2 Bed Flat, Single Let, Ipswich, IP4 1NF, £155,000

221D Rope Walk, Ipswich, IP4 1NF - 4 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+2 photos

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£2.3K/m²
Value Estimate	£148,405£148,405

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£38,750£38,750
Stamp Duty & Legal Fees	£5,850£5,850
Total Cash In	£44,600£44,600

Cash Out
Rent Range	£492 - £3,600£492 - £3,600
Rent Estimate	£723
Running Costs/mo	£649£649
Cashflow/mo	£74£74
Cashflow/yr	£888£888
ROI	2%2%
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 £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£115K	08/21	0.17 mi	18, Silk Street, Ipswich, Suffolk IP4 2PA	£1,716	67	2	Flat
£134K	10/22	0.18 mi	16, Silk Street, Ipswich, Suffolk IP4 2PA	£1,887	71	2	Flat
£322.5K	06/23	0.22 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,300	75	2	Flat
£315K	07/23	0.22 mi	39, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,297	73	2	Flat
£290K	02/21	0.22 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,867	75	2	Flat
£167K	01/21	0.22 mi	10, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,199	52	2	Flat
£255K	06/21	0.22 mi	48, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,400	75	2	Flat
£133K	09/22	0.29 mi	93, Pownall Road, Ipswich, Suffolk IP3 0DA	£1,900	70	2	Flat
£120K	04/21	0.31 mi	56, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,034	59	2	Flat
£128K	07/21	0.31 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£130K	11/20	0.31 mi	48, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,321	56	2	Flat
£128K	07/21	0.31 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£135K	05/23	0.31 mi	46, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,252	60	2	Flat
£151.5K	12/20	0.32 mi	53, Pownall Road, Ipswich, Suffolk IP3 0DN	£2,658	57	2	Flat
£135K	04/23	0.32 mi	58, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,824	74	2	Flat
£118K	06/21	0.32 mi	32, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,686	70	2	Flat
£130K	02/23	0.33 mi	21, Isham Place, Ipswich, Suffolk IP3 0DY	£2,319	56	2	Flat
£110K	06/21	0.33 mi	1, Isham Place, Ipswich, Suffolk IP3 0DY	£1,833	60	2	Flat
£134K	02/23	0.33 mi	5, Isham Place, Ipswich, Suffolk IP3 0DY	£2,627	51	2	Flat
£135K	03/23	0.34 mi	125, Cemetery Road, Ipswich, Suffolk IP4 2HZ	-	-	2	Flat
£125.5K	05/21	0.34 mi	42, Siloam Place, Ipswich, Suffolk IP3 0FB	£1,476	85	2	Flat
