2 Bed Flat, Single Let, Ipswich, IP4 1HD, £100,000

Carr Street, Ipswich, Suffolk, IP4 1HD - 3 views - 9 months ago

Leasehold
BTL
ROI: 4%
~70 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~69.96 m²
Price/m²£1.4K/m²

Value Estimate

£145,200
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£29,800

 

 

Cash Out

 

Rent Range

£492 - £3,600

Rent Estimate

£637

Running Costs/mo

£460

Cashflow/mo

£177

Cashflow/yr

£2,125

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£115K08/210.14 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.14 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£161K09/210.28 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£135K03/230.34 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£167.5K11/220.36 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£150K02/210.37 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.37 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.37 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.37 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£322.5K06/230.39 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.39 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.39 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.39 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.39 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£146.5K01/230.51 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.51 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£320K04/210.51 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£130K04/210.52 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.52 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.52 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.52 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.52 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£108K11/210.53 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£133K09/220.54 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£151.5K12/200.55 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£120K04/210.56 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.56 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.56 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.56 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.56 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£145K07/210.57 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£135K04/230.58 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.58 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£125.5K05/210.58 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.59 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.59 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£130K02/230.59 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.59 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.59 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£140K11/210.59 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£138.5K10/220.6 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£137.5K04/230.6 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£125K06/210.61 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£130K10/220.61 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£142K02/230.62 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£114K01/230.62 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£125K04/230.63 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.63 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.63 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£147K10/220.66 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2

Local Rents

50 rents from £492/mo to £3.6K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£82507/240 miFlat 705, Carr Street, Ipswich2
£3,60005/240.02 mi-2
£3,60010/240.02 mi-2
£99501/240.05 miColman Gardens, 15 Great Colman Street, Ipswich, Suffolk, IP42
£90006/240.05 miGreat Colman Street, Colman Gardens, Ipswich, Suffolk, IP42
£99504/240.1 mi-2
£1,10004/240.11 mi-2
£80008/240.12 miTown Centre Apartment, Ipswic2
£82507/240.12 miTown Centre Apartment, Ipswich2
£82508/240.12 miTacket Street, Ipswich2
£1,10009/240.13 mi-2
£95004/240.13 miUpper Brook Street, IPSWICH2
£87504/240.14 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£87507/240.14 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£95007/240.15 miBond Street, IPSWICH2
£80004/240.16 miWoodbridge Road, Ipswich, Suffolk, IP42
£89504/240.17 miHervey Street, Ipswich2
£89504/240.18 miFoundation Street, Ipswich, IP42
£89504/240.18 miFoundation Street, Ipswich, IP42
£1,05008/240.18 miFoundation Street, IPSWICH2
£97505/240.18 miFoundation Street, Ipswich2
£87504/240.19 miSt Helens Street, Ipswich2
£1,00005/240.19 miChristchurch Street, Ipswich2
£97504/240.19 miChristchurch Street,Ipswich,IP42
£49204/240.2 mi-2
£52706/240.2 mi-2
£53210/240.21 mi-2
£97506/240.21 miFootmans, Lloyd Avenue 2
£97506/240.21 miCemetery Road, Ipswich, IP42
£75008/240.22 miSt. Helens Street, Ipswich2
£77508/240.22 miSt. Helens Street, Ipswich2
£95001/240.22 miLower Orwell Street, Ipswich, IP42
£85005/240.22 miHeart of Town Centre2
£2,69506/240.23 miLower Brook Street, Ipswich2
£75004/240.23 miChristchurch Street, Ipswich2
£70004/240.24 miWithipoll Street, Ipswich, IP42
£95012/230.25 mi-2
£99510/240.25 mi-2
£87508/240.26 miStar Lane, Ipswich, Suffolk, UK, IP42
£75005/240.26 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.26 miStar Lane, Ipswich, Suffolk, IP42
£80005/240.28 miGrimwade Street, Ipswich2
£1,20005/240.28 miElm Street, Ipswich2
£1,00004/240.29 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£1,00004/240.29 miRope Walk, Ipswich2
£87503/250.29 mi-2
£1,10004/240.29 miArcade Street, Ipswich2
£1,10005/240.3 miArcade Street, IPSWICH2
£90004/240.3 miSt. Peters Street, Ipswich, IP12
£90004/240.3 miMuseum Street, 9 Museum Street, IP12

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.41 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £100,000

December 4, 2024

Listed for £120,000

July 12, 2024

Floor Plans

Description

    • IDEAL FIRST TIME BUYER / INVESTMENT PROPERTY +
    • TOWN CENTRE LOCATION +
    • RECENTLY DECORATED THROUGHOUT +
    • CURRENTLY TENANTED +
    • OFF STREET ALLOCATED PARKING +

Home from Home are delighted to offer for sale this centrally located sixth floor apartment in the Focus Apartments block. The apartment has wonderful views across Ipswich and benefits from having an allocated off road parking space. The accommodation comprises:

Hallway: 1.20m x 4.38m (3'9" x 14'4")
Doors off to:

Bathroom: 2.32m x 2m (7'6" x 6'5")
White sanitary units including bath with shower above, wash basin and low level flush w.c. Walls fully tiled. Floor tiled. Heated towel rail. Extractor fan.

Airing cupboard: Contains hot water cylinder and ample storage space.

Storage cupboard: Coat hooks and shoe storage area.

Lounge/Diner/Kitchen: 3.81m x 5.11m (12' x 16'8")
Windows x 2 to side and rear. Laminate flooring. Base and eye level kitchen units with built in washing machine and fridge freezer. Oven, hob and extractor hood. Recessed ceiling spotlights.

Bedroom 1: 2.88m x 3.5m (9'4" x 11'5")
Window to rear. Built in wardrobes. Carpeted flooring. Recessing ceiling spotlights.

En-suite: 2.30m x 1.10m (7'5" x 3'6")
Walk in shower cubicle. Wash basin and low level flush w/c. Walls and floor fully tiled.

Bedroom 2: 4.62m x 2.50m (15'2" x 8'2")
Window to rear. Carpeted flooring. Recessing ceiling spotlights.

Council tax band B
Service charge: £2,133.42 half yearly
Ground rent: £350 per year

Viewing highly recommended! Call our agency on to arrange a viewing with us.

Agent Details

Home From Home, Ipswich

01473 943682

Next Steps?

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