3 Bed Terraced House, Single Let, Ipswich, IP2 8EG, £190,000

Rectory Road, Ipswich, IP2 8EG - 4 months ago

BTL
ROI: 3%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£99.5K - £336.5K
Sold Prices/m²£1.4K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£226,159
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Total Cash In

£59,500

 

 

Cash Out

 

Rent Range

£850 - £3,500

Rent Estimate

£928

Running Costs/mo

£799

Cashflow/mo

£129

Cashflow/yr

£1,544

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £99.5K to £336.5K, average is £188.3K. £1.4K/m² to £3.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£164K03/210.04 mi64, Croft Street, Ipswich, Suffolk IP2 8EF3
£220K03/210.07 mi22, Martin Road, Ipswich, Suffolk IP2 8BJ3
£200K02/210.07 mi10, Martin Road, Ipswich, Suffolk IP2 8BJ3
£228.8K04/210.08 mi2, Martin Road, Ipswich, Suffolk IP2 8BJ3
£205K03/210.08 mi32, Martin Road, Ipswich, Suffolk IP2 8BJ3
£260K06/230.08 mi2, Martin Road, Ipswich, Suffolk IP2 8BJ3
£208.5K05/230.08 mi25, Martin Road, Ipswich, Suffolk IP2 8BJ3
£185K03/230.08 mi21, Bradley Street, Ipswich, Suffolk IP2 8DU3
£150K06/210.08 mi20, Bradley Street, Ipswich, Suffolk IP2 8DU3
£167K06/230.08 mi5, Bradley Street, Ipswich, Suffolk IP2 8DU3
£315K11/220.08 mi67, Belstead Avenue, Ipswich, Suffolk IP2 8NT3
£160K10/210.08 mi9, Shelley Street, Ipswich, Suffolk IP2 8DT3
£162K04/230.09 mi5, Webb Street, Ipswich, Suffolk IP2 8RR3
£336.5K12/220.1 mi26, Luther Road, Ipswich, Suffolk IP2 8BN3
£190K06/230.12 mi6, Philip Road, Ipswich, Suffolk IP2 8BH3
£145K03/210.13 mi19, Hartley Street, Ipswich, Suffolk IP2 8DR3
£99.5K08/210.14 mi17, Hartley Street, Ipswich, Suffolk IP2 8DR3
£200K08/210.14 mi27, Philip Road, Ipswich, Suffolk IP2 8BQ3
£135K10/200.14 mi33, Rectory Road, Ipswich, Suffolk IP2 8EH3
£186K05/230.14 mi31, Rectory Road, Ipswich, Suffolk IP2 8EH3
£135K10/200.14 mi33, Rectory Road, Ipswich, Suffolk IP2 8EH3
£190K10/220.14 mi14, Rectory Road, Ipswich, Suffolk IP2 8EH3
£152.5K05/210.15 mi10, Littles Crescent, Ipswich, Suffolk IP2 8DP3
£156K11/200.15 mi24, Littles Crescent, Ipswich, Suffolk IP2 8DP3
£185K12/200.16 mi96, Wherstead Road, Ipswich, Suffolk IP2 8JP3
£325K07/230.16 mi8, Belstead Avenue, Ipswich, Suffolk IP2 8NP3
£200K11/220.17 mi14, Littles Crescent, Ipswich, Suffolk IP2 8DP3
£173.5K03/210.17 mi3, Seymour Road, Ipswich, Suffolk IP2 8EN3
£267.5K04/210.17 mi27, Belstead Road, Ipswich, Suffolk IP2 8AU3
£220K02/210.17 mi37, Belstead Avenue, Ipswich, Suffolk IP2 8NR3
£295K03/230.17 mi55, Belstead Avenue, Ipswich, Suffolk IP2 8NR3
£180.5K09/210.18 mi20, Belstead Road, Ipswich, Suffolk IP2 8AX3
£270K09/210.19 mi35a, Belstead Avenue, Ipswich, Suffolk IP2 8NR3
£210K07/230.19 mi7, Stoke Hall Road, Ipswich, Suffolk IP2 8EJ3
£185K02/210.23 mi22, La Salle Close, Ipswich, Suffolk IP2 8NA3
£186.5K03/210.23 mi15, La Salle Close, Ipswich, Suffolk IP2 8NA3
£218K10/200.23 mi21, La Salle Close, Ipswich, Suffolk IP2 8NA3
£250K11/200.23 mi33, La Salle Close, Ipswich, Suffolk IP2 8NA3
£150K02/210.23 mi23, Purplett Street, Ipswich, Suffolk IP2 8HH3
£120K10/220.25 mi212, Wherstead Road, Ipswich, Suffolk IP2 8JZ3
£165K12/200.25 mi220, Wherstead Road, Ipswich, Suffolk IP2 8JZ3
£130K08/210.29 mi7, Bulstrode Road, Ipswich, Suffolk IP2 8HA3
£236K06/230.3 mi6, Briarhayes Close, Ipswich, Suffolk IP2 9AZ3
£175K06/230.3 mi28, Briarhayes Close, Ipswich, Suffolk IP2 9AZ3
£267.5K03/210.32 mi65, Ancaster Road, Ipswich, Suffolk IP2 9AJ3
£250K06/210.34 mi55, Ancaster Road, Ipswich, Suffolk IP2 9AJ3
£181K01/210.38 mi248, Wherstead Road, Ipswich, Suffolk IP2 8LE3
£185K02/210.38 mi246, Wherstead Road, Ipswich, Suffolk IP2 8LE3
£200K06/230.38 mi284, Wherstead Road, Ipswich, Suffolk IP2 8LE3
£240K01/230.38 mi144, Maidenhall Approach, Ipswich, Suffolk IP2 8PF3

