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

Foundation Street, Ipswich, IP4 1BS - 2 views - 3 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£108K - £322.5K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£151,518
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

£492 - £4,000

Rent Estimate

£763

Running Costs/mo

£610

Cashflow/mo

£153

Cashflow/yr

£1,835

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £108K to £322.5K, average is £135.5K. £1.5K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£115K08/210.2 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.21 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£322.5K06/230.24 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.24 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.24 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.24 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.24 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£161K09/210.28 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£150K02/210.32 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.32 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.32 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.32 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£320K04/210.34 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£108K11/210.37 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£151.5K12/200.4 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£133K09/220.41 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.43 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.43 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.43 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.43 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.43 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£125.5K05/210.44 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.45 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.45 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K11/210.45 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£135K04/230.45 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.45 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£135K03/230.45 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£137.5K04/230.45 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£130K02/230.45 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.45 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.45 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£138.5K10/220.46 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K10/220.47 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£125K06/210.48 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£114K01/230.48 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£167.5K11/220.52 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£147K10/220.52 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.52 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£142K02/230.59 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£146.5K01/230.59 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.59 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£120K10/200.6 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£130K04/210.62 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.62 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.62 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.62 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.62 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£135K11/210.64 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£145K07/210.67 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2

Local Rents

52 rents from £492/mo to £4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£89504/240 miFoundation Street, Ipswich, IP42
£89504/240 miFoundation Street, Ipswich, IP42
£1,05008/240 miFoundation Street, IPSWICH2
£97505/240.02 miFoundation Street, Ipswich2
£52706/240.02 mi-2
£53210/240.03 mi-2
£49204/240.03 mi-2
£95001/240.05 miLower Orwell Street, Ipswich, IP42
£82507/240.1 miTown Centre Apartment, Ipswich2
£80008/240.1 miTown Centre Apartment, Ipswic2
£82508/240.1 miTacket Street, Ipswich2
£2,69506/240.12 miLower Brook Street, Ipswich2
£95004/240.13 miUpper Brook Street, IPSWICH2
£95007/240.14 miBond Street, IPSWICH2
£87508/240.14 miStar Lane, Ipswich, Suffolk, UK, IP42
£75005/240.14 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.14 miStar Lane, Ipswich, Suffolk, IP42
£3,60005/240.16 mi-2
£3,60010/240.16 mi-2
£1,00004/240.17 miThe Winerack, Key Street, Ipswich2
£1,20007/240.17 miThe Winerack, Key Street, Ipswich2
£1,00007/240.17 miThe Winerack, Key Street, Ipswich2
£1,15007/240.17 miThe Winerack, Key Street, Ipswich2
£1,09508/240.17 miThe Cambria, Key Street, Ipswich2
£1,05008/240.17 miThe Winerack, Key Street, Ipswich2
£4,00011/240.17 mi-2
£4,00011/240.17 mi-2
£1,12501/240.17 mi44 The Cambria, Regatta Quay, Key Street, Ipswich, Suffolk, IP42
£1,25007/240.17 miThe Cambria, Quay Street, Ipswich, IP42
£1,25007/240.17 miThe Cambria, Quay Street, Ipswich, IP42
£1,20004/240.17 mi-2
£1,27501/250.17 mi-2
£80005/240.17 miGrimwade Street, Ipswich2
£82507/240.18 miFlat 705, Carr Street, Ipswich2
£85005/240.18 miHeart of Town Centre2
£99504/240.19 mi-2
£1,10004/240.19 mi-2
£80001/240.19 miFore Street, Ipswich, Suffolk, IP42
£1,00001/240.19 miKey Street, Ipswich2
£1,10005/240.19 miThe Winerack, Ipswich2
£1,15009/240.19 miThe Winerack, Key Street, Ipswich2
£1,45006/240.19 miWinerack Apartments, Key Street, Ipswich2
£1,10006/240.19 miKey Street, IPSWICH2
£1,30009/240.19 miKey Street, IPSWICH2
£1,25008/240.19 miThe Shamrock, Ipswich2
£1,60004/240.2 miKey Street, The Winerack Key Street, IP42
£85007/240.2 miThe Mill, College Street, Ipswich, Suffolk, IP42
£87504/240.2 miSt Helens Street, Ipswich2
£1,60004/240.21 miThe Winerack, Penthouse Apartment2
£1,00004/240.21 miFoundry The Mill, College Street, Ipswich2
£89506/240.21 miThe Mill2
£1,05004/240.22 miCollege Street, IPSWICH2

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.41 miles away

Nearest school

0.20 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £140,000

December 26, 2024

Floor Plans

Description

  • TWO BEDROOMS +
  • GROUND FLOOR +
  • PRIVATE ENTRANCE +
  • EN-SUITE TO MASTER +
  • FORMER VICTORIAN BREWERY +
  • TOWN CENTRE LOCATION +
  • NO ONWARD CHAIN +

SUMMARY
A privately entranced ground floor apartment close to Ipswich's town centre and historic waterfront area. The property benefits from two bedrooms, en-suite to the master, a separate bathroom, open plan living area and a balcony.

DESCRIPTION
A two bedroom ground floor apartment with its own entrance door situated to the side of unicorn house which was the former Victorian brewery and is located in the town centre. The property has a open plan living area, en-suite to master as well as a separate bathroom and a balcony to the rear giving spacious outdoor living.

Ipswich has a cutting-edge theatre and arts scene, many schooling facilities, cosy Suffolk pubs, and a vibrant community of independent stores. Ipswich also has the benefit of being home to a mainline railway station that gives direct access into London Liverpool Street, Cambridge, Norwich and many more destinations.
It also benefits from a rejuvenated waterfront Marina which boasts many restaurants, bars and cafes.

Entrance Hall  
Accessed via entrance door, storage cupboard and doors off:

Kitchen/Living Area  26' 5" x 9' 5" ( 8.05m x 2.87m )
Wall and base level units, modern grey style with integrated dishwasher, plumbing for washing machine, electric oven with hob and extractor over, hand drawers and breakfast bar.

Bedroom One  15' 9" x 8' 8" ( 4.80m x 2.64m )
Double glazed door to balcony and panel heater.

En-Suite  
Shower and pedestal wash hand basin and low-level w/c.

Bedroom Two  9' x 7' 5" ( 2.74m x 2.26m )
Double glazed window to front.

Bathroom  
Comprises of a pear shaped bath and shower over, wash hand basin, low-level w/c and heated towel rail.

Outside  
Accessed via electric gate to the side of the property where there is a storage area.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Ipswich

01473 943139

Next Steps?

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