2 Bed Terraced House, Single Let, Ipswich, IP4 5ET, £183,000

Parliament Road, Ipswich, IP4 5ET - 8 months ago

BTL
ROI: 1%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£145K - £320K
Sold Prices/m²£1.9K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£195,014
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,750

Stamp Duty & Legal Fees

£11,510

Total Cash In

£57,260

 

 

Cash Out

 

Rent Range

£795 - £1,200

Rent Estimate

£796

Running Costs/mo

£751

Cashflow/mo

£45

Cashflow/yr

£539

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £145K to £320K, average is £200K. £1.9K/m² to £4.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£221K02/230 mi37, Parliament Road, Ipswich, Suffolk IP4 5ET2
£157K04/210 mi18, Parliament Road, Ipswich, Suffolk IP4 5ET2
£175K08/210.06 mi2, Parliament Road, Ipswich, Suffolk IP4 5ET2
£268K12/220.1 mi68, Henslow Road, Ipswich, Suffolk IP4 5EQ2
£185K07/220.14 mi61, The Street, Shotley, Ipswich, Suffolk IP9 1NQ2
£165K06/210.14 mi22, Coronation Road, Ipswich, Suffolk IP4 5EN2
£157K04/210.17 mi68, Bloomfield Street, Ipswich, Suffolk IP4 5JH2
£202.5K06/210.19 mi38, Kemball Street, Ipswich, Suffolk IP4 5EE2
£200K11/210.2 mi67, Kemball Street, Ipswich, Suffolk IP4 5EB2
£145K11/200.21 mi42, Kemball Street, Ipswich, Suffolk IP4 5EE2
£166K12/200.24 mi128, Kemball Street, Ipswich, Suffolk IP4 5EA2
£203.5K05/210.25 mi2, Bloomfield Street, Ipswich, Suffolk IP4 5JG2
£210K05/210.25 mi134, Kemball Street, Ipswich, Suffolk IP4 5EA2
£167K03/210.27 mi43, Camden Road, Ipswich, Suffolk IP3 8JW2
£232.8K07/230.28 mi305d, Cauldwell Hall Road, Ipswich, Suffolk IP4 5AJ2
£200K07/230.29 mi308, Foxhall Road, Ipswich, Suffolk IP3 8HT2
£210K12/200.29 mi3, Celestion Drive, Ipswich, Suffolk IP3 8GF2
£227K02/230.3 mi147, Cauldwell Hall Road, Ipswich, Suffolk IP4 5DA2
£194K01/210.3 mi430, Spring Road, Ipswich, Suffolk IP4 5NB2
£160K02/210.3 mi428, Spring Road, Ipswich, Suffolk IP4 5NB2
£190K06/230.3 mi147a, Cauldwell Hall Road, Ipswich, Suffolk IP4 5DA2
£225K01/230.3 mi1, Prentice Way, Ipswich, Suffolk IP3 8GH2
£180K11/220.32 mi520, Spring Road, Ipswich, Suffolk IP4 5LZ2
£178K06/230.32 mi174, Cauldwell Hall Road, Ipswich, Suffolk IP4 5DB2
£185K02/230.32 mi359, Spring Road, Ipswich, Suffolk IP4 5NA2
£200K09/210.32 mi321, Spring Road, Ipswich, Suffolk IP4 5NA2
£190K08/210.33 mi29, Prentice Way, Ipswich, Suffolk IP3 8GH2
£229K11/220.33 mi31, Prentice Way, Ipswich, Suffolk IP3 8GH2
£220K01/230.34 mi241, Spring Road, Ipswich, Suffolk IP4 5NF2
£172.5K04/210.37 mi53, Stanley Avenue, Ipswich, Suffolk IP3 8HX2
£216.5K12/220.37 mi14, Bull Road, Ipswich, Suffolk IP3 8GP2
£172.5K04/210.38 mi53, Stanley Avenue, Ipswich, Suffolk IP3 8HX2
£177K08/210.38 mi30, Ringham Road, Ipswich, Suffolk IP4 5BX2
£156K08/210.41 mi57, Upland Road, Ipswich, Suffolk IP4 5BT2
£200K09/210.42 mi12, Darwin Road, Ipswich, Suffolk IP4 1QD2
£204K02/230.42 miUpland Centre, 2, Upland Road, Ipswich, Suffolk IP4 5BT2
£200K07/230.43 mi131, Spring Road, Ipswich, Suffolk IP4 5NH2
£180K05/210.43 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£212K11/200.45 mi58, Upper Cavendish Street, Ipswich, Suffolk IP3 8BT2
£190K03/210.45 mi62, Cauldwell Hall Road, Ipswich, Suffolk IP4 4QE2
£217.5K02/210.45 mi27, Upper Cavendish Street, Ipswich, Suffolk IP3 8BT2
£235K06/230.45 mi33, Upper Cavendish Street, Ipswich, Suffolk IP3 8BT2
£242K12/220.46 mi31, Reading Road, Ipswich, Suffolk IP4 4NP2
£210K09/210.46 mi71, York Road, Ipswich, Suffolk IP3 8BU2
£265K05/230.47 mi753, Woodbridge Road, Ipswich, Suffolk IP4 4NE2
£190K03/210.47 mi188, Rosehill Road, Ipswich, Suffolk IP3 8HG2
£180K03/210.47 mi245, Rosehill Road, Ipswich, Suffolk IP3 8HG2
£235K06/230.47 mi245, Rosehill Road, Ipswich, Suffolk IP3 8HG2
£210K09/210.48 mi71, York Road, Ipswich, Suffolk IP3 8BU2
£320K05/210.49 mi1, Temple Road, Ipswich, Suffolk IP3 8PA2

