2 Bed Flat, Single Let, Ipswich, IP2 0EH, £115,000

221B Compair Crescent, South Ipswich, IP2 0EH - 10 months ago

Sold STC
Leasehold
BTL
ROI: 10%
~58 m²
+6 photos

ValuationUndervalued

Sold Prices£64K - £322.5K
Sold Prices/m²£1.6K/m² - £4.3K/m²

 

 

Square Metres

~57.61 m²
Price/m²£2K/m²

Value Estimate

£128,868
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Rent Range

£775 - £2,000

Rent Estimate

£851

Running Costs/mo

£550

Cashflow/mo

£301

Cashflow/yr

£3,617

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £64K to £322.5K, average is £133.8K. £1.6K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£127K09/210.02 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.02 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.02 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£130K11/220.03 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£137K12/210.03 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£121K05/210.03 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K12/220.05 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K10/220.05 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£121K05/210.05 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K05/210.05 mi46, Holman Court, Ipswich, Suffolk IP2 0ES2
£132.5K02/210.05 mi6, Holman Court, Ipswich, Suffolk IP2 0ES2
£120K02/230.05 mi34, Holman Court, Ipswich, Suffolk IP2 0ES2
£123.5K10/200.08 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.08 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£150K10/220.08 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£139K11/220.09 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£190.5K09/210.3 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£142K05/230.31 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£150K02/210.49 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.49 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.49 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.49 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£120K01/230.52 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£161K09/210.57 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£137.5K04/230.59 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£160K05/230.61 mi35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ2
£123.5K04/210.61 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£110K12/200.61 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£108K11/210.63 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£120K11/200.65 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.65 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£105K11/210.66 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£115K04/210.68 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.68 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£64K03/230.69 miFlat 510, The Spectrum, Dunlop Road, Ipswich, Suffolk IP2 0UJ2
£218K11/200.7 mi18, Kirkham Close, Ipswich, Suffolk IP2 9BD2
£135K11/210.71 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K12/200.71 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.71 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£115K09/210.72 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£110K10/210.77 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£320K04/210.77 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£153.5K12/220.78 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£167.5K11/220.85 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£128.5K01/210.87 mi121, Mallard Way, Ipswich, Suffolk IP2 9LZ2
£322.5K06/230.95 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.95 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.95 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.95 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.95 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2

Local Rents

52 rents from £775/mo to £2K/mo, average is £963/mo.

RentDateDistanceAddressBeds 
£92503/240 mi-2
£92511/240 mi-2
£1,10008/240.03 miRanelagh Road, Ipswich2
£88507/240.05 miHolman Court, Ipswich2
£88508/240.05 miHolman Court, Ipswich2
£95007/240.06 miReavall Place, Ipswich2
£95007/240.06 miReavall Place, Ipswich2
£86504/240.08 miCompair Crescent, Ipswich2
£90007/240.08 miCompair Crescent, Ipswich, IP22
£98512/240.08 mi-2
£98512/240.08 mi-2
£1,00005/240.09 miReavell Place, Ipswich2
£95007/240.09 miReavell Place, Ipswich, Suffolk2
£95008/240.09 miReavell Place, Ipswich, Suffolk2
£1,00008/240.09 miReavell Place, IPSWICH2
£95007/240.09 miReavell Place, Ipswich2
£87508/240.1 miGaskell Place, IPSWICH2
£89505/240.1 miGaskell Place, Ipswich2
£90007/240.12 miBroomwade Close, Ipswich2
£97501/250.14 mi-2
£92504/240.15 miPooleys Yard, Ipswich, Suffolk, IP22
£1,00007/240.16 miPooleys Yard, Centrums Court, IP22
£90005/240.17 miGippeswyk Road, Ipswich2
£90005/240.18 miGippeswyk Avenue, Ipswich2
£90005/240.2 miGippeswyk Road, Ipswich2
£1,15004/240.29 miPortman Road, Ipswich, Suffolk, IP12
£87506/240.31 miCullingham Road, Ipswich, IP12
£1,10001/240.31 miWentworth House, Burrell Road2
£1,25001/240.31 miWentworth House, Ipswich2
£85002/250.33 mi-2
£80005/240.33 miBurrell Road, Ipswich, IP22
£1,84004/240.34 mi-2
£1,84006/240.34 mi-2
£1,84012/240.34 mi-2
£1,50004/250.34 mi-2
£1,85004/240.34 mi-2
£1,40005/240.34 mi-2
£1,55009/240.34 mi-2
£1,40011/240.34 mi-2
£1,40003/250.34 mi-2
£1,55001/250.34 mi-2
£1,15004/250.4 mi-2
£86003/240.42 mi-2
£95005/240.42 miBurlington Road, Ipswich2
£80006/240.45 miLondon Road, Ipswich2
£77504/240.47 miLondon Road, Ipswich, IP12
£2,00003/250.47 mi-2
£1,10008/240.47 miPhilip Road, IPSWICH2
£1,10011/240.5 mi-2
£1,10011/240.5 mi-2
£89505/240.5 miWolsey Street, Ipswich2
£98505/240.5 miWolsey Street, Ipswich2

