2 Bed Flat, Single Let, Ipswich, IP2 8JR, £80,000





ValuationUndervalued
Sold Prices | £55K - £322.5K |
Sold Prices/m² | £1.5K/m² - £4.3K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.2K/m² |
Value Estimate | £98,400£98,400 |
BMV | 23% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £20,000£20,000 |
Stamp Duty & Legal Fees | £3,600£3,600 |
Total Cash In | £23,600£23,600 |
| |
Cash Out | |
Rent Range | £650 - £2,600£650 - £2,600 |
Rent Estimate | £763 |
Running Costs/mo | £423£423 |
Cashflow/mo | £340£340 |
Cashflow/yr | £4,085£4,085 |
ROI | 17%17% |
Gross Yield | 11%11% |
Local Sold Prices
50 sold prices from £55K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£110K | 10/21 | 0.05 mi | 25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ | - | - | 2 | Flat | |
£153.5K | 12/22 | 0.11 mi | 43, Bruff Road, Ipswich, Suffolk IP2 8GS | £2,952 | 52 | 2 | Flat | |
£110K | 12/20 | 0.12 mi | 88, Bruff Road, Ipswich, Suffolk IP2 8GX | £1,964 | 56 | 2 | Flat | |
£128K | 12/22 | 0.12 mi | 102, Bruff Road, Ipswich, Suffolk IP2 8GX | £2,281 | 56 | 2 | Flat | |
£135K | 11/21 | 0.12 mi | 6, Bruff Road, Ipswich, Suffolk IP2 8GY | £2,318 | 58 | 2 | Flat | |
£120K | 10/20 | 0.15 mi | 7, Croft Street, Ipswich, Suffolk IP2 8EB | £1,993 | 60 | 2 | Flat | |
£123.5K | 04/21 | 0.27 mi | 32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX | - | - | 2 | Flat | |
£55K | 10/20 | 0.32 mi | Flat 17, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS | - | - | 2 | Flat | |
£120K | 01/23 | 0.32 mi | Flat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS | £2,256 | 53 | 2 | Flat | |
£137.5K | 04/23 | 0.34 mi | 31, Seymour Road, Ipswich, Suffolk IP2 8EN | £2,500 | 55 | 2 | Flat | |
£108K | 11/21 | 0.39 mi | 88, Vernon Street, Ipswich, Suffolk IP2 8JB | £1,742 | 62 | 2 | Flat | |
£320K | 04/21 | 0.41 mi | 155, Stoke Quay, Ipswich, Suffolk IP2 8SN | £2,991 | 107 | 2 | Flat | |
£160K | 05/23 | 0.54 mi | 35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ | £2,667 | 60 | 2 | Flat | |
£190.5K | 09/21 | 0.54 mi | Flat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ | - | - | 2 | Flat | |
£140K | 11/21 | 0.62 mi | 239, Duke Street, Ipswich, Suffolk IP3 0BX | - | - | 2 | Flat | |
£151.5K | 12/20 | 0.63 mi | 53, Pownall Road, Ipswich, Suffolk IP3 0DN | £2,658 | 57 | 2 | Flat | |
£322.5K | 06/23 | 0.63 mi | 51, Neptune Square, Ipswich, Suffolk IP4 1QH | £4,300 | 75 | 2 | Flat | |
£315K | 07/23 | 0.63 mi | 39, Neptune Square, Ipswich, Suffolk IP4 1QH | £4,297 | 73 | 2 | Flat | |
£290K | 02/21 | 0.63 mi | 51, Neptune Square, Ipswich, Suffolk IP4 1QH | £3,867 | 75 | 2 | Flat | |
£167K | 01/21 | 0.63 mi | 10, Neptune Square, Ipswich, Suffolk IP4 1QH | £3,199 | 52 | 2 | Flat | |
£255K | 06/21 | 0.63 mi | 48, Neptune Square, Ipswich, Suffolk IP4 1QH | £3,400 | 75 | 2 | Flat | |
