2 Bed Flat, Single Let, Ipswich, IP3 8GG, £130,000

Provan Court, Ipswich, IP3 8GG - 1 views - 4 months ago

Sold STC

Leasehold

BTL

ROI: 7%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£98K - £220K
Sold Prices/m²	£1.5K/m² - £4.2K/m²

Square Metres	~68.11 m²
Price/m²	£1.9K/m²
Value Estimate	£145,351£145,351
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£32,500£32,500
Stamp Duty & Legal Fees	£7,700£7,700
Total Cash In	£40,200£40,200

Cash Out
Rent Range	£795 - £1,200£795 - £1,200
Rent Estimate	£810
Running Costs/mo	£588£588
Cashflow/mo	£222£222
Cashflow/yr	£2,661£2,661
ROI	7%7%
Gross Yield	7%7%

Local Sold Prices

36 sold prices from £98K to £220K, average is £130K. £1.5K/m² to £4.2K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£135K	05/23	0.03 mi	18, Provan Court, Ipswich, Suffolk IP3 8GG	£3,348	40	2	Flat
£121K	02/21	0.03 mi	64, Provan Court, Ipswich, Suffolk IP3 8GG	£2,134	57	2	Flat
£130K	10/21	0.03 mi	66, Provan Court, Ipswich, Suffolk IP3 8GG	£2,097	62	2	Flat
£130K	06/21	0.03 mi	50, Provan Court, Ipswich, Suffolk IP3 8GG	£2,203	59	2	Flat
£125K	04/21	0.03 mi	90, Provan Court, Ipswich, Suffolk IP3 8GG	-	-	2	Flat
£155K	07/23	0.36 mi	183d, Foxhall Road, Ipswich, Suffolk IP3 8LB	£3,217	48	2	Flat
£180K	05/21	0.41 mi	12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB	-	-	2	Flat
£98K	03/21	0.51 mi	120, Britannia Road, Ipswich, Suffolk IP4 5JU	£2,390	41	2	Flat
£220K	03/21	0.6 mi	6, Starfield Close, Ipswich, Suffolk IP4 5JQ	£4,151	53	2	Flat
£120K	12/22	0.72 mi	147, Oakstead Close, Ipswich, Suffolk IP4 4HW	£2,143	56	2	Flat
£142K	02/23	0.74 mi	50, Finbars Walk, Ipswich, Suffolk IP4 1HY	£2,679	53	2	Flat
£147K	10/22	0.79 mi	106, Siloam Place, Ipswich, Suffolk IP3 0FF	£2,492	59	2	Flat
£136K	04/23	0.79 mi	92, Siloam Place, Ipswich, Suffolk IP3 0FF	£1,936	70	2	Flat
£114K	01/23	0.81 mi	59, Siloam Place, Ipswich, Suffolk IP3 0FD	£1,781	64	2	Flat
£125K	06/21	0.81 mi	6, Isham Place, Ipswich, Suffolk IP3 0DZ	£2,128	59	2	Flat
£135K	04/23	0.83 mi	58, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,824	74	2	Flat
£118K	06/21	0.83 mi	32, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,686	70	2	Flat
£130K	02/23	0.83 mi	21, Isham Place, Ipswich, Suffolk IP3 0DY	£2,319	56	2	Flat
£110K	06/21	0.83 mi	1, Isham Place, Ipswich, Suffolk IP3 0DY	£1,833	60	2	Flat
£134K	02/23	0.83 mi	5, Isham Place, Ipswich, Suffolk IP3 0DY	£2,627	51	2	Flat
£130K	10/22	0.84 mi	36, Hope Court, Ipswich, Suffolk IP3 0DX	£1,605	81	2	Flat
£120K	04/21	0.85 mi	56, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,034	59	2	Flat
£128K	07/21	0.85 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£130K	11/20	0.85 mi	48, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,321	56	2	Flat
£128K	07/21	0.85 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£135K	05/23	0.85 mi	46, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,252	60	2	Flat
£138.5K	10/22	0.85 mi	19, Hope Court, Ipswich, Suffolk IP3 0DW	£1,979	70	2	Flat
£125.5K	05/21	0.85 mi	42, Siloam Place, Ipswich, Suffolk IP3 0FB	£1,476	85	2	Flat
£140K	12/22	0.85 mi	32, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,373	59	2	Flat
£119K	10/20	0.85 mi	22, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,644	45	2	Flat
£133K	09/22	0.86 mi	93, Pownall Road, Ipswich, Suffolk IP3 0DA	£1,900	70	2	Flat
£140K	11/21	0.87 mi	239, Duke Street, Ipswich, Suffolk IP3 0BX	-	-	2	Flat
£151.5K	12/20	0.9 mi	53, Pownall Road, Ipswich, Suffolk IP3 0DN	£2,658	57	2	Flat
£125K	04/23	0.95 mi	24, Postmill Close, Ipswich, Suffolk IP4 2RF	£2,155	58	2	Flat
£120K	07/21	0.95 mi	42, Postmill Close, Ipswich, Suffolk IP4 2RF	£2,105	57	2	Flat
£107.5K	06/21	0.95 mi	30, Postmill Close, Ipswich, Suffolk IP4 2RF	£1,920	56	2	Flat

Local Rents

32 rents from £795/mo to £1.2K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£895	05/24	0.03 mi	Provan Court, Off Foxhall Road, Ipswich, IP3	2	Flat
£875	04/24	0.05 mi	Bull Road, Ipswich, IP3	2	Flat
£995	05/24	0.08 mi	Prentice Way, Ipswich	2	Flat
£900	05/24	0.15 mi	Dover Road, Ipswich	2	Semi-Detached House
£1,095	04/24	0.24 mi	York Road, Ipswich, Suffolk, IP3	2	Terraced House
£900	06/24	0.33 mi	Cauldwell Hall Road, Ipswich	2	Terraced House
£975	12/24	0.34 mi	-	2	Terraced House
£950	05/24	0.37 mi	Levington Road, Ipswich, Suffolk, IP3	2	Semi-Detached House
£1,200	04/24	0.38 mi	-	2	Semi-Detached House
£900	11/24	0.38 mi	-	2	Terraced House
£1,150	02/25	0.39 mi	-	2	Flat
£1,150	01/25	0.39 mi	-	2	Semi-Detached House
£795	09/24	0.39 mi	Cauldwell Hall Road, Ipswich, Suffolk, UK, IP4	2	Flat
£900	07/24	0.4 mi	Henslow Road, Ipswich, Suffolk, UK, IP4	2	House
£1,100	04/24	0.4 mi	Parliament Road, IP4	2	Terraced House
£895	06/24	0.4 mi	Parliament Road, Ipswich, IP4	2	Terraced House
£950	09/24	0.4 mi	Parliament Road, Ipswich, Suffolk, IP4	2	Terraced House
£900	04/24	0.41 mi	Parliament Road, Ipswich, Suffolk, IP4	2	Terraced House
£895	09/24	0.41 mi	Parliament Road, Ipswich, Suffolk, IP4	2	House
£1,200	06/24	0.41 mi	Foxhall Road	2	Terraced House
£970	01/25	0.42 mi	-	2	Terraced House
£950	10/23	0.45 mi	-	2	Terraced House
£995	03/25	0.45 mi	-	2	Terraced House
£975	03/25	0.47 mi	-	2	Terraced House
£795	04/24	0.52 mi	Darwin Road, Ipswich, IP4	2	Flat
£900	06/24	0.53 mi	Tennyson Road, Ipswich, Suffolk, UK, IP4	2	House
£925	07/24	0.53 mi	Tennyson Road, Ipswich, Suffolk, UK, IP4	2	House
£925	08/24	0.55 mi	Wellesley Road, Ipswich, IP4	2	Semi-Detached House
£1,000	04/24	0.57 mi	Wellesley Road, Ipswich, Suffolk, IP4	2	Terraced House
£1,100	08/24	0.58 mi	-	2	Semi-Detached House
£1,100	07/24	0.58 mi	Bloomfield Street, Ipswich, IP4	2	Semi-Detached House
£825	04/24	0.6 mi	Tennyson Road, Ipswich, Suffolk, IP4	2	Terraced House

Local Area Statistics

Population in IP3	34,30834,308
Population in Ipswich	219,393219,393
Town centre distance	0.96 miles away0.96 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+1%+1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+9%+9%

Property History

Price changed to £130,000

January 11, 2025

Listed for £140,000

December 5, 2024

Floor Plans

Description

Modern Apartment +
Two Bedrooms +
Open Plan Living/Dining +
Kitchen +
En-Suite +
Bathroom +
Parking +
No Onward Chain +
Popular Location +

KEYSTONE are pleased to offer for sale this MODERN two bedroom apartment with parking situated in popular EAST Ipswich. The property benefits from open plan living/dining/kitchen, two double bedrooms, en-suite, bathroom and NO ONWARD CHAIN. CALL NOW TO ARRANGE YOUR VIEWING

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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ValuationUndervalued

CashflowsOpen in Analyser

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

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