2 Bed Flat, Single Let, Ipswich, IP1 5BW, £110,000

Dandalan Close, Ipswich, IP1 5BW - 3 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 10%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£64K - £148K
Sold Prices/m²£1.6K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£137,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£750 - £1,700

Rent Estimate

£800

Running Costs/mo

£524

Cashflow/mo

£276

Cashflow/yr

£3,315

ROI

10%

Gross Yield

9%

Local Sold Prices

20 sold prices from £64K to £148K, average is £126.9K. £1.6K/m² to £2.7K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£147.5K04/230.22 mi46, Hyperion Court, Ipswich, Suffolk IP1 5AJ2
£145K12/220.24 mi107, Saturn Road, Ipswich, Suffolk IP1 5PS2
£147K12/220.24 mi9, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£148K06/230.24 mi21, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£132.5K07/210.24 mi25, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£132.5K07/230.24 mi27, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£145K01/230.27 mi133, Saturn Road, Ipswich, Suffolk IP1 5PS2
£130K01/230.27 mi101, Saturn Road, Ipswich, Suffolk IP1 5PS2
£127.8K03/210.31 mi64, Fulham Way, Ipswich, Suffolk IP1 4FD2
£120K08/210.31 mi5, Spinner Close, Ipswich, Suffolk IP1 5RA2
£126K11/200.51 mi516, Bramford Lane, Ipswich, Suffolk IP1 5JY2
£64K03/230.61 miFlat 510, The Spectrum, Dunlop Road, Ipswich, Suffolk IP2 0UJ2
£120K11/200.63 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.63 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£110K12/200.66 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£115K04/210.71 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.71 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K09/210.75 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£105K11/210.83 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£142K05/230.96 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2

Local Rents

36 rents from £750/mo to £1.7K/mo, average is £963/mo.

RentDateDistanceAddressBeds 
£80006/240.08 miBramford Road, Ipswich, Suffolk, IP12
£89501/240.11 mi-2
£1,40005/240.11 mi-2
£1,55008/240.11 mi-2
£1,70011/240.11 mi-2
£1,70012/240.11 mi-2
£1,40012/240.11 mi-2
£1,70001/250.11 mi-2
£87502/240.12 mi-2
£79504/240.14 miSproughton Road, East Ipswich, Ipswich, IP12
£85004/240.16 miSaturn Road, Ipswich2
£87504/240.17 miWallace Road, Off Bramford Road, Ipswich, IP12
£87505/240.17 miWallace Road, Off Bramford Road, Ipswich, IP12
£87506/240.17 miWallace Road, Off Bramford Road, Ipswich, IP12
£1,20009/230.19 mi-2
£90005/240.21 miIpswich, Suffolk2
£1,10012/240.22 mi-2
£85002/240.24 mi-2
£85002/240.24 mi-2
£1,20006/240.31 miMimas Way, Ipswich IP12
£1,20004/240.31 miMimas Way, IPSWICH2
£1,20005/240.31 miMimas Way, IP12
£1,20005/240.31 miMimas Way, IP12
£95005/240.34 miBramford Lane, Ipswich, IP12
£1,20001/240.34 mi-2
£92504/240.37 miWestbourne Road, Ipswich, IP12
£90004/240.38 miBramford Lane, Ipswich, Suffolk, IP12
£99503/240.38 mi-2
£99506/240.44 miBramford Lane, IPSWICH2
£97504/240.46 miKitchener Road, Ipswich2
£90002/240.48 miBramford Road, Ipswich2
£99504/240.54 miBeaconsfield Road, IPSWICH2
£92505/240.56 miBeaconsfield Road, IPSWICH2
£1,09507/240.56 mi-2
£80004/240.6 miNorwich Road, Ipswich, Suffolk, IP12
£75008/240.61 miDunlop Road, Ipswich2

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

2.01 miles away

Nearest school

0.30 miles away

Nearest train station

1.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £110,000

August 31, 2024

Floor Plans

Description

  • Two Bedrooms +
  • Garage In Block +
  • Double Glazed Windows +
  • Gas Central Heating +
  • Good Access to A14 +
  • MUST BE VIEWED +

This top-floor two-bedroom flat, located in the West of Ipswich, offers both comfort and convenience, making it an ideal home for professionals, small families, or investors. Upon entering the property, you are greeted by a bright and airy atmosphere that flows throughout. The spacious lounge is the heart of the home, providing ample space for relaxation and entertainment. Its generous size allows for flexible living arrangements, whether you prefer a cozy night in or hosting guests.

The flat features two well-proportioned bedrooms, both filled with natural light, offering a tranquil retreat at the end of the day. Each bedroom is designed with comfort in mind, with enough space to accommodate large beds and additional furniture. The kitchen is practical and functional, equipped with modern fittings and offering plenty of storage and workspace for those who enjoy cooking. The bathroom is sleek and well-maintained, featuring contemporary fixtures.

A key benefit of the property is the allocated parking space, ensuring secure and convenient parking at all times. Additionally, the flat comes with a private garage, providing extra storage space or further parking options. Being on the top floor, the flat enjoys the advantages of added privacy and quiet, as well as potential views over the surrounding area.

Situated in a desirable part of Ipswich, the property is within easy reach of local amenities, schools, and transport links, making it a highly sought-after location. This is a fantastic opportunity to own a comfortable, well-presented home in a vibrant and convenient area.

Agent Details

haart, Ipswich

01473 943783

Next Steps?

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