2 Bed Flat, Single Let, Ipswich, IP3 0FF, £130,000

Siloam Place, Ipswich, IP3 0FF - 9 months ago

Leasehold
BTL
ROI: 8%
~76 m²

ValuationUndervalued

Sold Prices£107.5K - £322.5K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~75.62 m²
Price/m²£1.7K/m²

Value Estimate

£159,900
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£750 - £1,325

Rent Estimate

£850

Running Costs/mo

£596

Cashflow/mo

£254

Cashflow/yr

£3,045

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £131.5K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£147K10/220 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£114K01/230.05 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£130K10/220.06 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£125K06/210.06 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£138.5K10/220.07 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K02/230.08 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.08 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.08 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£140K12/220.08 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.08 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125.5K05/210.08 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K11/210.08 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£135K04/230.09 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.09 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£120K04/210.11 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.11 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.11 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.11 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.11 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£133K09/220.12 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£151.5K12/200.13 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£322.5K06/230.29 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.29 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.29 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.29 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.29 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£320K04/210.42 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£142K02/230.43 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£180K05/210.53 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£155K07/230.55 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£108K11/210.57 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£115K08/210.57 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.59 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£137.5K04/230.63 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£135K11/210.66 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K10/210.68 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£125K04/230.72 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.72 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.72 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£135K03/230.73 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£120K12/220.74 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£146.5K01/230.74 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.74 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£110K12/200.75 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.75 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£121K02/210.77 mi64, Provan Court, Ipswich, Suffolk IP3 8GG2
£130K10/210.77 mi66, Provan Court, Ipswich, Suffolk IP3 8GG2
£130K06/210.77 mi50, Provan Court, Ipswich, Suffolk IP3 8GG2
£125K04/210.77 mi90, Provan Court, Ipswich, Suffolk IP3 8GG2

Local Rents

52 rents from £750/mo to £1.3K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£95004/240.03 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£87501/240.04 miTye Road, Ipswich, Suffolk, IP32
£87506/240.06 miHope Court, Modus2
£88505/240.08 miIsham Place, Ipswich2
£85005/240.08 miIsham Place, Ipswich, Suffolk, IP32
£95012/240.11 mi-2
£89512/240.12 mi-2
£85001/240.13 miPownall Road, Ipswich, Suffolk, IP32
£87505/240.14 miMitre Way, Ipswich2
£90003/250.15 mi-2
£1,20012/240.16 mi-2
£1,20012/240.16 mi-2
£1,25012/240.16 mi-2
£80012/240.16 miFore Hamlet, Ipswich2
£95001/240.17 miAnchor Street, Ipswich2
£85012/240.18 mi-2
£1,10005/240.18 miAnchor Street, Ipswich2
£1,10012/240.18 mi-2
£1,15001/240.18 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.18 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£99504/240.19 miNeptune Marina, Ipswich, IP32
£1,05005/240.19 miCoprolite Street, Ipswich2
£1,20010/240.2 mi-2
£1,20010/240.2 mi-2
£1,10004/240.2 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£82501/240.2 miFore Hamlet, Ipswich2
£97505/240.2 miCoprolite Street, Ipswich2
£1,10005/240.21 miPatteson Road, Ipswich2
£1,10005/240.21 miPatteson Road, IPSWICH2
£1,15001/240.29 miNeptune Square, Ipswich, IP42
£1,20007/240.29 miNeptune Square, Ipswich, IP42
£95008/240.29 miNeptune Square, Ipswich, IP42
£1,20001/240.29 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.29 miNeptune Square, Ipswich2
£1,20007/240.29 miNeptune Square, Ipswich, IP42
£1,25008/240.29 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.29 miNeptune Square, Ipswich, Suffolk, IP42
£1,10012/240.32 mi-2
£99504/240.33 miFoxhall Road, Ipswich, Suffolk2
£97504/240.33 miFoxhall Road, IP32
£97505/240.33 miFoxhall Road, Ipswich, Suffolk2
£80001/240.33 miFore Street, Ipswich, Suffolk, IP42
£97001/250.37 mi-2
£97503/250.38 mi-2
£80005/240.38 miGrimwade Street, Ipswich2
£89508/240.4 miRosebery Road, Ipswich, Suffolk, UK, IP42
£1,00004/240.4 miRope Walk, Ipswich2
£75005/240.4 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.4 miStar Lane, Ipswich, Suffolk, IP42
£87508/240.41 miStar Lane, Ipswich, Suffolk, UK, IP42
£85009/240.41 miOxford Road, IPSWICH2
£1,00004/240.41 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.48 miles away

Nearest school

0.40 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Price changed to £130,000

December 26, 2024

Listed for £140,000

July 11, 2024

Floor Plans

Description

  • Investment opppurtunity +
  • Master with en suite +
  • Parking +
  • Close to the waterfront +
  • Call for more details +

DESCRIPTION Two Bedroom ground floor flat situated on the Modus development which is situated close to the University and Waterfront. The property is currently rented out on an AST and is on a periodic tenancy achieving a figure of £850 PCM.
The flat is accessed by a secure front entrance. The flat has Sealed Unit double glazing and electric heating. Open plan kitchen/Living area, 2 bedrooms one with an En Suite, Bathroom. The area operates a permit parking scheme for the flats.

Entrance
Secure front entrance into communal hallway and access to the flat with front door into hallway, Built in cupboard. Telephone door entry.

Living/Kitchen Area 5.69m (18'8") max x 4.42m (14'6") max
Sealed unit double glazed window and door leading to outside. Kitchen units and worktops. Built in Electric oven, Hob and Extractor. Electric Heater.

Bedroom 1 3.38m (11'1") x 2.79m (9'2")
Double glazed window.

En Suite
Shower cubicle with shower, Wc, Wash Basin, Electric heater.

Bedroom 2 3.48m (11'5") x 2.51m (8'3")
Double glazed window, Electric heater.

Bathroom
Bath, Low level Wc, Hand Wash Basin

Outside
Communal lawned area, Outside bin store, Permit parking spaces.

Agent Details

Jackson & Co, Covering Suffolk

01473 943847

Next Steps?

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