2 Bed Terraced House, Single Let, Ipswich, IP4 2HB, £165,000

Norfolk Road, Ipswich, IP4 2HB - 3 views - 6 months ago

Sold STC
BTL
ROI: 2%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£130K - £235K
Sold Prices/m²£1.7K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£186,289
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Rent Range

£700 - £3,600

Rent Estimate

£769

Running Costs/mo

£689

Cashflow/mo

£80

Cashflow/yr

£955

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £130K to £235K, average is £188.5K. £1.7K/m² to £4.5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£158K02/210 mi21, Norfolk Road, Ipswich, Suffolk IP4 2HB2
£170K11/200 mi36, Norfolk Road, Ipswich, Suffolk IP4 2HB2
£170K07/210.04 mi71, Hervey Street, Ipswich, Suffolk IP4 2ET2
£198K10/210.04 mi95, Hervey Street, Ipswich, Suffolk IP4 2ET2
£145K03/210.06 mi41, Suffolk Road, Ipswich, Suffolk IP4 2EZ2
£157K12/200.06 mi80, Suffolk Road, Ipswich, Suffolk IP4 2EZ2
£165K05/230.07 mi20, Hervey Street, Ipswich, Suffolk IP4 2ES2
£177.5K06/230.08 mi7, Finchley Road, Ipswich, Suffolk IP4 2HX2
£148K06/230.08 mi20, Finchley Road, Ipswich, Suffolk IP4 2HX2
£130K11/200.11 mi24, Cemetery Road, Ipswich, Suffolk IP4 2EP2
£225K06/210.12 mi122, Hervey Street, Ipswich, Suffolk IP4 2EU2
£230K12/220.12 mi22, Hayhill Road, Ipswich, Suffolk IP4 2HP2
£189K01/210.12 mi156, Cemetery Road, Ipswich, Suffolk IP4 2HL2
£190K04/210.14 mi12, Arthurs Terrace, Ipswich, Suffolk IP4 2NN2
£235K06/210.14 mi66, Lacey Street, Ipswich, Suffolk IP4 2PH2
£170K02/210.16 mi53, Tuddenham Avenue, Ipswich, Suffolk IP4 2HF2
£211.8K06/230.17 mi62, Bolton Lane, Ipswich, Suffolk IP4 2BY2
£205K12/220.18 mi116, Lacey Street, Ipswich, Suffolk IP4 2PL2
£168.5K01/210.2 mi13, Cobbold Street, Ipswich, Suffolk IP4 2DN2
£160K03/210.21 mi70, Woodbridge Road, Ipswich, Suffolk IP4 2NG2
£180K03/230.21 mi192, Woodbridge Road, Ipswich, Suffolk IP4 2PB2
£160K05/210.21 mi23, North Hill Road, Ipswich, Suffolk IP4 2PW2
£230K12/200.24 mi21, Palmerston Road, Ipswich, Suffolk IP4 2NU2
£188K06/210.24 mi32, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£198K04/210.26 mi114, Tuddenham Avenue, Ipswich, Suffolk IP4 2HG2
£177K09/210.27 mi14, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£228.5K09/210.28 mi38, Warwick Road, Ipswich, Suffolk IP4 2QE2
£140K04/230.28 mi24, Alexandra Road, Ipswich, Suffolk IP4 2RH2
£179K06/210.29 mi18, Lancaster Road, Ipswich, Suffolk IP4 2NY2
£201K01/210.32 mi7, Nottidge Road, Ipswich, Suffolk IP4 2RJ2
£184K06/230.32 mi32, Nottidge Road, Ipswich, Suffolk IP4 2RJ2
£215K05/230.32 mi43, Nottidge Road, Ipswich, Suffolk IP4 2RJ2
£220K12/220.32 mi1, Nottidge Road, Ipswich, Suffolk IP4 2RJ2
£195K12/220.32 mi28, Nottidge Road, Ipswich, Suffolk IP4 2RJ2
£210K09/210.34 mi37, Alexandra Road, Ipswich, Suffolk IP4 2RL2
£191.5K07/210.41 mi42, Spring Road, Ipswich, Suffolk IP4 2RS2
£200K12/220.43 mi25, Parade Road, Ipswich, Suffolk IP4 4BH2
£195K09/210.43 mi42, Parade Road, Ipswich, Suffolk IP4 4BH2
£164.5K02/210.43 mi6, Parade Road, Ipswich, Suffolk IP4 4BH2
£184K12/220.48 mi28, Brunswick Road, Ipswich, Suffolk IP4 4BL2
£210K03/210.48 mi100, Spring Road, Ipswich, Suffolk IP4 2RR2
£207.5K06/230.5 mi27, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£173K01/210.5 mi18, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£185.5K10/220.5 mi55, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£215K01/230.5 mi61, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£195K07/210.5 mi63, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£200K12/200.53 mi7, Khartoum Road, Ipswich, Suffolk IP4 4EX2
£226K12/220.53 mi53, High Street, Ipswich, Suffolk IP1 3QL2
£170K03/210.55 mi379, Woodbridge Road, Ipswich, Suffolk IP4 4ES2
£188K11/200.56 mi29, Hutland Road, Ipswich, Suffolk IP4 4EZ2

