2 Bed Flat, Single Let, Ipswich, IP3 0FJ, £120,000

Tye Road, Ipswich, Suffolk, IP3 0FJ - 9 months ago

Leasehold
BTL
ROI: 8%
~95 m²
+8 photos

ValuationUndervalued

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

 

 

Square Metres

~95 m²
Price/m²£1.3K/m²

Value Estimate

£145,200
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£750 - £1,325

Rent Estimate

£800

Running Costs/mo

£555

Cashflow/mo

£245

Cashflow/yr

£2,940

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £134.7K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£147K10/220.02 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.02 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£130K10/220.03 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£114K01/230.04 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£138.5K10/220.05 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£125K06/210.05 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£140K12/220.06 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.06 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K11/210.06 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£125.5K05/210.06 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£130K02/230.07 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.07 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.07 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£135K04/230.08 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.08 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£120K04/210.09 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.09 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.09 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.09 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.09 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£151.5K12/200.1 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£133K09/220.11 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£322.5K06/230.27 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.27 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.27 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.27 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.27 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£320K04/210.4 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£142K02/230.43 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£108K11/210.55 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£180K05/210.55 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£115K08/210.56 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£155K07/230.57 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£134K10/220.57 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£137.5K04/230.61 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£135K11/210.64 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K10/210.66 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£135K03/230.72 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£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
£110K12/200.73 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.73 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£146.5K01/230.74 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.74 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£150K02/210.75 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.75 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.75 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.75 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£161K09/210.75 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2

Local Rents

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

RentDateDistanceAddressBeds 
£87501/240.01 miTye Road, Ipswich, Suffolk, IP32
£95004/240.01 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£87506/240.03 miHope Court, Modus2
£85005/240.07 miIsham Place, Ipswich, Suffolk, IP32
£88505/240.07 miIsham Place, Ipswich2
£95012/240.1 mi-2
£89512/240.1 mi-2
£85001/240.11 miPownall Road, Ipswich, Suffolk, IP32
£1,20012/240.14 mi-2
£1,20012/240.14 mi-2
£1,25012/240.14 mi-2
£80012/240.15 miFore Hamlet, Ipswich2
£95001/240.15 miAnchor Street, Ipswich2
£85012/240.15 mi-2
£1,10005/240.16 miAnchor Street, Ipswich2
£87505/240.17 miMitre Way, Ipswich2
£1,10012/240.17 mi-2
£99504/240.17 miNeptune Marina, Ipswich, IP32
£1,15001/240.17 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.17 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£1,05005/240.17 miCoprolite Street, Ipswich2
£1,20010/240.17 mi-2
£1,20010/240.17 mi-2
£90003/250.17 mi-2
£1,10004/240.17 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£97505/240.18 miCoprolite Street, Ipswich2
£82501/240.18 miFore Hamlet, Ipswich2
£1,10005/240.19 miPatteson Road, Ipswich2
£1,10005/240.19 miPatteson Road, IPSWICH2
£1,15001/240.27 miNeptune Square, Ipswich, IP42
£1,20007/240.27 miNeptune Square, Ipswich, IP42
£95008/240.27 miNeptune Square, Ipswich, IP42
£1,20001/240.27 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.27 miNeptune Square, Ipswich2
£1,20007/240.27 miNeptune Square, Ipswich, IP42
£1,25008/240.27 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.27 miNeptune Square, Ipswich, Suffolk, IP42
£80001/240.31 miFore Street, Ipswich, Suffolk, IP42
£1,10012/240.33 mi-2
£99504/240.34 miFoxhall Road, Ipswich, Suffolk2
£97504/240.34 miFoxhall Road, IP32
£97505/240.34 miFoxhall Road, Ipswich, Suffolk2
£80005/240.37 miGrimwade Street, Ipswich2
£75005/240.39 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.39 miStar Lane, Ipswich, Suffolk, IP42
£87508/240.39 miStar Lane, Ipswich, Suffolk, UK, IP42
£1,00004/240.39 miRope Walk, Ipswich2
£97001/250.4 mi-2
£1,00007/240.4 miStoke Quay, IP22
£95008/240.4 miStoke Quay, Ipswich, IP22
£97503/250.4 mi-2

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

0.68 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 £120,000

March 8, 2025

Listed for £130,000

July 16, 2024

Floor Plans

Description

  • Two Bedroom Ground Floor Flat +
  • Residents Parking - Allocated Space +
  • Garden & Large Communal Garden +
  • Stones Throw To Ipswich Waterfront +
  • Modern & Beautifully Presented +
  • No Onward Chain +

* GUIDE PRICE £120,000 - £130,000 *

Situated just a stones throw from Ipswich Waterfront & Town Centre with a range of local amenities available on your doorstep is this beautifully presented and modern ground floor two bedroom flat with allocated parking space and being offered with NO ONWARD CHAIN.

The property comprises of entrance hall, generously sized reception room with views over the well-maintained communal gardens flowing through to the kitchen/diner consisting of fully fitted kitchen and space for good size dining area, large master bedroom, further second generously sized double bedroom and family bathroom comprising three piece suite and shower over bath.

The property does benefit from small garden area accessed via the rear door from the kitchen as well as access to the communal gardens.

The town of Ipswich offers a range of amenities including schools, university, independent and high street shops, hospital, theatres & cinemas, vast selection of restaurants & bars, beautiful parks such as the historic Christchurch Park and the popular Orwell Country Park as well as many more recreational and educational facilities. The town centre homes the mainline railway station which provides direct links to London Liverpool Street and where you can also find the beautiful Ipswich Marina which has undergone extensive redevelopment over the years to create a wonderful vibrant waterfront which is lined with restaurants, cafes, galleries, and shops.

Internal viewing is highly recommended, to arrange or for more information please get in touch with the SALES team at LEADERS.

Agent Details

Leaders Sales, Ipswich

01473 943818

Next Steps?

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