2 Bed Flat, Single Let, Ipswich, IP2 9UY, £100,000

Cambridge Drive, Ipswich, IP2 9UY - 4 views - 10 months ago

Leasehold

BTL

ROI: 14%

~73 m²

+2 photos

ValuationUndervalued

Sold Prices	£55K - £218K
Sold Prices/m²	£992/m² - £3.5K/m²

Square Metres	~72.56 m²
Price/m²	£1.4K/m²
Value Estimate	£122,000£122,000
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£4,200£4,200
Total Cash In	£29,200£29,200

Cash Out
Rent Range	£800 - £1,195£800 - £1,195
Rent Estimate	£841
Running Costs/mo	£501£501
Cashflow/mo	£340£340
Cashflow/yr	£4,084£4,084
ROI	14%14%
Gross Yield	10%10%

Local Sold Prices

29 sold prices from £55K to £218K, average is £130K. £992/m² to £3.5K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£128.5K	01/21	0.13 mi	121, Mallard Way, Ipswich, Suffolk IP2 9LZ	£1,567	82	2	Flat
£125K	11/21	0.25 mi	12, Chesterton Close, Ipswich, Suffolk IP2 9UQ	£1,812	69	2	Flat
£112.5K	02/21	0.32 mi	19, Sandpiper Road, Ipswich, Suffolk IP2 9HX	£1,815	62	2	Flat
£218K	11/20	0.37 mi	18, Kirkham Close, Ipswich, Suffolk IP2 9BD	£3,516	62	2	Flat
£160K	05/23	0.58 mi	35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ	£2,667	60	2	Flat
£61.5K	10/20	0.64 mi	23, Hale Close, Ipswich, Suffolk IP2 9QP	£992	62	2	Flat
£61.5K	10/20	0.64 mi	23, Hale Close, Ipswich, Suffolk IP2 9QP	£992	62	2	Flat
£190.5K	09/21	0.8 mi	Flat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ	-	-	2	Flat
£135K	05/23	0.85 mi	Flat 1, Woodlands, Acer Grove, Ipswich, Suffolk IP8 3RR	-	-	2	Flat
£138.5K	12/22	0.85 mi	Flat 9, Woodlands, Acer Grove, Ipswich, Suffolk IP8 3RR	-	-	2	Flat
£137.5K	12/22	0.85 mi	54, Holman Court, Ipswich, Suffolk IP2 0ES	£2,218	62	2	Flat
£123.5K	04/21	0.87 mi	32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX	-	-	2	Flat
£55K	10/20	0.88 mi	Flat 17, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS	-	-	2	Flat
£120K	01/23	0.88 mi	Flat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS	£2,256	53	2	Flat
£123.5K	10/20	0.89 mi	117, Compair Crescent, Ipswich, Suffolk IP2 0EJ	£2,470	50	2	Flat
£110K	04/21	0.89 mi	101, Compair Crescent, Ipswich, Suffolk IP2 0EJ	£1,803	61	2	Flat
£121K	05/21	0.89 mi	50, Holman Court, Ipswich, Suffolk IP2 0ES	£2,051	59	2	Flat
£150K	10/22	0.89 mi	95, Compair Crescent, Ipswich, Suffolk IP2 0EJ	-	-	2	Flat
£127K	09/21	0.89 mi	4, Compair Crescent, Ipswich, Suffolk IP2 0EH	-	-	2	Flat
£135K	02/23	0.89 mi	58, Compair Crescent, Ipswich, Suffolk IP2 0EH	-	-	2	Flat
£140K	03/23	0.89 mi	68, Compair Crescent, Ipswich, Suffolk IP2 0EH	£1,944	72	2	Flat
£121K	05/21	0.89 mi	50, Holman Court, Ipswich, Suffolk IP2 0ES	£2,051	59	2	Flat
£130K	05/21	0.89 mi	46, Holman Court, Ipswich, Suffolk IP2 0ES	£2,167	60	2	Flat
£132.5K	02/21	0.89 mi	6, Holman Court, Ipswich, Suffolk IP2 0ES	£2,137	62	2	Flat
£120K	02/23	0.89 mi	34, Holman Court, Ipswich, Suffolk IP2 0ES	-	-	2	Flat
£130K	11/22	0.89 mi	62, Compair Crescent, Ipswich, Suffolk IP2 0EH	-	-	2	Flat
£137.5K	10/22	0.9 mi	42, Holman Court, Ipswich, Suffolk IP2 0ES	£2,304	60	2	Flat
£137K	12/21	0.9 mi	70, Compair Crescent, Ipswich, Suffolk IP2 0EH	£2,175	63	2	Flat
£139K	11/22	0.94 mi	53, Reavell Place, Ipswich, Suffolk IP2 0ET	-	-	2	Flat

Local Rents

13 rents from £800/mo to £1.2K/mo, average is £945/mo.

