2 Bed Flat, Single Let, Ipswich, IP3 8EQ, £130,000

3 Alan Road, Ipswich, Suffolk, IP3 8EQ - 7 months ago

Leasehold
BTL
ROI: 7%
116 m²
+8 photos

ValuationUndervalued

Sold Prices£98K - £322.5K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

116 m²
Price/m²£1.1K/m²

Value Estimate

£159,900
BMV23%

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

£795 - £1,250

Rent Estimate

£800

Running Costs/mo

£586

Cashflow/mo

£214

Cashflow/yr

£2,565

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £98K to £322.5K, average is £133.5K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£155K07/230.32 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£180K05/210.35 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£135K05/230.36 mi18, Provan Court, Ipswich, Suffolk IP3 8GG2
£121K02/210.36 mi64, Provan Court, Ipswich, Suffolk IP3 8GG2
£130K10/210.36 mi66, Provan Court, Ipswich, Suffolk IP3 8GG2
£130K06/210.36 mi50, Provan Court, Ipswich, Suffolk IP3 8GG2
£125K04/210.36 mi90, Provan Court, Ipswich, Suffolk IP3 8GG2
£147K10/220.42 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.42 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£114K01/230.45 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£125K06/210.46 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£130K10/220.48 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£130K02/230.48 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.48 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.48 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£135K04/230.48 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.48 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£138.5K10/220.49 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£125.5K05/210.49 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.5 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.5 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£120K04/210.5 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.5 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.5 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.5 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.5 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£140K11/210.51 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£133K09/220.51 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£142K02/230.54 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£151.5K12/200.55 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£322.5K06/230.7 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.7 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.7 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.7 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.7 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£120K12/220.71 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£98K03/210.78 mi120, Britannia Road, Ipswich, Suffolk IP4 5JU2
£220K03/210.83 mi6, Starfield Close, Ipswich, Suffolk IP4 5JQ2
£320K04/210.84 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£125K04/230.84 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.84 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.84 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£115K08/210.92 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.93 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£146.5K01/230.93 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.93 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£108K11/210.98 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£130K04/210.99 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.99 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.99 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2

Local Rents

51 rents from £795/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,15002/250.01 mi-2
£97001/250.1 mi-2
£1,09504/240.16 miYork Road, Ipswich, Suffolk, IP32
£1,20004/240.16 mi-2
£1,15002/250.16 mi-2
£95005/240.19 miLevington Road, Ipswich, Suffolk, IP32
£97503/250.25 mi-2
£1,20006/240.3 miFoxhall Road2
£90003/250.31 mi-2
£87505/240.31 miMitre Way, Ipswich2
£87504/240.35 miBull Road, Ipswich, IP32
£89505/240.36 miProvan Court, Off Foxhall Road, Ipswich, IP32
£92508/240.38 miWellesley Road, Ipswich, IP42
£99504/240.4 miFoxhall Road, Ipswich, Suffolk2
£97504/240.4 miFoxhall Road, IP32
£97505/240.4 miFoxhall Road, Ipswich, Suffolk2
£90006/240.41 miCauldwell Hall Road, Ipswich2
£99505/240.42 miPrentice Way, Ipswich2
£1,10012/240.42 mi-2
£90011/240.42 mi-2
£79504/240.43 miDarwin Road, Ipswich, IP42
£89508/240.44 miRosebery Road, Ipswich, Suffolk, UK, IP42
£95004/240.45 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£87501/240.46 miTye Road, Ipswich, Suffolk, IP32
£1,00004/240.46 miWellesley Road, Ipswich, Suffolk, IP42
£90006/240.47 miTennyson Road, Ipswich, Suffolk, UK, IP42
£92507/240.47 miTennyson Road, Ipswich, Suffolk, UK, IP42
£88505/240.47 miIsham Place, Ipswich2
£87506/240.48 miHope Court, Modus2
£85005/240.48 miIsham Place, Ipswich, Suffolk, IP32
£97512/240.49 mi-2
£95012/240.5 mi-2
£82504/240.5 miTennyson Road, Ipswich, Suffolk, IP42
£85001/240.52 miPownall Road, Ipswich, Suffolk, IP32
£89512/240.52 mi-2
£90005/240.54 miDover Road, Ipswich2
£1,25012/240.54 mi-2
£1,10005/240.54 miAnchor Street, Ipswich2
£1,10012/240.55 mi-2
£1,15008/240.55 miFinbars Walk, Ipswich, Suffolk, IP42
£1,15001/240.55 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.55 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£79509/240.55 miCauldwell Hall Road, Ipswich, Suffolk, UK, IP42
£1,20012/240.55 mi-2
£1,20012/240.55 mi-2
£80012/240.56 miFore Hamlet, Ipswich2
£80007/240.56 miFinbars Walk, Ipswich2
£85008/240.56 miFinbars Walk, Ipswich2
£95001/240.56 miAnchor Street, Ipswich2
£1,10005/240.57 miPatteson Road, Ipswich2
£1,10005/240.57 miPatteson Road, IPSWICH2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.73 miles away

Nearest school

0.20 miles away

Nearest train station

0.31 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 23, 2024

Sold for £32,000

1996

Floor Plans

Description

  • Investment Opportunity +
  • Two Double Bedrooms +
  • First Floor +
  • Unique Turret Style Living Room +
  • Well Presented +
  • Allocated Parking +
  • Popular Location +

WELL PRESENTED two bedroom first floor apartment for sale in East Ipswich, close to Ipswich Hospital. Large turret style living room with windows to several aspects, small fitted kitchen, two double bedrooms, bathroom with separate shower, secure entry and off road parking.

Located at the Felixstowe Road junction with easy access to Ipswich town center and waterfront, and with several local amenities within walking distance.

Stairs access to property leads to long entrance hallway with large master bedroom off to left hand side. Ample space for all bedroom furniture and window with outlook to side of the property. Along the hallway is the bathroom with separate shower cubicle and bath, wash basin and toilet. The second double bedroom is an unusual yet functional triangular shape with window overlooking the front of the property.

The end of the hallway opens out in to a large turret style living/dining room with sash style windows to 5 aspects. The small fitted kitchen is tucked away to the left hand side and includes integrated electric oven, hob and extractor.

Electric heating, double glazed throughout, allocated resident parking to rear.

Annual Service Charge £1313.73
No Ground Rent Charges Applicable
105 years remaining on lease

Approx room measurements:
Bedroom One: 13`4 x 6`5
Bedroom Two: 9` x 13`8 x 14` (triangle shaped)
Living/Dining Room: 15`2 x 19`9
Kitchen: 6`4 x 7`1
Bathroom: 6`1 x 7`3

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Riverdale Estates Ltd, Ipswich

01473 217600

Next Steps?

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