2 Bed Terraced House, Single Let, Ipswich, IP1 2JJ, £105,000

40 Clarkson Street, Ipswich, Suffolk IP1 2JJ - 3 views - 5 months ago

Sold STC

Auction

BTL

ROI: 11%

72 m²

+1 photos

ValuationUndervalued

Sold Prices	£118K - £300K
Sold Prices/m²	£1.3K/m² - £3.8K/m²

Square Metres	72 m²
Price/m²	£1.5K/m²
Value Estimate	£128,100£128,100
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£26,250£26,250
Stamp Duty & Legal Fees	£4,350£4,350
Total Cash In	£30,600£30,600

Cash Out
Rent Range	£695 - £1,850£695 - £1,850
Rent Estimate	£799
Running Costs/mo	£508£508
Cashflow/mo	£291£291
Cashflow/yr	£3,493£3,493
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £118K to £300K, average is £176K. £1.3K/m² to £3.8K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£125K	04/21	0.03 mi	7, Granville Street, Ipswich, Suffolk IP1 2JE	£2,155	58	2	Semi-Detached House
£137.5K	12/20	0.03 mi	15, Granville Street, Ipswich, Suffolk IP1 2JE	£1,786	77	2	Semi-Detached House
£180K	06/23	0.06 mi	15, Wilberforce Street, Ipswich, Suffolk IP1 2JP	£2,244	80	2	Terraced House
£170K	07/21	0.1 mi	52, Ann Street, Ipswich, Suffolk IP1 3PD	£2,464	69	2	Terraced House
£142K	03/21	0.1 mi	33, Ann Street, Ipswich, Suffolk IP1 3PD	£2,185	65	2	Terraced House
£158K	08/23	0.1 mi	51, Ann Street, Ipswich, Suffolk IP1 3PD	£2,738	58	2	Terraced House
£158K	10/21	0.11 mi	40, Rendlesham Road, Ipswich, Suffolk IP1 2LY	£2,508	63	2	Terraced House
£158K	04/23	0.11 mi	14, Rendlesham Road, Ipswich, Suffolk IP1 2LY	£2,633	60	2	Terraced House
£118K	03/21	0.12 mi	47, Rendlesham Road, Ipswich, Suffolk IP1 2LX	£1,788	66	2	Terraced House
£300K	02/21	0.12 mi	23, Alpe Street, Ipswich, Suffolk IP1 3NZ	£3,409	88	2	Semi-Detached House
£279K	08/21	0.12 mi	17, Alpe Street, Ipswich, Suffolk IP1 3NZ	£2,657	105	2	Semi-Detached House
£237.5K	03/23	0.13 mi	36, Orford Street, Ipswich, Suffolk IP1 3NS	£2,426	98	2	Terraced House
£123K	01/21	0.14 mi	24, Dillwyn Street West, Ipswich, Suffolk IP1 2HP	£2,085	59	2	Terraced House
£210K	08/22	0.15 mi	95a, Victoria Street, Ipswich, Suffolk IP1 2JX	-	-	2	Detached House
£185K	10/21	0.16 mi	14, Cardigan Street, Ipswich, Suffolk IP1 3PF	£2,681	69	2	Terraced House
£133K	11/20	0.17 mi	69, Elliott Street, Ipswich, Suffolk IP1 2HJ	£2,254	59	2	Terraced House
£142.5K	02/21	0.2 mi	75, Sirdar Road, Ipswich, Suffolk IP1 2LB	£2,298	62	2	Terraced House
£150K	03/23	0.2 mi	9, Elliott Street, Ipswich, Suffolk IP1 2HN	£2,239	67	2	Terraced House
£230K	07/23	0.32 mi	46, St Georges Street, Ipswich, Suffolk IP1 3LH	£2,644	87	2	Semi-Detached House
£175K	12/20	0.35 mi	69, Cullingham Road, Ipswich, Suffolk IP1 2EG	£2,127	82	2	Terraced House
£226K	12/22	0.35 mi	53, High Street, Ipswich, Suffolk IP1 3QL	£2,739	83	2	Semi-Detached House
£167K	04/21	0.36 mi	55, Waterloo Road, Ipswich, Suffolk IP1 4EA	£2,012	83	2	Terraced House
£185K	01/21	0.36 mi	67, Cullingham Road, Ipswich, Suffolk IP1 2EG	£2,229	83	2	Semi-Detached House
£210K	07/23	0.44 mi	20, All Saints Road, Ipswich, Suffolk IP1 4DG	£2,428	87	2	Terraced House
£195K	10/20	0.44 mi	25, Tower Mill Road, Ipswich, Suffolk IP1 4QF	£3,013	65	2	Terraced House
£200K	09/21	0.49 mi	21, Dhobi Place, Ipswich, Suffolk IP1 4QA	£3,571	56	2	Semi-Detached House
£227.5K	05/23	0.5 mi	18, Sherrington Road, Ipswich, Suffolk IP1 4HX	£2,645	86	2	Semi-Detached House
£160K	04/21	0.5 mi	114, Bramford Lane, Ipswich, Suffolk IP1 4DQ	£2,759	58	2	Terraced House
£145K	03/23	0.53 mi	38, Hampton Road, Ipswich, Suffolk IP1 4AP	£2,110	69	2	Terraced House
£177K	11/22	0.55 mi	234, Bramford Road, Ipswich, Suffolk IP1 4AS	£2,360	75	2	Terraced House
£185K	06/23	0.56 mi	130, Richmond Road, Ipswich, Suffolk IP1 4DL	-	-	2	Semi-Detached House
£215K	07/23	0.56 mi	42, Richmond Road, Ipswich, Suffolk IP1 4DP	£2,443	88	2	Semi-Detached House
£140K	08/21	0.56 mi	26, Richmond Road, Ipswich, Suffolk IP1 4DP	-	-	2	Terraced House
£220K	11/21	0.57 mi	55, Allenby Road, Ipswich, Suffolk IP2 0EN	£3,143	70	2	Semi-Detached House