Rent	Date	Distance	Address	Beds	Type
£800	04/24	0.1 mi	Eclipse Court, Stoke Quay	2	Flat
£945	08/24	0.1 mi	Eclipse Court, Stoke Quay	2	Flat
£945	08/24	0.1 mi	Eclipse Court, Stoke Quay	2	Flat
£960	08/24	0.1 mi	Zephyr Court	2	Flat
£850	11/24	0.14 mi	-	2	Flat
£875	07/24	0.18 mi	Emmanuel Close, IPSWICH	2	Flat
£925	04/24	0.2 mi	Birkfield Drive, IPSWICH	2	Flat
£975	09/24	0.35 mi	Annbrook Road, Ipswich, Suffolk, IP2	2	Terraced House
£1,175	04/24	0.43 mi	Tinabrook Close, Ipswich	2	Bungalow
£950	08/24	0.46 mi	Heatherhayes, IPSWICH	2	Flat
£825	01/24	0.46 mi	Heatherhayes, Ipswich, Suffolk, IP2	2	Flat
£850	08/24	0.46 mi	Heatherhayes, Belstead Road, Ipswich	2	Flat
£1,195	06/24	0.55 mi	Prince Of Wales Drive, Ipswich, IP2	2	Bungalow

Local Area Statistics

Population in IP2	30,99730,997
Population in Ipswich	219,393219,393
Town centre distance	1.96 miles away1.96 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.92 miles away0.92 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-1%-1%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+28%+28%

Property History

Price changed to £100,000

September 26, 2024

Listed for £110,000

June 4, 2024

Floor Plans

Description

Guide Price £100,000 - £105,000 +
Popular IP2 Location +
Large Living Area +
Two Double Bedrooms +
Communal Parking +

Two bedroom apartment situated in the popular IP2 location of Ipswich. Comprising two double bedrooms, large living area, kitchen, bathroom, separate W.C and communal parking. This property is offered with no onward chain. ENTRANCE HALL:
Storage cupboard. Airing cupboard. Single radiator. Doors off.

LOUNGE:
Window to front. Double radiator. Storage cupboard.

KITCHEN:
Window to rear. Range of eye and base level units. Inset stainless steel single drainer sink unit. Tiled splashbacks. Electric cooker point. Plumbing for washing machine. Single radiator.
BEDROOM 1:
Window to rear. Single radiator. Storage cupboard. BEDROOM 2:
Window to front. Single radiator.

BATHROOM:
Window to rear. Suite comprising panelled bath and hand wash basin. Tiled splashbacks. Single radiator.

SEPARATE WC:
Window to rear. WC.

OUTSIDE:
Communal parking area.

EPC Rating: C

Agent Details

Joseph Property Agency, Ipswich

01473 943914

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

3 Bed House, Single Let, Ipswich, IP2 9EQ

£250,000

2 views • 3 months ago • 93 m²

3 Bed House, Single Let, Ipswich, IP2 9EQ

£250,000

14 days ago • 93 m²

Sold STC

3 Bed House, Single Let, Ipswich, IP2 9EQ

£250,000

5 months ago • 93 m²

3 Bed House, Single Let, Ipswich, IP2 9EQ

£234,950

10 days ago • 93 m²

2 Bed Flat, Single Let, Ipswich, IP2 9UY, £100,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

3 Bed House, Single Let, Ipswich, IP2 9EQ

3 Bed House, Single Let, Ipswich, IP2 9EQ

3 Bed House, Single Let, Ipswich, IP2 9EQ

3 Bed House, Single Let, Ipswich, IP2 9EQ

Cashflows

Local Sold Prices

Local Rents