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

Siloam Place, Modus, IP3 0FB - 1 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£147,429
BMV23%

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 - £4,000

Rent Estimate

£816

Running Costs/mo

£558

Cashflow/mo

£258

Cashflow/yr

£3,094

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 £2.1K/m².

PriceDateDistanceAddressBeds 
£125.5K05/210.01 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.01 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.01 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£138.5K10/220.02 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K02/230.02 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.02 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.02 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£130K10/220.03 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£125K06/210.03 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£114K01/230.04 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£120K04/210.04 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.04 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.04 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.04 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.04 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K04/230.04 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.04 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£140K11/210.04 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£133K09/220.05 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£151.5K12/200.06 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£147K10/220.08 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.08 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£322.5K06/230.22 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.22 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.22 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.22 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.22 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£320K04/210.37 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£142K02/230.4 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£115K08/210.5 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.51 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£108K11/210.52 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£180K05/210.56 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£155K07/230.58 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£137.5K04/230.59 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£120K10/200.6 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£135K11/210.64 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£135K03/230.66 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£110K10/210.67 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£125K04/230.68 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.68 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.68 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£146.5K01/230.69 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.69 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£161K09/210.7 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£150K02/210.71 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.71 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.71 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.71 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£110K12/200.73 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2

Local Rents

53 rents from £750/mo to £4K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£85005/240.02 miIsham Place, Ipswich, Suffolk, IP32
£88505/240.03 miIsham Place, Ipswich2
£87506/240.03 miHope Court, Modus2
£89512/240.04 mi-2
£95012/240.04 mi-2
£95004/240.05 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£85001/240.05 miPownall Road, Ipswich, Suffolk, IP32
£87501/240.06 miTye Road, Ipswich, Suffolk, IP32
£80012/240.09 miFore Hamlet, Ipswich2
£99504/240.12 miNeptune Marina, Ipswich, IP32
£1,05005/240.12 miCoprolite Street, Ipswich2
£1,20010/240.12 mi-2
£1,20010/240.12 mi-2
£1,10004/240.12 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£82501/240.12 miFore Hamlet, Ipswich2
£97505/240.12 miCoprolite Street, Ipswich2
£1,20012/240.16 mi-2
£1,20012/240.16 mi-2
£85012/240.16 mi-2
£95001/240.17 miAnchor Street, Ipswich2
£1,25012/240.17 mi-2
£87505/240.19 miMitre Way, Ipswich2
£1,10005/240.19 miAnchor Street, Ipswich2
£1,10012/240.2 mi-2
£90003/250.2 mi-2
£1,15001/240.2 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.2 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£1,15001/240.22 miNeptune Square, Ipswich, IP42
£1,20007/240.22 miNeptune Square, Ipswich, IP42
£95008/240.22 miNeptune Square, Ipswich, IP42
£1,20001/240.22 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.22 miNeptune Square, Ipswich2
£1,20007/240.22 miNeptune Square, Ipswich, IP42
£1,25008/240.22 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.22 miNeptune Square, Ipswich, Suffolk, IP42
£1,10005/240.22 miPatteson Road, Ipswich2
£1,10005/240.22 miPatteson Road, IPSWICH2
£80001/240.26 miFore Street, Ipswich, Suffolk, IP42
£80005/240.31 miGrimwade Street, Ipswich2
£1,10012/240.31 mi-2
£75005/240.33 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.33 miStar Lane, Ipswich, Suffolk, IP42
£87508/240.33 miStar Lane, Ipswich, Suffolk, UK, IP42
£1,00004/240.33 miRope Walk, Ipswich2
£99504/240.33 miFoxhall Road, Ipswich, Suffolk2
£97504/240.33 miFoxhall Road, IP32
£97505/240.33 miFoxhall Road, Ipswich, Suffolk2
£1,00004/240.34 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£85009/240.36 miOxford Road, IPSWICH2
£4,00011/240.36 mi-2
£4,00011/240.36 mi-2
£1,00004/240.37 miThe Winerack, Key Street, Ipswich2
£1,20007/240.37 miThe Winerack, Key Street, Ipswich2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.43 miles away

Nearest school

0.40 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £120,000

August 21, 2024

Floor Plans

Description

  • No Onward Chain +
  • Ground Floor +
  • Permit Parking +
  • Walking Distance to Ipswich Waterfront +
  • Ensuite to Bedroom 1 +
  • Close to Local Amenities +
  • Electric Heating +
  • Recently Decorated throughout - Painting and Flooring +

NO ONWARD CHAIN. - READY TO MOVE INTO 2 Bedroom Ground Floor bedroom flat situated within the Modus development. The property comprises of communal entrance into the building leading to property, once inside you are greeted by; Hallway leading to Kitchen/Living Room, 2x Bedrooms with Ensuite to Bedroom 1, Family Bathroom, there is also an airing cupboard within the hallway. As part of the yearly fees residents are entitled to 2x Parking permits, (1 of which is a visitor permit).

Agent Details

Beagle Property, Ipswich

01473 943766

Next Steps?

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