3 Bed Terraced House, Single Let, Ipswich, IP1 2LY, £165,000

Rendlesham Road, Ipswich, IP1 2LY - 2 views - 3 months ago

BTL
ROI: 4%
~93 m²

ValuationUndervalued

Sold Prices£105K - £460K
Sold Prices/m²£1K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£204,821
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,300

Total Cash In

£47,550

 

 

Cash Out

 

Rent Range

£900 - £2,200

Rent Estimate

£909

Running Costs/mo

£717

Cashflow/mo

£192

Cashflow/yr

£2,299

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £105K to £460K, average is £215.8K. £1K/m² to £4.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£285K03/230.07 mi43, Clarkson Street, Ipswich, Suffolk IP1 2JN3
£144.2K07/210.08 mi61, Sirdar Road, Ipswich, Suffolk IP1 2LB3
£147K09/210.09 mi57, Sirdar Road, Ipswich, Suffolk IP1 2LD3
£165K07/210.09 mi11, Wilberforce Street, Ipswich, Suffolk IP1 2JP3
£195K09/210.1 mi86, Victoria Street, Ipswich, Suffolk IP1 2JX3
£130K03/230.11 mi3, Surrey Road, Ipswich, Suffolk IP1 2LE3
£205K06/230.14 mi9, Wellington Street, Ipswich, Suffolk IP1 2NT3
£178K07/210.14 mi120, Bramford Road, Ipswich, Suffolk IP1 2LL3
£110K04/210.17 mi63, Elliott Street, Ipswich, Suffolk IP1 2HJ3
£205K09/210.18 mi36, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£240K01/230.18 mi20, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£350K03/210.2 mi30, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£325K03/230.2 mi41, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£284K04/210.21 mi25, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£121K12/200.21 mi23, Chevallier Street, Ipswich, Suffolk IP1 2PF3
£135K03/210.21 mi23, Elliott Street, Ipswich, Suffolk IP1 2HN3
£243K02/210.23 mi64, Anglesea Road, Ipswich, Suffolk IP1 3PN3
£230K01/230.24 mi152, Bramford Road, Ipswich, Suffolk IP1 4AB3
£125K04/210.25 mi179, Bramford Road, Ipswich, Suffolk IP1 4AA3
£167.5K08/210.26 mi4, Cardigan Street, Ipswich, Suffolk IP1 3PF3
£195K04/230.26 mi7, Bramford Lane, Ipswich, Suffolk IP1 4DB3
£229K07/230.27 mi18, Blenheim Road, Ipswich, Suffolk IP1 4EB3
£240K02/230.28 mi11, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£340K07/210.28 mi6, Valley Road, Ipswich, Suffolk IP1 4ED3
£167K08/210.28 mi27, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£236.5K03/210.29 mi66, Newson Street, Ipswich, Suffolk IP1 3NY3
£105K07/210.3 mi6, Firmin Close, Ipswich, Suffolk IP1 2BF3
£265K07/230.32 mi35, Tower Mill Road, Ipswich, Suffolk IP1 4QF3
£230K03/210.32 mi32, Geneva Road, Ipswich, Suffolk IP1 3NP3
£233K12/220.33 mi75, Bramford Lane, Ipswich, Suffolk IP1 4DF3
£168K11/200.33 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£168K11/200.34 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£165K03/230.34 mi6, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£215K11/210.34 mi59, All Saints Road, Ipswich, Suffolk IP1 4DG3
£260K01/230.34 mi22, All Saints Road, Ipswich, Suffolk IP1 4DG3
£220K03/210.34 mi39, All Saints Road, Ipswich, Suffolk IP1 4DG3
£425K11/220.35 mi14, Westwood Avenue, Ipswich, Suffolk IP1 4EQ3
£185K02/210.35 mi31, All Saints Road, Ipswich, Suffolk IP1 4DG3
£175K08/210.38 mi41, Windsor Road, Ipswich, Suffolk IP1 4AN3
£240K09/210.38 mi30, Dhobi Place, Ipswich, Suffolk IP1 4QA3
£460K07/230.39 mi9, Westwood Avenue, Ipswich, Suffolk IP1 4EQ3
£185K11/210.4 mi90, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£216.5K11/220.4 mi92, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£161K02/210.42 mi26, Hampton Road, Ipswich, Suffolk IP1 4AP3
£252.3K12/220.42 mi29, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£250K06/210.42 mi28, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£183K04/210.42 mi59, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£305K09/220.43 mi32, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£300K11/200.44 mi21, Warrington Road, Ipswich, Suffolk IP1 3QU3
£250K02/230.44 mi61, Richmond Road, Ipswich, Suffolk IP1 4DW3

Local Rents

25 rents from £900/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00005/240.05 miBulwer Road, Ipswich3
£1,00005/240.05 miBulwer Road3
£98504/240.09 mi-3
£1,15002/240.09 mi-3
£99506/240.17 miDillwyn Street West, Ipswich3
£99506/240.17 miDillwyn Street West, Ipswich3
£95003/240.21 miElliott Street, Ipswich3
£1,25003/240.23 mi-3
£1,20012/240.24 mi-3
£1,20003/250.24 mi-3
£1,25005/240.38 mi-3
£1,12504/240.4 miBramford Lane, IPSWICH3
£1,45004/240.42 miBroom Hill Road, IPSWICH3
£1,15003/250.44 mi-3
£2,20003/250.48 mi-3
£1,19504/240.52 miBramford Road, Ipswich, Suffolk, IP13
£1,20003/240.53 miCurriers Lane, Ipswich3
£1,25004/240.53 miMuseum Street, Ipswich3
£1,00006/240.53 miBramford Road, Ipswich3
£90003/240.54 miBramford Road, Ipswich3
£92504/240.54 miBramford Lane, Ipswich3
£1,25006/240.58 miPutney Close, IPSWICH3
£95004/240.59 miKingston Road, Ipswich3
£1,00004/240.61 miBramford Road, IP1, Ipswich 3
£1,29505/240.62 miPine Avenue, Ipswich3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Price changed to £165,000

February 20, 2025

Listed for £170,000

January 16, 2025

Floor Plans

Description

  • CLOSE TO TOWN CENTRE +
  • MID TERRACE HOUSE +
  • TWO DOUBLE BEDROOMS +
  • TWO RECEPTIONS +
  • FITTED KITCHEN +
  • MODERN BATHROOM +
  • DOUBLE GLAZING +
  • GAS TO RADIATOR HEATING +

A great opportunity to acquire this established two double bedroom mid terrace house located conveniently close to the town centre.

Property: - A lovely two bedroom mid terrace house located in the heart of Ipswich. This well maintained home has most of those every day to day modern conveniences, including double glazing, gas to radiator heating, fitted kitchen, modern bathroom and enclosed rear garden. The accommodation comprises:- living room, dining room/second reception, kitchen, inner rear lobby and bathroom. The first floor leads off the landing with two double bedrooms. Outside there are both front and rear gardens.

Council Tax Band: A
Ipswich

Location: - The residence is located in the heart of Ipswich which 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. The residence is also just a ten minute walk from the station and just 5 minutes from a local gym/swimming pool.

Living Room: - 3.28m x 3.20m (10'9 x 10'6) - Double glazed door to:- double glazed window to front elevation, radiator, cupboard to alcove and door to inner hall.

Dining Room/Second Reception: - 3.20m x 3.02m (10'6 x 9'11) - Storage cupboard under stairs, double glazed window to rear elevation, radiator and access to kitchen.

Kitchen: - 2.84m x 1.52m (9'4 x 5'0) - Double glazed window to side elevation, stainless steel sink unit with mixer tap and cupboards under, a range of floor standing cupboards and units with adjacent work tops, matching wall cupboards, space for cooker, and access to rear lobby.

Rear Lobby: - Double glazed door to garden and door to bathroom.

Bathroom: - 2.41m x 1.57m (7'11 x 5'2) - Double glazed frosted window to side elevation, drop light switch, low level WC, wash hand basin with vanity cupboard, panel bath with mixer tap shower spray and screen. Radiator.

Landing: - Access via landing to: bedrooms.

Bedroom One: - 3.68m x 3.25m (12'1 x 10'8) - Double glazed window to front elevation, built in cupboard and radiator.

Bedroom Two: - 3.61m x 3.33m (11'10 x 10'11) - Double glazed window to rear elevation, radiator and fitted cupboard housing wall mounted gas boiler.

Front Garden: - Block paved area behind a brick wall.

Rear Garden: - Mainly paved with flower beds and rear pedestrian access.

Agent Details

Grace Estate Agents, Ipswich

01473 943361

Next Steps?

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