2 Bed Terraced House, Single Let, Ipswich, IP4 5NH, £215,000

Spring Road, Ipswich, IP4 5NH - 1 views - 6 months ago

Sold STC
BTL
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£90K - £268K
Sold Prices/m²£1.4K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£190,609

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,650

Total Cash In

£61,400

 

 

Cash Out

 

Rent Range

£795 - £1,200

Rent Estimate

£796

Running Costs/mo

£851

Cashflow/mo

£-55

Cashflow/yr

£-661

Gross Yield

4%

Local Sold Prices

50 sold prices from £90K to £268K, average is £187K. £1.4K/m² to £4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£200K07/230.01 mi131, Spring Road, Ipswich, Suffolk IP4 5NH2
£190K03/210.04 mi62, Cauldwell Hall Road, Ipswich, Suffolk IP4 4QE2
£156K08/210.07 mi57, Upland Road, Ipswich, Suffolk IP4 5BT2
£204K02/230.1 miUpland Centre, 2, Upland Road, Ipswich, Suffolk IP4 5BT2
£177K08/210.12 mi30, Ringham Road, Ipswich, Suffolk IP4 5BX2
£220K01/230.14 mi241, Spring Road, Ipswich, Suffolk IP4 5NF2
£178K06/230.17 mi174, Cauldwell Hall Road, Ipswich, Suffolk IP4 5DB2
£227K02/230.17 mi147, Cauldwell Hall Road, Ipswich, Suffolk IP4 5DA2
£190K06/230.17 mi147a, Cauldwell Hall Road, Ipswich, Suffolk IP4 5DA2
£160K09/210.19 mi11, Boston Road, Ipswich, Suffolk IP4 4EQ2
£175K02/210.19 mi21, Boston Road, Ipswich, Suffolk IP4 4EQ2
£170K02/210.19 mi1, Boston Road, Ipswich, Suffolk IP4 4EQ2
£265K05/230.22 mi753, Woodbridge Road, Ipswich, Suffolk IP4 4NE2
£194K01/210.23 mi430, Spring Road, Ipswich, Suffolk IP4 5NB2
£160K02/210.23 mi428, Spring Road, Ipswich, Suffolk IP4 5NB2
£180K03/210.23 mi62, Rushmere Road, Ipswich, Suffolk IP4 4LA2
£205K03/210.23 mi54, Rushmere Road, Ipswich, Suffolk IP4 4LA2
£183K03/210.25 mi24, Phoenix Road, Ipswich, Suffolk IP4 4ND2
£90K08/230.26 mi32, Schreiber Road, Ipswich, Suffolk IP4 4NG2
£200K06/230.26 mi18, Schreiber Road, Ipswich, Suffolk IP4 4NG2
£165K10/200.26 mi32, Schreiber Road, Ipswich, Suffolk IP4 4NG2
£170K03/210.28 mi379, Woodbridge Road, Ipswich, Suffolk IP4 4ES2
£203.5K05/210.28 mi2, Bloomfield Street, Ipswich, Suffolk IP4 5JG2
£145K11/200.3 mi42, Kemball Street, Ipswich, Suffolk IP4 5EE2
£242K12/220.3 mi31, Reading Road, Ipswich, Suffolk IP4 4NP2
£202.5K06/210.31 mi38, Kemball Street, Ipswich, Suffolk IP4 5EE2
£180K11/220.31 mi520, Spring Road, Ipswich, Suffolk IP4 5LZ2
£157K04/210.31 mi68, Bloomfield Street, Ipswich, Suffolk IP4 5JH2
£200K09/210.32 mi321, Spring Road, Ipswich, Suffolk IP4 5NA2
£185K07/220.32 mi61, The Street, Shotley, Ipswich, Suffolk IP9 1NQ2
£185K02/230.32 mi359, Spring Road, Ipswich, Suffolk IP4 5NA2
£200K12/200.33 mi7, Khartoum Road, Ipswich, Suffolk IP4 4EX2
£188K11/200.34 mi29, Hutland Road, Ipswich, Suffolk IP4 4EZ2
£145K06/210.34 mi60, Schreiber Road, Ipswich, Suffolk IP4 4NJ2
£157.5K08/210.34 mi24, Tennyson Road, Ipswich, Suffolk IP4 1PG2
£145K11/200.34 mi14, Tennyson Road, Ipswich, Suffolk IP4 1PG2
£184K12/220.35 mi28, Brunswick Road, Ipswich, Suffolk IP4 4BL2
£187K07/230.36 mi17, Wellesley Road, Ipswich, Suffolk IP4 1PH2
£175K04/230.36 mi163, Woodville Road, Ipswich, Suffolk IP4 1PE2
£230K06/230.36 mi129, Woodville Road, Ipswich, Suffolk IP4 1PE2
£200K11/210.37 mi67, Kemball Street, Ipswich, Suffolk IP4 5EB2
£232.8K07/230.37 mi305d, Cauldwell Hall Road, Ipswich, Suffolk IP4 5AJ2
£268K12/220.38 mi68, Henslow Road, Ipswich, Suffolk IP4 5EQ2
£210K03/210.39 mi100, Spring Road, Ipswich, Suffolk IP4 2RR2
£195K09/210.4 mi42, Parade Road, Ipswich, Suffolk IP4 4BH2
£164.5K02/210.4 mi6, Parade Road, Ipswich, Suffolk IP4 4BH2
£175K08/210.41 mi2, Parliament Road, Ipswich, Suffolk IP4 5ET2
£200K09/210.41 mi12, Darwin Road, Ipswich, Suffolk IP4 1QD2
£210K01/230.41 mi42, Wellesley Road, Ipswich, Suffolk IP4 1PL2
£187K02/230.41 mi34, Woodville Road, Ipswich, Suffolk IP4 1PD2

