2 Bed Flat, Single Let, Ipswich, IP3 8AJ, £90,000

Back Hamlet, Ipswich, IP3 8AJ - 1 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 15%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£107.5K - £322.5K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£110,700
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£750 - £1,325

Rent Estimate

£778

Running Costs/mo

£457

Cashflow/mo

£321

Cashflow/yr

£3,854

ROI

15%

Gross Yield

10%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£133K09/220.08 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.09 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.09 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.09 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.09 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.09 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K04/230.09 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.09 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£130K02/230.11 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.11 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.11 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£125K06/210.13 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£125.5K05/210.13 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.13 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.13 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£114K01/230.14 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£151.5K12/200.14 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£138.5K10/220.14 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K10/220.15 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£140K11/210.16 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£147K10/220.18 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.18 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£322.5K06/230.21 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.21 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.21 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.21 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.21 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£142K02/230.3 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£115K08/210.41 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.42 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£320K04/210.43 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£180K05/210.52 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£135K03/230.54 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£155K07/230.55 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£125K04/230.56 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.56 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.56 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£108K11/210.56 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£146.5K01/230.57 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.57 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£130K04/210.62 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.62 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.62 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.62 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.62 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£120K12/220.63 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£137.5K04/230.64 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£161K09/210.67 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£145K07/210.67 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£150K02/210.69 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2

Local Rents

52 rents from £750/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£82501/240.07 miFore Hamlet, Ipswich2
£80012/240.07 miFore Hamlet, Ipswich2
£85001/240.08 miPownall Road, Ipswich, Suffolk, IP32
£95012/240.08 mi-2
£89512/240.1 mi-2
£88505/240.11 miIsham Place, Ipswich2
£85005/240.11 miIsham Place, Ipswich, Suffolk, IP32
£99504/240.14 miNeptune Marina, Ipswich, IP32
£1,05005/240.14 miCoprolite Street, Ipswich2
£1,20010/240.14 mi-2
£1,20010/240.14 mi-2
£1,10004/240.14 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£97505/240.14 miCoprolite Street, Ipswich2
£87506/240.15 miHope Court, Modus2
£95004/240.16 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£87501/240.18 miTye Road, Ipswich, Suffolk, IP32
£1,20001/240.2 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.2 miNeptune Square, Ipswich2
£1,20007/240.2 miNeptune Square, Ipswich, IP42
£1,25008/240.2 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.2 miNeptune Square, Ipswich, Suffolk, IP42
£1,15001/240.21 miNeptune Square, Ipswich, IP42
£1,20007/240.21 miNeptune Square, Ipswich, IP42
£95008/240.21 miNeptune Square, Ipswich, IP42
£87505/240.22 miMitre Way, Ipswich2
£90003/250.22 mi-2
£80001/240.23 miFore Street, Ipswich, Suffolk, IP42
£1,00004/240.23 miRope Walk, Ipswich2
£85009/240.23 miOxford Road, IPSWICH2
£80005/240.24 miGrimwade Street, Ipswich2
£1,10012/240.24 mi-2
£1,00004/240.24 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£90007/240.26 miSt Helens Street, Ipswich2
£99504/240.26 miFoxhall Road, Ipswich, Suffolk2
£97504/240.26 miFoxhall Road, IP32
£97505/240.26 miFoxhall Road, Ipswich, Suffolk2
£75005/240.27 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.27 miStar Lane, Ipswich, Suffolk, IP42
£87508/240.27 miStar Lane, Ipswich, Suffolk, UK, IP42
£1,20012/240.27 mi-2
£1,20012/240.27 mi-2
£85012/240.27 mi-2
£95001/240.28 miAnchor Street, Ipswich2
£1,25012/240.29 mi-2
£80007/240.3 miFinbars Walk, Ipswich2
£85008/240.3 miFinbars Walk, Ipswich2
£1,15008/240.31 miFinbars Walk, Ipswich, Suffolk, IP42
£1,10005/240.31 miAnchor Street, Ipswich2
£89508/240.32 miRosebery Road, Ipswich, Suffolk, UK, IP42
£1,10012/240.32 mi-2
£77508/240.32 miSt. Helens Street, Ipswich2
£75008/240.32 miSt. Helens Street, Ipswich2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.30 miles away

Nearest school

0.30 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £90,000

October 5, 2024

Floor Plans

Description

  • TWO BEDROOMS GROUND FLOOR APARTMENT +
  • SECURE ALLOCATED PARKING SPACE +
  • OPEN PLAN LIVING AREA +
  • MODERNISED & IMPROVED THROUGHOUT +
  • POPULAR MARINA LOCATION +
  • NO ONWARD CHAIN +

SUMMARY
A modern and improved ground floor apartment located in close proximity to the popular rejuvenated marina and University of Suffolk, The home benefits from open plan living/kitchen area, shower room and has the added bonus of being sold with no onward chain.

DESCRIPTION
A modern two bedroom ground floor Apartment situated near the popular Neptune Marina, the apartment boasts modern and improved finishes throughout, open plan living/kitchen area, shower room and has the added bonus of being sold with no onward chain. An internal viewing is highly recommended for this property.

The Ipswich Waterfront is a cultural and historically significant area surrounding the marina in the town of Ipswich. The waterfront is a trendy area of Ipswich, the waterfront is now characterised by its marina, known as Neptune Marina, as well as its mix of classical and postmodern architecture which includes multiple high-rise apartment buildings, restaurants, bars and cafes.
The waterfront is also home to the main campus of the regions university, the University of Suffolk.
Nearby Ipswich is the County Town of Suffolk and 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.

Communal Entrance Hall  
Accessed via secure entrance door.

Entrance Hall  
Accessed via entrance door, wood effect flooring, electric panel radiator, security entry phone, airing cupboard housing water tank and space and plumbing for machine and doors giving access too:

Open Plan Living Area  19' x 11' 2" max ( 5.79m x 3.40m max )
Double glazed window to front, tile effect vinyl flooring, electric panel radiator, smooth ceiling with inset spotlighting and access too:

Kitchen Area  
Double glazed window to front, tile effect vinyl flooring, space for cooker with stainless steel splash backs and stainless steel extractor hood over, 1 1/2 bowl sink with mixer tap inset in a granite work top with cupboards and drawers under and matching above, smooth ceiling with spotlighting and space and plumbing for dishwasher.

Bedroom One  9' 5" x 7' 2" plus recess ( 2.87m x 2.18m plus recess )
Double glazed window to side, smooth ceiling with spotlighting, electric panel radiator, television point and grey carpet.

Bedroom Two  9' 9" x 6' 2" ( 2.97m x 1.88m )
Double glazed window to side, smooth ceiling with spotlighting, electric panel radiator and grey carpets.

Shower Room  
Fully tiled shower cubicle with rainfall shower head, pedestal wash hand basin, low level w/c, vinyl flooring, heated towel rail and smooth ceiling with extractor.

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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