2 Bed Flat, Single Let, Ipswich, IP2 8FF, £155,000

Osprey Court, Barnard Square, Ipswich IP2 8FF - 3 views - 10 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+6 photos

ValuationOvervalued

Sold Prices	£108K - £322.5K
Sold Prices/m²	£1.5K/m² - £4.3K/m²

Square Metres	~68.11 m²
Price/m²	£2.3K/m²
Value Estimate	£148,067£148,067

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£38,750£38,750
Stamp Duty & Legal Fees	£5,850£5,850
Total Cash In	£44,600£44,600

Cash Out
Rent Range	£795 - £4,000£795 - £4,000
Rent Estimate	£828
Running Costs/mo	£670£670
Cashflow/mo	£158£158
Cashflow/yr	£1,896£1,896
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £108K 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
£320K	04/21	0.05 mi	155, Stoke Quay, Ipswich, Suffolk IP2 8SN	£2,991	107	2	Flat
£108K	11/21	0.11 mi	88, Vernon Street, Ipswich, Suffolk IP2 8JB	£1,742	62	2	Flat
£137.5K	04/23	0.18 mi	31, Seymour Road, Ipswich, Suffolk IP2 8EN	£2,500	55	2	Flat
£322.5K	06/23	0.27 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,300	75	2	Flat
£315K	07/23	0.27 mi	39, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,297	73	2	Flat
£290K	02/21	0.27 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,867	75	2	Flat
£167K	01/21	0.27 mi	10, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,199	52	2	Flat
£255K	06/21	0.27 mi	48, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,400	75	2	Flat
£135K	11/21	0.33 mi	6, Bruff Road, Ipswich, Suffolk IP2 8GY	£2,318	58	2	Flat
£151.5K	12/20	0.36 mi	53, Pownall Road, Ipswich, Suffolk IP3 0DN	£2,658	57	2	Flat
£150K	02/21	0.37 mi	72, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,174	69	2	Flat
£162.5K	04/21	0.37 mi	58, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,500	65	2	Flat
£170K	06/21	0.37 mi	54, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,017	84	2	Flat
£122.5K	03/21	0.37 mi	92, Wolsey Street, Ipswich, Suffolk IP1 1AF	£1,801	68	2	Flat
£140K	11/21	0.38 mi	239, Duke Street, Ipswich, Suffolk IP3 0BX	-	-	2	Flat
£110K	10/21	0.4 mi	25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ	-	-	2	Flat
£140K	12/22	0.4 mi	32, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,373	59	2	Flat
£119K	10/20	0.4 mi	22, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,644	45	2	Flat
£125.5K	05/21	0.41 mi	42, Siloam Place, Ipswich, Suffolk IP3 0FB	£1,476	85	2	Flat
£138.5K	10/22	0.41 mi	19, Hope Court, Ipswich, Suffolk IP3 0DW	£1,979	70	2	Flat
£133K	09/22	0.41 mi	93, Pownall Road, Ipswich, Suffolk IP3 0DA	£1,900	70	2	Flat
£161K	09/21	0.41 mi	15, St Nicholas Court, Ipswich, Suffolk IP1 1TG	£1,789	90	2	Flat
£130K	10/22	0.42 mi	36, Hope Court, Ipswich, Suffolk IP3 0DX	£1,605	81	2	Flat
£120K	04/21	0.42 mi	56, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,034	59	2	Flat
£128K	07/21	0.42 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£130K	11/20	0.42 mi	48, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,321	56	2	Flat
£128K	07/21	0.42 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£135K	05/23	0.42 mi	46, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,252	60	2	Flat
£110K	12/20	0.42 mi	88, Bruff Road, Ipswich, Suffolk IP2 8GX	£1,964	56	2	Flat
£128K	12/22	0.42 mi	102, Bruff Road, Ipswich, Suffolk IP2 8GX	£2,281	56	2	Flat
£130K	02/23	0.43 mi	21, Isham Place, Ipswich, Suffolk IP3 0DY	£2,319	56	2	Flat
£110K	06/21	0.43 mi	1, Isham Place, Ipswich, Suffolk IP3 0DY	£1,833	60	2	Flat
£134K	02/23	0.43 mi	5, Isham Place, Ipswich, Suffolk IP3 0DY	£2,627	51	2	Flat
£135K	04/23	0.44 mi	58, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,824	74	2	Flat
£118K	06/21	0.44 mi	32, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,686	70	2	Flat
£114K	01/23	0.45 mi	59, Siloam Place, Ipswich, Suffolk IP3 0FD	£1,781	64	2	Flat
£125K	06/21	0.45 mi	6, Isham Place, Ipswich, Suffolk IP3 0DZ	£2,128	59	2	Flat
£147K	10/22	0.46 mi	106, Siloam Place, Ipswich, Suffolk IP3 0FF	£2,492	59	2	Flat
£136K	04/23	0.46 mi	92, Siloam Place, Ipswich, Suffolk IP3 0FF	£1,936	70	2	Flat
£120K	01/23	0.47 mi	Flat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS	£2,256	53	2	Flat
£153.5K	12/22	0.49 mi	43, Bruff Road, Ipswich, Suffolk IP2 8GS	£2,952	52	2	Flat
£115K	08/21	0.5 mi	18, Silk Street, Ipswich, Suffolk IP4 2PA	£1,716	67	2	Flat
£134K	10/22	0.52 mi	16, Silk Street, Ipswich, Suffolk IP4 2PA	£1,887	71	2	Flat
£123.5K	04/21	0.52 mi	32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX	-	-	2	Flat
£190.5K	09/21	0.57 mi	Flat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ	-	-	2	Flat
£137K	12/21	0.7 mi	70, Compair Crescent, Ipswich, Suffolk IP2 0EH	£2,175	63	2	Flat
£127K	09/21	0.71 mi	4, Compair Crescent, Ipswich, Suffolk IP2 0EH	-	-	2	Flat
£135K	02/23	0.71 mi	58, Compair Crescent, Ipswich, Suffolk IP2 0EH	-	-	2	Flat
£140K	03/23	0.71 mi	68, Compair Crescent, Ipswich, Suffolk IP2 0EH	£1,944	72	2	Flat
£142K	02/23	0.74 mi	50, Finbars Walk, Ipswich, Suffolk IP4 1HY	£2,679	53	2	Flat