£140K	12/22	0.34 mi	32, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,373	59	2	Flat
£119K	10/20	0.34 mi	22, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,644	45	2	Flat
£138.5K	10/22	0.35 mi	19, Hope Court, Ipswich, Suffolk IP3 0DW	£1,979	70	2	Flat
£125K	06/21	0.35 mi	6, Isham Place, Ipswich, Suffolk IP3 0DZ	£2,128	59	2	Flat
£142K	02/23	0.35 mi	50, Finbars Walk, Ipswich, Suffolk IP4 1HY	£2,679	53	2	Flat
£140K	11/21	0.36 mi	239, Duke Street, Ipswich, Suffolk IP3 0BX	-	-	2	Flat
£114K	01/23	0.36 mi	59, Siloam Place, Ipswich, Suffolk IP3 0FD	£1,781	64	2	Flat
£130K	10/22	0.37 mi	36, Hope Court, Ipswich, Suffolk IP3 0DX	£1,605	81	2	Flat
£147K	10/22	0.41 mi	106, Siloam Place, Ipswich, Suffolk IP3 0FF	£2,492	59	2	Flat
£136K	04/23	0.41 mi	92, Siloam Place, Ipswich, Suffolk IP3 0FF	£1,936	70	2	Flat
£146.5K	01/23	0.42 mi	7, Haslemere Drive, Ipswich, Suffolk IP4 2PP	£2,526	58	2	Flat
£134.5K	07/21	0.42 mi	1, Haslemere Drive, Ipswich, Suffolk IP4 2PP	£2,453	55	2	Flat
£320K	04/21	0.45 mi	155, Stoke Quay, Ipswich, Suffolk IP2 8SN	£2,991	107	2	Flat
£130K	04/21	0.46 mi	31, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,407	54	2	Flat
£138K	04/21	0.46 mi	23, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,379	58	2	Flat
£145K	08/21	0.46 mi	133, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,197	66	2	Flat
£148.5K	10/20	0.46 mi	113, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,184	68	2	Flat
£145K	06/21	0.46 mi	25, Meridian Rise, Ipswich, Suffolk IP4 2GF	£2,500	58	2	Flat
£125K	04/23	0.48 mi	24, Postmill Close, Ipswich, Suffolk IP4 2RF	£2,155	58	2	Flat
£120K	07/21	0.48 mi	42, Postmill Close, Ipswich, Suffolk IP4 2RF	£2,105	57	2	Flat
£107.5K	06/21	0.48 mi	30, Postmill Close, Ipswich, Suffolk IP4 2RF	£1,920	56	2	Flat
£161K	09/21	0.5 mi	15, St Nicholas Court, Ipswich, Suffolk IP1 1TG	£1,789	90	2	Flat
£145K	07/21	0.52 mi	12, Meridian Rise, Ipswich, Suffolk IP4 2GA	£2,312	63	2	Flat
£108K	11/21	0.54 mi	88, Vernon Street, Ipswich, Suffolk IP2 8JB	£1,742	62	2	Flat
£150K	02/21	0.55 mi	72, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,174	69	2	Flat
£162.5K	04/21	0.55 mi	58, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,500	65	2	Flat
£170K	06/21	0.55 mi	54, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,017	84	2	Flat
£122.5K	03/21	0.55 mi	92, Wolsey Street, Ipswich, Suffolk IP1 1AF	£1,801	68	2	Flat
£137.5K	04/23	0.63 mi	31, Seymour Road, Ipswich, Suffolk IP2 8EN	£2,500	55	2	Flat