£217K	06/23	0.58 mi	305, Bramford Road, Ipswich, Suffolk IP1 4AT	£2,679	81	2	Terraced House
£175K	04/23	0.59 mi	185, Bramford Lane, Ipswich, Suffolk IP1 4DS	£2,536	69	2	Terraced House
£180K	02/21	0.6 mi	176, Ranelagh Road, Ipswich, Suffolk IP2 0AB	£1,343	134	2	Terraced House
£165K	03/21	0.6 mi	22, Surbiton Road, Ipswich, Suffolk IP1 4AX	£2,100	79	2	Semi-Detached House
£290K	01/23	0.61 mi	20, Kensington Road, Ipswich, Suffolk IP1 4LD	£3,718	78	2	Detached House
£170K	03/21	0.61 mi	17, Surbiton Road, Ipswich, Suffolk IP1 4AX	£1,910	89	2	Terraced House
£160K	08/21	0.62 mi	42, Surbiton Road, Ipswich, Suffolk IP1 4AX	£2,963	54	2	Terraced House
£172.5K	09/21	0.62 mi	57, Surbiton Road, Ipswich, Suffolk IP1 4AX	£2,575	67	2	Semi-Detached House
£200K	12/22	0.62 mi	49, Ranelagh Road, Ipswich, Suffolk IP2 0AD	£2,869	70	2	Semi-Detached House
£130K	10/20	0.62 mi	29, Ranelagh Road, Ipswich, Suffolk IP2 0AD	£2,031	64	2	Semi-Detached House
£185K	01/23	0.63 mi	3, Riverside Road, Ipswich, Suffolk IP1 4AR	£3,154	59	2	Terraced House
£185K	09/21	0.65 mi	34, Fulham Way, Ipswich, Suffolk IP1 4FD	-	-	2	Semi-Detached House
£211.8K	06/23	0.71 mi	62, Bolton Lane, Ipswich, Suffolk IP4 2BY	£3,781	56	2	Terraced House
£175K	12/20	0.73 mi	348, Norwich Road, Ipswich, Suffolk IP1 4EJ	£2,273	77	2	Semi-Detached House
£153K	03/21	0.73 mi	306, Bramford Road, Ipswich, Suffolk IP1 4BB	£2,217	69	2	Terraced House
£189K	12/22	0.73 mi	276, Bramford Lane, Ipswich, Suffolk IP1 4ES	£2,864	66	2	Terraced House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£875	12/24	0.03 mi	-	2	Terraced House
£900	03/24	0.07 mi	Bulwer Road, Ipswich, Suffolk, IP1	2	Terraced House
£1,150	12/24	0.08 mi	-	2	Terraced House
£1,800	04/25	0.08 mi	-	2	Terraced House
£850	06/24	0.09 mi	25 Elm Street, Ipswich, IP1	2	Flat
£850	04/24	0.1 mi	Ann Street, Ipswich, IP1	2	Terraced House
£900	05/24	0.1 mi	Ann Street, Ipswich, IP1	2	Terraced House
£850	04/24	0.11 mi	Rendlesham Road, Ipswich	2	Terraced House
£850	12/24	0.11 mi	-	2	Flat
£850	04/24	0.12 mi	Rendlesham Road, IP1	2	Terraced House
£1,000	03/24	0.13 mi	-	2	Flat
£900	04/24	0.13 mi	Rendlesham Road, Ipswich, Suffolk, IP1	2	Terraced House
£695	12/23	0.16 mi	-	2	Terraced House
£950	05/24	0.19 mi	Burlington Road, Ipswich	2	Terraced House
£925	05/24	0.2 mi	Newson Street, Ipswich	2	Terraced House
£860	03/24	0.21 mi	-	2	Terraced House
£950	05/24	0.22 mi	Wellington Street, IPSWICH	2	House
£1,100	11/24	0.23 mi	-	2	Terraced House
£1,100	11/24	0.23 mi	-	2	Terraced House
£775	04/24	0.24 mi	London Road, Ipswich, IP1	2	Flat
£800	06/24	0.24 mi	London Road, Ipswich	2	Flat
£1,050	11/24	0.24 mi	-	2	Flat
£1,200	04/24	0.24 mi	-	2	Flat
£950	03/24	0.25 mi	-	2	Flat
£900	12/24	0.25 mi	-	2	Flat
£1,400	04/24	0.25 mi	-	2	Flat
£825	05/24	0.25 mi	Berners Street, IP1	2	Flat
£895	06/24	0.27 mi	Providence Lane, Ipswich, IP1	2	Semi-Detached House
£875	01/24	0.28 mi	-	2	Flat
£850	05/24	0.29 mi	Berners Street	2	Flat
£825	04/24	0.3 mi	Chevallier Street, Ipswich, IP1	2	Flat
£1,850	04/24	0.3 mi	-	2	Flat
£1,400	05/24	0.3 mi	-	2	Flat
£1,550	09/24	0.3 mi	-	2	Flat
£1,400	11/24	0.3 mi	-	2	Flat
£1,400	03/25	0.3 mi	-	2	Flat
£1,550	01/25	0.3 mi	-	2	Flat
£850	02/25	0.3 mi	-	2	Flat
£1,840	04/24	0.3 mi	-	2	Flat
£1,840	06/24	0.3 mi	-	2	Flat
£1,840	12/24	0.3 mi	-	2	Flat
£1,500	04/25	0.3 mi	-	2	Flat
£800	04/24	0.3 mi	Chevallier Street, Ipswich, Suffolk, IP1	2	Terraced House
£850	04/24	0.31 mi	Norwich Court, Chevallier Street, Ipswich, Suffolk, IP1	2	Flat
£825	05/24	0.31 mi	Norwich Court, Chevallier Street, Ipswich, Suffolk, IP1	2	Flat
£795	05/24	0.32 mi	St. Georges Street, IPSWICH	2	Flat
£825	04/24	0.33 mi	-	2	Terraced House
£875	06/24	0.35 mi	Cullingham Road, Ipswich, IP1	2	Terraced House
£895	04/24	0.35 mi	Yeoman Close, Ipswich, IP1	2	Flat
£875	05/24	0.35 mi	Yeoman Close, Ipswich, IP1	2	Flat
£925	05/24	0.39 mi	Beaconsfield Road, IPSWICH	2	Terraced House