Local Rents

51 rents from £700/mo to £3.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£85004/240.03 miCemetery Road, Ipswich, Suffolk, IP42
£85004/240.05 mi-2
£92504/240.05 mi-2
£92504/240.05 mi-2
£87505/240.06 miSuffolk Road, IP42
£99510/240.07 mi-2
£1,00006/240.07 miSuffolk Road, Ipswich, Suffolk, IP42
£85007/240.08 miNorfolk Road, Ipswich, Suffolk, UK, IP42
£90005/240.09 miFinchley Road2
£75004/240.09 miChristchurch Street, Ipswich2
£87504/240.09 mi-2
£92507/240.1 miFinchley Road, Ipswich2
£97506/240.12 miCemetery Road, Ipswich, IP42
£87502/250.13 mi-2
£97504/240.13 miChristchurch Street,Ipswich,IP42
£1,00005/240.13 miChristchurch Street, Ipswich2
£70004/240.14 miWithipoll Street, Ipswich, IP42
£89504/240.15 miHervey Street, Ipswich2
£95012/230.17 mi-2
£87504/240.18 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£87507/240.18 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£1,10009/240.19 mi-2
£95007/240.2 miMeridian Rise, Ipswich, Suffolk, IP42
£95008/240.2 miMeridian Rise, Ipswich, Suffolk, IP42
£80004/240.21 miWoodbridge Road, Ipswich, Suffolk, IP42
£95001/240.21 miMeridian Rise, Ipswich2
£1,05006/240.21 miMeridian Rise, IPSWICH2
£99504/240.23 miWoodbridge Road, Ipswich, IP42
£87504/240.27 miSt Helens Street, Ipswich2
£95009/240.28 miBramley Hill, IPSWICH2
£1,00008/240.28 miBramley Hill, Ipswich2
£77508/240.28 miSt. Helens Street, Ipswich2
£75008/240.28 miSt. Helens Street, Ipswich2
£1,10007/240.29 miWoodbridge Road, Ipswich, Suffolk, IP42
£90007/240.3 miSt Helens Street, Ipswich2
£97504/240.31 mi-2
£94501/240.31 miBelle Vue Road, Ipswich, Suffolk, IP42
£82507/240.32 miFlat 705, Carr Street, Ipswich2
£99501/240.32 miColman Gardens, 15 Great Colman Street, Ipswich, Suffolk, IP42
£90006/240.32 miGreat Colman Street, Colman Gardens, Ipswich, Suffolk, IP42
£95007/240.32 miBond Street, IPSWICH2
£1,10006/240.32 miNottidge Road, Ipswich2
£3,60005/240.32 mi-2
£3,60010/240.32 mi-2
£92508/240.32 miNottidge Road, Ipswich, Suffolk, IP42
£1,05007/240.34 miBelle Vue Road, Ipswich, Suffolk2
£1,00004/240.35 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£1,00004/240.36 miRope Walk, Ipswich2
£85009/240.36 miOxford Road, IPSWICH2
£95006/240.4 miParade Road, Ipswich, Suffolk, IP42
£99504/240.42 mi-2

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.29 miles away

Nearest school

0.20 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £165,000

October 18, 2024

Floor Plans

Description

  • No Onward Chain +
  • Updating required +
  • Two Reception rooms +
  • Kitchen +
  • Two double bedrooms +
  • First floor bathroom +
  • Gas fired central heating +
  • Walking distance of the town Centre +
  • North East Ipswich +

BELVOIR! Are pleased to bring to the market this two bedroom mid terrace house, situated to the North East side of Ipswich within walking distance of the town centre. The property requires updating, but offers great potential for first time buyers or a buy to let Investment. The property benefits from having an entrance hall, two reception rooms, kitchen, two double bedrooms and first floor bathroom. The property also benefits form gas fired central heating and part double glazing. There are front and rear gardens along with a garden room. The property offers No Onward Chain. ____________________________________________ Accommodation: Entrance Hall has double glazed front door, radiator, laminate flooring, Stairs to first floor. Dining room: 3.37m x 3.09m Window to front aspect, radiator. Lounge: 4.05m x 3.39m Window to rear aspect, radiator, laminate flooring, cupboard under stairs. Kitchen: 2.75m x 2.57m Range of cupboards, drawers and wall cupboards, work tops, fitted cooker, space for fridge/freezer, space for washing machine, window to side aspect, double glazed door to rear garden. First floor: Landing: Bedroom One: 4.05m x 3.37m Double glazed windows to front aspect, radiator, fitted cupboard with gas boiler. Bedroom Two: 4.05m x 3.39m Window to rear aspect, radiator, access to roof space, door to bathroom. Bathroom: 2.75m x 2.57m Panelled bath, low level WC, pedestal wash basin, double glazed window to rear aspect, radiator. Outside there is a front garden, and to the rear a small garden with garden/storage room. _____________________________________________ Awaiting approval of the particulars from our client. Council Tax Band: A Council Tax Band Amount: £1503 _____________________________________________ Disclaimers: At Belvoir Ipswich we endeavour to ensure our sales particulars are accurate and reliable, however, they do not constitute or form part of an offer or contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Belvoir and our partners provide a wide range of services to buyers, although you are free to use an alternative provider. For more information simply speak to one of our team today. We can refer you to The Mortgage Advice Bureau for help with finance. We may receive a fee of up to £250.00, if you decide to take a mortgage through them. If you require a solicitor to handle your purchase, then we can refer you to KMA solicitors. We may receive a fee of £100.00, if you decide to use their services. Whilst our referrals come highly recommended, you are free to use alternative providers throughout the process. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. EPC rating: D. Tenure: Freehold,

Agent Details

Belvoir, Ipswich

01473 943916

Next Steps?

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