2 Bed Flat, Single Let, Ipswich, IP2 8JR, £100,000





ValuationUndervalued
Sold Prices | £55K - £322.5K |
Sold Prices/m² | £1.5K/m² - £4.3K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.5K/m² |
Value Estimate | £120,000£120,000 |
BMV | 20% |
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 | £650 - £2,600£650 - £2,600 |
Rent Estimate | £764 |
Running Costs/mo | £485£485 |
Cashflow/mo | £279£279 |
Cashflow/yr | £3,344£3,344 |
ROI | 11%11% |
Gross Yield | 9%9% |
Local Sold Prices
50 sold prices from £55K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£110K | 10/21 | 0.06 mi | 25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ | - | - | 2 | Flat | |
£135K | 11/21 | 0.12 mi | 6, Bruff Road, Ipswich, Suffolk IP2 8GY | £2,318 | 58 | 2 | Flat | |
£153.5K | 12/22 | 0.12 mi | 43, Bruff Road, Ipswich, Suffolk IP2 8GS | £2,952 | 52 | 2 | Flat | |
£110K | 12/20 | 0.13 mi | 88, Bruff Road, Ipswich, Suffolk IP2 8GX | £1,964 | 56 | 2 | Flat | |
£128K | 12/22 | 0.13 mi | 102, Bruff Road, Ipswich, Suffolk IP2 8GX | £2,281 | 56 | 2 | Flat | |
£120K | 10/20 | 0.15 mi | 7, Croft Street, Ipswich, Suffolk IP2 8EB | £1,993 | 60 | 2 | Flat | |
£123.5K | 04/21 | 0.29 mi | 32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX | - | - | 2 | Flat | |
£55K | 10/20 | 0.33 mi | Flat 17, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS | - | - | 2 | Flat | |
£120K | 01/23 | 0.33 mi | Flat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS | £2,256 | 53 | 2 | Flat | |
£137.5K | 04/23 | 0.33 mi | 31, Seymour Road, Ipswich, Suffolk IP2 8EN | £2,500 | 55 | 2 | Flat | |
£108K | 11/21 | 0.38 mi | 88, Vernon Street, Ipswich, Suffolk IP2 8JB | £1,742 | 62 | 2 | Flat | |
£320K | 04/21 | 0.39 mi | 155, Stoke Quay, Ipswich, Suffolk IP2 8SN | £2,991 | 107 | 2 | Flat | |
£190.5K | 09/21 | 0.55 mi | Flat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ | - | - | 2 | Flat | |
£160K | 05/23 | 0.56 mi | 35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ | £2,667 | 60 | 2 | Flat | |
£140K | 11/21 | 0.6 mi | 239, Duke Street, Ipswich, Suffolk IP3 0BX | - | - | 2 | Flat | |
£151.5K | 12/20 | 0.61 mi | 53, Pownall Road, Ipswich, Suffolk IP3 0DN | £2,658 | 57 | 2 | Flat | |
£322.5K | 06/23 | 0.62 mi | 51, Neptune Square, Ipswich, Suffolk IP4 1QH | £4,300 | 75 | 2 | Flat | |
£315K | 07/23 | 0.62 mi | 39, Neptune Square, Ipswich, Suffolk IP4 1QH | £4,297 | 73 | 2 | Flat | |
£290K | 02/21 | 0.62 mi | 51, Neptune Square, Ipswich, Suffolk IP4 1QH | £3,867 | 75 | 2 | Flat | |
£167K | 01/21 | 0.62 mi | 10, Neptune Square, Ipswich, Suffolk IP4 1QH | £3,199 | 52 | 2 | Flat | |
£255K | 06/21 | 0.62 mi | 48, Neptune Square, Ipswich, Suffolk IP4 1QH | £3,400 | 75 | 2 | Flat | |
£130K | 10/22 | 0.63 mi | 36, Hope Court, Ipswich, Suffolk IP3 0DX | £1,605 | 81 | 2 | Flat | |
