2 Bed Flat, Single Let, Ipswich, IP1 2BF, £135,000

1 Firmin Close, Ipswich, IP1 2BF - 4 months ago

Leasehold
BTL
ROI: 7%
70 m²
+7 photos

ValuationUndervalued

Sold Prices£64K - £320K
Sold Prices/m²£1.7K/m² - £3.2K/m²

 

 

Square Metres

69.61 m²
Price/m²£1.9K/m²

Value Estimate

£151,326
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£41,700

 

 

Cash Out

 

Rent Range

£695 - £1,850

Rent Estimate

£844

Running Costs/mo

£611

Cashflow/mo

£233

Cashflow/yr

£2,800

ROI

7%

Gross Yield

8%

Local Sold Prices

44 sold prices from £64K to £320K, average is £129K. £1.7K/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£142K05/230.04 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£139K11/220.25 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£150K10/220.28 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£123.5K10/200.29 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.29 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£137.5K10/220.29 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£121K05/210.29 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K05/210.29 mi46, Holman Court, Ipswich, Suffolk IP2 0ES2
£132.5K02/210.29 mi6, Holman Court, Ipswich, Suffolk IP2 0ES2
£120K02/230.29 mi34, Holman Court, Ipswich, Suffolk IP2 0ES2
£110K12/200.3 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£130K11/220.31 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£121K05/210.31 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K12/220.33 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£137K12/210.33 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£127K09/210.33 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.33 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.33 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£120K11/200.33 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.33 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£105K11/210.33 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£115K09/210.38 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£64K03/230.5 miFlat 510, The Spectrum, Dunlop Road, Ipswich, Suffolk IP2 0UJ2
£150K02/210.54 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.54 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.54 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.54 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£161K09/210.56 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£115K04/210.56 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.56 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£190.5K09/210.62 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£167.5K11/220.67 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£127.8K03/210.68 mi64, Fulham Way, Ipswich, Suffolk IP1 4FD2
£137.5K04/230.8 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£108K11/210.8 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£120K01/230.82 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£123.5K04/210.92 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£320K04/210.93 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£115K08/210.94 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.94 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£160K05/230.95 mi35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ2
£135K11/210.97 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K12/201 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/221 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2

Local Rents

52 rents from £695/mo to £1.9K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£1,84004/240 mi-2
£1,84006/240 mi-2
£1,84012/240 mi-2
£1,50004/250 mi-2
£1,85004/240 mi-2
£1,40005/240 mi-2
£1,55009/240 mi-2
£1,40011/240 mi-2
£1,40003/250 mi-2
£1,55001/250 mi-2
£85002/250.02 mi-2
£87506/240.04 miCullingham Road, Ipswich, IP12
£86003/240.09 mi-2
£80006/240.11 miLondon Road, Ipswich2
£77504/240.14 miLondon Road, Ipswich, IP12
£1,10011/240.16 mi-2
£1,10011/240.16 mi-2
£95005/240.17 miBurlington Road, Ipswich2
£85006/240.21 mi25 Elm Street, Ipswich, IP12
£69512/230.24 mi-2
£89505/240.25 miGaskell Place, Ipswich2
£87508/240.25 miGaskell Place, IPSWICH2
£1,00005/240.25 miReavell Place, Ipswich2
£95007/240.25 miReavell Place, Ipswich, Suffolk2
£95008/240.25 miReavell Place, Ipswich, Suffolk2
£1,00008/240.25 miReavell Place, IPSWICH2
£95007/240.25 miReavell Place, Ipswich2
£90003/240.26 miBulwer Road, Ipswich, Suffolk, IP12
£90007/240.26 miBroomwade Close, Ipswich2
£98512/240.27 mi-2
£98512/240.27 mi-2
£95007/240.28 miReavall Place, Ipswich2
£95007/240.28 miReavall Place, Ipswich2
£85004/240.28 miRendlesham Road, Ipswich2
£86504/240.28 miCompair Crescent, Ipswich2
£90007/240.29 miCompair Crescent, Ipswich, IP22
£88507/240.29 miHolman Court, Ipswich2
£88508/240.29 miHolman Court, Ipswich2
£89504/240.3 miYeoman Close, Ipswich, IP12
£87505/240.3 miYeoman Close, Ipswich, IP12
£85004/240.31 miRendlesham Road, IP12
£85012/240.32 mi-2
£1,10008/240.32 miRanelagh Road, Ipswich2
£90004/240.33 miRendlesham Road, Ipswich, Suffolk, IP12
£87512/240.33 mi-2
£92503/240.34 mi-2
£92511/240.34 mi-2
£1,15012/240.37 mi-2
£1,80004/250.37 mi-2
£1,15004/240.39 miPortman Road, Ipswich, Suffolk, IP12
£85004/240.41 miAnn Street, Ipswich, IP12
£90005/240.41 miAnn Street, Ipswich, IP12

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.21 miles away

Nearest school

0.30 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £135,000

December 26, 2024

Floor Plans

Description

  • Two bedrooms +
  • Contemporary kitchen +
  • Recently fitted modern bathroom +
  • Large storage cupboard +
  • One allocated parking space +
  • Short walk to Ipswich Train Station +
  • Town Centre location +

SUMMARY
This ground floor flat is located in Ipswich Town Centre and benefits from two bedrooms, a contemporary kitchen, a recently fitted modern bathroom, a large storage cupboard and one allocated parking space.

DESCRIPTION
.

Entrance Hall 
Carpet flooring, entry phone system, one radiator and a large storage cupboard.

Lounge 15' 3" x 12' 7" ( 4.65m x 3.84m )
Double glazed window to the front, carpet flooring, one radiator and TV point.

Kitchen 10' 4" x 8' 5" ( 3.15m x 2.57m )
Large, contemporary kitchen with a range of eye and base level units in high gloss dark grey with stone effect worktop surfaces, a black inset sink plus drainer and black mixer tap, a boxed in boiler, an integrated oven with integrated microwave, induction hob and extractor hood, space for a fridge/freezer, washing machine and dishwasher, USB sockets, part tiled walls, tiled flooring and double glazed window to the front.

Master Bedroom 11' 8" x 8' 8" ( 3.56m x 2.64m )
Double glazed window to the rear, carpet flooring, one radiator and a double built in wardrobe.

Bedroom Two 11' 7" max x 7' 8" ( 3.53m max x 2.34m )
Double glazed window to the side, carpet flooring and one radiator.

Bathroom 7' 5" x 5' 6" ( 2.26m x 1.68m )
Stunning bathroom which has been recently renovated and boasts an enclosed WC with matching vanity sink and chrome mixer tap, a bath with waterfall showerhead, shower attachment and tiled splashback, marble effect tiled flooring, chrome heated towel rail, shaver point, extractor fan and double glazed window to the rear.

Parking 
One allocated parking space to the rear of the property.

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Ipswich

01473 943298

Next Steps?

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