Local Rents

50 rents from £795/mo to £1.2K/mo, average is £945/mo.

RentDateDistanceAddressBeds 
£1,10006/240.07 mi-2
£89506/240.08 miNelson Road, East Ipswich, Ipswich, IP42
£97507/240.09 miSpring Road, Ipswich, Suffolk, IP42
£99505/240.09 miUpland Road, Ipswich2
£87504/240.1 miUpland Road, Ipswich, IP42
£89509/240.1 miUpland Road, IP42
£85008/240.11 mi-2
£85008/240.11 miOakstead Close, Ipswich, IP42
£94007/240.15 mi-2
£80007/240.16 miOakstead Close, Ipswich, IP42
£1,20009/240.17 mi-2
£87504/240.18 miCowper Street, Ipswich2
£95010/230.2 mi-2
£1,05007/240.22 miBurnham Close, Ipswich2
£1,00001/240.23 miSpring Road, Ipswich2
£89507/240.23 miRushmere Road, Ipswich, IP42
£1,00012/240.24 mi-2
£95005/240.26 miSpring Road, Ipswich2
£92508/240.28 miSt. Marys Road, Ipswich, Suffolk, UK, IP42
£1,10008/240.28 mi-2
£1,10007/240.28 miBloomfield Street, Ipswich, IP42
£97508/240.28 miWoodbridge Road, Ipswich, Suffolk, IP42
£92504/240.28 miWoodbridge Road, Ipswich, Suffolk, IP42
£95008/240.29 miSt Marys Road, IPSWICH2
£97504/240.3 miSpring Road, Ipswich, Suffolk, IP42
£90006/240.32 miTennyson Road, Ipswich, Suffolk, UK, IP42
£92507/240.32 miTennyson Road, Ipswich, Suffolk, UK, IP42
£79509/240.33 miCauldwell Hall Road, Ipswich, Suffolk, UK, IP42
£87507/240.33 miLeopold Road, Ipswich, Suffolk, IP42
£82504/240.34 miTennyson Road, Ipswich, Suffolk, IP42
£90006/240.34 mi-2
£87504/240.35 miBrunswick Road, IP42
£1,00004/240.37 miWellesley Road, Ipswich, Suffolk, IP42
£97512/240.37 mi-2
£90011/240.37 mi-2
£79504/240.38 miDarwin Road, Ipswich, IP42
£97508/240.4 miSpring Road, Ipswich, Suffolk, IP42
£95006/240.4 miParade Road, Ipswich, Suffolk, IP42
£97507/240.4 miParade Road, Ipswich, Suffolk, IP42
£97507/240.4 miParade Road, Ipswich, IP42
£90006/240.41 miCauldwell Hall Road, Ipswich2
£95010/230.41 mi-2
£99503/250.41 mi-2
£1,10004/240.43 miParliament Road, IP4 2
£89506/240.43 miParliament Road, Ipswich, IP42
£95009/240.43 miParliament Road, Ipswich, Suffolk, IP42
£90004/240.43 miParliament Road, Ipswich, Suffolk, IP42
£89509/240.43 miParliament Road, Ipswich, Suffolk, IP42
£90007/240.44 miHenslow Road, Ipswich, Suffolk, UK, IP42
£1,05007/240.44 miBelle Vue Road, Ipswich, Suffolk2

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £215,000

October 12, 2024

Sold for £200,000

2023

Sold for £167,500

2020

Sold for £154,100

2018

Sold for £154,100

2016

Sold for £125,000

2013

Sold for £117,000

2007

Floor Plans

Description

A two-bedroom mid-terrace property situated in the popular East Ipswich area. No onward chain!