£138.5K | 10/22 | 0.63 mi | 19, Hope Court, Ipswich, Suffolk IP3 0DW | £1,979 | 70 | 2 | Flat | |
£140K | 12/22 | 0.63 mi | 32, Siloam Place, Ipswich, Suffolk IP3 0FB | £2,373 | 59 | 2 | Flat | |
£119K | 10/20 | 0.63 mi | 22, Siloam Place, Ipswich, Suffolk IP3 0FB | £2,644 | 45 | 2 | Flat | |
£125.5K | 05/21 | 0.64 mi | 42, Siloam Place, Ipswich, Suffolk IP3 0FB | £1,476 | 85 | 2 | Flat | |
£147K | 10/22 | 0.65 mi | 106, Siloam Place, Ipswich, Suffolk IP3 0FF | £2,492 | 59 | 2 | Flat | |
£136K | 04/23 | 0.65 mi | 92, Siloam Place, Ipswich, Suffolk IP3 0FF | £1,936 | 70 | 2 | Flat | |
£114K | 01/23 | 0.66 mi | 59, Siloam Place, Ipswich, Suffolk IP3 0FD | £1,781 | 64 | 2 | Flat | |
£130K | 02/23 | 0.67 mi | 21, Isham Place, Ipswich, Suffolk IP3 0DY | £2,319 | 56 | 2 | Flat | |
£110K | 06/21 | 0.67 mi | 1, Isham Place, Ipswich, Suffolk IP3 0DY | £1,833 | 60 | 2 | Flat | |
£134K | 02/23 | 0.67 mi | 5, Isham Place, Ipswich, Suffolk IP3 0DY | £2,627 | 51 | 2 | Flat | |
£125K | 06/21 | 0.67 mi | 6, Isham Place, Ipswich, Suffolk IP3 0DZ | £2,128 | 59 | 2 | Flat | |
£120K | 04/21 | 0.67 mi | 56, Pownall Road, Ipswich, Suffolk IP3 0DR | £2,034 | 59 | 2 | Flat | |
£128K | 07/21 | 0.67 mi | 64, Pownall Road, Ipswich, Suffolk IP3 0DR | £1,882 | 68 | 2 | Flat | |
£130K | 11/20 | 0.67 mi | 48, Pownall Road, Ipswich, Suffolk IP3 0DR | £2,321 | 56 | 2 | Flat | |
£128K | 07/21 | 0.67 mi | 64, Pownall Road, Ipswich, Suffolk IP3 0DR | £1,882 | 68 | 2 | Flat | |
£135K | 05/23 | 0.67 mi | 46, Pownall Road, Ipswich, Suffolk IP3 0DR | £2,252 | 60 | 2 | Flat | |
£133K | 09/22 | 0.67 mi | 93, Pownall Road, Ipswich, Suffolk IP3 0DA | £1,900 | 70 | 2 | Flat | |
£135K | 04/23 | 0.68 mi | 58, Fore Hamlet, Ipswich, Suffolk IP3 8BD | £1,824 | 74 | 2 | Flat | |
£118K | 06/21 | 0.68 mi | 32, Fore Hamlet, Ipswich, Suffolk IP3 8BD | £1,686 | 70 | 2 | Flat | |
£150K | 02/21 | 0.69 mi | 72, Wolsey Street, Ipswich, Suffolk IP1 1AF | £2,174 | 69 | 2 | Flat | |
£162.5K | 04/21 | 0.69 mi | 58, Wolsey Street, Ipswich, Suffolk IP1 1AF | £2,500 | 65 | 2 | Flat | |
£170K | 06/21 | 0.69 mi | 54, Wolsey Street, Ipswich, Suffolk IP1 1AF | £2,017 | 84 | 2 | Flat | |
£122.5K | 03/21 | 0.69 mi | 92, Wolsey Street, Ipswich, Suffolk IP1 1AF | £1,801 | 68 | 2 | Flat | |
£161K | 09/21 | 0.77 mi | 15, St Nicholas Court, Ipswich, Suffolk IP1 1TG | £1,789 | 90 | 2 | Flat | |
£218K | 11/20 | 0.77 mi | 18, Kirkham Close, Ipswich, Suffolk IP2 9BD | £3,516 | 62 | 2 | Flat | |
£137K | 12/21 | 0.82 mi | 70, Compair Crescent, Ipswich, Suffolk IP2 0EH | £2,175 | 63 | 2 | Flat | |
£135K | 02/23 | 0.82 mi | 58, Compair Crescent, Ipswich, Suffolk IP2 0EH | - | - | 2 | Flat | |
£140K | 03/23 | 0.82 mi | 68, Compair Crescent, Ipswich, Suffolk IP2 0EH | £1,944 | 72 | 2 | Flat |
Local Rents
50 rents from £650/mo to £2.6K/mo, average is £950/mo.
