2 Bed Flat, Single Let, Ipswich, IP3 9QJ, £140,000

1 Hening Avenue, Ipswich, IP3 9QJ - 6 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£122.5K - £332K
Sold Prices/m²£1.8K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£154,601
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£850 - £1,500

Rent Estimate

£866

Running Costs/mo

£631

Cashflow/mo

£235

Cashflow/yr

£2,824

ROI

7%

Gross Yield

7%

Local Sold Prices

26 sold prices from £122.5K to £332K, average is £143K. £1.8K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£145K08/210 mi99, Hening Avenue, Ipswich, Suffolk IP3 9QJ2
£143K11/210.07 mi43, Ravenswood Avenue, Ipswich, Suffolk IP3 9GG2
£332K12/220.08 mi30, Witney Close, Ipswich, Suffolk IP3 9QF2
£124.5K05/210.16 mi21, Lackford Place, Ipswich, Suffolk IP3 9UQ2
£155K01/230.16 mi10, Demoiselle Crescent, Ipswich, Suffolk IP3 9UE2
£136K12/200.18 mi46, Demoiselle Crescent, Ipswich, Suffolk IP3 9UE2
£140.5K10/200.19 mi228, Ravenswood Avenue, Ipswich, Suffolk IP3 9TR2
£165K06/210.19 mi25, Pashford Place, Ipswich, Suffolk IP3 9UL2
£131.5K11/200.19 mi6, Pashford Place, Ipswich, Suffolk IP3 9UL2
£142K03/210.22 mi72, Mansbrook Boulevard, Ipswich, Suffolk IP3 9GJ2
£135K03/210.22 mi82, Mansbrook Boulevard, Ipswich, Suffolk IP3 9GJ2
£143K12/200.26 mi162, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£140K06/210.26 mi92, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£160K04/230.26 mi88, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£150K02/210.26 mi100, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£130K10/210.31 mi9, Sloeberry Road, Ipswich, Suffolk IP3 9UT2
£155K12/200.33 mi15, Fen Bight Circle, Ipswich, Suffolk IP3 9UX2
£122.5K07/210.33 mi7, Fen Bight Circle, Ipswich, Suffolk IP3 9UX2
£172K02/230.38 mi288, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£147.5K11/200.38 mi314, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£175K11/220.38 mi310, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£170K09/220.39 mi306, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£140K06/230.6 mi21, Pearse Way, Purdis Farm, Ipswich, Suffolk IP3 8TF2
£128K11/210.74 mi8, Porter Road, Purdis Farm, Ipswich, Suffolk IP3 8UY2
£143K06/230.74 mi59, Mill Road Drive, Purdis Farm, Ipswich, Suffolk IP3 8UT2
£147.5K06/230.74 mi67, Mill Road Drive, Purdis Farm, Ipswich, Suffolk IP3 8UT2

Local Rents

14 rents from £850/mo to £1.5K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£85004/240 miHening Avenue, IP32
£98012/240.08 mi-2
£98012/240.08 mi-2
£1,50004/240.08 miWitney Close, Ipswich2
£90012/240.16 mi-2
£99512/240.16 mi-2
£90003/240.16 mi-2
£85005/240.16 miDemoiselle Crescent, Ravenswood, Ipswich, IP32
£87501/240.21 miMansbrook Boulevard, Ipswich, Suffolk2
£95004/240.26 miAlnesbourn Crescent, IPSWICH2
£87506/240.34 miRavenswood2
£92505/240.6 miPearse Way, Warren Heath, IP32
£1,00004/240.61 mi-2
£1,00003/250.61 mi-2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

2.29 miles away

Nearest school

0.20 miles away

Nearest train station

1.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £140,000

October 21, 2024

Floor Plans

Description

  • Two large double bedrooms +
  • Ample storage cupboards +
  • Open plan kitchen/diner/lounge +
  • One allocated parking space +
  • Great access to A12/A14 +
  • Situated in the highly desirable Ravenswood +
  • Short walks to local shops, restaurants, supermarkets and doctors +

SUMMARY
This well-presented ground floor flat benefits from two large double bedrooms, ample storage cupboards, an open plan kitchen/diner/lounge and one allocated parking space.

DESCRIPTION
.

Entrance Hall 14' 3" x 6' 3" ( 4.34m x 1.91m )
Carpet flooring, a double storage cupboard, a further single storage cupboard and one radiator.

Kitchen/Diner/Lounge 19' 5" x 10' 6" ( 5.92m x 3.20m )
Double glazed windows to the front, one is floor to ceiling allowing in ample natural light, tiled effect flooring to the kitchen area, carpet flooring to the lounge area, two radiators, and TV point. The kitchen itself boasts a range of eye and base level units in grey with grey stone effect worktop surfaces, tiled splashback throughout, a stainless steel sink plus drainer and chrome mixer tap, space for a cooker, fridge/freezer and washing machine, a boxed in boiler and an extractor fan.

Bedroom One 15' 1" x 10' 6" ( 4.60m x 3.20m )
Double glazed window to the rear with fitted shutters, carpet flooring and one radiator.

Bedroom Two 15' 2" x 8' 6" ( 4.62m x 2.59m )
Double glazed window to the rear, carpet flooring and one radiator.

Bathroom 7' x 5' 7" ( 2.13m x 1.70m )
Low level WC, pedestal wash hand basin, a bath with overhead shower, part tiled walls, shaver point, one radiator and an extractor fan.

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. General: While we 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 pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Ipswich

01473 943298

Next Steps?

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