2 Bed Flat, Single Let, Ipswich, IP4 1JU, £140,000

3, 32 Fore Street, Ipswich, Suffolk, IP4, IP4 1JU - 5 months ago

Leasehold

BTL

ROI: 3%

63 m²

+5 photos

ValuationFair Value

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

Square Metres	63 m²
Price/m²	£2.2K/m²
Value Estimate	£141,887£141,887

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£8,500£8,500
Total Cash In	£43,500£43,500

Cash Out
Rent Range	£492 - £4,000£492 - £4,000
Rent Estimate	£696
Running Costs/mo	£597£597
Cashflow/mo	£99£99
Cashflow/yr	£1,192£1,192
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£322.5K	06/23	0.17 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,300	75	2	Flat
£315K	07/23	0.17 mi	39, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,297	73	2	Flat
£290K	02/21	0.17 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,867	75	2	Flat
£167K	01/21	0.17 mi	10, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,199	52	2	Flat
£255K	06/21	0.17 mi	48, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,400	75	2	Flat
£115K	08/21	0.23 mi	18, Silk Street, Ipswich, Suffolk IP4 2PA	£1,716	67	2	Flat
£134K	10/22	0.25 mi	16, Silk Street, Ipswich, Suffolk IP4 2PA	£1,887	71	2	Flat
£320K	04/21	0.28 mi	155, Stoke Quay, Ipswich, Suffolk IP2 8SN	£2,991	107	2	Flat
£161K	09/21	0.33 mi	15, St Nicholas Court, Ipswich, Suffolk IP1 1TG	£1,789	90	2	Flat
£151.5K	12/20	0.33 mi	53, Pownall Road, Ipswich, Suffolk IP3 0DN	£2,658	57	2	Flat
£108K	11/21	0.34 mi	88, Vernon Street, Ipswich, Suffolk IP2 8JB	£1,742	62	2	Flat
£133K	09/22	0.35 mi	93, Pownall Road, Ipswich, Suffolk IP3 0DA	£1,900	70	2	Flat
£150K	02/21	0.36 mi	72, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,174	69	2	Flat
£162.5K	04/21	0.36 mi	58, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,500	65	2	Flat
£170K	06/21	0.36 mi	54, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,017	84	2	Flat
£122.5K	03/21	0.36 mi	92, Wolsey Street, Ipswich, Suffolk IP1 1AF	£1,801	68	2	Flat
£120K	04/21	0.36 mi	56, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,034	59	2	Flat
£128K	07/21	0.36 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£130K	11/20	0.36 mi	48, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,321	56	2	Flat
£128K	07/21	0.36 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£135K	05/23	0.36 mi	46, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,252	60	2	Flat
£125.5K	05/21	0.38 mi	42, Siloam Place, Ipswich, Suffolk IP3 0FB	£1,476	85	2	Flat
£140K	12/22	0.38 mi	32, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,373	59	2	Flat
£119K	10/20	0.38 mi	22, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,644	45	2	Flat
£140K	11/21	0.38 mi	239, Duke Street, Ipswich, Suffolk IP3 0BX	-	-	2	Flat
£135K	04/23	0.38 mi	58, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,824	74	2	Flat
£118K	06/21	0.38 mi	32, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,686	70	2	Flat
£138.5K	10/22	0.39 mi	19, Hope Court, Ipswich, Suffolk IP3 0DW	£1,979	70	2	Flat
£130K	02/23	0.39 mi	21, Isham Place, Ipswich, Suffolk IP3 0DY	£2,319	56	2	Flat
£110K	06/21	0.39 mi	1, Isham Place, Ipswich, Suffolk IP3 0DY	£1,833	60	2	Flat
£134K	02/23	0.39 mi	5, Isham Place, Ipswich, Suffolk IP3 0DY	£2,627	51	2	Flat
£130K	10/22	0.4 mi	36, Hope Court, Ipswich, Suffolk IP3 0DX	£1,605	81	2	Flat
£125K	06/21	0.41 mi	6, Isham Place, Ipswich, Suffolk IP3 0DZ	£2,128	59	2	Flat
£114K	01/23	0.42 mi	59, Siloam Place, Ipswich, Suffolk IP3 0FD	£1,781	64	2	Flat
£137.5K	04/23	0.43 mi	31, Seymour Road, Ipswich, Suffolk IP2 8EN	£2,500	55	2	Flat
£147K	10/22	0.46 mi	106, Siloam Place, Ipswich, Suffolk IP3 0FF	£2,492	59	2	Flat
£136K	04/23	0.46 mi	92, Siloam Place, Ipswich, Suffolk IP3 0FF	£1,936	70	2	Flat
£135K	03/23	0.48 mi	125, Cemetery Road, Ipswich, Suffolk IP4 2HZ	-	-	2	Flat
£142K	02/23	0.55 mi	50, Finbars Walk, Ipswich, Suffolk IP4 1HY	£2,679	53	2	Flat
£167.5K	11/22	0.59 mi	Flat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP	£3,213	52	2	Flat
£135K	11/21	0.6 mi	6, Bruff Road, Ipswich, Suffolk IP2 8GY	£2,318	58	2	Flat
£146.5K	01/23	0.61 mi	7, Haslemere Drive, Ipswich, Suffolk IP4 2PP	£2,526	58	2	Flat
£134.5K	07/21	0.61 mi	1, Haslemere Drive, Ipswich, Suffolk IP4 2PP	£2,453	55	2	Flat
£130K	04/21	0.64 mi	31, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,407	54	2	Flat
£138K	04/21	0.64 mi	23, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,379	58	2	Flat
£145K	08/21	0.64 mi	133, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,197	66	2	Flat
£148.5K	10/20	0.64 mi	113, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,184	68	2	Flat
£145K	06/21	0.64 mi	25, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,500	58	2	Flat
£110K	10/21	0.67 mi	25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ	-	-	2	Flat
£107.5K	06/21	0.69 mi	30, Postmill Close, Ipswich, Suffolk IP4 2RF	£1,920	56	2	Flat