Local Area Statistics

Population in IP1	39,36339,363
Population in Ipswich	219,393219,393
Town centre distance	1.08 miles away1.08 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.69 miles away0.69 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+50%+50%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+29%+29%

Property History

Listed for £105,000

November 6, 2024

Sold for £72,500

2005

Sold for £48,000

2001

Floor Plans

Description

Two Double Bedrooms +
Refurbishment Required +
Cellar +
Courtyard Garden +
Walking Distance to Town Centre +
Guide price: £105,000 - £125,000 +
For sale by online livestream auction +
Unless previously sold or withdrawn prior +
11:00am - Wednesday, 11th December 2024 +

FOR SALE BY LIVESTREAM ONLINE AUCTION - 11:00AM, WEDNESDAY, 11th DECEMBER 2024
TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
Two bedroom end terrace property in need of modernisation and updating throughout
The property features a lounge, with door down to the cellar, dining room, kitchen and shower room. Upstairs there are two double bedrooms. The rear garden is courtyard style with side rear pedestrian access. The property requires refurbishment throughout but has the potential to rent for £950pcm once works are completed.

Situated to the west side of Ipswich, the property is located within walking distance of the town centre and local transport links.
VIEWING INFO The next open house viewing is on Friday 22nd November at 12:00pm. Please contact the office to confirm attendance. Tenure: Freehold EPC Rating: D Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts. Buyer's Premium Fee: £1140 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, East Anglia

01603 361653

Next Steps?

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