Rent | Date | Distance | Address | Beds | Type | |
£875 | 04/24 | 0 mi | Wherstead Road, Ipswich, Suffolk, IP2 | 2 | Flat | |
£850 | 06/24 | 0 mi | Wherstead Road, Ipswich | 2 | Flat | |
£900 | 06/24 | 0.01 mi | Wherstead Road, Ipswich, Suffolk, IP2 | 2 | Flat | |
£650 | 06/24 | 0.02 mi | Apt Wherstead Road, Ipswich, IP2 | 2 | Flat | |
£850 | 08/24 | 0.02 mi | Wherstead Road, Ipswich, IP2 | 2 | Flat | |
£850 | 08/24 | 0.02 mi | Wherstead Road, Ipswich, IP2 | 2 | Flat | |
£825 | 06/24 | 0.02 mi | Rapier Street, IP2 | 2 | Flat | |
£850 | 07/24 | 0.02 mi | Rapier Street, Ipswich, IP2 | 2 | Flat | |
£975 | 04/24 | 0.06 mi | - | 2 | Terraced House | |
£975 | 03/24 | 0.06 mi | - | 2 | Terraced House | |
£950 | 08/24 | 0.09 mi | Cowell Street, Ipswich, Suffolk, IP2 | 2 | Terraced House | |
£950 | 07/24 | 0.13 mi | Bruff Road, Ipswich, Suffolk, IP2 | 2 | Flat | |
£900 | 08/24 | 0.13 mi | Bruff Road, Ipswich | 2 | Flat | |
£900 | 04/24 | 0.15 mi | Croft Street, Ipswich, IP2 | 2 | Terraced House | |
£1,000 | 01/24 | 0.21 mi | Hartley Street, Ipswich | 2 | Terraced House | |
£1,100 | 12/24 | 0.21 mi | - | 2 | Terraced House | |
£900 | 04/24 | 0.22 mi | Hartley Street, Ipswich, Suffolk, IP2 | 2 | Terraced House | |
£1,100 | 04/24 | 0.24 mi | - | 2 | Terraced House | |
£825 | 08/24 | 0.24 mi | Pauline Street, Ipswich, IP2 | 2 | Flat | |
£2,600 | 05/24 | 0.26 mi | - | 2 | Terraced House | |
£795 | 06/24 | 0.26 mi | Shelley Street, Ipswich, IP2 | 2 | Flat | |
£1,100 | 07/24 | 0.3 mi | Martin Road, Ipswich, IP2 | 2 | Terraced House | |
£900 | 04/24 | 0.32 mi | Austin Street, Ipswich, Suffolk | 2 | Terraced House | |
£900 | 05/24 | 0.32 mi | Austin Street, Ipswich, Suffolk | 2 | Terraced House | |
£900 | 06/24 | 0.32 mi | Austin Street, Ipswich, Suffolk | 2 | Terraced House | |
£825 | 01/24 | 0.33 mi | Belstead Avenue, Ipswich, Suffolk, IP2 | 2 | Flat | |
£1,100 | 08/24 | 0.37 mi | Philip Road, IPSWICH | 2 | Terraced House | |
£1,000 | 07/24 | 0.39 mi | Stoke Quay, IP2 | 2 | Flat | |
£950 | 08/24 | 0.39 mi | Stoke Quay, Ipswich, IP2 | 2 | Flat | |
£775 | 09/24 | 0.4 mi | - | 2 | Flat | |
£925 | 05/24 | 0.4 mi | Stoke Street, IP2, Ipswich | 2 | Terraced House | |
£985 | 08/24 | 0.41 mi | Stoke Quay, Ipswich | 2 | Flat | |
£985 | 09/24 | 0.41 mi | Stoke Quay, Ipswich | 2 | Flat | |
£1,100 | 05/24 | 0.44 mi | Patteson Road, Ipswich | 2 | Flat | |
