3 Bed Terraced House, Single Let, Ipswich, IP2 8DQ, £110,000

33 Turin Street, Ipswich, Suffolk IP2 8DQ - 3 months ago

Auction
BTL
ROI: 10%
~61 m²
+4 photos

ValuationUndervalued

Sold Prices£99.5K - £336.5K
Sold Prices/m²£1.4K/m² - £3.4K/m²

 

 

Square Metres

~61.40 m²
Price/m²£1.8K/m²

Value Estimate

£136,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£850 - £3,500

Rent Estimate

£800

Running Costs/mo

£524

Cashflow/mo

£276

Cashflow/yr

£3,315

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £99.5K to £336.5K, average is £188.3K. £1.4K/m² to £3.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£99.5K08/210.06 mi17, Hartley Street, Ipswich, Suffolk IP2 8DR3
£150K02/210.06 mi23, Purplett Street, Ipswich, Suffolk IP2 8HH3
£145K03/210.06 mi19, Hartley Street, Ipswich, Suffolk IP2 8DR3
£200K11/220.07 mi14, Littles Crescent, Ipswich, Suffolk IP2 8DP3
£152.5K05/210.09 mi10, Littles Crescent, Ipswich, Suffolk IP2 8DP3
£156K11/200.09 mi24, Littles Crescent, Ipswich, Suffolk IP2 8DP3
£185K03/230.1 mi21, Bradley Street, Ipswich, Suffolk IP2 8DU3
£150K06/210.1 mi20, Bradley Street, Ipswich, Suffolk IP2 8DU3
£167K06/230.1 mi5, Bradley Street, Ipswich, Suffolk IP2 8DU3
£162K04/230.1 mi5, Webb Street, Ipswich, Suffolk IP2 8RR3
£160K10/210.12 mi9, Shelley Street, Ipswich, Suffolk IP2 8DT3
£130K08/210.13 mi7, Bulstrode Road, Ipswich, Suffolk IP2 8HA3
£185K12/200.14 mi96, Wherstead Road, Ipswich, Suffolk IP2 8JP3
£173.5K03/210.14 mi3, Seymour Road, Ipswich, Suffolk IP2 8EN3
£164K03/210.15 mi64, Croft Street, Ipswich, Suffolk IP2 8EF3
£135K10/200.18 mi33, Rectory Road, Ipswich, Suffolk IP2 8EH3
£186K05/230.18 mi31, Rectory Road, Ipswich, Suffolk IP2 8EH3
£135K10/200.18 mi33, Rectory Road, Ipswich, Suffolk IP2 8EH3
£190K10/220.18 mi14, Rectory Road, Ipswich, Suffolk IP2 8EH3
£220K03/210.18 mi22, Martin Road, Ipswich, Suffolk IP2 8BJ3
£200K02/210.18 mi10, Martin Road, Ipswich, Suffolk IP2 8BJ3
£190K06/230.19 mi6, Philip Road, Ipswich, Suffolk IP2 8BH3
£228.8K04/210.2 mi2, Martin Road, Ipswich, Suffolk IP2 8BJ3
£205K03/210.2 mi32, Martin Road, Ipswich, Suffolk IP2 8BJ3
£260K06/230.2 mi2, Martin Road, Ipswich, Suffolk IP2 8BJ3
£208.5K05/230.2 mi25, Martin Road, Ipswich, Suffolk IP2 8BJ3
£210K07/230.21 mi7, Stoke Hall Road, Ipswich, Suffolk IP2 8EJ3
£336.5K12/220.24 mi26, Luther Road, Ipswich, Suffolk IP2 8BN3
£200K08/210.25 mi27, Philip Road, Ipswich, Suffolk IP2 8BQ3
£315K11/220.25 mi67, Belstead Avenue, Ipswich, Suffolk IP2 8NT3
£267.5K04/210.29 mi27, Belstead Road, Ipswich, Suffolk IP2 8AU3
£180.5K09/210.29 mi20, Belstead Road, Ipswich, Suffolk IP2 8AX3
£120K10/220.3 mi212, Wherstead Road, Ipswich, Suffolk IP2 8JZ3
£165K12/200.3 mi220, Wherstead Road, Ipswich, Suffolk IP2 8JZ3
£325K07/230.32 mi8, Belstead Avenue, Ipswich, Suffolk IP2 8NP3
£215K10/200.34 mi53, Belstead Avenue, Ipswich, Suffolk IP2 8NR3
£220K02/210.34 mi37, Belstead Avenue, Ipswich, Suffolk IP2 8NR3
£295K03/230.34 mi55, Belstead Avenue, Ipswich, Suffolk IP2 8NR3
£270K09/210.36 mi35a, Belstead Avenue, Ipswich, Suffolk IP2 8NR3
£185K02/210.39 mi22, La Salle Close, Ipswich, Suffolk IP2 8NA3
£186.5K03/210.39 mi15, La Salle Close, Ipswich, Suffolk IP2 8NA3
£218K10/200.39 mi21, La Salle Close, Ipswich, Suffolk IP2 8NA3
£250K11/200.39 mi33, La Salle Close, Ipswich, Suffolk IP2 8NA3
£277.3K06/210.43 mi45, Maude Street, Ipswich, Suffolk IP3 0AU3
£325K12/220.43 mi32, Lower Brook Street, Ipswich, Suffolk IP4 1AL3
£270K12/210.43 mi33, Patteson Road, Ipswich, Suffolk IP3 0AR3
£181K01/210.44 mi248, Wherstead Road, Ipswich, Suffolk IP2 8LE3
£185K02/210.44 mi246, Wherstead Road, Ipswich, Suffolk IP2 8LE3
£200K06/230.44 mi284, Wherstead Road, Ipswich, Suffolk IP2 8LE3
£180.5K01/210.44 mi219, Wherstead Road, Ipswich, Suffolk IP2 8LD3