£130K | 10/22 | 0.65 mi | 36, Hope Court, Ipswich, Suffolk IP3 0DX | £1,605 | 81 | 2 | Flat | |
£138.5K | 10/22 | 0.65 mi | 19, Hope Court, Ipswich, Suffolk IP3 0DW | £1,979 | 70 | 2 | Flat | |
£140K | 12/22 | 0.65 mi | 32, Siloam Place, Ipswich, Suffolk IP3 0FB | £2,373 | 59 | 2 | Flat | |
£119K | 10/20 | 0.65 mi | 22, Siloam Place, Ipswich, Suffolk IP3 0FB | £2,644 | 45 | 2 | Flat | |
£125.5K | 05/21 | 0.66 mi | 42, Siloam Place, Ipswich, Suffolk IP3 0FB | £1,476 | 85 | 2 | Flat | |
£147K | 10/22 | 0.67 mi | 106, Siloam Place, Ipswich, Suffolk IP3 0FF | £2,492 | 59 | 2 | Flat | |
£136K | 04/23 | 0.67 mi | 92, Siloam Place, Ipswich, Suffolk IP3 0FF | £1,936 | 70 | 2 | Flat | |
£114K | 01/23 | 0.68 mi | 59, Siloam Place, Ipswich, Suffolk IP3 0FD | £1,781 | 64 | 2 | Flat | |
£130K | 02/23 | 0.68 mi | 21, Isham Place, Ipswich, Suffolk IP3 0DY | £2,319 | 56 | 2 | Flat | |
£110K | 06/21 | 0.68 mi | 1, Isham Place, Ipswich, Suffolk IP3 0DY | £1,833 | 60 | 2 | Flat | |
£134K | 02/23 | 0.68 mi | 5, Isham Place, Ipswich, Suffolk IP3 0DY | £2,627 | 51 | 2 | Flat | |
£125K | 06/21 | 0.69 mi | 6, Isham Place, Ipswich, Suffolk IP3 0DZ | £2,128 | 59 | 2 | Flat | |
£120K | 04/21 | 0.69 mi | 56, Pownall Road, Ipswich, Suffolk IP3 0DR | £2,034 | 59 | 2 | Flat | |
£128K | 07/21 | 0.69 mi | 64, Pownall Road, Ipswich, Suffolk IP3 0DR | £1,882 | 68 | 2 | Flat | |
£130K | 11/20 | 0.69 mi | 48, Pownall Road, Ipswich, Suffolk IP3 0DR | £2,321 | 56 | 2 | Flat | |
£128K | 07/21 | 0.69 mi | 64, Pownall Road, Ipswich, Suffolk IP3 0DR | £1,882 | 68 | 2 | Flat | |
£135K | 05/23 | 0.69 mi | 46, Pownall Road, Ipswich, Suffolk IP3 0DR | £2,252 | 60 | 2 | Flat | |
£133K | 09/22 | 0.69 mi | 93, Pownall Road, Ipswich, Suffolk IP3 0DA | £1,900 | 70 | 2 | Flat | |
£150K | 02/21 | 0.7 mi | 72, Wolsey Street, Ipswich, Suffolk IP1 1AF | £2,174 | 69 | 2 | Flat | |
£162.5K | 04/21 | 0.7 mi | 58, Wolsey Street, Ipswich, Suffolk IP1 1AF | £2,500 | 65 | 2 | Flat | |
£170K | 06/21 | 0.7 mi | 54, Wolsey Street, Ipswich, Suffolk IP1 1AF | £2,017 | 84 | 2 | Flat | |
£122.5K | 03/21 | 0.7 mi | 92, Wolsey Street, Ipswich, Suffolk IP1 1AF | £1,801 | 68 | 2 | Flat | |
£135K | 04/23 | 0.7 mi | 58, Fore Hamlet, Ipswich, Suffolk IP3 8BD | £1,824 | 74 | 2 | Flat | |
£118K | 06/21 | 0.7 mi | 32, Fore Hamlet, Ipswich, Suffolk IP3 8BD | £1,686 | 70 | 2 | Flat | |
£218K | 11/20 | 0.75 mi | 18, Kirkham Close, Ipswich, Suffolk IP2 9BD | £3,516 | 62 | 2 | Flat | |
£161K | 09/21 | 0.78 mi | 15, St Nicholas Court, Ipswich, Suffolk IP1 1TG | £1,789 | 90 | 2 | Flat | |
£137K | 12/21 | 0.81 mi | 70, Compair Crescent, Ipswich, Suffolk IP2 0EH | £2,175 | 63 | 2 | Flat | |
£135K | 02/23 | 0.82 mi | 58, Compair Crescent, Ipswich, Suffolk IP2 0EH | - | - | 2 | Flat | |
£140K | 03/23 | 0.82 mi | 68, Compair Crescent, Ipswich, Suffolk IP2 0EH | £1,944 | 72 | 2 | Flat |
Local Rents
50 rents from £650/mo to £2.6K/mo, average is £938/mo.
