2 Bed Flat, Single Let, Ipswich, IP1 2QB, £130,000

Yeoman Close, Ipswich, IP1 2QB - 6 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~62 m²
+15 photos

ValuationUndervalued

Sold Prices£64K - £190.5K
Sold Prices/m²£1.6K/m² - £3.2K/m²

 

 

Square Metres

~61.70 m²
Price/m²£2.1K/m²

Value Estimate

£133,907
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£40,300

 

 

Cash Out

 

Rent Range

£695 - £1,850

Rent Estimate

£791

Running Costs/mo

£584

Cashflow/mo

£207

Cashflow/yr

£2,479

ROI

6%

Gross Yield

7%

Local Sold Prices

42 sold prices from £64K to £190.5K, average is £132.5K. £1.6K/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£110K12/200 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£120K11/200.04 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.04 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£115K09/210.25 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£105K11/210.28 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£142K05/230.3 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£64K03/230.33 miFlat 510, The Spectrum, Dunlop Road, Ipswich, Suffolk IP2 0UJ2
£127.8K03/210.38 mi64, Fulham Way, Ipswich, Suffolk IP1 4FD2
£115K04/210.45 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.45 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£139K11/220.52 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£150K10/220.54 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£123.5K10/200.54 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.54 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£121K05/210.56 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K05/210.56 mi46, Holman Court, Ipswich, Suffolk IP2 0ES2
£132.5K02/210.56 mi6, Holman Court, Ipswich, Suffolk IP2 0ES2
£120K02/230.56 mi34, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K10/220.56 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£121K05/210.58 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K11/220.58 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£137.5K12/220.59 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£127K09/210.61 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.61 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.61 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£137K12/210.61 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£167.5K11/220.78 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£147K12/220.8 mi9, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£148K06/230.8 mi21, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£132.5K07/210.8 mi25, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£132.5K07/230.8 mi27, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£161K09/210.81 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£150K02/210.81 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.81 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.81 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.81 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£147.5K04/230.82 mi46, Hyperion Court, Ipswich, Suffolk IP1 5AJ2
£145K12/220.85 mi107, Saturn Road, Ipswich, Suffolk IP1 5PS2
£130K01/230.87 mi101, Saturn Road, Ipswich, Suffolk IP1 5PS2
£145K01/230.87 mi133, Saturn Road, Ipswich, Suffolk IP1 5PS2
£190.5K09/210.91 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£120K08/210.95 mi5, Spinner Close, Ipswich, Suffolk IP1 5RA2

Local Rents

51 rents from £695/mo to £1.9K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£89504/240 miYeoman Close, Ipswich, IP12
£87505/240 miYeoman Close, Ipswich, IP12
£92505/240.13 miBeaconsfield Road, IPSWICH2
£1,10011/240.17 mi-2
£1,10011/240.17 mi-2
£77504/240.18 miLondon Road, Ipswich, IP12
£99504/240.18 miBeaconsfield Road, IPSWICH2
£69512/230.2 mi-2
£80006/240.2 miLondon Road, Ipswich2
£95003/240.24 mi-2
£90012/240.24 mi-2
£80004/240.25 miChevallier Street, Ipswich, Suffolk, IP12
£85004/240.25 miRendlesham Road, Ipswich2
£90004/240.26 miRendlesham Road, Ipswich, Suffolk, IP12
£90002/240.26 miBramford Road, Ipswich2
£85004/240.26 miRendlesham Road, IP12
£86003/240.27 mi-2
£95005/240.28 miWellington Street, IPSWICH2
£90003/240.29 miBulwer Road, Ipswich, Suffolk, IP12
£1,85004/240.3 mi-2
£1,40005/240.3 mi-2
£1,55009/240.3 mi-2
£1,40011/240.3 mi-2
£1,40003/250.3 mi-2
£1,55001/250.3 mi-2
£1,84004/240.3 mi-2
£1,84006/240.3 mi-2
£1,84012/240.3 mi-2
£1,50004/250.3 mi-2
£87506/240.3 miCullingham Road, Ipswich, IP12
£85002/250.32 mi-2
£85006/240.32 mi25 Elm Street, Ipswich, IP12
£89506/240.32 miProvidence Lane, Ipswich, IP12
£75008/240.33 miDunlop Road, Ipswich2
£85004/240.36 miNorwich Court, Chevallier Street, Ipswich, Suffolk, IP12
£82505/240.36 miNorwich Court, Chevallier Street, Ipswich, Suffolk, IP12
£1,15012/240.37 mi-2
£1,80004/250.37 mi-2
£82504/240.38 miChevallier Street, Ipswich, IP12
£82504/240.38 mi-2
£87512/240.38 mi-2
£95005/240.38 miBurlington Road, Ipswich2
£99506/240.4 miBramford Lane, IPSWICH2
£85004/240.43 miAnn Street, Ipswich, IP12
£90005/240.43 miAnn Street, Ipswich, IP12
£1,05011/240.45 mi-2
£1,20004/240.45 mi-2
£85012/240.45 mi-2
£99503/240.45 mi-2
£1,40004/240.46 mi-2
£80004/240.47 miNorwich Road, Ipswich, Suffolk, IP12

