3 Bed Flat, Single Let, Ipswich, IP3 8HW, £240,000

Foxhall Road, Ipswich, Suffolk, IP3 8HW - 3 months ago

Leasehold
BTL
~93 m²
+18 photos

ValuationUndervalued

Sold Prices£160K - £525K
Sold Prices/m²£1.4K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£288,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£950 - £1,650

Rent Estimate

£950

Running Costs/mo

£960

Cashflow/mo

£-10

Cashflow/yr

£-120

Gross Yield

5%

Local Sold Prices

9 sold prices from £160K to £525K, average is £320K. £1.4K/m² to £4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£165K08/210.62 mi313a, Spring Road, Ipswich, Suffolk IP4 5ND3
£160K09/210.95 mi16b, Lower Brook Street, Ipswich, Suffolk IP4 1AP3
£255K12/201.27 mi542, Felixstowe Road, Ipswich, Suffolk IP3 8SX3
£525K03/211.46 mi247, Tuddenham Road, Ipswich, Suffolk IP4 3BG3
£257K01/231.76 mi41, Chatsworth Crescent, Ipswich, Suffolk IP2 9BU3
£357K12/201.82 mi874, Foxhall Road, Ipswich, Suffolk IP4 5TP3
£320K02/212.04 mi47, Penryn Road, Kesgrave, Ipswich, Suffolk IP5 1LB3
£370K04/212.2 mi8a, Montana Road, Kesgrave, Ipswich, Suffolk IP5 1ER3
£325K06/212.36 mi2, Michigan Close, Kesgrave, Ipswich, Suffolk IP5 1HG3

Local Rents

50 rents from £950/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20005/240.02 miFoxhall Road, Ipswich, Suffolk, IP33
£1,10005/240.09 miUpper Cavendish Street, Ipswich, IP33
£1,45008/240.1 miRuskin Road, Ipswich, Suffolk, IP43
£1,10001/240.1 miDarwin Road, Ipswich, Suffolk, IP43
£1,59507/240.11 miRuskin Road, Ipswich3
£1,20006/240.11 miDarwin Road, Ipswich3
£1,05004/240.13 miFoxhall Road, Ipswich3
£95007/240.17 miRosebery Road, Ipswich, Suffolk, IP43
£97506/240.17 miRosebery Road, Ipswich, Suffolk, UK, IP43
£97507/240.17 miRosebery Road, Ipswich, Suffolk, UK, IP43
£1,10002/250.19 mi-3
£1,37504/240.19 mi-3
£97501/240.19 miWellesley Road,Ipswich,IP43
£95004/240.2 miClifford Road, IP43
£1,00007/240.2 miClifford Road, Ipswich, Suffolk3
£1,15004/240.21 miFoxhall Road3
£1,15004/240.21 miFoxhall Road, Ipswich, IP33
£1,10004/240.24 miYork Road, Ipswich, Suffolk, IP33
£1,10004/240.27 miPearce Road, Ipswich, Suffolk, IP33
£1,10004/240.28 miStanley Avenue, Ipswich3
£1,15004/240.28 miStanley Avenue, Ipswich3
£1,10004/240.28 mi-3
£1,30006/240.29 miCauldwell Hall Road, Ipswich, IP43
£1,30007/240.29 miCauldwell Hall Road, Ipswich, IP43
£1,65008/240.31 mi-3
£99507/240.32 miSt Johns Road, Ipswich, IP43
£1,24012/240.34 mi-3
£95006/240.36 miSpring Road, Ipswich3
£95006/240.36 miSpring Road, Ipswich3
£1,10010/240.37 mi-3
£97501/240.38 miSalisbury Road, Ipswich, IP33
£1,25004/240.39 miFoxhall Road, Ipswich, Suffolk, IP33
£99504/240.4 miUpland Road, Ipswich, IP43
£99507/240.4 miUpland Road, Ipswich, IP43
£1,20007/240.41 miGrove Lane, Ipswich, IP43
£1,40004/240.41 mi-3
£1,10007/240.44 miCoronation Road, Ipswich3
£1,17507/240.44 miSpring Road, Ipswich3
£1,10005/240.47 miKings Avenue, Ipswich3
£1,20008/240.47 miKings Avenue, Ipswich, IP43
£97504/240.49 miCamden Road, Ipswich, IP33
£1,20008/240.49 miOxford Road, Ipswich, IP43
£1,15007/240.49 miHenslow Road, Ipswich3
£1,05009/240.52 miSpring Road, Ipswich, IP43
£1,05009/240.52 mi-3
£1,40005/240.53 miExeter Road, IPSWICH3
£1,20007/240.54 miBelle Vue Road, Ipswich, IP43
£1,30007/240.54 miSt Anthonys Crescent, Ipswich, IP43
£1,45012/240.54 mi-3
£1,20007/240.54 miBritannia Road, IPSWICH3

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £240,000

January 9, 2025

Floor Plans

Description

  • Stunning First Floor Apartment +
  • Three Bedrooms +
  • Shower Room & En-Suite Bathroom +
  • Full of Character +
  • Two Allocated Parking Spaces +

This stunning three bedroom first floor apartment, situated towards the desirable east side of Ipswich and falling within the Copleston School catchment area, is conveniently positioned for access to the town centre and Ipswich Hospital. The building has been converted into six modern apartments whilst retaining many original character features and comes with a secure gated entrance, two off-road parking spaces, and access to the communal garden. As agents, we recommend the earliest possible internal viewing to appreciate the quality of accommodation on offer which comprises large entrance hall; lounge; three bedrooms, one of which has an en-suite bathroom; kitchen / breakfast room; and shower room.

Leasehold information:-
Lease - 125 years from 29.9.2006
Ground rent - £240 per annum
Maintenance charge – approximately £500 per annum
Buildings insurance – split between 6 flats and was £240 per annum

The county town of Ipswich offers a range of local amenities including schools, university, shops, doctors, dental surgeries, hospital, two theatres, parks including the popular Orwell Country Park, recreational facilities, and mainline railway station providing direct links to London Liverpool Street Station with a journey time of approximately 1hr 15mins. The vibrant waterfront has undergone an extensive rebuilding and gentrification programme and now boasts some fashionable bars and restaurants, together with the University of Suffolk.

Council tax band: C
EPC Rating: C

Agent Details

Palmer & Partners, Suffolk

01473 211705

Next Steps?

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