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

1.22 miles away

Nearest school

0.40 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £115,000

January 1, 2025

Price changed to £120,000

December 4, 2024

Listed for £125,000

June 12, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • TWO DOUBLE BEDROOMS +
  • EN-SUITE SHOWER ROOM AND FAMLY BATHROOM +
  • RESIDENT AND VISITOR PARKING PERMITS +
  • WALKING DISTANCE TO IPSWICH TRAIN STATION, TOWN CENTRE AND WATERFRONT +
  • GAS CENTRAL HEATING (BOILER 18 MONTHS OLD) +
  • IDEAL FIRST TIME BUY OR INVESTMENT +
  • LEASEHOLD - COUNCIL TAX BAND B +

NO ONWARD CHAIN - RESIDENTS & VISITOR PARKING - WALKING DISTANCE TO IPSWICH TOWN CENTRE, WATERFRONT & RAILWAY STATION

*Foxhall Estate Agents* are delighted to offer for sale this desirable, purpose built, two bedroom, first floor apartment, situated in a superb location minutes from Ipswich Mainline Train Station. The property is conveniently located for Ipswich Town Centre and Waterfront with the river Orwell and Gippeswyk park also close by along with a range of shops and amenities.

The property further benefits from permit parking, gas central heating and double glazing.

The property comprises two good size double bedrooms, en-suite shower room, family bathroom and open lounge/diner/kitchen with Juliette balcony.

Communal Entrance - Secure entry door leading to stairs up to the first floor apartment.

Entrance Hallway - Wall mounted entry phone system, large storage cupboard, and doors to all rooms, laminate flooring.

Lounge/Diner - 4.74 x 3.13 (15'6" x 10'3" ) - Radiator, double glazed sliding door to the Juliette balcony, open through to the kitchen

Kitchen - 2.97 x 1.82 (9'8" x 5'11") - A well presented kitchen comprising base and eye level units, integrated gas hob with extractor over, integrated electric oven, single drainer sink with mixer tap over, space for a fridge/freezer, rolled worktops, tiled splashback and laminate flooring.

Bedroom One - 4.75 x 2.99 (15'7" x 9'9") - Double glazed window to front, radiator, carpeted flooring door leading to en-suite shower room.

En-Suite - Shower cubicle, low level W.C., wash-hand basin with mixer tap over, extractor fan, tiled splashbacks and laminate flooring.

Bedroom Two - 3.59 x 2.74 (11'9" x 8'11") - Double glazed window to front, radiator, carpeted flooring.

Bathroom - Panelled bath with mixer tap and shower over with screen, low level W.C., wash-hand basin with mixer tap, extractor, radiator.

Outside - There are riverside communal gardens with a childrens play area, on development shopping and other amenities.

Parking - The apartment comes with one residents parking permit and one visitors parking permit.

Agents Notes - Tenure - Leasehold
Council Tax Band - B
Lease - 125 years from June 2007.
Ground rent - £250 per annum
Service Charge, inc Water £1596.10 per annum.
Buildings insurance to follow.

Agent Details

Foxhall Estate Agents, Ipswich

01473 943315

Next Steps?

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