The ground floor offers a sitting room and dining room upon entry, with stairs leading to the first floor. Towards the rear, there is a kitchen and a lobby area. Upstairs, you'll find two spacious double bedrooms and a main bathroom.

The property benefits from gas central heating and double-glazed windows and doors. Outside, there is off-road parking for one vehicle, a fully enclosed, sunny rear garden with a patio area, purpose-built storage, and steps leading to a second tier laid to lawn with shrub borders.

Conveniently located within walking distance of the town centre, close to local amenities, and near popular primary and high schools. Perfect starter home, a must-see home in an excellent location!

Agent notes:

Location:
Situated on Spring Road, east of Ipswich town centre, this property is ideally located with easy access to local amenities, schools, and public transport links.

Town:
The county town of Ipswich is served by a wide range of local amenities including schools, University, shops, doctors, dental surgeries, hospital, two theatres, parks, recreational facilities and mainline railway station providing direct links to London Liverpool Street Station.

Education:
There is a wide selection of Good Ofsted rated state schools and closely followed by Ipswich private school for all age groups.

Access:
The A12 and A14 is easily accessed, linking and giving excellent access across the region. A12 connecting to Colchester, Chelmsford and Stansted Airport and beyond, A14 connecting to Bury St Edmunds, Cambridge and The Midlands.

Transport:
Ipswich Railway Station which provides excellent rail links to Norwich and Liverpool Street Station. The journey time from Ipswich of approximately 1 hour and 10 minutes. Greater Anglia have announced the launch of a direct rail services running to London Liverpool Station.

Services:
Mains electricity, gas central heating, sewerage, and water are connected.

Local Authority:
Ipswich Borough Council

Council Tax Band:
At the time of instruction the council tax band for this property is Band A.

Money Laundering Regulations:
Intending purchasers will be asked to produce identification documentation at a later stage. We ask for your cooperation to avoid any delays in agreeing to the sale.

Disclaimer:
1. While Potter's Estate Agents endeavour to make our sales particulars fair, accurate and reliable they are only a general guide to the property and accordingly. If there is any point which is of particular importance to you, please contact the office and we will be happy to check the position for you.
2. Potters draft particulars are drafted on an "as is" basis approved by the client we represent. We cannot guarantee that accuracy of the information disclosed or give any warranty as to suitability, fitness for purpose, completeness, or that any content is free of omissions or errors.
3. A buyer is advised to obtain verification from their Solicitor in all circumstances. Potters will not be liable for any legal expenses incurred without written permission in advance by the controlling directors.
4. The measurements indicated are supplied for guidance only and cannot guarantee the accuracy of any description, dimensions, references to conditions, necessary permissions for use and occupancy and other details contained herein. The prospective purchasers or tenants must not rely on them as statements of fact and must satisfy themselves as to their accuracy.
5. Potter's Estate Agents act on an "arm's length" basis. We do not have any authority to make or give any representation or warranty or enter any contract whatever in relation to the property.
6. Services: Please note we have not tested the services or any of the equipment or appliances in this property. We strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
7. Potter's Estate Agents will not be liable for any loss arising from the use of these particulars. We have not tested any apparatus, equipment, fixtures and fittings sand therefore cannot verify that they are in working order or fit for the purpose.
8. Potters are not solicitors and cannot give legal or financial advice. We will not be liable for any legal or conveyancing cost if information is revealed by searches etc' that leads to the sale collapsing.
9. The prospective purchasers or tenants must not rely on the particulars as statements of fact or representations and must satisfy themselves as to their accuracy.
10. Photographs will only show certain parts of the property and assumptions should not be made in respect of those parts of the property that have not been photographed. (Items or contents shown in the photographs are not included as part of the sale unless specified otherwise) It should not be assumed the property will remain as shown in the photograph. Photographs are taken using a wide-angle lens.

Council Tax Band: A (Ipswich Borough Council)
Tenure: Freehold

Agent Details

Potter's Estate Agents, Woodbridge

01394 331670

Next Steps?

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