2 Bed Flat, Single Let, Ipswich, IP3 0DT, £123,000

Wykes Bishop Street, Ipswich, IP3 0DT - 1 views - 5 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+18 photos

ValuationUndervalued

Sold Prices£55K - £322.5K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£152,321
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,750

Stamp Duty & Legal Fees

£7,350

Total Cash In

£38,100

 

 

Cash Out

 

Rent Range

£800 - £4,000

Rent Estimate

£900

Running Costs/mo

£584

Cashflow/mo

£316

Cashflow/yr

£3,788

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £55K to £322.5K, average is £134.5K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£140K11/210.07 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£130K10/220.09 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£138.5K10/220.09 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£140K12/220.1 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.1 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125.5K05/210.11 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£151.5K12/200.11 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£147K10/220.11 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.11 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£114K01/230.12 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£130K02/230.13 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.13 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.13 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£125K06/210.13 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£120K04/210.15 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.15 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.15 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.15 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.15 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K04/230.15 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.15 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£133K09/220.15 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£322.5K06/230.25 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.25 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.25 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.25 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.25 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£320K04/210.32 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£108K11/210.47 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£142K02/230.51 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£120K10/200.51 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£137.5K04/230.53 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£135K11/210.55 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£115K08/210.57 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£110K10/210.58 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£134K10/220.59 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£110K12/200.64 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.64 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£180K05/210.64 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£155K07/230.66 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£153.5K12/220.67 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£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
£161K09/210.71 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£135K03/230.75 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£55K10/200.77 miFlat 17, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£120K01/230.77 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£123.5K04/210.78 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2

Local Rents

53 rents from £800/mo to £4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.05 mi-2
£1,20012/240.05 mi-2
£1,25012/240.06 mi-2
£95001/240.06 miAnchor Street, Ipswich2
£85012/240.07 mi-2
£87501/240.08 miTye Road, Ipswich, Suffolk, IP32
£1,10005/240.08 miAnchor Street, Ipswich2
£1,10012/240.09 mi-2
£87506/240.09 miHope Court, Modus2
£1,15001/240.09 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.09 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£95004/240.1 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£1,10005/240.11 miPatteson Road, Ipswich2
£1,10005/240.11 miPatteson Road, IPSWICH2
£85005/240.13 miIsham Place, Ipswich, Suffolk, IP32
£88505/240.13 miIsham Place, Ipswich2
£89512/240.13 mi-2
£95012/240.15 mi-2
£85001/240.15 miPownall Road, Ipswich, Suffolk, IP32
£99504/240.16 miNeptune Marina, Ipswich, IP32
£1,05005/240.17 miCoprolite Street, Ipswich2
£1,10004/240.17 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£1,20010/240.17 mi-2
£1,20010/240.17 mi-2
£97505/240.17 miCoprolite Street, Ipswich2
£80012/240.18 miFore Hamlet, Ipswich2
£82501/240.21 miFore Hamlet, Ipswich2
£1,15001/240.25 miNeptune Square, Ipswich, IP42
£1,20007/240.25 miNeptune Square, Ipswich, IP42
£95008/240.25 miNeptune Square, Ipswich, IP42
£87505/240.25 miMitre Way, Ipswich2
£1,20001/240.25 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.25 miNeptune Square, Ipswich2
£1,20007/240.25 miNeptune Square, Ipswich, IP42
£1,25008/240.25 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.25 miNeptune Square, Ipswich, Suffolk, IP42
£90003/250.26 mi-2
£80001/240.3 miFore Street, Ipswich, Suffolk, IP42
£1,00007/240.32 miStoke Quay, IP22
£95008/240.32 miStoke Quay, Ipswich, IP22
£98508/240.34 miStoke Quay, Ipswich2
£98509/240.34 miStoke Quay, Ipswich2
£4,00011/240.37 mi-2
£4,00011/240.37 mi-2
£1,00004/240.37 miThe Winerack, Key Street, Ipswich2
£1,20007/240.37 miThe Winerack, Key Street, Ipswich2
£1,00007/240.37 miThe Winerack, Key Street, Ipswich2
£1,15007/240.37 miThe Winerack, Key Street, Ipswich2
£1,09508/240.37 miThe Cambria, Key Street, Ipswich2
£1,05008/240.37 miThe Winerack, Key Street, Ipswich2
£1,12501/240.37 mi44 The Cambria, Regatta Quay, Key Street, Ipswich, Suffolk, IP42
£1,25007/240.37 miThe Cambria, Quay Street, Ipswich, IP42
£1,25007/240.37 miThe Cambria, Quay Street, Ipswich, IP42

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.53 miles away

Nearest school

0.40 miles away

Nearest train station

0.76 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 £123,000

February 28, 2025

Price changed to £125,000

January 31, 2025

Price changed to £113,000

January 19, 2025

Price changed to £115,000

January 11, 2025

Price changed to £117,000

January 2, 2025

Price changed to £119,000

December 20, 2024

Price changed to £121,000

December 13, 2024

Listed for £123,000

November 14, 2024

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Well Maintained Property +
  • Easy Access to Local Amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom Flat located in Ipswich. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a lounge, a kitchen, and a bathroom.

Investment details

It currently produces an annual gross income of £10,800. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater details on this property's investment potential.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so they hope to remain in the property.

Let Property Sales is committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