£1,100 | 05/24 | 0.44 mi | Patteson Road, IPSWICH | 2 | Flat | |
£800 | 04/24 | 0.46 mi | Stokebridge Maltings, Ipswich, IP2 | 2 | Flat | |
£1,150 | 01/24 | 0.47 mi | Anchor Street, Ipswich, Suffolk, IP3 | 2 | Flat | |
£995 | 04/24 | 0.47 mi | 1 Anchor Street, Orwell Quay, Ipswich, IP3 | 2 | Flat | |
£1,100 | 12/24 | 0.47 mi | - | 2 | Flat | |
£1,100 | 05/24 | 0.48 mi | Anchor Street, Ipswich | 2 | Flat | |
£850 | 12/24 | 0.48 mi | - | 2 | Flat | |
£950 | 01/24 | 0.48 mi | Anchor Street, Ipswich | 2 | Flat | |
£1,150 | 04/25 | 0.49 mi | - | 2 | Flat | |
£1,250 | 12/24 | 0.49 mi | - | 2 | Flat | |
£1,200 | 12/24 | 0.49 mi | - | 2 | Flat | |
£1,200 | 12/24 | 0.49 mi | - | 2 | Flat | |
£925 | 04/24 | 0.5 mi | Heatherhayes, Ipswich, IP2 | 2 | Terraced House | |
£895 | 05/24 | 0.5 mi | Heatherhayes, Off Belstead Road, Ipswich, IP2 | 2 | Terraced House | |
£1,600 | 04/24 | 0.51 mi | The Winerack, Penthouse Apartment | 2 | Flat | |
£725 | 09/24 | 0.52 mi | Wherstead Road, Ipswich | 2 | Flat |
Local Area Statistics
Population in IP2 | 30,99730,997 |
Population in Ipswich | 219,393219,393 |
Town centre distance | 1 miles away1 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.62 miles away0.62 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
Listed for £100,000
June 4, 2024
Floor Plans

Description
- Allocated Parking +
- Fitted Kitchen +
- Two Double Bedrooms +
- Viewing Strongly Recommended +
- Virtual Tour Available +
- Walking distance of excellent local amenities +
- Walking Distance to Town Centre +
- Well maintained throughout +
Potters Estate Agents offers a well-maintained, 2-bed third-floor flat at 163 Wherstead Road, Ipswich. Currently tenanted and mortgageable, it's ideal as a buy-to-let or for vacant possession.
The apartment features two double bedrooms, an open-plan modern living area with a fitted kitchen, a balcony, and a bathroom. It benefits from electric underfloor heating, double glazing, included white goods, a security entrance, and allocated parking (under a separate lease). Access is available via a lift or stairs.
Located on the south side of Ipswich, this property is close to the popular Marina area, local shops, and amenities. It is within walking distance of the town centre and railway station, with easy access to the main A12 trunk road.
