2 Bed Flat, Single Let, Ipswich, IP3 0DR, £130,000

64 Pownall Road, Ipswich, Suffolk, IP3 0DR - 3 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 7%
68 m²
+11 photos

ValuationUndervalued

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

 

 

Square Metres

68 m²
Price/m²£1.9K/m²

Value Estimate

£146,552
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£816

Running Costs/mo

£589

Cashflow/mo

£227

Cashflow/yr

£2,719

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£133K09/220.01 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.01 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.01 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.01 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.01 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.01 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K04/230.03 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.03 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£130K02/230.04 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.04 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.04 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£125.5K05/210.04 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.05 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.05 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125K06/210.06 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£138.5K10/220.06 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£151.5K12/200.07 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£114K01/230.07 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£130K10/220.07 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£140K11/210.08 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£147K10/220.11 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.11 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£322.5K06/230.19 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.19 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.19 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.19 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.19 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£142K02/230.37 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£320K04/210.38 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£115K08/210.46 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.47 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£108K11/210.52 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£180K05/210.55 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
£135K03/230.62 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£125K04/230.64 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.64 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.64 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£146.5K01/230.65 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.65 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£135K11/210.66 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£161K09/210.68 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£150K02/210.69 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.69 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.69 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.69 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£110K10/210.7 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£120K12/220.7 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£148.5K10/200.7 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2

Local Rents

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

RentDateDistanceAddressBeds 
£95012/240.01 mi-2
£85001/240.01 miPownall Road, Ipswich, Suffolk, IP32
£89512/240.02 mi-2
£85005/240.04 miIsham Place, Ipswich, Suffolk, IP32
£88505/240.04 miIsham Place, Ipswich2
£80012/240.05 miFore Hamlet, Ipswich2
£87506/240.07 miHope Court, Modus2
£82501/240.08 miFore Hamlet, Ipswich2
£95004/240.09 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£99504/240.1 miNeptune Marina, Ipswich, IP32
£1,05005/240.1 miCoprolite Street, Ipswich2
£87501/240.1 miTye Road, Ipswich, Suffolk, IP32
£1,20010/240.1 mi-2
£1,20010/240.1 mi-2
£1,10004/240.11 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£97505/240.11 miCoprolite Street, Ipswich2
£1,20012/240.19 mi-2
£1,20012/240.19 mi-2
£1,20001/240.19 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.19 miNeptune Square, Ipswich2
£1,20007/240.19 miNeptune Square, Ipswich, IP42
£1,25008/240.19 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.19 miNeptune Square, Ipswich, Suffolk, IP42
£85012/240.19 mi-2
£1,15001/240.19 miNeptune Square, Ipswich, IP42
£1,20007/240.19 miNeptune Square, Ipswich, IP42
£95008/240.19 miNeptune Square, Ipswich, IP42
£87505/240.2 miMitre Way, Ipswich2
£95001/240.2 miAnchor Street, Ipswich2
£90003/250.21 mi-2
£1,25012/240.21 mi-2
£1,10005/240.23 miAnchor Street, Ipswich2
£80001/240.23 miFore Street, Ipswich, Suffolk, IP42
£1,10012/240.23 mi-2
£1,15001/240.24 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.24 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£1,10005/240.26 miPatteson Road, Ipswich2
£1,10005/240.26 miPatteson Road, IPSWICH2
£80005/240.27 miGrimwade Street, Ipswich2
£1,00004/240.29 miRope Walk, Ipswich2
£1,10012/240.29 mi-2
£75005/240.29 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.29 miStar Lane, Ipswich, Suffolk, IP42
£87508/240.3 miStar Lane, Ipswich, Suffolk, UK, IP42
£1,00004/240.3 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£99504/240.31 miFoxhall Road, Ipswich, Suffolk2
£97504/240.31 miFoxhall Road, IP32
£97505/240.31 miFoxhall Road, Ipswich, Suffolk2
£85009/240.31 miOxford Road, IPSWICH2
£90007/240.34 miSt Helens Street, Ipswich2
£4,00011/240.35 mi-2
£4,00011/240.35 mi-2
£1,00004/240.35 miThe Winerack, Key Street, Ipswich2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.38 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 £130,000

September 6, 2024

Sold for £128,000

2021

Sold for £138,000

2007

Floor Plans

Description

  • No Onward Chain +
  • First Floor Apartment +
  • Two Double Bedrooms +
  • Bathroom & En-Suite Shower Room +
  • Two Parking Permits +
  • Ideal First Time/Investment Purchase +

This two bedroom first floor apartment is situated on a sought after development in the heart of Ipswich town centre just a few minutes’ walk from the waterfront and University. The apartment is being sold with no onward chain; comes with two parking permits, access to the communal gardens and bike shed; and would make an ideal first time / investment purchase. The accommodation comprises entrance hall; lounge with Juliet balcony; kitchen; bathroom; and two double bedrooms, one of which has an en-suite shower room.

Leasehold information:
Lease – 125 years from 24.6.2006
Ground rent - £250 per annum
Service charge – approximately £1,200 per annum

The county town of Ipswich offers a range of local amenities including schools, university, shops, doctors, dental surgeries, hospital, two theatres, parks including the popular Orwell Country Park, recreational facilities, and mainline railway station providing direct links to London Liverpool Street Station. The vibrant waterfront has undergone an extensive rebuilding and gentrification programme and now boasts some fashionable bars and restaurants, together with the University of Suffolk.

Council tax band: B
EPC Rating: B

Agent Details

Palmer & Partners, Suffolk

01473 211705

Next Steps?

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