2 Bed Flat, Single Let, Ipswich, IP3 9GN, £140,000

53 Ravenswood Avenue, Ipswich, Suffolk, IP3 9GN - 2 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 7%
66 m²
+6 photos

ValuationUndervalued

Sold Prices£122.5K - £332K
Sold Prices/m²£1.8K/m² - £3.6K/m²

 

 

Square Metres

66 m²
Price/m²£2.1K/m²

Value Estimate

£149,810
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£850 - £1,500

Rent Estimate

£856

Running Costs/mo

£629

Cashflow/mo

£227

Cashflow/yr

£2,728

ROI

7%

Gross Yield

7%

Local Sold Prices

26 sold prices from £122.5K to £332K, average is £143K. £1.8K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£142K03/210.06 mi72, Mansbrook Boulevard, Ipswich, Suffolk IP3 9GJ2
£135K03/210.06 mi82, Mansbrook Boulevard, Ipswich, Suffolk IP3 9GJ2
£143K12/200.09 mi162, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£140K06/210.09 mi92, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£160K04/230.09 mi88, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£150K02/210.09 mi100, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£143K11/210.12 mi43, Ravenswood Avenue, Ipswich, Suffolk IP3 9GG2
£124.5K05/210.19 mi21, Lackford Place, Ipswich, Suffolk IP3 9UQ2
£145K08/210.19 mi99, Hening Avenue, Ipswich, Suffolk IP3 9QJ2
£130K10/210.23 mi9, Sloeberry Road, Ipswich, Suffolk IP3 9UT2
£332K12/220.25 mi30, Witney Close, Ipswich, Suffolk IP3 9QF2
£155K12/200.26 mi15, Fen Bight Circle, Ipswich, Suffolk IP3 9UX2
£122.5K07/210.26 mi7, Fen Bight Circle, Ipswich, Suffolk IP3 9UX2
£165K06/210.27 mi25, Pashford Place, Ipswich, Suffolk IP3 9UL2
£131.5K11/200.27 mi6, Pashford Place, Ipswich, Suffolk IP3 9UL2
£140.5K10/200.27 mi228, Ravenswood Avenue, Ipswich, Suffolk IP3 9TR2
£155K01/230.32 mi10, Demoiselle Crescent, Ipswich, Suffolk IP3 9UE2
£136K12/200.35 mi46, Demoiselle Crescent, Ipswich, Suffolk IP3 9UE2
£172K02/230.5 mi288, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£147.5K11/200.5 mi314, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£175K11/220.5 mi310, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£170K09/220.5 mi306, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£140K06/230.73 mi21, Pearse Way, Purdis Farm, Ipswich, Suffolk IP3 8TF2
£128K11/210.8 mi8, Porter Road, Purdis Farm, Ipswich, Suffolk IP3 8UY2
£143K06/230.82 mi59, Mill Road Drive, Purdis Farm, Ipswich, Suffolk IP3 8UT2
£147.5K06/230.82 mi67, Mill Road Drive, Purdis Farm, Ipswich, Suffolk IP3 8UT2

Local Rents

11 rents from £850/mo to £1.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£87501/240.05 miMansbrook Boulevard, Ipswich, Suffolk2
£95004/240.09 miAlnesbourn Crescent, IPSWICH2
£85004/240.19 miHening Avenue, IP32
£90012/240.24 mi-2
£87506/240.24 miRavenswood2
£1,50004/240.25 miWitney Close, Ipswich2
£98012/240.25 mi-2
£98012/240.25 mi-2
£85005/240.32 miDemoiselle Crescent, Ravenswood, Ipswich, IP32
£99512/240.32 mi-2
£90003/240.32 mi-2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

2.45 miles away

Nearest school

0.30 miles away

Nearest train station

1.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £140,000

September 23, 2024

Sold for £99,000

2004

Floor Plans

Description

  • Two Bedroom Second Floor Apartment +
  • Garage & Visitors Parking +
  • Desirable Ravenswood Location +
  • Range Of Local Amenities +
  • Ease Of Access To A14/A12 & Transport Links +
  • No Onward Chain +

Situated within the desirable Ravenswood development is this spacious and well-presented two bedroom second floor apartment which benefits from garage as well as being offered with NO ONWARD CHAIN.

The property comprises entrance hall offering two storage cupboards, spacious reception room with juliet balcony overlooking the green, fully fitted kitchen modern kitchen, spacious master bedroom offering both built-in wardrobe space and juliet balcony also with views over the green, further second spacious double bedroom and modern family bathroom comprising three piece suite and shower over bath.

The property benefits from residents parking in car park to the rear and also has the benefit of garage.

The Ravenswood development offers good access to the A14, as well as being conveniently located for a range of shops, supermarkets and restaurants. 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 further information please contact the SALES team at LEADERS.

Agent Details

Leaders Sales, Ipswich

01473 943818

Next Steps?

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