Local Rents

34 rents from £850/mo to £3.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£95004/240.05 mi-3
£1,19508/240.06 miPurplett Street, Ipswich3
£1,20001/240.07 miHartley Street, Ipswich3
£92504/240.08 mi-3
£1,05003/240.09 mi-3
£1,10006/240.1 miAshley Street, IPSWICH3
£1,05003/240.12 mi-3
£90005/240.14 miSeymour Road, Ipswich, IP23
£1,10004/240.15 miRectory Road, Ipswich3
£1,05007/240.15 mi-3
£1,19508/240.15 mi-3
£1,00004/240.15 miIpswich, Suffolk3
£85005/240.16 mi-3
£1,35009/240.17 miHawes Street, IPSWICH3
£1,10004/240.18 miRectory Road, Ipswich3
£1,25004/240.18 miRectory Road, Ipswich3
£1,10004/250.18 mi-3
£1,25009/240.19 mi-3
£2,10007/240.24 mi-3
£2,00004/240.24 mi-3
£1,80003/250.24 mi-3
£1,20003/240.27 mi-3
£1,10001/240.29 miBurrell Road, Ipswich3
£1,70001/240.32 miKey Street, Ipswich, Suffolk, IP43
£1,25009/240.33 miChesham Road, Ipswich, IP23
£1,60004/240.38 miPENTHOUSE APARTMENT Anchor Street, Ipswich Waterfront, Suffolk, IP33
£1,40002/250.42 mi-3
£1,59504/240.42 miWentworth House, Burrell Road, Ipswich3
£1,35004/240.44 miMaude Street Town House3
£1,20008/240.44 miWherstead Road, Ipswich IP23
£1,30001/240.45 miTurret Lane, Ipswich, Suffolk, IP43
£1,05006/240.47 miBriarhayes Close, Ipswich, IP23
£3,50003/240.55 mi-3
£2,50006/240.55 mi-3

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

0.82 miles away

Nearest school

0.30 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £110,000

January 16, 2025

Floor Plans

Description

  • Tenanted property +
  • Three bedrooms +
  • Rent pcm £800 from the 1st April +
  • £9,600 per annum and 7.4% yield +
  • Guide price: £110,000 to £130,000 +
  • For sale by auction - offers considered post auction +

FOR SALE BY AUCTION - OPEN TO POST AUCTION OFFERS
TO REGISTER FOR LEGAL PACKS PLEASE VISIT OUR WEBSITE
Three bedroom tenanted property situated within walking distance to Ipswich town centre and train station. This property features a lounge, dining room, kitchen, downstairs bathroom and three bedrooms as well as on road parking and a garden. The property currently has a long-term tenant under an AST, paying £510 per month. The rent is set to increase to £800 per month in April 2025, resulting in a rental yield of 7.4%.

Located in the IP2 postcode, within walking distance to the town centre and train station with other local shops close by. Council Tax Band A Tenure: Freehold EPC Rating: D Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1140 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, East Anglia

01603 361653

Next Steps?

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