2 Bed Flat, Single Let, Ipswich, IP2 0AR, £120,000

Pooleys Yard, Ipswich, IP2 0AR - 6 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£55K - £322.5K
Sold Prices/m²£1.7K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£145,200
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£695 - £2,000

Rent Estimate

£838

Running Costs/mo

£563

Cashflow/mo

£275

Cashflow/yr

£3,305

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55K to £322.5K, average is £133.8K. £1.7K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£137K12/210.13 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£127K09/210.14 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.14 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.14 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£130K11/220.17 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£121K05/210.18 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K10/220.19 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K12/220.2 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£190.5K09/210.2 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£121K05/210.2 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K05/210.2 mi46, Holman Court, Ipswich, Suffolk IP2 0ES2
£132.5K02/210.2 mi6, Holman Court, Ipswich, Suffolk IP2 0ES2
£120K02/230.2 mi34, Holman Court, Ipswich, Suffolk IP2 0ES2
£139K11/220.21 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£123.5K10/200.22 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.22 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£150K10/220.22 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£150K02/210.39 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.39 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.39 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.39 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£55K10/200.39 miFlat 17, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£120K01/230.39 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£142K05/230.42 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£137.5K04/230.44 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£161K09/210.48 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£108K11/210.48 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£123.5K04/210.49 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£160K05/230.55 mi35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ2
£120K10/200.57 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£135K11/210.57 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K12/200.58 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.58 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£320K04/210.63 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£110K10/210.63 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£153.5K12/220.65 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£218K11/200.68 mi18, Kirkham Close, Ipswich, Suffolk IP2 9BD2
£110K12/200.72 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£105K11/210.73 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£120K11/200.76 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.76 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£115K09/210.79 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£322.5K06/230.81 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.81 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.81 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.81 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.81 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167.5K11/220.82 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£115K04/210.83 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.83 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2

Local Rents

51 rents from £695/mo to £2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£92504/240 miPooleys Yard, Ipswich, Suffolk, IP22
£97501/250.01 mi-2
£1,00007/240.02 miPooleys Yard, Centrums Court, IP22
£90005/240.11 miGippeswyk Road, Ipswich2
£90005/240.13 miGippeswyk Avenue, Ipswich2
£92503/240.15 mi-2
£92511/240.15 mi-2
£1,10001/240.17 miWentworth House, Burrell Road2
£1,25001/240.17 miWentworth House, Ipswich2
£1,10008/240.18 miRanelagh Road, Ipswich2
£80005/240.18 miBurrell Road, Ipswich, IP22
£90005/240.19 miGippeswyk Road, Ipswich2
£95007/240.19 miReavall Place, Ipswich2
£95007/240.19 miReavall Place, Ipswich2
£88507/240.19 miHolman Court, Ipswich2
£88508/240.19 miHolman Court, Ipswich2
£95007/240.2 miReavell Place, Ipswich2
£1,00005/240.2 miReavell Place, Ipswich2
£95007/240.2 miReavell Place, Ipswich, Suffolk2
£95008/240.2 miReavell Place, Ipswich, Suffolk2
£1,00008/240.2 miReavell Place, IPSWICH2
£1,15004/240.2 miPortman Road, Ipswich, Suffolk, IP12
£86504/240.22 miCompair Crescent, Ipswich2
£98512/240.22 mi-2
£98512/240.22 mi-2
£90007/240.22 miCompair Crescent, Ipswich, IP22
£89505/240.23 miGaskell Place, Ipswich2
£87508/240.23 miGaskell Place, IPSWICH2
£1,15004/250.25 mi-2
£90007/240.26 miBroomwade Close, Ipswich2
£1,10008/240.33 miPhilip Road, IPSWICH2
£2,00003/250.37 mi-2
£1,10007/240.39 miMartin Road, Ipswich, IP22
£82501/240.39 miBelstead Avenue, Ipswich, Suffolk, IP22
£89505/240.4 miWolsey Street, Ipswich2
£87504/240.4 miWolsey Street, Ipaxis2
£98505/240.4 miWolsey Street, Ipswich2
£85002/250.41 mi-2
£87506/240.42 miCullingham Road, Ipswich, IP12
£1,84004/240.43 mi-2
£1,84006/240.43 mi-2
£1,84012/240.43 mi-2
£1,50004/250.43 mi-2
£1,85004/240.43 mi-2
£1,40005/240.43 mi-2
£1,55009/240.43 mi-2
£1,40011/240.43 mi-2
£1,40003/250.43 mi-2
£1,55001/250.43 mi-2
£92505/240.44 miStoke Street, IP2, Ipswich2
£69504/240.44 miPrinces Street, Ipswich, IP12

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

1.11 miles away

Nearest school

0.50 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £120,000

February 20, 2025

Listed for £125,000

September 26, 2024

Floor Plans

Description

  • TWO BEDROOM GROUND FLOOR APARTMENT +
  • BALCONY WITH VIEWS OVER THE RIVER +
  • SECURE UNDERGROUND PARKING SPACE +
  • FITTED KITCHEN +
  • NO ONWARD CHAIN +

SUMMARY
A ground floor two bedroom apartment located adjacent to the train station. The property further benefits from a balcony giving river views, a secure underground allocated parking space, communal gardens and the property is being offered with no onward chain.

DESCRIPTION
Connells are pleased to bring to market this ground floor apartment conveniently located adjacent to the train station and benefiting from far reaching river views and is offered with no onward chain. The property comprises of two bedrooms, lounge, kitchen, a three piece bathroom suite , balcony, secure underground allocated parking and upvc double glazed windows.
As previously mentioned this property is well located for access to the train station which gives direct access to London Liverpool Street, Cambridge ,Norwich and many more destinations.
The town centre offers a wide range of shopping, eating and recreational facilities and also near by is the very popular waterfront marina which has a selection of many restaurants, cafes and bars.

Communal Entrance Hall 
Accessed via communal entrance door:

Entrance Hall 
Accessed via entrance door, airing cupboard, security entrance phone, electric panel radiator, smooth ceiling and doors giving access too:

Lounge 15' 5" max x 14' 4" ( 4.70m max x 4.37m )
Upvc double glazed windows to side and rear, upvc double glazed door giving access to the balcony which provides river views, two electric panel heaters and access too:

Kitchen  9' 2" x 8' max ( 2.79m x 2.44m max )
Upvc double glazed window to rear giving river views, the kitchen comprises of a selection of wall and base level units with cupboard and drawers under and matching above, 1 1/2 bowl sink and drainage unit inset into roll edge work surfaces, integrated electric oven and electric hob with stainless steel cooker hood over, integrated washer/ dryer, integrated dishwasher, integrated fridge/freezer, tiled splash backs and inset spotlighting.

Bedroom One 12' 2" into wardrobes x 11' ( 3.71m into wardrobes x 3.35m )
Upvc double glazed window to front, built in double wardrobes, smooth ceiling, electric panel radiator and telephone point.

Bedroom Two 10' 1" max x 9' max ( 3.07m max x 2.74m max )
Upvc double glazed window to side, smooth ceiling and electric panel radiator.

Bathroom 
Panel bath with mixer tap, shower screen and shower over, part tiled walls, smooth ceiling with inset spot lighting and extractor fan, vinyl flooring, pedestal hand wash basin with tiled splash backs, low level W/C and heated towel rail.

Bathroom comprising of Bath, Shower, Toilet, Wash Basin with Electric Wall Heater.

Outside  
There is a balcony area providing river views and further communal areas. There is also a secure underground parking space with remote control roller doors.

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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