2 Bed Flat, Single Let, Ipswich, IP3 9QJ, £130,000

Hening Avenue, Ipswich, IP3 9QJ - 3 months ago

Leasehold
BTL
ROI: 8%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£122.5K - £332K
Sold Prices/m²£1.8K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£157,179
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£825 - £1,500

Rent Estimate

£850

Running Costs/mo

£596

Cashflow/mo

£254

Cashflow/yr

£3,045

ROI

8%

Gross Yield

8%

Local Sold Prices

26 sold prices from £122.5K to £332K, average is £143K. £1.8K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£145K08/210.02 mi99, Hening Avenue, Ipswich, Suffolk IP3 9QJ2
£143K11/210.07 mi43, Ravenswood Avenue, Ipswich, Suffolk IP3 9GG2
£332K12/220.1 mi30, Witney Close, Ipswich, Suffolk IP3 9QF2
£124.5K05/210.18 mi21, Lackford Place, Ipswich, Suffolk IP3 9UQ2
£155K01/230.19 mi10, Demoiselle Crescent, Ipswich, Suffolk IP3 9UE2
£136K12/200.2 mi46, Demoiselle Crescent, Ipswich, Suffolk IP3 9UE2
£140.5K10/200.21 mi228, Ravenswood Avenue, Ipswich, Suffolk IP3 9TR2
£165K06/210.21 mi25, Pashford Place, Ipswich, Suffolk IP3 9UL2
£131.5K11/200.21 mi6, Pashford Place, Ipswich, Suffolk IP3 9UL2
£142K03/210.22 mi72, Mansbrook Boulevard, Ipswich, Suffolk IP3 9GJ2
£135K03/210.22 mi82, Mansbrook Boulevard, Ipswich, Suffolk IP3 9GJ2
£143K12/200.27 mi162, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£140K06/210.27 mi92, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£160K04/230.27 mi88, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£150K02/210.27 mi100, Alnesbourn Crescent, Ipswich, Suffolk IP3 9GD2
£130K10/210.32 mi9, Sloeberry Road, Ipswich, Suffolk IP3 9UT2
£155K12/200.35 mi15, Fen Bight Circle, Ipswich, Suffolk IP3 9UX2
£122.5K07/210.35 mi7, Fen Bight Circle, Ipswich, Suffolk IP3 9UX2
£172K02/230.41 mi288, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£147.5K11/200.41 mi314, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£175K11/220.41 mi310, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£170K09/220.41 mi306, Ravenswood Avenue, Ipswich, Suffolk IP3 9TQ2
£140K06/230.58 mi21, Pearse Way, Purdis Farm, Ipswich, Suffolk IP3 8TF2
£128K11/210.72 mi8, Porter Road, Purdis Farm, Ipswich, Suffolk IP3 8UY2
£143K06/230.72 mi59, Mill Road Drive, Purdis Farm, Ipswich, Suffolk IP3 8UT2
£147.5K06/230.72 mi67, Mill Road Drive, Purdis Farm, Ipswich, Suffolk IP3 8UT2

Local Rents

13 rents from £825/mo to £1.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£85004/240.02 miHening Avenue, IP32
£98012/240.1 mi-2
£98012/240.1 mi-2
£1,50004/240.1 miWitney Close, Ipswich2
£99512/240.18 mi-2
£90003/240.18 mi-2
£90012/240.18 mi-2
£85005/240.18 miDemoiselle Crescent, Ravenswood, Ipswich, IP32
£87501/240.22 miMansbrook Boulevard, Ipswich, Suffolk2
£95004/240.27 miAlnesbourn Crescent, IPSWICH2
£87506/240.35 miRavenswood2
£92505/240.58 miPearse Way, Warren Heath, IP32
£82505/240.62 miEssex Way, Purdis Farm, Ipswich, IP32

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

2.30 miles away

Nearest school

0.20 miles away

Nearest train station

1.60 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 £130,000

March 20, 2025

Price changed to £140,000

February 24, 2025

Listed for £150,000

January 21, 2025

Floor Plans

Description

  • POPULAR RAVENSWOOD LOCATION +
  • IDEAL INVESTMENT OPPORTUNITY +
  • NO ONWARD CHAIN +
  • VIEWINGS ADVISED +
  • 2 DOUBLE BEDROOMS +
  • IDEAL FOR FIRST TIME BUYERS +

This well-presented two-bedroom flat, located in the popular Ravenswood area of Ipswich, offers an excellent opportunity for first-time buyers, investors, or anyone looking for a convenient, low-maintenance home. With no onward chain, the property is ready for immediate occupation, making it an ideal choice for those seeking a hassle-free move.

The flat features a bright and airy open-plan living area, offering ample space for both living and dining. Large windows flood the room with natural light, creating a warm and welcoming atmosphere. The kitchen is integrated into this space and is well-equipped with modern units, providing everything needed for day-to-day living, including a hob, oven, and plenty of storage space.

The generously sized bedroom offers a peaceful retreat, with enough room for a double bed and additional storage. The bathroom is well-appointed with contemporary fixtures and a full-size bathtub with an overhead shower, making it both practical and stylish.

Further benefits of the property include double glazing and electric heating, ensuring a comfortable environment year-round. There is also the added advantage of allocated parking, providing convenience and peace of mind.

The Ravenswood area itself is well-served by a variety of local amenities, including shops, supermarkets, and cafes, all within easy reach. Public transport links are also excellent, with regular bus services providing direct routes to Ipswich town centre and beyond, while the A12 and A14 are just a short drive away, offering easy access to surrounding areas.

This flat, with its well-maintained interiors, no onward chain, and proximity to local amenities, is a fantastic opportunity for those seeking a comfortable and convenient home in a sought-after location.

Agent Details

haart, Ipswich

01473 943783

Next Steps?

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