2 Bed Flat, Single Let, Ipswich, IP4 2EN, £140,000

Samuel Court, Ipswich, IP4 2EN - 3 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+18 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£149,190
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,325

Total Cash In

£40,325

 

 

Cash Out

 

Rent Range

£700 - £3,600

Rent Estimate

£753

Running Costs/mo

£608

Cashflow/mo

£145

Cashflow/yr

£1,739

ROI

4%

Gross Yield

6%

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 
£134K10/220.09 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£115K08/210.1 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£135K03/230.15 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£146.5K01/230.3 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.3 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£130K04/210.32 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.32 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.32 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.32 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.32 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K07/210.38 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£322.5K06/230.41 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.41 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.41 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.41 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.41 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£125K04/230.42 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.42 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.42 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£142K02/230.45 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£167.5K11/220.47 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£161K09/210.49 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£133K09/220.5 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.51 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.51 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.51 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.51 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.51 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£151.5K12/200.53 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£135K04/230.53 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.53 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£130K02/230.54 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.54 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.54 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£125.5K05/210.55 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.55 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.55 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125K06/210.56 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£138.5K10/220.56 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£140K11/210.57 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£150K02/210.57 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.57 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.57 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.57 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£114K01/230.57 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£130K10/220.58 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£320K04/210.61 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£147K10/220.62 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.62 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£120K12/220.66 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2

Local Rents

51 rents from £700/mo to £3.6K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£97506/240.04 miCemetery Road, Ipswich, IP42
£80004/240.06 miWoodbridge Road, Ipswich, Suffolk, IP42
£89504/240.07 miHervey Street, Ipswich2
£87504/240.09 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£87507/240.09 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£99510/240.09 mi-2
£97504/240.09 miChristchurch Street,Ipswich,IP42
£1,00005/240.09 miChristchurch Street, Ipswich2
£1,10009/240.11 mi-2
£75004/240.11 miChristchurch Street, Ipswich2
£87504/240.12 miSt Helens Street, Ipswich2
£92504/240.12 mi-2
£92504/240.12 mi-2
£77508/240.14 miSt. Helens Street, Ipswich2
£75008/240.14 miSt. Helens Street, Ipswich2
£85004/240.14 mi-2
£85004/240.15 miCemetery Road, Ipswich, Suffolk, IP42
£92507/240.16 miFinchley Road, Ipswich2
£95007/240.17 miBond Street, IPSWICH2
£85007/240.17 miNorfolk Road, Ipswich, Suffolk, UK, IP42
£90005/240.18 miFinchley Road2
£70004/240.18 miWithipoll Street, Ipswich, IP42
£87504/240.19 mi-2
£90007/240.2 miSt Helens Street, Ipswich2
£3,60005/240.2 mi-2
£3,60010/240.2 mi-2
£82507/240.2 miFlat 705, Carr Street, Ipswich2
£1,00004/240.21 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£95012/230.21 mi-2
£87505/240.21 miSuffolk Road, IP42
£1,00006/240.21 miSuffolk Road, Ipswich, Suffolk, IP42
£87503/250.21 mi-2
£1,00004/240.22 miRope Walk, Ipswich2
£99501/240.23 miColman Gardens, 15 Great Colman Street, Ipswich, Suffolk, IP42
£90006/240.23 miGreat Colman Street, Colman Gardens, Ipswich, Suffolk, IP42
£95007/240.26 miMeridian Rise, Ipswich, Suffolk, IP42
£95008/240.26 miMeridian Rise, Ipswich, Suffolk, IP42
£99504/240.27 miWoodbridge Road, Ipswich, IP42
£80005/240.27 miGrimwade Street, Ipswich2
£85009/240.27 miOxford Road, IPSWICH2
£87508/240.28 miStar Lane, Ipswich, Suffolk, UK, IP42
£75005/240.28 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.28 miStar Lane, Ipswich, Suffolk, IP42
£97505/240.29 miFoundation Street, Ipswich2
£89504/240.3 miFoundation Street, Ipswich, IP42
£89504/240.3 miFoundation Street, Ipswich, IP42
£1,05008/240.3 miFoundation Street, IPSWICH2
£97504/240.3 mi-2
£1,10006/240.3 miNottidge Road, Ipswich2
£92508/240.31 miNottidge Road, Ipswich, Suffolk, IP42
£80008/240.31 miTown Centre Apartment, Ipswic2