Local Rents

52 rents from £492/mo to £4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£950	01/24	0.02 mi	Lower Orwell Street, Ipswich, IP4	2	House
£527	06/24	0.05 mi	-	2	Terraced House
£532	10/24	0.05 mi	-	2	Flat
£975	05/24	0.06 mi	Foundation Street, Ipswich	2	Flat
£895	04/24	0.07 mi	Foundation Street, Ipswich, IP4	2	Flat
£895	04/24	0.07 mi	Foundation Street, Ipswich, IP4	2	Flat
£1,050	08/24	0.07 mi	Foundation Street, IPSWICH	2	Flat
£492	04/24	0.07 mi	-	2	Flat
£750	05/24	0.1 mi	Star Lane, Ipswich, Suffolk, IP4	2	Flat
£925	06/24	0.1 mi	Star Lane, Ipswich, Suffolk, IP4	2	Flat
£875	08/24	0.1 mi	Star Lane, Ipswich, Suffolk, UK, IP4	2	Flat
£1,000	04/24	0.11 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,200	07/24	0.11 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,000	07/24	0.11 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,150	07/24	0.11 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,095	08/24	0.11 mi	The Cambria, Key Street, Ipswich	2	Flat
£1,050	08/24	0.11 mi	The Winerack, Key Street, Ipswich	2	Flat
£4,000	11/24	0.11 mi	-	2	Flat
£4,000	11/24	0.11 mi	-	2	Flat
£1,125	01/24	0.12 mi	44 The Cambria, Regatta Quay, Key Street, Ipswich, Suffolk, IP4	2	Flat
£1,250	07/24	0.12 mi	The Cambria, Quay Street, Ipswich, IP4	2	Flat
£1,250	07/24	0.12 mi	The Cambria, Quay Street, Ipswich, IP4	2	Flat
£800	01/24	0.12 mi	Fore Street, Ipswich, Suffolk, IP4	2	Flat
£1,200	04/24	0.13 mi	-	2	Flat
£1,275	01/25	0.13 mi	-	2	Flat
£800	05/24	0.13 mi	Grimwade Street, Ipswich	2	Flat
£2,695	06/24	0.15 mi	Lower Brook Street, Ipswich	2	Semi-Detached House
£1,250	08/24	0.15 mi	The Shamrock, Ipswich	2	Flat
£1,450	06/24	0.15 mi	Winerack Apartments, Key Street, Ipswich	2	Flat
£1,100	06/24	0.16 mi	Key Street, IPSWICH	2	Flat
£1,300	09/24	0.16 mi	Key Street, IPSWICH	2	Flat
£1,000	01/24	0.16 mi	Key Street, Ipswich	2	Flat
£1,100	05/24	0.16 mi	The Winerack, Ipswich	2	Flat
£1,150	09/24	0.16 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,600	04/24	0.16 mi	Key Street, The Winerack Key Street, IP4	2	Flat
£950	07/24	0.16 mi	Bond Street, IPSWICH	2	Semi-Detached House
£1,200	01/24	0.17 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£1,325	04/24	0.17 mi	Neptune Square, Ipswich	2	Flat
£1,200	07/24	0.17 mi	Neptune Square, Ipswich, IP4	2	Flat
£1,250	08/24	0.17 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£1,250	08/24	0.17 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£825	07/24	0.17 mi	Town Centre Apartment, Ipswich	2	Flat
£800	08/24	0.17 mi	Town Centre Apartment, Ipswic	2	Flat
£1,150	01/24	0.17 mi	Neptune Square, Ipswich, IP4	2	Flat
