2 Bed Flat, Single Let, Ipswich, IP3 0FB, £110,000

Siloam Place, Ipswich, Suffolk, IP3 0FB - 6 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£137,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£816

Running Costs/mo

£527

Cashflow/mo

£289

Cashflow/yr

£3,469

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £134.7K. £1.5K/m² to £4.3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£140K12/220 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125.5K05/210 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£138.5K10/220.01 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K10/220.03 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£130K02/230.03 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.03 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.03 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£140K11/210.03 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£125K06/210.04 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£114K01/230.04 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£120K04/210.05 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.05 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.05 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.05 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.05 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K04/230.05 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.05 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£151.5K12/200.05 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£133K09/220.06 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£147K10/220.08 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.08 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
£320K04/210.36 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£142K02/230.41 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£115K08/210.5 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£108K11/210.51 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£134K10/220.51 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£180K05/210.57 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£137.5K04/230.58 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£120K10/200.59 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£155K07/230.59 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£135K11/210.63 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K10/210.66 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£135K03/230.67 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£125K04/230.69 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.69 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.69 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£161K09/210.7 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£146.5K01/230.7 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.7 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£150K02/210.7 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.7 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.7 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.7 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£110K12/200.72 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2

Local Rents

53 rents from £750/mo to £4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£87506/240.03 miHope Court, Modus2
£85005/240.03 miIsham Place, Ipswich, Suffolk, IP32
£88505/240.04 miIsham Place, Ipswich2
£89512/240.04 mi-2
£95004/240.05 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£95012/240.05 mi-2
£87501/240.06 miTye Road, Ipswich, Suffolk, IP32
£85001/240.06 miPownall Road, Ipswich, Suffolk, IP32
£80012/240.09 miFore Hamlet, Ipswich2
£99504/240.11 miNeptune Marina, Ipswich, IP32
£1,05005/240.11 miCoprolite Street, Ipswich2
£1,20010/240.12 mi-2
£1,20010/240.12 mi-2
£1,10004/240.12 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£97505/240.12 miCoprolite Street, Ipswich2
£82501/240.13 miFore Hamlet, Ipswich2
£1,20012/240.15 mi-2
£1,20012/240.15 mi-2
£85012/240.15 mi-2
£95001/240.16 miAnchor Street, Ipswich2
£1,25012/240.16 mi-2
£1,10005/240.18 miAnchor Street, Ipswich2
£1,10012/240.19 mi-2
£1,15001/240.19 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.19 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£87505/240.2 miMitre Way, Ipswich2
£90003/250.2 mi-2
£1,10005/240.21 miPatteson Road, Ipswich2
£1,10005/240.21 miPatteson Road, IPSWICH2
£1,15001/240.21 miNeptune Square, Ipswich, IP42
£1,20007/240.21 miNeptune Square, Ipswich, IP42
£95008/240.21 miNeptune Square, Ipswich, IP42
£1,20001/240.21 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.21 miNeptune Square, Ipswich2
£1,20007/240.21 miNeptune Square, Ipswich, IP42
£1,25008/240.21 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.21 miNeptune Square, Ipswich, Suffolk, IP42
£80001/240.26 miFore Street, Ipswich, Suffolk, IP42
£80005/240.31 miGrimwade Street, Ipswich2
£1,10012/240.32 mi-2
£75005/240.33 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.33 miStar Lane, Ipswich, Suffolk, IP42
£87508/240.33 miStar Lane, Ipswich, Suffolk, UK, IP42
£1,00004/240.33 miRope Walk, Ipswich2
£99504/240.34 miFoxhall Road, Ipswich, Suffolk2
£97504/240.34 miFoxhall Road, IP32
£97505/240.34 miFoxhall Road, Ipswich, Suffolk2
£1,00004/240.34 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£4,00011/240.36 mi-2
£4,00011/240.36 mi-2
£1,00004/240.36 miThe Winerack, Key Street, Ipswich2
£1,20007/240.36 miThe Winerack, Key Street, Ipswich2
£1,00007/240.36 miThe Winerack, Key Street, Ipswich2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.43 miles away

Nearest school

0.40 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Price changed to £110,000

January 31, 2025

Price changed to £115,000

January 11, 2025

Price changed to £120,000

December 26, 2024

Listed for £125,000

October 21, 2024

Floor Plans

Description

  • Close to Ipswich waterfront +
  • Two bedrooms +
  • Off road parking +
  • Patio garden +
  • Pleasant communal gardens +

Home from Home are delighted to offer for sale this ground floor two bedroom apartment on Siloam Place. The apartment is currently tenanted and requires some light re-decoration throughout.

The accommodation comprises:

Hallway: 12'2" x 3'9" (3.71m x 1.15m)
Pendant light fitting. Wall mounted fuse board. Doors off to:

Lounge/Diner/Kitchen: 17'10" x 14'4" (5.43m x 4.36m)
Windows and half-glazed door to rear and patio garden. Wall-mounted night storage heater. 2 x pendant light fittings. Vinyl flooring. Kitchen has base and eye-level cupboards in light beech effect. Grey laminate worktop. Built in oven, hob and extractor fan. Stainless steel sink with drainer and mixer taps. Plumbing for washing machine.

Bedroom 1: 12'4" x 10' (3.75m x 3.04m)
Window to front. Wall mounted night storage heater. Pendant light fitting. Floor is carpeted.

Bedroom 2: 11'3" x 7'9" (3.42m x 2.37m)
Window to front. Wall mounted panel heater. Pendant light fitting. Floor is carpeted.

Bathroom: 8'8" x 5'7" (2.64m x 1.71m)
White sanitary ware including bath with shower fixture above, wash basin with mixer tap, low level flush w/c. Walls half tiled. Extractor fan. Wall mounted electric heater. Vinyl flooring.

Mains water and sewerage connected.

Council tax Band B

Agent Details

Home From Home, Ipswich

01473 943682

Next Steps?

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