2 Bed Flat, Single Let, Ipswich, IP3 0FA, £125,000

Siloam Place, Ipswich, IP3 0FA - 3 months ago

Leasehold
BTL
ROI: 8%
~61 m²
+5 photos

ValuationUndervalued

Sold Prices£107.5K - £322.5K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~61.41 m²
Price/m²£2K/m²

Value Estimate

£132,925
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£819

Running Costs/mo

£574

Cashflow/mo

£245

Cashflow/yr

£2,935

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£120K04/210.01 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.01 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.01 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.01 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.01 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£133K09/220.02 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£130K02/230.03 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.03 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.03 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£135K04/230.03 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.03 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£125.5K05/210.03 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.04 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.04 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£138.5K10/220.04 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£125K06/210.05 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£151.5K12/200.06 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£130K10/220.06 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£114K01/230.06 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£140K11/210.06 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£147K10/220.1 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.1 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£322.5K06/230.2 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.2 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.2 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.2 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.2 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£320K04/210.37 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£142K02/230.38 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£115K08/210.47 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.48 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£108K11/210.52 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£180K05/210.56 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£155K07/230.58 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£137.5K04/230.59 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£135K03/230.63 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£135K11/210.65 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£125K04/230.66 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.66 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.66 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£146.5K01/230.66 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.66 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£161K09/210.68 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£110K10/210.69 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£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
£120K12/220.71 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£148.5K10/200.72 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2

Local Rents

53 rents from £750/mo to £4K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£89512/240.02 mi-2
£95012/240.02 mi-2
£85001/240.02 miPownall Road, Ipswich, Suffolk, IP32
£85005/240.03 miIsham Place, Ipswich, Suffolk, IP32
£88505/240.03 miIsham Place, Ipswich2
£87506/240.06 miHope Court, Modus2
£80012/240.06 miFore Hamlet, Ipswich2
£95004/240.08 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£87501/240.09 miTye Road, Ipswich, Suffolk, IP32
£82501/240.09 miFore Hamlet, Ipswich2
£99504/240.1 miNeptune Marina, Ipswich, IP32
£1,05005/240.1 miCoprolite Street, Ipswich2
£1,20010/240.1 mi-2
£1,20010/240.1 mi-2
£1,10004/240.1 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£97505/240.11 miCoprolite Street, Ipswich2
£1,20012/240.18 mi-2
£1,20012/240.18 mi-2
£85012/240.18 mi-2
£95001/240.19 miAnchor Street, Ipswich2
£1,25012/240.19 mi-2
£1,20001/240.2 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.2 miNeptune Square, Ipswich2
£1,20007/240.2 miNeptune Square, Ipswich, IP42
£1,25008/240.2 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.2 miNeptune Square, Ipswich, Suffolk, IP42
£1,15001/240.2 miNeptune Square, Ipswich, IP42
£1,20007/240.2 miNeptune Square, Ipswich, IP42
£95008/240.2 miNeptune Square, Ipswich, IP42
£87505/240.2 miMitre Way, Ipswich2
£90003/250.21 mi-2
£1,10005/240.22 miAnchor Street, Ipswich2
£1,10012/240.22 mi-2
£1,15001/240.22 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.22 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£80001/240.24 miFore Street, Ipswich, Suffolk, IP42
£1,10005/240.24 miPatteson Road, Ipswich2
£1,10005/240.24 miPatteson Road, IPSWICH2
£80005/240.28 miGrimwade Street, Ipswich2
£1,10012/240.3 mi-2
£1,00004/240.3 miRope Walk, Ipswich2
£75005/240.3 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.3 miStar Lane, Ipswich, Suffolk, IP42
£87508/240.3 miStar Lane, Ipswich, Suffolk, UK, IP42
£1,00004/240.31 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£99504/240.32 miFoxhall Road, Ipswich, Suffolk2
£97504/240.32 miFoxhall Road, IP32
£97505/240.32 miFoxhall Road, Ipswich, Suffolk2
£85009/240.33 miOxford Road, IPSWICH2
£4,00011/240.35 mi-2
£4,00011/240.35 mi-2
£90007/240.35 miSt Helens Street, Ipswich2
£1,00004/240.35 miThe Winerack, Key Street, Ipswich2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.40 miles away

Nearest school

0.40 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Price changed to £125,000

February 20, 2025

Listed for £130,000

January 9, 2025

Floor Plans

Description

  • EN-SUITE TO MAIN BEDROOM +
  • NO ONWARD CHAIN +
  • GROUND FLOOR APARTMENT +
  • OPEN PLAN KITCHEN/DINER +
  • EASY ACCESS TO IPSWICH TRAIN STATION +
  • WALKING DISTANCE TO HISTORICAL WATERFRONT +

Front - Shared carpark, allocated parking and visitor permit. Communal Entrance - Intercomm entry. Hallway - Entrance door, laminated floor, airing cupboard Kitchen/living Area  4.3m reducing to 2.9m x 5.6m Window to rear, door to rear, range of modern kitchen units, 1/4 single drainer sink, electric hob and oven, extractor hood, tiled splashback, space for fridge/freezer and washing machine. **Bedroom 1 **- 3.3m x 2.8m Window to side, electric wall heater. En-Suite - Walk-in shower, extractor fan, low-level w/c, hand wash basin, tiled walls. Bedroom 2 - 2.5m x 3.5m Window to side, electric wall heater. Guest Bathroom - Paneled bath with shower and shower screen, low-level w/c, hand wash basin, airing cupboard, extractor fan. Communal Garden - Laid to lawn, various flower and shrub borders, sitting areas. EPC- B **Council Tax Band **- B **Year Built **- 2007 **Service/maintenance charges **- Including water rates, building insurance, and garden/building maintenance - approximately £1900 per year **Ground Rent **- £250 per Year Length of remaining lease - 107 years

Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, East Anglia & London

01270 447764

Next Steps?

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