Local Rents

47 rents from £795/mo to £1.2K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£1,10004/240 miParliament Road, IP4 2
£89506/240 miParliament Road, Ipswich, IP42
£95009/240 miParliament Road, Ipswich, Suffolk, IP42
£90004/240.01 miParliament Road, Ipswich, Suffolk, IP42
£90007/240.01 miHenslow Road, Ipswich, Suffolk, UK, IP42
£89509/240.01 miParliament Road, Ipswich, Suffolk, IP42
£95010/230.05 mi-2
£99503/250.05 mi-2
£79509/240.18 miCauldwell Hall Road, Ipswich, Suffolk, UK, IP42
£1,10007/240.2 miBloomfield Street, Ipswich, IP42
£1,10008/240.2 mi-2
£97512/240.22 mi-2
£1,00001/240.3 miSpring Road, Ipswich2
£87504/240.3 miCowper Street, Ipswich2
£95005/240.3 miSpring Road, Ipswich2
£97504/240.3 miSpring Road, Ipswich, Suffolk, IP42
£90006/240.31 miCauldwell Hall Road, Ipswich2
£1,00012/240.31 mi-2
£95010/230.32 mi-2
£1,20009/240.32 mi-2
£99505/240.33 miPrentice Way, Ipswich2
£90011/240.33 mi-2
£97508/240.35 miSpring Road, Ipswich, Suffolk, IP42
£97507/240.36 miSpring Road, Ipswich, Suffolk, IP42
£1,10006/240.38 mi-2
£90005/240.39 miDover Road, Ipswich2
£87504/240.4 miBull Road, Ipswich, IP32
£87504/240.42 miUpland Road, Ipswich, IP42
£89509/240.42 miUpland Road, IP42
£99505/240.43 miUpland Road, Ipswich2
£89505/240.43 miProvan Court, Off Foxhall Road, Ipswich, IP32
£90006/240.45 miTennyson Road, Ipswich, Suffolk, UK, IP42
£92507/240.45 miTennyson Road, Ipswich, Suffolk, UK, IP42
£1,20006/240.48 miFoxhall Road2
£79504/240.49 miDarwin Road, Ipswich, IP42
£89506/240.5 miNelson Road, East Ipswich, Ipswich, IP42
£85008/240.5 mi-2
£85008/240.5 miOakstead Close, Ipswich, IP42
£80007/240.52 miOakstead Close, Ipswich, IP42
£1,09504/240.53 miYork Road, Ipswich, Suffolk, IP32
£1,00004/240.53 miWellesley Road, Ipswich, Suffolk, IP42
£82504/240.53 miTennyson Road, Ipswich, Suffolk, IP42
£89507/240.55 miRushmere Road, Ipswich, IP42
£94007/240.58 mi-2
£92508/240.58 miWellesley Road, Ipswich, IP42
£97503/250.59 mi-2
£87507/240.6 miLeopold Road, Ipswich, Suffolk, IP42

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.92 miles away

Nearest school

0.10 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £183,000

August 1, 2024

Floor Plans

Description

  • EAST IPSWICH +
  • OFF ROAD PARKING FOR A SMALL CAR +
  • OPEN PLAN LIVING/DINING AREA +
  • GROUND FLOOR BATHROOM +
  • CLOSE TO IPSWICH HOSPITAL +
  • NEAR TO LOCAL SCHOOLS +
  • GOOD SIZED GARDEN +
  • VIEWING ADVISED +

SUMMARY
EAST IPSWICH IDEAL FIRST TIME BUYER OR INVESTOR PROPERTY OPEN PLAN LIVING/DINING AREA GROUND FLOOR BATHROOM TWO BEDROOMS OFF ROAD PARKING FOR A SMALL CAR

DESCRIPTION
EAST IPSWICH CLOSE TO LOCAL SCHOOLS AND IPSWICH HOSPITAL OFF ROAD PARKING FOR A SMALL CAR GROUND FLOOR BATHROOM GOOD SIZED GARDEN OPEN PLAN LIVING/DINING ROOM

Agents Note
This property has an offer accepted subject to contract but is still currently available to view.

Entrance Door 
Double glazed entrance door into porch, further door leads to living/dining room.

Living/Dining Room 21' 5" x 10' 5" ( 6.53m x 3.17m )
Double glazed windows to front and rear, radiator.

Kitchen 8' 4" x 6' 6" ( 2.54m x 1.98m )
Double glazed window to side, range of floor and wall units with co-ordinated work surface over, space for cooker and fridge.

Rear Lobby 
Door to side leading to garden, built in cupboard housing boiler and a radiator. Door to bathroom.

Bathroom 
Double glazed window to side, three piece suite comprising of low level WC, wash hand basin and panel enclosed bath, with shower over.

Landing 
Wall mounted consumer unit, doors to both bedrooms.

Bedroom One  13' 6" x 10' 5" ( 4.11m x 3.17m )
Double glazed window to rear, radiator.

Bedroom Two  10' 7" x 10' 5" ( 3.23m x 3.17m )
Double glazed window to front, radiator.

Outside 

Front Garden 
Paved to allow off road parking.

Rear Garden 
Enclosed mainly laid to lawn.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Ipswich East

01473 943332

Next Steps?

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