Local Rents

51 rents from £492/mo to £3.6K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£1,000	04/24	0 mi	St Edmund House, Rope Walk, Ipswich, Suffolk, IP4	2	Flat
£1,000	04/24	0.01 mi	Rope Walk, Ipswich	2	Flat
£775	08/24	0.08 mi	St. Helens Street, Ipswich	2	Flat
£750	08/24	0.08 mi	St. Helens Street, Ipswich	2	Flat
£800	05/24	0.09 mi	Grimwade Street, Ipswich	2	Flat
£900	07/24	0.11 mi	St Helens Street, Ipswich	2	Terraced House
£875	04/24	0.11 mi	St Helens Street, Ipswich	2	Flat
£875	08/24	0.12 mi	Star Lane, Ipswich, Suffolk, UK, IP4	2	Flat
£750	05/24	0.12 mi	Star Lane, Ipswich, Suffolk, IP4	2	Flat
£925	06/24	0.12 mi	Star Lane, Ipswich, Suffolk, IP4	2	Flat
£950	07/24	0.14 mi	Bond Street, IPSWICH	2	Semi-Detached House
£850	09/24	0.17 mi	Oxford Road, IPSWICH	2	Flat
£800	01/24	0.18 mi	Fore Street, Ipswich, Suffolk, IP4	2	Flat
£800	04/24	0.19 mi	Woodbridge Road, Ipswich, Suffolk, IP4	2	Flat
£1,200	01/24	0.21 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£1,325	04/24	0.21 mi	Neptune Square, Ipswich	2	Flat
£1,200	07/24	0.21 mi	Neptune Square, Ipswich, IP4	2	Flat
£1,250	08/24	0.21 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£1,250	08/24	0.21 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£975	05/24	0.21 mi	Foundation Street, Ipswich	2	Flat
£825	01/24	0.22 mi	Fore Hamlet, Ipswich	2	Flat
£1,150	01/24	0.22 mi	Neptune Square, Ipswich, IP4	2	Flat
£1,200	07/24	0.22 mi	Neptune Square, Ipswich, IP4	2	Flat
£950	08/24	0.22 mi	Neptune Square, Ipswich, IP4	2	Flat
£950	01/24	0.22 mi	Lower Orwell Street, Ipswich, IP4	2	House
£527	06/24	0.23 mi	-	2	Terraced House
£895	04/24	0.23 mi	Foundation Street, Ipswich, IP4	2	Flat
£895	04/24	0.23 mi	Foundation Street, Ipswich, IP4	2	Flat
£1,050	08/24	0.23 mi	Foundation Street, IPSWICH	2	Flat
£532	10/24	0.24 mi	-	2	Flat
£800	12/24	0.25 mi	Fore Hamlet, Ipswich	2	Flat
£975	06/24	0.25 mi	Cemetery Road, Ipswich, IP4	2	Terraced House
£1,200	10/24	0.26 mi	-	2	Flat
£1,200	10/24	0.26 mi	-	2	Flat
£975	05/24	0.26 mi	Coprolite Street, Ipswich	2	Flat
£1,050	05/24	0.26 mi	Coprolite Street, Ipswich	2	Flat
£1,100	04/24	0.26 mi	Neptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP3	2	Flat
£995	04/24	0.26 mi	Neptune Marina, Ipswich, IP3	2	Flat
£492	04/24	0.26 mi	-	2	Flat
£895	04/24	0.26 mi	Hervey Street, Ipswich	2	Terraced House
£3,600	05/24	0.26 mi	-	2	Flat
£3,600	10/24	0.26 mi	-	2	Flat
£875	04/24	0.26 mi	Cobbold Street, Ipswich, Suffolk, IP4 2DN	2	Flat
£875	07/24	0.26 mi	Cobbold Street, Ipswich, Suffolk, IP4 2DN	2	Flat
£1,100	09/24	0.27 mi	-	2	Terraced House
£825	07/24	0.28 mi	Flat 705, Carr Street, Ipswich	2	Flat
£850	01/24	0.29 mi	Pownall Road, Ipswich, Suffolk, IP3	2	Flat
£1,100	06/24	0.29 mi	Nottidge Road, Ipswich	2	Semi-Detached House
£975	04/24	0.29 mi	Christchurch Street,Ipswich,IP4	2	Terraced House
£1,000	05/24	0.29 mi	Christchurch Street, Ipswich	2	Terraced House
£995	10/24	0.3 mi	-	2	Terraced House

Local Area Statistics

Population in IP4	36,42936,429
Population in Ipswich	219,393219,393
Town centre distance	0.19 miles away0.19 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.88 miles away0.88 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

Listed for £155,000

December 5, 2024

Floor Plans

Description

Ground Floor Apartment +
Two Double Bedrooms +
Open Plan Living Area +
Modern Kitchen +
Two En-Suites +
Parking +
Popular Location +
Close To Town +

KEYSTONE are pleased to offer for sale This generous TWO BEDROOM TWO BATHROOM ground floor apartment with PARKING situated close to town. The property benefits from large open plan living/dining/kitchen area, two double bedrooms and two en-suites, cloakroom and off road parking.

Entrance Door - Leading to hallway with built in storage cupboard.

Open Plan Living - 7.14m x 6.81m (23'5 x 22'4 ) - 23'5 x 22'4 Window to rear and two radiators.

Kitchen - Fitted with a range of base units and drawers and matching wall mounted cabinets, fitted breakfast bar, hob with extractor over, built in oven, integrated fridge freezer, integrated washing machine, sink and drainer unit, space for tumble dryer.

Bedroom One - 4.67m x 3.15m (15'4 x 10'4 ) - Window to front and electric heater.

En-Suite - Fitted with shower cubicle, w/c, pedestal wash basin and heated towel rail.

Bedroom Two - 4.75m x 2.90m (15'7 x 9'6 ) - Window to front and electric heater.

En-Suite - Fitted with panel bath, pedestal wash basin, w/c, heated towel rail.

Cloakroom - Fitted with w/c pedestal wash basin and electric heater.

Agent Details

Keystone, Ipswich

01473 943998

Next Steps?

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

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