2 Bed Flat, Single Let, Ipswich, IP4 2HZ, £140,000

211C Cemetery Road, Ipswich, IP4 2AL - 4 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+7 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£147,429
BMV5%

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

£700 - £3,600

Rent Estimate

£766

Running Costs/mo

£611

Cashflow/mo

£155

Cashflow/yr

£1,864

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£135K03/230.03 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£130K04/210.16 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.16 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.16 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.16 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.16 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£146.5K01/230.16 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.16 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£145K07/210.2 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£134K10/220.27 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£115K08/210.28 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£125K04/230.31 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.31 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.31 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£142K02/230.47 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£167.5K11/220.52 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£322.5K06/230.58 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.58 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.58 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.58 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.58 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£120K12/220.59 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£133K09/220.63 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.64 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.64 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.64 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.64 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.64 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£161K09/210.65 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£135K04/230.65 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.65 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£151.5K12/200.67 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£130K02/230.67 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.67 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.67 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£125.5K05/210.68 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.69 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.69 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125K06/210.69 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£138.5K10/220.7 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£114K01/230.7 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£140K11/210.71 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£130K10/220.71 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£150K02/210.74 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.74 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.74 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.74 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£147K10/220.75 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.75 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£320K04/210.79 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2

Local Rents

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

RentDateDistanceAddressBeds 
£85004/240.03 miCemetery Road, Ipswich, Suffolk, IP42
£1,00006/240.03 miSuffolk Road, Ipswich, Suffolk, IP42
£85004/240.04 mi-2
£85007/240.05 miNorfolk Road, Ipswich, Suffolk, UK, IP42
£87504/240.05 mi-2
£90005/240.05 miFinchley Road2
£92504/240.06 mi-2
£92504/240.06 mi-2
£92507/240.07 miFinchley Road, Ipswich2
£87505/240.08 miSuffolk Road, IP42
£99510/240.11 mi-2
£75004/240.14 miChristchurch Street, Ipswich2
£95007/240.15 miMeridian Rise, Ipswich, Suffolk, IP42
£95008/240.15 miMeridian Rise, Ipswich, Suffolk, IP42
£95001/240.16 miMeridian Rise, Ipswich2
£1,05006/240.16 miMeridian Rise, IPSWICH2
£97506/240.16 miCemetery Road, Ipswich, IP42
£87503/250.17 mi-2
£97504/240.18 miChristchurch Street,Ipswich,IP42
£1,00005/240.18 miChristchurch Street, Ipswich2
£99504/240.18 miWoodbridge Road, Ipswich, IP42
£70004/240.19 miWithipoll Street, Ipswich, IP42
£89504/240.2 miHervey Street, Ipswich2
£95012/230.22 mi-2
£87504/240.22 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£87507/240.22 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£95009/240.22 miBramley Hill, IPSWICH2
£1,00008/240.23 miBramley Hill, Ipswich2
£1,10009/240.24 mi-2
£80004/240.24 miWoodbridge Road, Ipswich, Suffolk, IP42
£1,10007/240.24 miWoodbridge Road, Ipswich, Suffolk, IP42
£94501/240.27 miBelle Vue Road, Ipswich, Suffolk, IP42
£97504/240.27 mi-2
£1,10006/240.29 miNottidge Road, Ipswich2
£92508/240.29 miNottidge Road, Ipswich, Suffolk, IP42
£1,05007/240.29 miBelle Vue Road, Ipswich, Suffolk2
£87504/240.3 miSt Helens Street, Ipswich2
£90007/240.3 miSt Helens Street, Ipswich2
£77508/240.3 miSt. Helens Street, Ipswich2
£75008/240.3 miSt. Helens Street, Ipswich2
£85009/240.35 miOxford Road, IPSWICH2
£95006/240.35 miParade Road, Ipswich, Suffolk, IP42
£95007/240.35 miBond Street, IPSWICH2
£1,00004/240.36 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£82507/240.36 miFlat 705, Carr Street, Ipswich2
£3,60005/240.37 mi-2
£3,60010/240.37 mi-2
£99501/240.37 miColman Gardens, 15 Great Colman Street, Ipswich, Suffolk, IP42
£90006/240.37 miGreat Colman Street, Colman Gardens, Ipswich, Suffolk, IP42
£1,00004/240.37 miRope Walk, Ipswich2
£97507/240.38 miParade Road, Ipswich, IP42

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.28 miles away

Nearest school

0.20 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £140,000

October 25, 2024

Sold for £118,500

2019

Sold for £104,000

2015

Sold for £100,000

2006

Floor Plans

Description

  • CHAIN FREE +
  • IP4 NORTHGATE CATCHMENT (STA) +
  • PURPOSE BUILT FLAT +
  • FIRST FLOOR +
  • TWO BEDROOMS +
  • BAY WINDOW +
  • GAS TO RADIATOR HEATING +
  • DOUBLE GLAZING +
  • COMMUNAL GARDEN +
  • PERMIT PARKING (LOCAL AUTHORITY) +

CHAIN FREE: A purpose built two bedroom first floor flat located in the popular and convenient IP4 area close to schooling and the town centre.

Property: - A great opportunity to acquire this two bedroom purpose built first floor flat located in this convenient IP4 position. The property would ideally suit a first time buyer or investment purchaser whilst the deceptively spacious accommodation comprises:- entrance hallway, living room, kitchen, two bedrooms and bathroom. Outside there are communal gardens and a storage room.

Council Tax: Band A
Ipswich

Location: - Location: - Ipswich Town centre is within one mile and offers a variety of shopping and leisure facilities including cafes, restaurants and theatres. Ipswich mainline station is also only 2.4 miles away with links to London Liverpool Street, Norwich and Cambridge. The local area is also serviced by a number of Primary and Secondary Schools including St. Margaret's primary and Northgate High School.

Communal Entrance Hallway: - Communal entrance door to:- communal entrance hall with stairs to first floor landing and door to communal gardens.

Entrance Hall: - Double glazed frosted entrance door to:-Radiator, access to loft space, wall mounted thermostat and built in airing cupboard.

Living Room: - 3.86m x 3.68m (12'8 x 12'1) - Double glazed bay window to front elevation, radiator, fire surround with inset coal effect fire (not tested).

Kitchen: - 34.14m x 2.26m (112 x 7'5) - Double glazed window to rear elevation, stainless steel sink unit with mixer tap and cupboards under, a range of floor standing cupboards with adjacent work tops, wall mounted double cupboard, wall mounted gas boiler, built in electric hob with electric oven under, space for fridge/freezer, space for washing machine, space for slimline dishwasher, built in storage cupboard and built in larder (with double glazed window to rear).

Bedroom One: - 3.94m x 3.00m (12'11 x 9'10) - Double glazed window to front elevation, radiator and built in alcove cupboard.

Bedroom Two: - 3.18m x 2.34m (10'5 x 7'8) - Double glazed window to rear elevation, radiator and built in double wardrobe cupboard.

Bathroom: - 1.85m x 1.83m (6'1 x 6'0) - Double glazed frosted window to rear elevation, low level WC, wash hand basin with vanity cupboard under, panel bath with mixer tap shower over, tiled splashbacks and radiator.

Outside: - To the rear of the property there are communal gardens and a brick storage area. A permit can be obtained for parking via local authority ( chargeable per annum ) for the street.

Lease/Service Charges: - Lease length: 125 years
Lease remaining: 89 years
Service charge: Approximately £500 per annum
Ground rent: £10.00 per annum

Agent Details

Grace Estate Agents, Ipswich

01473 943361

Next Steps?

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