Local Rents

51 rents from £795/mo to £4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£985	08/24	0.03 mi	Stoke Quay, Ipswich	2	Flat
£985	09/24	0.03 mi	Stoke Quay, Ipswich	2	Flat
£1,000	07/24	0.05 mi	Stoke Quay, IP2	2	Flat
£950	08/24	0.05 mi	Stoke Quay, Ipswich, IP2	2	Flat
£1,600	04/24	0.11 mi	The Winerack, Penthouse Apartment	2	Flat
£800	04/24	0.12 mi	Stokebridge Maltings, Ipswich, IP2	2	Flat
£900	04/24	0.12 mi	Austin Street, Ipswich, Suffolk	2	Terraced House
£900	05/24	0.12 mi	Austin Street, Ipswich, Suffolk	2	Terraced House
£900	06/24	0.12 mi	Austin Street, Ipswich, Suffolk	2	Terraced House
£1,600	04/24	0.12 mi	Key Street, The Winerack Key Street, IP4	2	Flat
£1,250	08/24	0.12 mi	The Shamrock, Ipswich	2	Flat
£1,100	06/24	0.13 mi	Key Street, IPSWICH	2	Flat
£1,300	09/24	0.13 mi	Key Street, IPSWICH	2	Flat
£1,450	06/24	0.13 mi	Winerack Apartments, Key Street, Ipswich	2	Flat
£850	07/24	0.13 mi	The Mill, College Street, Ipswich, Suffolk, IP4	2	Flat
£1,000	01/24	0.13 mi	Key Street, Ipswich	2	Flat
£1,100	05/24	0.13 mi	The Winerack, Ipswich	2	Flat
£1,150	09/24	0.13 mi	The Winerack, Key Street, Ipswich	2	Flat
£950	08/24	0.14 mi	Cranfield Mill, College Street, Ipswich	2	Flat
£1,000	04/24	0.15 mi	Foundry The Mill, College Street, Ipswich	2	Flat
£1,050	04/24	0.15 mi	College Street, IPSWICH	2	Flat
£925	05/24	0.15 mi	Stoke Street, IP2, Ipswich	2	Terraced House
£1,200	04/24	0.15 mi	-	2	Flat
£1,275	01/25	0.15 mi	-	2	Flat
£2,600	05/24	0.15 mi	-	2	Terraced House
£1,125	01/24	0.16 mi	44 The Cambria, Regatta Quay, Key Street, Ipswich, Suffolk, IP4	2	Flat
£1,250	07/24	0.16 mi	The Cambria, Quay Street, Ipswich, IP4	2	Flat
£1,250	07/24	0.16 mi	The Cambria, Quay Street, Ipswich, IP4	2	Flat
£4,000	11/24	0.16 mi	-	2	Flat
£4,000	11/24	0.16 mi	-	2	Flat
£1,000	04/24	0.16 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,200	07/24	0.16 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,000	07/24	0.16 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,150	07/24	0.16 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,095	08/24	0.16 mi	The Cambria, Key Street, Ipswich	2	Flat
£1,050	08/24	0.16 mi	The Winerack, Key Street, Ipswich	2	Flat
£895	06/24	0.18 mi	The Mill	2	Flat
£825	08/24	0.19 mi	Pauline Street, Ipswich, IP2	2	Flat
£900	04/24	0.22 mi	Hartley Street, Ipswich, Suffolk, IP2	2	Terraced House
£1,100	04/24	0.24 mi	-	2	Terraced House
£1,000	01/24	0.24 mi	Hartley Street, Ipswich	2	Terraced House
£795	06/24	0.24 mi	Shelley Street, Ipswich, IP2	2	Flat
£1,150	01/24	0.27 mi	Neptune Square, Ipswich, IP4	2	Flat
£1,200	07/24	0.27 mi	Neptune Square, Ipswich, IP4	2	Flat
£950	08/24	0.27 mi	Neptune Square, Ipswich, IP4	2	Flat
£1,200	01/24	0.27 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£1,325	04/24	0.27 mi	Neptune Square, Ipswich	2	Flat
£1,200	07/24	0.27 mi	Neptune Square, Ipswich, IP4	2	Flat
£1,250	08/24	0.27 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£1,250	08/24	0.27 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£2,695	06/24	0.28 mi	Lower Brook Street, Ipswich	2	Semi-Detached House

