2 Bed Flat, Single Let, Ipswich, IP2 0AR, £118,500

Ranelagh Road, Pooleys Yard, Ipswich, IP2 0AR - 7 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~66 m²
+11 photos

ValuationUndervalued

Sold Prices£55K - £322.5K
Sold Prices/m²£1.7K/m² - £4.3K/m²

 

 

Square Metres

~66 m²
Price/m²£1.8K/m²

Value Estimate

£144,570
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,625

Stamp Duty & Legal Fees

£7,125

Total Cash In

£36,750

 

 

Cash Out

 

Rent Range

£695 - £2,000

Rent Estimate

£838

Running Costs/mo

£558

Cashflow/mo

£280

Cashflow/yr

£3,361

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55K to £322.5K, average is £133.8K. £1.7K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£137K12/210.13 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£127K09/210.14 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.14 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.14 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£130K11/220.17 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£121K05/210.18 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K10/220.19 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K12/220.2 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£190.5K09/210.2 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£121K05/210.2 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K05/210.2 mi46, Holman Court, Ipswich, Suffolk IP2 0ES2
£132.5K02/210.2 mi6, Holman Court, Ipswich, Suffolk IP2 0ES2
£120K02/230.2 mi34, Holman Court, Ipswich, Suffolk IP2 0ES2
£139K11/220.21 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£123.5K10/200.22 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.22 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£150K10/220.22 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£150K02/210.39 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.39 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.39 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.39 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£55K10/200.39 miFlat 17, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£120K01/230.39 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£142K05/230.42 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£137.5K04/230.44 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£161K09/210.48 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£108K11/210.48 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£123.5K04/210.49 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£160K05/230.55 mi35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ2
£120K10/200.57 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£135K11/210.57 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K12/200.58 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.58 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£320K04/210.63 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£110K10/210.63 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£153.5K12/220.65 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£218K11/200.68 mi18, Kirkham Close, Ipswich, Suffolk IP2 9BD2
£110K12/200.72 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£105K11/210.73 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£120K11/200.76 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.76 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£115K09/210.79 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£322.5K06/230.81 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.81 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.81 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.81 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.81 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167.5K11/220.82 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£115K04/210.83 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.83 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2

Local Rents

51 rents from £695/mo to £2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£92504/240 miPooleys Yard, Ipswich, Suffolk, IP22
£97501/250.01 mi-2
£1,00007/240.02 miPooleys Yard, Centrums Court, IP22
£90005/240.11 miGippeswyk Road, Ipswich2
£90005/240.13 miGippeswyk Avenue, Ipswich2
£92503/240.15 mi-2
£92511/240.15 mi-2
£1,10001/240.17 miWentworth House, Burrell Road2
£1,25001/240.17 miWentworth House, Ipswich2
£1,10008/240.18 miRanelagh Road, Ipswich2
£80005/240.18 miBurrell Road, Ipswich, IP22
£90005/240.19 miGippeswyk Road, Ipswich2
£95007/240.19 miReavall Place, Ipswich2
£95007/240.19 miReavall Place, Ipswich2
£88507/240.19 miHolman Court, Ipswich2
£88508/240.19 miHolman Court, Ipswich2
£95007/240.2 miReavell Place, Ipswich2
£1,00005/240.2 miReavell Place, Ipswich2
£95007/240.2 miReavell Place, Ipswich, Suffolk2
£95008/240.2 miReavell Place, Ipswich, Suffolk2
£1,00008/240.2 miReavell Place, IPSWICH2
£1,15004/240.2 miPortman Road, Ipswich, Suffolk, IP12
£86504/240.22 miCompair Crescent, Ipswich2
£98512/240.22 mi-2
£98512/240.22 mi-2
£90007/240.22 miCompair Crescent, Ipswich, IP22
£89505/240.23 miGaskell Place, Ipswich2
£87508/240.23 miGaskell Place, IPSWICH2
£1,15004/250.25 mi-2
£90007/240.26 miBroomwade Close, Ipswich2
£1,10008/240.33 miPhilip Road, IPSWICH2
£2,00003/250.37 mi-2
£1,10007/240.39 miMartin Road, Ipswich, IP22
£82501/240.39 miBelstead Avenue, Ipswich, Suffolk, IP22
£89505/240.4 miWolsey Street, Ipswich2
£87504/240.4 miWolsey Street, Ipaxis2
£98505/240.4 miWolsey Street, Ipswich2
£85002/250.41 mi-2
£87506/240.42 miCullingham Road, Ipswich, IP12
£1,84004/240.43 mi-2
£1,84006/240.43 mi-2
£1,84012/240.43 mi-2
£1,50004/250.43 mi-2
£1,85004/240.43 mi-2
£1,40005/240.43 mi-2
£1,55009/240.43 mi-2
£1,40011/240.43 mi-2
£1,40003/250.43 mi-2
£1,55001/250.43 mi-2
£92505/240.44 miStoke Street, IP2, Ipswich2
£69504/240.44 miPrinces Street, Ipswich, IP12