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £130,000

October 24, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • 3RD FLOOR APARTMENT +
  • OPEN PLAN LOUNGE/DINING/KITCHEN +
  • 2 BEDROOMS +
  • EN-SUITE & BATHROOM +
  • RIVER VIEWS +
  • BALCONY +
  • UNDER COVER ALLOCATED PARKING +
  • ELECTRIC CONVECTOR HEATERS +
  • WALKING DISTANCE TO T/C, SHOPS, SCHOOLS & BUS SERVICE +

NO ONWARD CHAIN - We are delighted to be offering for sale this beautifully well presented 2 bedroom 3rd floor apartment which has been refurbished to a good standard by the current owner. The apartment is within walking distance to the town centre, local supermarket, schools, rail station, retail park and easy access to A12/A14 trunk roads. The apartment offers a balcony with river views, entrance hall, open plan kitchen/dining/lounge, 2 bedrooms with master with en-suite plus family bathroom, double glazing throughout, electric convector heating and under cover allocated parking. DON'T MISS OUT. 

COMMUNAL ENTRANCE Double glazed communal door into entrance hall with Pidgeon hole letter boxes for apartments, stairs to all floors, a lift is accessible via neighbouring block.  

ENTRANCE HALL Laminate flooring, electric convector heater, airing cupboard housing hot water cylinder, doors to bedrooms, kitchen and bathroom. 

KITCHEN AREA 11' 7" x 9' (3.53m x 2.74m) Modern fitted kitchen with eye level and matching base units with roll edge work tops, breakfast bar, 4 ring electric hob with modern extractor over, electric wall oven, integrated fridge/freezer, laminate flooring. 

LOUNGE/DINING 13' 0" x 11' 7" (3.96m x 3.53m) Laminate flooring, panelled walls, double glazed window to rear aspect with river views, double glazed door onto balcony over looking the river and tree tops. 

BEDROOM 1 16' 2" max x 8' 9" max (4.93m x 2.67m) Carpeted flooring, electric convector heater, double glazed window and door out to balcony with river views, 2 door built in wardrobe, door into en-suite. 

EN-SUITE 7' 3" max x 5' 5" max (2.21m x 1.65m) Comprising low level WC, wash hand basin with storage cupboards under, shower cubicle, heated towel rail, double glazed window to side aspect, extractor fan, tiled flooring, shaver socket. 

BEDROOM 2 10' x 7' 2" (3.05m x 2.18m) Carpeted flooring, electric convector heater, double glazed window to rear aspect with river views. 

BATHROOM 7' 4" x 5' 6" (2.24m x 1.68m) Comprising low level WC, wash hand basin and bath with mixer shower attachment, vinyl floor covering, extractor fan, heated towel rail, panelled wall. 

PARKING Under cover parking fob for remote controlled shutter door with designated parking space for one car. 

LEASE DETAILS 106 remaining years.
Service charge Current £2,400.00 P.A.
Ground rent £250.00 P.A. 

SERVICES We understand all mains services are connected (Except for Gas). 

NEAREST SCHOOLS Handford Hall primary school, Westbourne Academy. 

COUNCIL Ipswich Borough Council
Council Tax Band (B) £1,753.15 

CONSUMER PROTECTION REGULATIONS 2008 Your Ipswich Ltd has not tested any electrical items, appliances, plumbing or heating systems and therefore cannot testify that they are operational. These particulars are set out as a general outline only for the guidance of potential purchasers or tenants and do not constitute an offer or contract. Photographs are not necessarily comprehensive or current and all descriptions, dimensions, references to condition necessary permissions for use and occupation and other details are given in good faith and believed to be correct but should not be relied upon as statements of, or representations of, fact. Intending purchasers or tenants must satisfy themselves by inspection or otherwise as to the correctness of each of them. We have taken steps to comply with Consumer Protection Regulations 2008, which require both the seller and their agent to disclose anything, within their knowledge, that would affect the buying decision of the average consumer. If there are any aspects of this property that you wish to clarify before arranging an appointment to view or considering an offer to purchase, please contact us and we will make every effort to be of assistance.

Your Ipswich Ltd, as part of their service to both vendor and purchaser, offer assistance to arrange mortgage and insurance policies, legal services, energy performance certificates, and the valuation and sale of any property relating to any purchaser connected to this transaction. Your Ipswich Ltd confirms they will not prefer one purchaser above another solely because he/she has agreed to accept the offer of any other service from Your Ipswich Ltd. Referral commission (where received) is in the range of £60 to £200.

Agent Details

Your Ipswich, Ipswich

01473 943856

Next Steps?

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