Agent's Note:
The vendor has provided the following information:
The property is under the management of Encore Estate Management Ltd, registered in England, part of the Encore Property Management Group.
Service Charge: Approximately £3000 total per year, paid every six months (£1,522.85, paid until the end of June 2024)
Freeholder: Freehold Managers Ltd
Flat Lease: Ground Rent: £300 per year
Car Park Lease: Ground rent £60 per year
Lease Period: 1st Jan 2004 - 31st Dec 2023 (99 years remaining)
Council Tax: Band B
Current Tenant is paying £764pcm Jan 2024 - Dec 2024
This flat presents an excellent investment opportunity or a comfortable home in a sought-after location.
Agent notes:
Town: The county town of Ipswich is served by a wide range of local amenities including schools, University, shops, doctors, dental surgeries, hospital, two theatres, parks, recreational facilities and mainline railway station providing direct links to London Liverpool Street Station. The town has also undergone an extensive rebuilding around the vibrant waterfront which now has some lovely bars and restaurants.
Education: There is a wide selection of Good Ofsted rated state schools and closely followed by Ipswich private school for all age groups.
Access: The A14 and A12 is easily accessed, linking and giving excellent access across the region. A12 connecting to Colchester, Chelmsford and Stansted Airport and beyond, A14 connecting to Bury St Edmunds, Cambridge and The Midlands.
Transport: Derby Railway Station linking to Ipswich Railway Station which provides excellent rail links to Norwich and Liverpool Street Station. The journey time from Ipswich of approximately 1 hour and 10 minutes. Greater Anglia have announced the launch of a direct rail services running to London Liverpool Station.
Local Authority: Ipswich Borough Council
Council Tax Band: At the time of instruction the council tax band for this property is Band B.
Services: Mains electricity, sewerage and water connected.
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.
Disclaimer
1. While Potter's Estate Agents endeavour to make our sales particulars fair, accurate and reliable they are only a general guide to the property and accordingly. If there is any point which is of particular importance to you, please contact the office and we will be happy to check the position for you.
2. Potters draft particulars are drafted on an "as is" basis approved by the client we represent. We cannot guarantee that accuracy of the information disclosed or give any warranty as to suitability, fitness for purpose, completeness, or that any content is free of omissions or errors.
3. A buyer is advised to obtain verification from their Solicitor in all circumstances. Potters will not be liable for any legal expenses incurred without written permission in advance by the controlling directors.
4. The measurements indicated are supplied for guidance only and cannot guarantee the accuracy of any description, dimensions, references to conditions, necessary permissions for use and occupancy and other details contained herein. The prospective purchasers or tenants must not rely on them as statements of fact and must satisfy themselves as to their accuracy.
5. Potter's Estate Agents act on an "arm's length" basis. We do not have any authority to make or give any representation or warranty or enter any contract whatever in relation to the property.
6. Services: Please note we have not tested the services or any of the equipment or appliances in this property. We strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
7. Potter's Estate Agents will not be liable for any loss arising from the use of these particulars. We have not tested any apparatus, equipment, fixtures and fittings sand therefore cannot verify that they are in working order or fit for the purpose.
8. Potters are not solicitors and cannot give legal or financial advice. We will not be liable for any legal or conveyancing cost if information is revealed by searches etc' that leads to the sale collapsing.
9. The prospective purchasers or tenants must not rely on the particulars as statements of fact or representations and must satisfy themselves as to their accuracy.
10. Photographs will only show certain parts of the property and assumptions should not be made in respect of those parts of the property that have not been photographed. (Items or contents shown in the photographs are not included as part of the sale unless specified otherwise) It should not be assumed the property will remain as shown in the photograph. Photographs are taken using a wide-angle lens.
Council Tax Band: B (Ipswich Borough Council)
Tenure: Leasehold (119 years)
Ground Rent: £300 per year
Service Charge: £3,000 per year
(Approximately £3000 total per year, paid every six months-£1,522.85 paid until the end of June 2024)
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