£1,200	07/24	0.17 mi	Neptune Square, Ipswich, IP4	2	Flat
£950	08/24	0.17 mi	Neptune Square, Ipswich, IP4	2	Flat
£825	08/24	0.17 mi	Tacket Street, Ipswich	2	Flat
£1,600	04/24	0.18 mi	The Winerack, Penthouse Apartment	2	Flat
£850	07/24	0.18 mi	The Mill, College Street, Ipswich, Suffolk, IP4	2	Flat
£950	04/24	0.19 mi	Upper Brook Street, IPSWICH	2	Flat
£1,000	04/24	0.2 mi	Foundry The Mill, College Street, Ipswich	2	Flat
£1,050	04/24	0.2 mi	College Street, IPSWICH	2	Flat

Local Area Statistics

Population in IP4	36,42936,429
Population in Ipswich	219,393219,393
Town centre distance	0.40 miles away0.40 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.67 miles away0.67 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+13%+13%

Property History

Price changed to £140,000

February 28, 2025

Price changed to £155,000

December 26, 2024

Listed for £160,000

November 26, 2024

Description

LEASEHOLD - 112 YEARS REMAINING +
NO ONWARD CHAIN +
ALLOCATED PARKING +

Leasehold - 112 years remaining

Ground Rent: £100 pa
Maintenance: £900 pa

Ascot Estate Agents are delighted to offer for sale with no onward chain, this well planned, two bedroom ground floor apartment which is ideally situated within easy reach of Ipswich Marina and town centre and one allocated parking space.

Personal Front Door to:

HALL:
Wall mounted electric panel heater, laminated floor, storage cupboard, smoke alarm and intercom system.

SHOWEROOM:
Wash basin with vanity unit below, shower cubicle, low level WC, chrome heated towel rail, extractor fan, shaver point and four downlights.

LOUNGE: 15'9" x 7'9" max
Secondary double glazed window to front aspect and wall mounted electric panel heater, six downlights and door to inner hall with two downlights and door to:

KITCHEN/DINER: 14'10" X 8'2"
Well-fitted with high gloss base and eye level cupboards, worktop with inset stainless steel sink and drainer, electric hob, stainless steel hood with fan assisted oven below, space for automatic washing machine, smoke alarm and wall mounted electric panel heater

BEDROOM 1: 17'10" x 12'11" Max
Secondary double glazed window to rear, six downlights and wall mounted electric panel heater.

BEDROOM 2: 13'6" x 8'3" Max
Secondary double glazed window to rear, wall mounted electric panel heater

Outside of the property there is one allocated parking space and secured waste disposal area

Agent Details

Ascot Estate Agency, Martlesham

01473 611460

Next Steps?

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

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