Rent | Date | Distance | Address | Beds | Type | |
£650 | 06/24 | 0 mi | Apt Wherstead Road, Ipswich, IP2 | 2 | Flat | |
£850 | 08/24 | 0 mi | Wherstead Road, Ipswich, IP2 | 2 | Flat | |
£850 | 08/24 | 0 mi | Wherstead Road, Ipswich, IP2 | 2 | Flat | |
£900 | 06/24 | 0.01 mi | Wherstead Road, Ipswich, Suffolk, IP2 | 2 | Flat | |
£875 | 04/24 | 0.02 mi | Wherstead Road, Ipswich, Suffolk, IP2 | 2 | Flat | |
£850 | 06/24 | 0.02 mi | Wherstead Road, Ipswich | 2 | Flat | |
£825 | 06/24 | 0.03 mi | Rapier Street, IP2 | 2 | Flat | |
£850 | 07/24 | 0.03 mi | Rapier Street, Ipswich, IP2 | 2 | Flat | |
£975 | 04/24 | 0.05 mi | - | 2 | Terraced House | |
£975 | 03/24 | 0.05 mi | - | 2 | Terraced House | |
£950 | 08/24 | 0.07 mi | Cowell Street, Ipswich, Suffolk, IP2 | 2 | Terraced House | |
£900 | 08/24 | 0.12 mi | Bruff Road, Ipswich | 2 | Flat | |
£950 | 07/24 | 0.13 mi | Bruff Road, Ipswich, Suffolk, IP2 | 2 | Flat | |
£900 | 04/24 | 0.15 mi | Croft Street, Ipswich, IP2 | 2 | Terraced House | |
£1,100 | 12/24 | 0.2 mi | - | 2 | Terraced House | |
£1,000 | 01/24 | 0.21 mi | Hartley Street, Ipswich | 2 | Terraced House | |
£900 | 04/24 | 0.23 mi | Hartley Street, Ipswich, Suffolk, IP2 | 2 | Terraced House | |
£1,100 | 04/24 | 0.24 mi | - | 2 | Terraced House | |
£825 | 08/24 | 0.25 mi | Pauline Street, Ipswich, IP2 | 2 | Flat | |
£795 | 06/24 | 0.26 mi | Shelley Street, Ipswich, IP2 | 2 | Flat | |
£2,600 | 05/24 | 0.27 mi | - | 2 | Terraced House | |
£1,100 | 07/24 | 0.3 mi | Martin Road, Ipswich, IP2 | 2 | Terraced House | |
£825 | 01/24 | 0.32 mi | Belstead Avenue, Ipswich, Suffolk, IP2 | 2 | Flat | |
£900 | 04/24 | 0.33 mi | Austin Street, Ipswich, Suffolk | 2 | Terraced House | |
£900 | 05/24 | 0.33 mi | Austin Street, Ipswich, Suffolk | 2 | Terraced House | |
£900 | 06/24 | 0.33 mi | Austin Street, Ipswich, Suffolk | 2 | Terraced House | |
£1,100 | 08/24 | 0.37 mi | Philip Road, IPSWICH | 2 | Terraced House | |
£775 | 09/24 | 0.38 mi | - | 2 | Flat | |
£925 | 05/24 | 0.41 mi | Stoke Street, IP2, Ipswich | 2 | Terraced House | |
£1,000 | 07/24 | 0.41 mi | Stoke Quay, IP2 | 2 | Flat | |
£950 | 08/24 | 0.41 mi | Stoke Quay, Ipswich, IP2 | 2 | Flat | |
£985 | 08/24 | 0.42 mi | Stoke Quay, Ipswich | 2 | Flat | |
£985 | 09/24 | 0.42 mi | Stoke Quay, Ipswich | 2 | Flat | |
£1,100 | 05/24 | 0.46 mi | Patteson Road, Ipswich | 2 | Flat | |
£1,100 | 05/24 | 0.46 mi | Patteson Road, IPSWICH | 2 | Flat | |
£800 | 04/24 | 0.47 mi | Stokebridge Maltings, Ipswich, IP2 | 2 | Flat | |
£925 | 04/24 | 0.48 mi | Heatherhayes, Ipswich, IP2 | 2 | Terraced House | |
£895 | 05/24 | 0.48 mi | Heatherhayes, Off Belstead Road, Ipswich, IP2 | 2 | Terraced House | |
£1,150 | 01/24 | 0.49 mi | Anchor Street, Ipswich, Suffolk, IP3 | 2 | Flat | |
£995 | 04/24 | 0.49 mi | 1 Anchor Street, Orwell Quay, Ipswich, IP3 | 2 | Flat | |
£1,100 | 12/24 | 0.49 mi | - | 2 | Flat | |
£1,150 | 04/25 | 0.49 mi | - | 2 | Flat | |
£1,100 | 05/24 | 0.49 mi | Anchor Street, Ipswich | 2 | Flat | |
£850 | 12/24 | 0.5 mi | - | 2 | Flat | |
£950 | 01/24 | 0.5 mi | Anchor Street, Ipswich | 2 | Flat | |
