2 Bed Flat, Single Let, Ipswich, IP2 8EU, £135,000

Dock Street, Ipswich, Suffolk, IP2 8EU - 2 views - 7 months ago

Leasehold
BTL
ROI: 6%
~66 m²
+9 photos

ValuationUndervalued

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

 

 

Square Metres

~66 m²
Price/m²£2K/m²

Value Estimate

£143,478
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£492 - £4,000

Rent Estimate

£798

Running Costs/mo

£601

Cashflow/mo

£197

Cashflow/yr

£2,358

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £108K to £322.5K, average is £134.5K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£108K11/210.08 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£320K04/210.14 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£137.5K04/230.16 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£150K02/210.28 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.28 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.28 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.28 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£322.5K06/230.31 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.31 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.31 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.31 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.31 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£161K09/210.33 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£135K11/210.36 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£151.5K12/200.42 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£110K10/210.43 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£110K12/200.45 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.45 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£120K01/230.45 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£140K11/210.46 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£140K12/220.47 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.47 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£133K09/220.48 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£125.5K05/210.48 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£138.5K10/220.48 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£115K08/210.49 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£120K04/210.49 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.49 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.49 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.49 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.49 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K10/220.49 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£130K02/230.5 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.5 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.5 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K10/220.5 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£135K04/230.51 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.51 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£125K06/210.52 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£114K01/230.52 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£123.5K04/210.52 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£190.5K09/210.52 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£153.5K12/220.52 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£147K10/220.54 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.54 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£137K12/210.62 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£127K09/210.64 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.64 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.64 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£130K11/220.66 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2

Local Rents

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

RentDateDistanceAddressBeds 
£80004/240.03 miStokebridge Maltings, Ipswich, IP22
£95008/240.08 miCranfield Mill, College Street, Ipswich2
£1,05004/240.08 miCollege Street, IPSWICH2
£1,00004/240.08 miFoundry The Mill, College Street, Ipswich2
£85007/240.09 miThe Mill, College Street, Ipswich, Suffolk, IP42
£1,60004/240.09 miThe Winerack, Penthouse Apartment2
£92505/240.1 miStoke Street, IP2, Ipswich2
£89506/240.1 miThe Mill2
£1,00001/240.11 miKey Street, Ipswich2
£1,10005/240.11 miThe Winerack, Ipswich2
£1,15009/240.11 miThe Winerack, Key Street, Ipswich2
£1,60004/240.11 miKey Street, The Winerack Key Street, IP42
£1,10006/240.11 miKey Street, IPSWICH2
£1,30009/240.11 miKey Street, IPSWICH2
£1,45006/240.11 miWinerack Apartments, Key Street, Ipswich2
£98508/240.11 miStoke Quay, Ipswich2
£98509/240.11 miStoke Quay, Ipswich2
£1,25008/240.12 miThe Shamrock, Ipswich2
£1,00007/240.14 miStoke Quay, IP22
£95008/240.14 miStoke Quay, Ipswich, IP22
£1,20004/240.14 mi-2
£1,27501/250.14 mi-2
£90004/240.14 miAustin Street, Ipswich, Suffolk2
£90005/240.14 miAustin Street, Ipswich, Suffolk2
£90006/240.14 miAustin Street, Ipswich, Suffolk2
£1,12501/240.16 mi44 The Cambria, Regatta Quay, Key Street, Ipswich, Suffolk, IP42
£1,25007/240.16 miThe Cambria, Quay Street, Ipswich, IP42
£1,25007/240.16 miThe Cambria, Quay Street, Ipswich, IP42
£4,00011/240.16 mi-2
£4,00011/240.16 mi-2
£1,00004/240.17 miThe Winerack, Key Street, Ipswich2
£1,20007/240.17 miThe Winerack, Key Street, Ipswich2
£1,00007/240.17 miThe Winerack, Key Street, Ipswich2
£1,15007/240.17 miThe Winerack, Key Street, Ipswich2
£1,09508/240.17 miThe Cambria, Key Street, Ipswich2
£1,05008/240.17 miThe Winerack, Key Street, Ipswich2
£2,60005/240.2 mi-2
£90004/240.21 miSt. Peters Street, Ipswich, IP12
£82508/240.22 miPauline Street, Ipswich, IP22
£2,69506/240.22 miLower Brook Street, Ipswich2
£90004/240.24 miHartley Street, Ipswich, Suffolk, IP22
£79506/240.24 miShelley Street, Ipswich, IP22
£1,10004/240.25 mi-2
£49204/240.26 mi-2
£1,00001/240.26 miHartley Street, Ipswich2
£53210/240.26 mi-2
£95001/240.27 miLower Orwell Street, Ipswich, IP42
£1,15004/250.27 mi-2
£52706/240.28 mi-2
£2,00003/250.28 mi-2
£98505/240.28 miWolsey Street, Ipswich2

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

0.66 miles away

Nearest school

0.40 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £135,000

September 25, 2024

Floor Plans

Description

  • No Onward Chain +
  • Waterfront Location +
  • Balcony with Views Across River Orwell +
  • Second Floor Apartment +
  • Two Bedrooms +
  • One Allocated Parking Space +

Beautifully located on the waterfront in Ipswich adjacent to Stoke Bridge and within walking distance of the train station, town centre and Ipswich Town premier league football ground, lies this two bedroom second floor apartment which comes with a balcony overlooking the River Orwell, one allocated parking space, and is being sold with no onward chain. The accommodation on offer comprises entrance hall, lounge with balcony offering views across the River Orwell, kitchen, two bedrooms, and bathroom.

LEASE INFORMATION:-
Service charge: £2,168
Ground rent: n/a
Lease: 151 years remaining

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 Suffolk.

Council tax band: B
EPC Rating: C

Agent Details

Palmer & Partners, Suffolk

01473 211705

Next Steps?

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