Local Rents

38 rents from £850/mo to £3.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£85005/240.03 mi-3
£1,00004/240.04 miIpswich, Suffolk3
£1,05003/240.08 mi-3
£1,10004/240.08 miRectory Road, Ipswich3
£1,05007/240.09 mi-3
£1,19508/240.09 mi-3
£92504/240.1 mi-3
£1,20001/240.1 miHartley Street, Ipswich3
£1,10006/240.11 miAshley Street, IPSWICH3
£1,05003/240.12 mi-3
£1,10004/240.14 miRectory Road, Ipswich3
£1,25004/240.14 miRectory Road, Ipswich3
£1,10004/250.17 mi-3
£90005/240.17 miSeymour Road, Ipswich, IP23
£1,25009/240.18 mi-3
£95004/240.18 mi-3
£1,25009/240.21 miChesham Road, Ipswich, IP23
£1,10001/240.24 miBurrell Road, Ipswich3
£1,20003/240.24 mi-3
£1,19508/240.24 miPurplett Street, Ipswich3
£1,35009/240.26 miHawes Street, IPSWICH3
£1,05006/240.3 miBriarhayes Close, Ipswich, IP23
£1,59504/240.32 miWentworth House, Burrell Road, Ipswich3
£2,00004/240.35 mi-3
£1,80004/250.35 mi-3
£2,10007/240.35 mi-3
£1,40002/250.36 mi-3
£1,20008/240.38 miWherstead Road, Ipswich IP23
£1,70001/240.43 miKey Street, Ipswich, Suffolk, IP43
£1,05004/240.52 miFlint Close, Ipswich3
£1,30001/240.53 miTurret Lane, Ipswich, Suffolk, IP43
£1,00004/240.53 miHeatherhayes, Ipswich, Suffolk, IP23
£1,10004/240.55 miMontgomery Road, Ipswich, Suffolk, IP23
£1,60004/240.56 miPENTHOUSE APARTMENT Anchor Street, Ipswich Waterfront, Suffolk, IP33
£3,50003/240.58 mi-3
£2,50006/240.58 mi-3
£1,35004/240.61 miMaude Street Town House3
£95008/240.62 miRanelagh Road, Ipswich3

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

0.97 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £190,000

February 8, 2025

Listed for £200,000

December 26, 2024

Floor Plans

Description

  • THREE BEDROOM MODERNISED VICTORIAN HOME +
  • TWO RECEPTION ROOMS +
  • BEDROOM ONE WITH EN-SUITE +
  • INTERNAL VIEWING HIGHLY RECOMMENDED +
  • RE-FITTED HOWDENS KITCHEN +
  • NO ONWARD CHAIN +

SUMMARY
A three bedroom modernised Victorian Home located on the edge of the town Centre in close proximity to many local amenities. The property benefits from two reception areas, a master bedroom with en-suite, re-fitted kitchen and is being sold with no onward chain.

DESCRIPTION
An internal viewing is a must for this modernised Victorian home located to the edge of the town centre. The property gives great access to the town itself along with the railway station and A12 and A14.
The property comprises of three bedrooms, two receptions re-fitted Howdens kitchen, luxury bathroom suite, front and rear gardens and has no onward chain.

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.

Lounge 11' 7" max x 11' ( 3.53m max x 3.35m )
Accessed via multi point lock double glazed composite door, upvc double glazed window to front, radiator, Art deco style fireplace, feature wall panelling, smooth ceiling with inset spotlighting, usb point and access to:

Inner Hall  
Feature wall panelling, smooth ceiling and access to:

Dining Room 11' 7" max x 11' ( 3.53m max x 3.35m )
Upvc double glazed window to rear, radiator, smooth ceiling with inset spotlighting, feature wall panelling, stairs rising to the first floor and access to:

Howdens Re-Fitted Kitchen  9' x 6' 9" ( 2.74m x 2.06m )
Upvc double glazed window to side, upvc double glazed door giving access to the rear garden, cupboard housing wall mounted Worcester Combi boiler, composite sink with mixer tap inset in a roll edge work top with cupboards and drawers under and matching above, usb points, space and plumbing for washing machine, feature wall, radiator, built-in oven, built-in induction hob with stainless steel splashback and stainless steel extractor hood over, tiled splashback's, Karndean wood effect flooring, smooth ceiling with inset spotlighting and space for fridge freezer.

Bathroom 
Porcelain grey wall tiles, two upvc double glazed windows to rear and side, low-level w/c, Victorian style tiled flooring, pedestal wash hand basin with mixer tap, shaped and panel bath with shower, mixer tap and shower attachment and shower screen, heated towel rail, smooth ceiling with extractor fan.

First Floor Landing 
Loft access and doors giving access to:

Bedroom One  11' 8" max x 11' ( 3.56m max x 3.35m )
Upvc double glazed window to front, radiator, feature panel wall, radiator, smooth ceiling and door giving access to:

Ensuite W/C 
Low-level w/c with built in vanity sink and Victorian style tiled flooring.

Bedroom Two  11' x 8' 8" ( 3.35m x 2.64m )
Upvc double glazed window to rear, radiator and smooth ceiling.

Bedroom Three 9' 1" x 6' 10" ( 2.77m x 2.08m )
Upvc double glazed window to rear, smooth ceiling and radiator.

Outside 
To the front of the property there are steps up to the entrance door with the remainder laid to decorative stone.

The rear garden has a patio area with the remainder laid to lawn.

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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