2 Bed Flat, Single Let, