2 Bed Flat, Single Let, Ipswich, IP3 0AH, £145,000

83 John Street, Ipswich, Suffolk, IP3 0AH - 2 views - 5 months ago

Leasehold
BTL
ROI: 6%
70 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

70 m²
Price/m²£2.1K/m²

Value Estimate

£156,545
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Total Cash In

£41,800

 

 

Cash Out

 

Rent Range

£800 - £4,000

Rent Estimate

£838

Running Costs/mo

£641

Cashflow/mo

£197

Cashflow/yr

£2,367

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £134.5K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£147K10/220.08 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.08 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£130K10/220.1 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£140K11/210.1 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£138.5K10/220.11 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£114K01/230.11 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£140K12/220.12 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.12 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125.5K05/210.12 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125K06/210.13 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£130K02/230.14 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.14 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.14 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£151.5K12/200.14 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£135K04/230.15 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.15 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£120K04/210.16 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.16 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.16 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.16 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.16 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£133K09/220.17 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£322.5K06/230.3 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.3 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.3 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.3 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.3 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£320K04/210.38 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£142K02/230.51 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£108K11/210.52 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£137.5K04/230.57 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£135K11/210.59 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K10/210.6 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£115K08/210.61 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£180K05/210.61 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£155K07/230.62 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£134K10/220.62 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£110K12/200.67 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.67 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£153.5K12/220.69 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£150K02/210.75 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.75 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.75 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.75 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£161K09/210.76 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£135K03/230.78 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£125K04/230.8 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.8 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.8 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K01/230.81 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2

Local Rents

52 rents from £800/mo to £4K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£87501/240.07 miTye Road, Ipswich, Suffolk, IP32
£1,25012/240.08 mi-2
£95004/240.09 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£1,20012/240.09 mi-2
£1,20012/240.09 mi-2
£1,10005/240.1 miAnchor Street, Ipswich2
£87506/240.1 miHope Court, Modus2
£95001/240.1 miAnchor Street, Ipswich2
£1,10012/240.1 mi-2
£1,15001/240.1 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.1 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£85012/240.11 mi-2
£1,10005/240.13 miPatteson Road, Ipswich2
£1,10005/240.13 miPatteson Road, IPSWICH2
£85005/240.14 miIsham Place, Ipswich, Suffolk, IP32
£88505/240.14 miIsham Place, Ipswich2
£89512/240.16 mi-2
£95012/240.17 mi-2
£85001/240.17 miPownall Road, Ipswich, Suffolk, IP32
£99504/240.21 miNeptune Marina, Ipswich, IP32
£80012/240.21 miFore Hamlet, Ipswich2
£1,05005/240.21 miCoprolite Street, Ipswich2
£1,10004/240.21 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£1,20010/240.21 mi-2
£1,20010/240.21 mi-2
£97505/240.21 miCoprolite Street, Ipswich2
£87505/240.22 miMitre Way, Ipswich2
£90003/250.23 mi-2
£82501/240.24 miFore Hamlet, Ipswich2
£1,15001/240.3 miNeptune Square, Ipswich, IP42
£1,20007/240.3 miNeptune Square, Ipswich, IP42
£95008/240.3 miNeptune Square, Ipswich, IP42
£1,20001/240.3 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.3 miNeptune Square, Ipswich2
£1,20007/240.3 miNeptune Square, Ipswich, IP42
£1,25008/240.3 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.3 miNeptune Square, Ipswich, Suffolk, IP42
£80001/240.35 miFore Street, Ipswich, Suffolk, IP42
£1,00007/240.38 miStoke Quay, IP22
£95008/240.38 miStoke Quay, Ipswich, IP22
£98508/240.39 miStoke Quay, Ipswich2
£98509/240.39 miStoke Quay, Ipswich2
£1,10012/240.4 mi-2
£99504/240.41 miFoxhall Road, Ipswich, Suffolk2
£97504/240.41 miFoxhall Road, IP32
£97505/240.41 miFoxhall Road, Ipswich, Suffolk2
£80005/240.41 miGrimwade Street, Ipswich2
£4,00011/240.42 mi-2
£4,00011/240.42 mi-2
£1,00004/240.42 miThe Winerack, Key Street, Ipswich2
£1,20007/240.42 miThe Winerack, Key Street, Ipswich2
£1,00007/240.42 miThe Winerack, Key Street, Ipswich2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.55 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

Listed for £145,000

November 16, 2024

Sold for £140,000

2003

Floor Plans

Description

  • Two Bedroom First Floor Apartment +
  • Allocated Residents Parking +
  • Desirable Waterfront Location +
  • Tenants In Situ - 7.8% Gross Yield +
  • Close To Town Centre & Local Amenities +
  • No Onward Chain +

* INVESTORS ONLY - TENANT IN SITU *

Situated just set back from the vibrant Ipswich Waterfront and just a short distance into Ipswich Town Centre is this spacious and beautifully presented two bedroom first floor apartment which offers balcony and allocated residents parking. The property is being offered with tenants in situ and offered for sale with NO ONWARD CHAIN.

The property comprises of entrance hall, exceptionally spacious reception room offering ample space to accommodate both living and dining area and also access to the properties balcony, fully fitted kitchen, spacious master bedroom with en-suite shower room, second further spacious double bedroom and family bathroom comprising of three piece suite.

The property is currently tenanted until November 2025 and is achieving a current gross rental yield of 7.8%. Anyone interested in purchasing the property to occupy, please note you would be looking at a completion date of November 2025.

The town of Ipswich offers a range of amenities including schools, university, independent and high street shops, hospital, theatres & cinemas, vast selection of restaurants & bars, beautiful parks such as the historic Christchurch Park and the popular Orwell Country Park as well as many more recreational and educational facilities. The town centre homes the mainline railway station which provides direct links to London Liverpool Street and where you can also find the beautiful Ipswich Marina which has undergone extensive redevelopment over the years to create a wonderful vibrant waterfront which is lined with restaurants, cafes, galleries, and shops.

Internal viewing is highly recommended, to arrange or for further information then please contact the SALES team at LEADERS.

Agent Details

Leaders Sales, Ipswich

01473 943818

Next Steps?

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