3 Bed Terraced House, Single Let, Ipswich, IP1 2LF, £140,000

56 Surrey Road, Ipswich, Suffolk, IP1 2LF - 6 views - 5 months ago

Sold STC
BTL
ROI: 8%
69 m²
+5 photos

ValuationUndervalued

Sold Prices£105K - £350K
Sold Prices/m²£1K/m² - £3.8K/m²

 

 

Square Metres

69 m²
Price/m²£2K/m²

Value Estimate

£151,676
BMV8%

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

£900 - £2,200

Rent Estimate

£909

Running Costs/mo

£639

Cashflow/mo

£270

Cashflow/yr

£3,236

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £105K to £350K, average is £197.5K. £1K/m² to £3.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£130K03/230.08 mi3, Surrey Road, Ipswich, Suffolk IP1 2LE3
£195K09/210.09 mi86, Victoria Street, Ipswich, Suffolk IP1 2JX3
£110K04/210.12 mi63, Elliott Street, Ipswich, Suffolk IP1 2HJ3
£144.2K07/210.12 mi61, Sirdar Road, Ipswich, Suffolk IP1 2LB3
£135K03/210.13 mi23, Elliott Street, Ipswich, Suffolk IP1 2HN3
£105K07/210.17 mi6, Firmin Close, Ipswich, Suffolk IP1 2BF3
£147K09/210.17 mi57, Sirdar Road, Ipswich, Suffolk IP1 2LD3
£285K03/230.18 mi43, Clarkson Street, Ipswich, Suffolk IP1 2JN3
£165K07/210.18 mi11, Wilberforce Street, Ipswich, Suffolk IP1 2JP3
£168K11/200.18 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£168K11/200.19 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£165K03/230.19 mi6, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£178K07/210.25 mi120, Bramford Road, Ipswich, Suffolk IP1 2LL3
£240K02/230.27 mi11, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£167K08/210.3 mi27, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£205K06/230.3 mi9, Wellington Street, Ipswich, Suffolk IP1 2NT3
£125K04/210.3 mi179, Bramford Road, Ipswich, Suffolk IP1 4AA3
£121K12/200.3 mi23, Chevallier Street, Ipswich, Suffolk IP1 2PF3
£265K07/230.3 mi35, Tower Mill Road, Ipswich, Suffolk IP1 4QF3
£230K01/230.31 mi152, Bramford Road, Ipswich, Suffolk IP1 4AB3
£205K09/210.31 mi36, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£240K01/230.31 mi20, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£242K07/230.32 mi25, Hadleigh Road, Ipswich, Suffolk IP2 0EP3
£195K04/230.34 mi7, Bramford Lane, Ipswich, Suffolk IP1 4DB3
£350K03/210.35 mi30, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£325K03/230.35 mi41, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£270K11/210.35 mi100, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£180K02/210.35 mi74, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£284K04/210.36 mi25, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£243K02/210.39 mi64, Anglesea Road, Ipswich, Suffolk IP1 3PN3
£170K07/230.4 mi141, Ranelagh Road, Ipswich, Suffolk IP2 0AF3
£240K09/210.4 mi30, Dhobi Place, Ipswich, Suffolk IP1 4QA3
£229K07/230.4 mi18, Blenheim Road, Ipswich, Suffolk IP1 4EB3
£233K12/220.41 mi75, Bramford Lane, Ipswich, Suffolk IP1 4DF3
£167.5K08/210.41 mi4, Cardigan Street, Ipswich, Suffolk IP1 3PF3
£175K08/210.44 mi41, Windsor Road, Ipswich, Suffolk IP1 4AN3
£236.5K03/210.44 mi66, Newson Street, Ipswich, Suffolk IP1 3NY3
£340K07/210.44 mi6, Valley Road, Ipswich, Suffolk IP1 4ED3
£215K11/210.45 mi59, All Saints Road, Ipswich, Suffolk IP1 4DG3
£260K01/230.45 mi22, All Saints Road, Ipswich, Suffolk IP1 4DG3
£220K03/210.45 mi39, All Saints Road, Ipswich, Suffolk IP1 4DG3
£230K03/210.46 mi32, Geneva Road, Ipswich, Suffolk IP1 3NP3
£185K02/210.47 mi31, All Saints Road, Ipswich, Suffolk IP1 4DG3
£161K02/210.47 mi26, Hampton Road, Ipswich, Suffolk IP1 4AP3
£185K11/210.47 mi90, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£216.5K11/220.47 mi92, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£155K04/210.49 mi32, Riverside Road, Ipswich, Suffolk IP1 4AR3
£170K03/210.49 mi6, Riverside Road, Ipswich, Suffolk IP1 4AR3
£200K01/230.49 mi97, Richmond Road, Ipswich, Suffolk IP1 4DL3
£255K12/220.5 mi25, Dickens Road, Ipswich, Suffolk IP2 0JW3

Local Rents

23 rents from £900/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95003/240.13 miElliott Street, Ipswich3
£98504/240.15 mi-3
£99506/240.16 miDillwyn Street West, Ipswich3
£99506/240.16 miDillwyn Street West, Ipswich3
£1,15002/240.17 mi-3
£1,00005/240.2 miBulwer Road, Ipswich3
£1,00005/240.2 miBulwer Road3
£1,25003/240.37 mi-3
£1,20012/240.41 mi-3
£1,20003/250.41 mi-3
£1,12504/240.47 miBramford Lane, IPSWICH3
£95008/240.51 miRanelagh Road, Ipswich3
£1,25005/240.52 mi-3
£1,15003/250.53 mi-3
£1,19504/240.53 miBramford Road, Ipswich, Suffolk, IP13
£1,20003/240.54 miCurriers Lane, Ipswich3
£1,00006/240.55 miBramford Road, Ipswich3
£2,20003/250.55 mi-3
£90003/240.56 miBramford Road, Ipswich3
£1,25004/240.57 miMuseum Street, Ipswich3
£1,45004/240.57 miBroom Hill Road, IPSWICH3
£92504/240.59 miBramford Lane, Ipswich3
£1,35008/240.6 miLupin Road, IPSWICH3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.28 miles away

Nearest school

0.10 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £140,000

November 20, 2024

Sold for £97,000

2010

Sold for £67,000

2009

Description

  • Three Bedroom Terraced House +
  • Walking Distance to Town Centre +
  • Tenants in Situ +
  • Investment Opportunity +
  • Gas Central Heating & Double Glazed +
  • NO ONWARD CHAIN +

* GUIDE PRICE £140,000 - £150,000 *

* INVESTORS ONLY TENANTS IN SITU *

Situated to the west of Ipswich within walking distance to the town centre is this well-presented and modern two bedroom terraced house being offered with NO ONWARD CHAIN making it an ideal investment.

The property consists of a very generously sized through reception room creating a open living space providing ample space to accommodate both living and dining areas, large kitchen offering both eye and base level units, family bathroom consisting of three piece suite, the kitchen leads out to the properties rear garden.

Continuing our journey through the property up to the first floor you will find the three spacious bedrooms, master bedroom to the front of the property, the second double bedroom and finally third smaller double bedroom.

Further benefits include gas central heating, double glazing throughout and being sold with no onward chain.

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 more information please contact the SALES team at LEADERS IPSWICH.

Agent Details

Leaders Sales, Ipswich

01473 943818

Next Steps?

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