£725 | 09/24 | 0.51 mi | Wherstead Road, Ipswich | 2 | Flat | |
£1,250 | 12/24 | 0.51 mi | - | 2 | Flat | |
£1,200 | 12/24 | 0.51 mi | - | 2 | Flat | |
£1,200 | 12/24 | 0.51 mi | - | 2 | Flat | |
£800 | 05/24 | 0.53 mi | Burrell Road, Ipswich, IP2 | 2 | Flat |
Local Area Statistics
Population in IP2 | 30,99730,997 |
Population in Ipswich | 219,393219,393 |
Town centre distance | 1.02 miles away1.02 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.62 miles away0.62 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | -1%-1% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +28%+28% |
Property History
Listed for £80,000
October 8, 2024
Floor Plans

Description
- Sale by Modern Auction (T&Cs apply) +
- Subject to an undisclosed Reserve Price +
- Buyers fees apply +
- FIRST FLOOR APARTMENT +
- TWO SPACIOUS BEDROOMS +
- UNDER FLOOR HEATING THROUGHOUT +
- ALLOCATED UNDERGROUND PARKING +
- WRAP AROUND BALCONY +
SUMMARY
A first floor apartment situated to the outskirts of Ipswich Town Centre and conveniently located for many amenties. The property benefits from two bedrooms, a integrated kitchen, under floor heating throughout, secure underground parking and a wrap around balcony.
DESCRIPTION
A Two Bedroom first floor apartment situated to the south of Ipswich Town Centre. The property boasts underground allocated parking and a wrap around balcony, a spacious integrated kitchen, two good size bedrooms and there is also under floor heating throughout. An Internal inspection is highly recommended.
Ipswich has a cutting-edge theatre and arts scene, many schooling facilities, cosy Suffolk pubs, and a vibrant community of independent stores. Ipswich also 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.
It also benefits from a rejuvenated waterfront Marina which boasts many restaurants, bars and cafes.
Auctioneer's Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.
The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Entrance
Entrance door via communal entrance hall, stairs and lift to first floor.
Entrance Hall
Entrance door into entrance hall with airing cupboard and double storage cupboard and doors giving access to:
Lounge 13' 4" x 11' 1" ( 4.06m x 3.38m )
Double glazed french doors giving access to wrap around balcony, under floor heating and tv point.
Kitchen 9' 10" x 7' 2" ( 3.00m x 2.18m )
Double glazed window to rear, kitchen comprises of a selection of wall and base level units with an electric oven, hob and extractor fan over, integrated fridge freezer, stainless steel sink set into roll edge work surface with plumbing for washing machine under.
Bedroom One 13' 2" x 9' ( 4.01m x 2.74m )
Double glazed window to side and underfoot heating.
Bedroom Two 11' x 7' 8" ( 3.35m x 2.34m )
Double glazed window to side and under floor heating.
Bathroom
Three piece suite comprising of panel bath with shower over, pedestal wash hand basin, low level w/c and heated towel rail.
Outside
There is allocated parking in a secure underground parking area.
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.
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