2 Bed Flat, Single Let, Ipswich, IP1 2NF, £120,000

44 Mountbatten Court, Ipswich, IP1 2NF - 1 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 8%
48 m²
+2 photos

ValuationOvervalued

Sold Prices£64K - £190.5K
Sold Prices/m²£1.7K/m² - £3.2K/m²

 

 

Square Metres

48 m²
Price/m²£2.5K/m²

Value Estimate

£100,168

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£695 - £1,850

Rent Estimate

£800

Running Costs/mo

£555

Cashflow/mo

£245

Cashflow/yr

£2,940

ROI

8%

Gross Yield

8%

Local Sold Prices

43 sold prices from £64K to £190.5K, average is £132.5K. £1.7K/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£105K11/210.07 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£115K09/210.08 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£110K12/200.21 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£120K11/200.22 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.22 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£142K05/230.33 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£127.8K03/210.48 mi64, Fulham Way, Ipswich, Suffolk IP1 4FD2
£64K03/230.54 miFlat 510, The Spectrum, Dunlop Road, Ipswich, Suffolk IP2 0UJ2
£139K11/220.54 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£167.5K11/220.58 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£150K10/220.58 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£123.5K10/200.58 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.58 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£137.5K10/220.59 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£121K05/210.59 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K05/210.59 mi46, Holman Court, Ipswich, Suffolk IP2 0ES2
£132.5K02/210.59 mi6, Holman Court, Ipswich, Suffolk IP2 0ES2
£120K02/230.59 mi34, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K11/220.6 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£121K05/210.6 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£137K12/210.62 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£137.5K12/220.62 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£127K09/210.62 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.62 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.62 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£115K04/210.65 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.65 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£161K09/210.67 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£150K02/210.69 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.69 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.69 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.69 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£165K12/220.86 miFlat 21, Henley Court, Henley Road, Ipswich, Suffolk IP1 3SD2
£190.5K09/210.9 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£147K12/220.96 mi9, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£148K06/230.96 mi21, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£132.5K07/210.96 mi25, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£132.5K07/230.96 mi27, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£134K10/220.97 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£115K08/210.97 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£147.5K04/230.97 mi46, Hyperion Court, Ipswich, Suffolk IP1 5AJ2
£145K12/221 mi107, Saturn Road, Ipswich, Suffolk IP1 5PS2
£108K11/211 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2

Local Rents

51 rents from £695/mo to £1.9K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90004/240.05 miRendlesham Road, Ipswich, Suffolk, IP12
£85004/240.05 miRendlesham Road, IP12
£85004/240.05 miRendlesham Road, Ipswich2
£69512/230.06 mi-2
£90003/240.1 miBulwer Road, Ipswich, Suffolk, IP12
£95003/240.12 mi-2
£90012/240.12 mi-2
£95005/240.12 miWellington Street, IPSWICH2
£1,10011/240.15 mi-2
£1,10011/240.15 mi-2
£1,15012/240.16 mi-2
£1,80004/250.16 mi-2
£85006/240.17 mi25 Elm Street, Ipswich, IP12
£77504/240.17 miLondon Road, Ipswich, IP12
£80004/240.18 miChevallier Street, Ipswich, Suffolk, IP12
£87512/240.18 mi-2
£89506/240.18 miProvidence Lane, Ipswich, IP12
£80006/240.19 miLondon Road, Ipswich2
£89504/240.21 miYeoman Close, Ipswich, IP12
£87505/240.21 miYeoman Close, Ipswich, IP12
£86003/240.21 mi-2
£85004/240.22 miAnn Street, Ipswich, IP12
£90005/240.22 miAnn Street, Ipswich, IP12
£85004/240.23 miNorwich Court, Chevallier Street, Ipswich, Suffolk, IP12
£82505/240.23 miNorwich Court, Chevallier Street, Ipswich, Suffolk, IP12
£82504/240.23 miChevallier Street, Ipswich, IP12
£92505/240.24 miBeaconsfield Road, IPSWICH2
£99504/240.25 miBeaconsfield Road, IPSWICH2
£82504/240.25 mi-2
£1,05011/240.26 mi-2
£1,20004/240.26 mi-2
£1,40004/240.27 mi-2
£85012/240.27 mi-2
£95005/240.27 miBurlington Road, Ipswich2
£1,00003/240.27 mi-2
£1,85004/240.29 mi-2
£1,40005/240.29 mi-2
£1,55009/240.29 mi-2
£1,40011/240.29 mi-2
£1,40003/250.29 mi-2
£1,55001/250.29 mi-2
£1,84004/240.29 mi-2
£1,84006/240.29 mi-2
£1,84012/240.29 mi-2
£1,50004/250.29 mi-2
£85002/250.3 mi-2
£90002/240.31 miBramford Road, Ipswich2
£87506/240.33 miCullingham Road, Ipswich, IP12
£92505/240.33 miNewson Street, Ipswich2
£80004/240.4 miNorwich Road, Ipswich, Suffolk, IP12
£82505/240.4 miBerners Street, IP1 2

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.24 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £120,000

January 6, 2025

Floor Plans

Description

A good size TWO bed apartment, offering over 750 square feet of living accommodation, including a sitting room, dining room, kitchen, two bedrooms, bathroom and storage/utility area.

Ipswich: - Ipswich is the county town of Suffolk and provides a comprehensive range of educational, commercial and recreational facilities and an excellent link to London Liverpool Street Railway Station (about 70 mins). The town has two shopping centres, shops, restaurants, bars, two multi screen cinemas, music & entertainment venues and many sports clubs and societies. The Waterfront docks has an on going regeneration providing an excellent marina, recently built high tech University & college, restaurants, bars and residential development.

Entracnce Hall: - Doors to...

Living Room: - 3.82 x 3.71 (12'6" x 12'2") - Double glazed doors to rear, double glazed window to rear and a radiator.

Dining Room: - 2.60 x 3.05 (8'6" x 10'0") - Double glazed window to front and a radiator.

Kitchen: - 2.19 x 3.05 (7'2" x 10'0") - A range of wall and base units, space for appliances, stainless steel sink and drainer, double glazed window to front, and doors to...

Bedroom One: - 3.87 x 2.63 (12'8" x 8'7") - Double glazed window to rear and a storage cupboard.

Bedroom Two: - 2.56 x 4.79 (8'4" x 15'8") - Double glazed window to rear.

Bathroom: - Panelled bath with a mixer tap, separate shower, hand wash basin, low level W/C, tiled floor, double glazed window to front.

Outside: - 2.49m x 1.97m (8'2" x 6'5") - Storage shed/utility.

P&H Estates - P&H Estates is recognized for its deep understanding of the local property market, its professional yet friendly service, and its commitment to achieving the best outcomes for its clients.

Call

Agent Details

Hamilton Smith, Needham Market

01449 709827

Next Steps?

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