Local Area Statistics

Population in IP2	30,99730,997
Population in Ipswich	219,393219,393
Town centre distance	0.64 miles away0.64 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.53 miles away0.53 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 £155,000

June 28, 2024

Description

Modern & affordable Waterside living +
15 minutes walk to Ipswich train station +
Ground Floor +
Underground Allocated Parking +
2 Double Bedrooms +
Modern Kitchen +
Walking distance to all Amenities +
Fast trains to London’s Liverpool Street +

IDEAL INVESTMENT PURCHASE IMMACULATE and SPACIOUS two DOUBLE bedroom GROUND floor apartment located on STOKE QUAY, Ipswich. LARGE living room with MODERN kitchen. Allocated UNDERGROUND parking.

Full Market Value: £155,000
Service Charge: £224.50 pcm
Council Tax: Band B
Leasehold: 117 years remaining
EPC Rating: B
Pet free Lease

All apartments fitted with smoke alarms, carbon monoxide detectors & low level energy lighting fitted to all rooms.

Hallway: - Entrance hall with electric entry system and two storage cupboards, one housing boiler.

Open Plan Lounge/Dining Area: - 6.37m x 2.56m (20'10" x 8'4") - Floor to ceiling UPVC double glazed window. Wood effect laminate flooring. BT & TV points with wiring for digital and Sky facilities.

Kitchen: - 2.58m x 2.08m (8'5" x 6'9") - Vinyl flooring. Contemporary style cupboards and worktops. Stainless steel sink with monobloc tap. Electric oven, hob and extractor fan, stainless steel splash back, radiator tiled splash back, extractor fan. Freestanding washing machine and upright fridge freezer.

Bedroom 1: - 4.89m x 2.56m (16'0" x 8'4") - UPVC double glazed window, carpet, ceiling light, radiator.

Bedroom 2: - 4.89m x 2.55m (16'0" x 8'4") - UPVC double glazed window, carpet, ceiling light, radiator

Bathroom: - Fully tiled panelled bath with wall mounted shower and glass screen, Low level wc, wash hand basin with tiled splash back area. Wall mirror, with over light. Vinyl flooring, extractor fan.

External: - Allocated underground parking space. Visitor parking available. Bike storage area. Cycle storage.

Local Area: - Tranquil waterside living at Stoke Quay running alongside Neptune Marina and the nearby River Orwell. The town centre is located just on your doorstep where shops and shopping centres go hand in hand with the narrow streets of a medieval town. Stoke Quay is less than 15 minutes' walk from Ipswich Railway Station and trains from Ipswich go straight into London's Liverpool Street.

Agents Note: - The apparatus, equipment, fittings and services for this property have not been tested by First Step, all interested parties will need to satisfy themselves as to the condition of any such items or services.
These details are to be used as a guide only and their accuracy is therefore not guaranteed.

Letter of Comfort available

Agent Details

First Step, Stotfold

01462 416014

Next Steps?

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

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ValuationOvervalued

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Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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