2 Bed Flat, Single Let, Ipswich, IP1 2BF, £125,000

Firmin Close, Ipswich, IP1 2BF - 7 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£64K - £320K
Sold Prices/m²£1.7K/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£148,067
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£695 - £1,850

Rent Estimate

£844

Running Costs/mo

£579

Cashflow/mo

£265

Cashflow/yr

£3,175

ROI

8%

Gross Yield

8%

Local Sold Prices

44 sold prices from £64K to £320K, average is £129K. £1.7K/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£142K05/230.04 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£139K11/220.25 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£150K10/220.28 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£123.5K10/200.29 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.29 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£137.5K10/220.29 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£121K05/210.29 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K05/210.29 mi46, Holman Court, Ipswich, Suffolk IP2 0ES2
£132.5K02/210.29 mi6, Holman Court, Ipswich, Suffolk IP2 0ES2
£120K02/230.29 mi34, Holman Court, Ipswich, Suffolk IP2 0ES2
£110K12/200.3 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£130K11/220.31 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£121K05/210.31 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K12/220.33 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£137K12/210.33 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£127K09/210.33 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.33 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.33 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£120K11/200.33 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.33 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£105K11/210.33 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£115K09/210.38 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£64K03/230.5 miFlat 510, The Spectrum, Dunlop Road, Ipswich, Suffolk IP2 0UJ2
£150K02/210.54 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.54 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.54 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.54 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£161K09/210.56 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£115K04/210.56 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.56 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£190.5K09/210.62 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£167.5K11/220.67 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£127.8K03/210.68 mi64, Fulham Way, Ipswich, Suffolk IP1 4FD2
£137.5K04/230.8 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£108K11/210.8 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£120K01/230.82 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£123.5K04/210.92 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£320K04/210.93 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£115K08/210.94 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.94 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£160K05/230.95 mi35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ2
£135K11/210.97 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K12/201 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/221 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2

Local Rents

52 rents from £695/mo to £1.9K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£1,84004/240 mi-2
£1,84006/240 mi-2
£1,84012/240 mi-2
£1,50004/250 mi-2
£1,85004/240 mi-2
£1,40005/240 mi-2
£1,55009/240 mi-2
£1,40011/240 mi-2
£1,40003/250 mi-2
£1,55001/250 mi-2
£85002/250.02 mi-2
£87506/240.04 miCullingham Road, Ipswich, IP12
£86003/240.09 mi-2
£80006/240.11 miLondon Road, Ipswich2
£77504/240.14 miLondon Road, Ipswich, IP12
£1,10011/240.16 mi-2
£1,10011/240.16 mi-2
£95005/240.17 miBurlington Road, Ipswich2
£85006/240.21 mi25 Elm Street, Ipswich, IP12
£69512/230.24 mi-2
£89505/240.25 miGaskell Place, Ipswich2
£87508/240.25 miGaskell Place, IPSWICH2
£1,00005/240.25 miReavell Place, Ipswich2
£95007/240.25 miReavell Place, Ipswich, Suffolk2
£95008/240.25 miReavell Place, Ipswich, Suffolk2
£1,00008/240.25 miReavell Place, IPSWICH2
£95007/240.25 miReavell Place, Ipswich2
£90003/240.26 miBulwer Road, Ipswich, Suffolk, IP12
£90007/240.26 miBroomwade Close, Ipswich2
£98512/240.27 mi-2
£98512/240.27 mi-2
£95007/240.28 miReavall Place, Ipswich2
£95007/240.28 miReavall Place, Ipswich2
£85004/240.28 miRendlesham Road, Ipswich2
£86504/240.28 miCompair Crescent, Ipswich2
£90007/240.29 miCompair Crescent, Ipswich, IP22
£88507/240.29 miHolman Court, Ipswich2
£88508/240.29 miHolman Court, Ipswich2
£89504/240.3 miYeoman Close, Ipswich, IP12
£87505/240.3 miYeoman Close, Ipswich, IP12
£85004/240.31 miRendlesham Road, IP12
£85012/240.32 mi-2
£1,10008/240.32 miRanelagh Road, Ipswich2
£90004/240.33 miRendlesham Road, Ipswich, Suffolk, IP12
£87512/240.33 mi-2
£92503/240.34 mi-2
£92511/240.34 mi-2
£1,15012/240.37 mi-2
£1,80004/250.37 mi-2
£1,15004/240.39 miPortman Road, Ipswich, Suffolk, IP12
£85004/240.41 miAnn Street, Ipswich, IP12
£90005/240.41 miAnn Street, Ipswich, IP12

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.21 miles away

Nearest school

0.30 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Price changed to £125,000

December 27, 2024

Listed for £130,000

September 18, 2024

Floor Plans

Description

  • TWO BEDROOM APARTMENT +
  • FITTED KITCHEN +
  • ALLOCATED PARKING +
  • LOUNGE/DINER +
  • DOUBLE GLAZING & CENTRAL HEATING +
  • EDGE OF TOWN CENTRE LOCATION AND CLOSE TO MANY AMENITIES +

SUMMARY
Located to the edge of the Town Centre you will find this two bedroom first floor apartment conveniently located close to many amenities and further benefits from a fitted Kitchen and Allocated Parking. A early viewing is highly recommended to appreciate the size of the accommodation on offer.

DESCRIPTION
Connells are pleased to offer this two bedroom first floor apartment situated on the edge of Ipswich town centre benefiting from being within easy access of a variety of amenities including local shopping facilities, retail park and public transport links.
The property has a fitted kitchen, lounge/diner, double glazing, central heating and allocated parking.
Ipswich has a cutting-edge theatre and arts scene, many schooling facilities, cosy Suffolk pubs, and a vibrant community of independent stores. Ipswich also has the benefit of being home to a mainline railway station that gives direct access into London Liverpool Street, Cambridge, Norwich and many more destinations.
It also benefits from a rejuvenated waterfront Marina which boasts many restaurants, bars and cafes.

Entrance Door 
Communal entrance hall accessed via security entrance door and stairs rising to the apartment.

Entrance Hall 
Entrance via entrance door, radiator, storage cupboard, security entrance phone and doors too:

Lounge/Diner 15' x 12' 7" ( 4.57m x 3.84m )
Upvc double glazed window to the front, radiator, smooth ceiling and door giving access too:

Kitchen 10' 5" x 8' 7" ( 3.17m x 2.62m )
Upvc double glazed window to the front, radiator, wood effect flooring, space for fridge/freezer. Space and plumbing for washing machine, single drainer stainless steel sink inset into a roll edge work surface with cupboards and draws under and matching above. Wall mounted boiler, built in oven, built in hob with filter hood over, tiled splash backs and smooth ceiling.

Bedroom One 11' 9" x 9' ( 3.58m x 2.74m )
Upvc double glazed window to the rear, radiator, built in double wardrobes and smooth ceiling.

Bedroom Two 11' 10" x 7' 6" ( 3.61m x 2.29m )
Upvc double glazed window to the side, radiator and smooth ceiling.

Family Bathroom 
Upvc double glazed window to the rear, radiator, low level wc, pedestal wash hand basin, shaped and panel bath with mixer tap and shower attachment and part tiled walls.

Outside 
Outside the property benefits from an allocated parking space.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Ipswich

01473 943139

Next Steps?

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