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.23 miles away

Nearest school

0.10 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £140,000

January 31, 2025

Listed for £137,500

January 15, 2025

Floor Plans

Description

  • PURPOSE BUILT +
  • TWO DOUBLE BEDROOMS +
  • LIVING ROOM +
  • DINING AREA +
  • FITTED KITCHEN +
  • DOUBLE GLAZING +
  • GAS TO RADIATOR HEATING +
  • STORAGE AREA +
  • EAST OF TOWN CENTRE (IP4) +
  • ACCESS TO TOWN CENTRE AND MARINA +

CHAIN FREE: A deceptively spacious two double bedroom second floor purpose built apartment with a separate dining area, close to the town and local facilities.

Property: - CHAIN FREE: A great opportunity to acquire this well proportioned two double bedroom second floor purpose built apartment located in this convenient location close to the town centre. This property offers a wide range of facilities to, include gas to radiator heating, double glazing, modern bathroom, separate dining area and ample storage. The accommodation comprises:- communal entrance hall, entrance hall, living room, dining area, kitchen, two bedroom, bathroom and separate WC. Outside there there are communal grounds and a permit parking arrangement on the site.

Council Tax: Band A
Ipswich

Location: - The property is situated conveniently to the east of Ipswich town centre in this popular housing development. The property is in close proximity to an array of shops, supermarkets and restaurants. The town centre is within easy reach with a wide variety of shops, supermarkets, the Buttermarket and Sailmakers shopping centres as well as Ipswich mainline station for access to London Liverpool Street. The A14 trunk road is also close by for Bury St Edmunds, Colchester and Felixstowe.

Communal Entrance Hallway: - Entry phone system with access via communal hallway and stairs to second floor.

Entrance Hall: - Entrance door to: entry phone system, radiator and doors to rooms.

Living Room: - 3.63m x 3.43m (11'11 x 11'3) - Double glazed picture window to one elevation, further double glazed window to one elevation, access to:

Dining Area: - 3.12m x 2.51m (10'3 x 8'3) - Double glazed window to one elevation, radiator and access to:-

Kitchen: - 3.28m x 2.36m (10'9 x 7'9) - Double glazed window to one elevation, stainless steel sink unit inset to work top with cupboards under, a range of floor standing cupboards and drawers with adjacent work tops, wall mounted units, space for cooker, space for fridge /freezer, space for dishwasher and built in larder cupboard.

Bedroom One: - 4.29m x 2.59m (14'1 x 8'6) - Double glazed window to one elevation radiator and built in double wardrobe cupboard.

Bedroom Two: - 4.01m x 2.67m (13'2 x 8'9) - Double glazed window to one elevation, radiator, double built in wardrobe cupboard.

Bathroom: - 1.65m x 1.55m (5'5 x 5'1) - Recessed lighting, double glazed window to one elevation, panel bath with mixer tap shower attachment, wash hand basin with mixer tap inset to vanity unit. tiled walls and flooring.

Wc: - 2.01m x 1.57m (6'7 x 5'2) - Low level WC with integrated wash hand basin and mixer tap.

Communal Areas: - The property is accessed by an open style walk way with views over Blanche street. There is a refuse shoot on the same floor for convenience and communal garden areas around the property.

Parking: - With permit parking allocation on site and visitor parking permit. (No specific place)

Lease Details/Service Charges: - Lease Length 125 years
Lease length left : 119 years
Service charge and ground rent: £650 per annum approximately.

Agent Details

Grace Estate Agents, Ipswich

01473 943361

Next Steps?

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