2 Bed Flat, Single Let, Ipswich, IP3 0DX, £119,000

Hope Court, Ipswich, P3, IP3 0DX - 2 views - 3 months ago

Leasehold
BTL
ROI: 9%
~68 m²
+21 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£147,429
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,750

Stamp Duty & Legal Fees

£7,150

Total Cash In

£36,900

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£850

Running Costs/mo

£562

Cashflow/mo

£288

Cashflow/yr

£3,458

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £134.3K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£130K10/220.01 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£138.5K10/220.02 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£114K01/230.03 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£140K12/220.03 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.03 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125.5K05/210.03 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K11/210.04 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£125K06/210.04 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£130K02/230.04 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.04 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.04 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£147K10/220.05 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.05 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£135K04/230.06 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.06 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£120K04/210.07 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.07 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.07 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.07 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.07 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£151.5K12/200.08 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£133K09/220.08 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£322.5K06/230.24 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.24 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.24 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.24 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.24 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£320K04/210.38 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£142K02/230.43 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£108K11/210.53 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£115K08/210.53 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.55 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£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
£120K10/200.59 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£135K11/210.63 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K10/210.66 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£135K03/230.69 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£125K04/230.71 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.71 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.71 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£110K12/200.72 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.72 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£146.5K01/230.72 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.72 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£161K09/210.72 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£150K02/210.72 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.72 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.72 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2

Local Rents

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

RentDateDistanceAddressBeds 
£87506/240.01 miHope Court, Modus2
£95004/240.02 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£87501/240.03 miTye Road, Ipswich, Suffolk, IP32
£85005/240.04 miIsham Place, Ipswich, Suffolk, IP32
£88505/240.05 miIsham Place, Ipswich2
£89512/240.07 mi-2
£95012/240.07 mi-2
£85001/240.08 miPownall Road, Ipswich, Suffolk, IP32
£80012/240.12 miFore Hamlet, Ipswich2
£1,20012/240.14 mi-2
£1,20012/240.14 mi-2
£99504/240.14 miNeptune Marina, Ipswich, IP32
£1,05005/240.14 miCoprolite Street, Ipswich2
£1,20010/240.15 mi-2
£1,20010/240.15 mi-2
£1,10004/240.15 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£1,25012/240.15 mi-2
£85012/240.15 mi-2
£95001/240.15 miAnchor Street, Ipswich2
£97505/240.15 miCoprolite Street, Ipswich2
£82501/240.16 miFore Hamlet, Ipswich2
£1,10005/240.17 miAnchor Street, Ipswich2
£1,10012/240.17 mi-2
£1,15001/240.18 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.18 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£87505/240.18 miMitre Way, Ipswich2
£90003/250.19 mi-2
£1,10005/240.2 miPatteson Road, Ipswich2
£1,10005/240.2 miPatteson Road, IPSWICH2
£1,15001/240.24 miNeptune Square, Ipswich, IP42
£1,20007/240.24 miNeptune Square, Ipswich, IP42
£95008/240.24 miNeptune Square, Ipswich, IP42
£1,20001/240.24 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.24 miNeptune Square, Ipswich2
£1,20007/240.24 miNeptune Square, Ipswich, IP42
£1,25008/240.24 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.24 miNeptune Square, Ipswich, Suffolk, IP42
£80001/240.29 miFore Street, Ipswich, Suffolk, IP42
£1,10012/240.33 mi-2
£80005/240.34 miGrimwade Street, Ipswich2
£99504/240.34 miFoxhall Road, Ipswich, Suffolk2
£97504/240.34 miFoxhall Road, IP32
£97505/240.34 miFoxhall Road, Ipswich, Suffolk2
£75005/240.36 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.36 miStar Lane, Ipswich, Suffolk, IP42
£87508/240.36 miStar Lane, Ipswich, Suffolk, UK, IP42
£1,00004/240.36 miRope Walk, Ipswich2
£1,00004/240.37 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£1,00007/240.38 miStoke Quay, IP22
£95008/240.38 miStoke Quay, Ipswich, IP22
£4,00011/240.38 mi-2
£4,00011/240.38 mi-2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.46 miles away

Nearest school

0.40 miles away

Nearest train station

0.70 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 £119,000

March 20, 2025

Price changed to £121,000

March 16, 2025

Price changed to £123,000

March 8, 2025

Price changed to £125,000

February 20, 2025

Listed for £135,000

January 22, 2025

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Tenants Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Well Maintained Property +
  • Easy Access to Local Amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2-bedroom Flat in Ipswich. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently residing there.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a bathroom, an ensuite, a lounge, and a kitchen.

Investment details

It currently produces an annual gross income of £10,200 which the new owner could increase to a market rate of £10,452 with long-term tenants presently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater details on this property's investment potential.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for their stay. They do not intend to move out so they hope to remain in the property.

Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties to the sale, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