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

1.11 miles away

Nearest school

0.50 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £118,500

August 23, 2024

Floor Plans

Description

  • No Onward Chain +
  • Close to Station and Town Centre +
  • Open Plan Kitchen, Lounge and Dining Area +
  • Two Bedroom, First Floor Flat +
  • Parking +
  • Balcony +
  • Modern bathroom +
  • Priced for a quick sale +

BELVOIR! are pleased to bring to the market this Two Bedroom, First Floor Apartment situated to the South side of Ipswich, close to Local Shops, Bus Routes, Railway Station and the Town Centre. The accommodation comprises of an Entrance Hall, Open-Plan Lounge / Dining and Kitchen Area. The Kitchen includes White Goods such as Cooker, Fridge/Freezer, Dishwasher and Washer/Dryer. Both Bedrooms are good-sized and the Bathroom provides Shower facilities over-Bath. The property benefits from Electric Heating and Double Glazing throughout and balcony. There is secure underground parking and lift access. The property offers No Onward Chain and would ideally suit first time buyers or a great buy to let investment. PRICED FOR A QUICK SALE _______________________________________________ Accommodation: Entrance hall, with telephone entry system intercom, fitted cupboard with tank. Lounge/diner: 4.60m x 4.36m Double glazed window to side and rear aspect, electric heater, double glazed sliding doors to rear balcony. Kitchen: 2.77m x 2.13m Range of cupboards, drawers and wall cupboards, work tops, fitted cooker, hob and extractor hood, fitted fridge/freezer, dish washer and washer/dryer. Bedroom One: 3.35m x 3.17m Double glazed window to front and side aspect, electric heater and fitted wardrobes. Bedroom Two: 3.09m x 2.74m Double glazed window to side aspect, electric heater. Bathroom: 2.13m x 1.80m Panelled bath with shower over, low level WC, pedestal wash basin, heated towel rail. Outside there is an allocated parking space beneath the building. ____________________________________________________________ Awaiting approval of the particulars from our vendor. Council tax band: B Council tax band amount: £1753 Length of lease 125 Years from 2005 Ground Rent: £300 per year Service charge: £2155.44 per year ____________________________________________________ Disclaimers: At Belvoir Ipswich we endeavour to ensure our sales particulars are accurate and reliable, however, they do not constitute or form part of an offer or contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Belvoir and our partners provide a wide range of services to buyers, although you are free to use an alternative provider. For more information simply speak to one of our team today. We can refer you to The Mortgage Advice Bureau for help with finance. We may receive a fee of up to £250.00, if you decide to take a mortgage through them. If you require a solicitor to handle your purchase, then we can refer you to KMA solicitors. We may receive a fee of £100.00, if you decide to use their services. Whilst our referrals come highly recommended, you are free to use alternative providers throughout the process. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. EPC rating: C. Tenure: Leasehold,

Agent Details

Belvoir, Ipswich

01473 943916

Next Steps?

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