 2NU2
£160K03/210.18 mi70, Woodbridge Road, Ipswich, Suffolk IP4 2NG2
£228.5K09/210.18 mi38, Warwick Road, Ipswich, Suffolk IP4 2QE2
£140K04/230.19 mi24, Alexandra Road, Ipswich, Suffolk IP4 2RH2
£179K06/210.2 mi18, Lancaster Road, Ipswich, Suffolk IP4 2NY2
£170K02/210.2 mi53, Tuddenham Avenue, Ipswich, Suffolk IP4 2HF2
£225K06/210.21 mi122, Hervey Street, Ipswich, Suffolk IP4 2EU2
£168.5K01/210.23 mi13, Cobbold Street, Ipswich, Suffolk IP4 2DN2
£201K01/210.23 mi7, Nottidge Road, Ipswich, Suffolk IP4 2RJ2
£184K06/230.23 mi32, Nottidge Road, Ipswich, Suffolk IP4 2RJ2
£215K05/230.23 mi43, Nottidge Road, Ipswich, Suffolk IP4 2RJ2
£220K12/220.23 mi1, Nottidge Road, Ipswich, Suffolk IP4 2RJ2
£188K06/210.23 mi32, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£195K12/220.23 mi28, Nottidge Road, Ipswich, Suffolk IP4 2RJ2
£177K09/210.25 mi14, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£210K09/210.25 mi37, Alexandra Road, Ipswich, Suffolk IP4 2RL2
£211.8K06/230.26 mi62, Bolton Lane, Ipswich, Suffolk IP4 2BY2
£198K04/210.31 mi114, Tuddenham Avenue, Ipswich, Suffolk IP4 2HG2
£191.5K07/210.31 mi42, Spring Road, Ipswich, Suffolk IP4 2RS2
£200K12/220.39 mi25, Parade Road, Ipswich, Suffolk IP4 4BH2
£195K09/210.39 mi42, Parade Road, Ipswich, Suffolk IP4 4BH2
£164.5K02/210.39 mi6, Parade Road, Ipswich, Suffolk IP4 4BH2
£210K03/210.39 mi100, Spring Road, Ipswich, Suffolk IP4 2RR2
£207.5K06/230.41 mi27, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£173K01/210.41 mi18, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£185.5K10/220.41 mi55, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£215K01/230.41 mi61, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£195K07/210.41 mi63, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£184K12/220.43 mi28, Brunswick Road, Ipswich, Suffolk IP4 4BL2
£200K12/200.48 mi7, Khartoum Road, Ipswich, Suffolk IP4 4EX2
£187K02/230.49 mi34, Woodville Road, Ipswich, Suffolk IP4 1PD2
£170K03/210.5 mi379, Woodbridge Road, Ipswich, Suffolk IP4 4ES2
£175K04/230.5 mi163, Woodville Road, Ipswich, Suffolk IP4 1PE2

Local Rents

51 rents from £700/mo to £3.6K/mo, average is £945/mo.

RentDateDistanceAddressBeds 
£92507/240.02 miFinchley Road, Ipswich2
£85007/240.03 miNorfolk Road, Ipswich, Suffolk, UK, IP42
£90005/240.04 miFinchley Road2
£85004/240.04 mi-2
£92504/240.05 mi-2
£92504/240.05 mi-2
£87504/240.05 mi-2
£85004/240.06 miCemetery Road, Ipswich, Suffolk, IP42
£1,00006/240.1 miSuffolk Road, Ipswich, Suffolk, IP42
£99510/240.11 mi-2
£95007/240.13 miMeridian Rise, Ipswich, Suffolk, IP42
£95008/240.13 miMeridian Rise, Ipswich, Suffolk, IP42
£97506/240.14 miCemetery Road, Ipswich, IP42
£87505/240.14 miSuffolk Road, IP42
£99504/240.15 miWoodbridge Road, Ipswich, IP42
£75004/240.15 miChristchurch Street, Ipswich2
£97504/240.17 miChristchurch Street,Ipswich,IP42
£1,00005/240.17 miChristchurch Street, Ipswich2
£89504/240.18 miHervey Street, Ipswich2
£95001/240.18 miMeridian Rise, Ipswich2
£1,05006/240.18 miMeridian Rise, IPSWICH2
£80004/240.2 miWoodbridge Road, Ipswich, Suffolk, IP42
£87504/240.2 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£87507/240.2 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£97504/240.21 mi-2
£70004/240.22 miWithipoll Street, Ipswich, IP42
£87503/250.22 mi-2
£1,10007/240.22 miWoodbridge Road, Ipswich, Suffolk, IP42
£95009/240.22 miBramley Hill, IPSWICH2
£1,10009/240.22 mi-2
£94501/240.23 miBelle Vue Road, Ipswich, Suffolk, IP42
£1,10006/240.23 miNottidge Road, Ipswich2
£1,00008/240.23 miBramley Hill, Ipswich2
£90007/240.23 miSt Helens Street, Ipswich2
£92508/240.23 miNottidge Road, Ipswich, Suffolk, IP42
£87504/240.24 miSt Helens Street, Ipswich2
£77508/240.24 miSt. Helens Street, Ipswich2
£75008/240.24 miSt. Helens Street, Ipswich2
£95012/230.25 mi-2
£1,05007/240.26 miBelle Vue Road, Ipswich, Suffolk2
£85009/240.28 miOxford Road, IPSWICH2
£1,00004/240.29 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£95007/240.3 miBond Street, IPSWICH2
£1,00004/240.3 miRope Walk, Ipswich2
£3,60005/240.34 mi-2
£3,60010/240.34 mi-2
£82507/240.34 miFlat 705, Carr Street, Ipswich2
£95006/240.35 miParade Road, Ipswich, Suffolk, IP42
£99501/240.36 miColman Gardens, 15 Great Colman Street, Ipswich, Suffolk, IP42
£90006/240.36 miGreat Colman Street, Colman Gardens, Ipswich, Suffolk, IP42
£80005/240.38 miGrimwade Street, Ipswich2

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.21 miles away

Nearest school

0.20 miles away

Nearest train station

0.97 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 £160,000

September 26, 2024

Listed for £170,000

April 23, 2024

Floor Plans

Description

  • No Onward Chain +
  • Requires Updating Throughout +
  • Mid Terrace House +
  • Two Double Bedrooms +
  • Two Reception Rooms +
  • First Floor Bathroom +
  • Rear Garden Approx. 100ft (STS) +

This two bedroom mid terrace character property, situated in the heart of Ipswich town centre close to Christchurch Park, would benefit from updating and modernising, is being sold with no onward chain, comes with a rear garden in excess of 100ft (subject to survey), and would make an ideal first time / investment purchase. The accommodation comprises two generous reception rooms, kitchen, first floor landing, bathroom, and two double bedrooms.

The county town of Ipswich offers a range of local amenities including schools, university, shops, doctors, dental surgeries, hospital, two theatres, parks including the popular Orwell Country Park, recreational facilities, and mainline railway station providing direct links to London Liverpool Street Station. The vibrant waterfront has undergone an extensive rebuilding and gentrification programme and now boasts some fashionable bars and restaurants, together with the University of Suffolk.

Council tax band: A
EPC Rating: D

Agent Details

Palmer & Partners, Suffolk

01473 211705

Next Steps?

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