2 Bed Flat, Single Let, Ipswich, IP4 1FZ, £250,000

Key Street, Ipswich, Suffolk, IP4 1FZ - 7 months ago

Leasehold
BTL
~71 m²
+8 photos

ValuationOvervalued

Sold Prices£108K - £322.5K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~71 m²
Price/m²£3.5K/m²

Value Estimate

£157,126

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Total Cash In

£78,700

 

 

Cash Out

 

Rent Range

£492 - £4,000

Rent Estimate

£800

Running Costs/mo

£961

Cashflow/mo

£-161

Cashflow/yr

£-1,935

Gross Yield

4%

Local Sold Prices

50 sold prices from £108K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£320K04/210.14 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£108K11/210.18 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£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
£137.5K04/230.26 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£150K02/210.3 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.3 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.3 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.3 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£161K09/210.32 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£151.5K12/200.35 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£140K11/210.39 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£115K08/210.39 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£133K09/220.4 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£140K12/220.4 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.4 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125.5K05/210.4 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£134K10/220.41 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£120K04/210.41 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.41 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.41 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.41 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.41 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£138.5K10/220.41 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K10/220.42 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£130K02/230.42 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.42 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.42 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£135K04/230.43 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.43 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£135K11/210.44 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£125K06/210.44 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£114K01/230.45 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£147K10/220.47 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.47 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£110K10/210.51 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£110K12/200.53 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.53 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£120K01/230.55 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£153.5K12/220.6 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£123.5K04/210.62 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£190.5K09/210.62 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£135K03/230.64 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£142K02/230.68 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£167.5K11/220.68 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£137K12/210.7 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.71 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2

Local Rents

51 rents from £492/mo to £4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,60004/240.01 miKey Street, The Winerack Key Street, IP42
£1,60004/240.01 miThe Winerack, Penthouse Apartment2
£1,10006/240.01 miKey Street, IPSWICH2
£1,30009/240.01 miKey Street, IPSWICH2
£1,45006/240.01 miWinerack Apartments, Key Street, Ipswich2
£1,00001/240.02 miKey Street, Ipswich2
£1,10005/240.02 miThe Winerack, Ipswich2
£1,15009/240.02 miThe Winerack, Key Street, Ipswich2
£1,25008/240.02 miThe Shamrock, Ipswich2
£85007/240.03 miThe Mill, College Street, Ipswich, Suffolk, IP42
£1,20004/240.04 mi-2
£1,27501/250.04 mi-2
£1,12501/240.06 mi44 The Cambria, Regatta Quay, Key Street, Ipswich, Suffolk, IP42
£1,25007/240.06 miThe Cambria, Quay Street, Ipswich, IP42
£1,25007/240.06 miThe Cambria, Quay Street, Ipswich, IP42
£4,00011/240.06 mi-2
£4,00011/240.06 mi-2
£1,00004/240.06 miThe Winerack, Key Street, Ipswich2
£1,20007/240.06 miThe Winerack, Key Street, Ipswich2
£1,00007/240.06 miThe Winerack, Key Street, Ipswich2
£1,15007/240.06 miThe Winerack, Key Street, Ipswich2
£1,09508/240.06 miThe Cambria, Key Street, Ipswich2
£1,05008/240.06 miThe Winerack, Key Street, Ipswich2
£1,00004/240.07 miFoundry The Mill, College Street, Ipswich2
£95008/240.07 miCranfield Mill, College Street, Ipswich2
£1,05004/240.07 miCollege Street, IPSWICH2
£89506/240.1 miThe Mill2
£98508/240.12 miStoke Quay, Ipswich2
£98509/240.12 miStoke Quay, Ipswich2
£80004/240.12 miStokebridge Maltings, Ipswich, IP22
£1,00007/240.14 miStoke Quay, IP22
£95008/240.14 miStoke Quay, Ipswich, IP22
£2,69506/240.17 miLower Brook Street, Ipswich2
£95001/240.17 miLower Orwell Street, Ipswich, IP42
£53210/240.17 mi-2
£49204/240.17 mi-2
£52706/240.18 mi-2
£92505/240.2 miStoke Street, IP2, Ipswich2
£89504/240.2 miFoundation Street, Ipswich, IP42
£89504/240.2 miFoundation Street, Ipswich, IP42
£1,05008/240.2 miFoundation Street, IPSWICH2
£90004/240.2 miSt. Peters Street, Ipswich, IP12
£97505/240.2 miFoundation Street, Ipswich2
£80001/240.21 miFore Street, Ipswich, Suffolk, IP42
£1,15001/240.22 miNeptune Square, Ipswich, IP42
£1,20007/240.22 miNeptune Square, Ipswich, IP42
£95008/240.22 miNeptune Square, Ipswich, IP42
£90004/240.22 miAustin Street, Ipswich, Suffolk2
£90005/240.22 miAustin Street, Ipswich, Suffolk2
£90006/240.22 miAustin Street, Ipswich, Suffolk2
£1,32504/240.22 miNeptune Square, Ipswich2

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.56 miles away

Nearest school

0.40 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £250,000

January 11, 2025

Listed for £260,000

September 5, 2024

Floor Plans

Description

  • Genuine Panoramic Views of Ipswich Waterfront +
  • South Facing Balcony +
  • 2 Bedroom Apartment +
  • Fantastic Condition Through out +
  • Allocated Parking +
  • No Onward Chain +

* GUIDE PRICE £250,000 - £260,000 *

Situated along Ipswich waterfront in the fantastic Winerack Development, just a stone’s throw from the Town Centre and Train Station is this spacious and beautifully presented two bedroom third floor apartment. Offered with NO ONWARD CHAIN.

The property comprises of entrance hall, large storage cupboard with enough space for a handy washing machine. Moving through the apartment you will find a very spacious reception room offering access to the south facing balcony with stunning views across Ipswich waterfront the balcony also has enough space for seating area. Modern fully fitted kitchen in a glossy white giving the apartment plenty of light. Spacious master bedroom again offering access to the balcony as well as a beautifully presented marble ensuite. Further second double bedroom and lastly a modern marble bathroom comprising three piece suite.

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 contact the SALES team at LEADERS.

Agent Details

Leaders Sales, Ipswich

01473 943818

Next Steps?

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