2 Bed Flat, Single Let, Ipswich, IP2 0UJ, £50,000





ValuationUndervalued
Sold Prices | £64K - £190.5K |
Sold Prices/m² | £1.6K/m² - £2.7K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £734/m² |
Value Estimate | £61,000 |
BMV | 22% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £12,500 |
Stamp Duty & Legal Fees | £3,700 |
Total Cash In | £16,200 |
| |
Cash Out | |
Rent Range | £695 - £1,850 |
Rent Estimate | £630 |
Running Costs/mo | £302 |
Cashflow/mo | £328 |
Cashflow/yr | £3,933 |
ROI | 24% |
Gross Yield | 15% |
Local Sold Prices
36 sold prices from £64K to £190.5K, average is £130K. £1.6K/m² to £2.7K/m², average is £2.2K/m².
Local Rents
48 rents from £695/mo to £1.9K/mo, average is £900/mo.
Local Area Statistics
Population in IP2 | 30,997 |
Population in Ipswich | 219,393 |
Town centre distance | 1.71 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 0.90 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | -1% |
Sales demand | Balanced market |
Capital growth (5yrs) | +28% |
Property History
Price changed to £50,000
December 26, 2024
Price changed to £55,000
December 4, 2024
Price changed to £60,000
September 26, 2024
Listed for £65,000
May 29, 2024
Floor Plans

Description
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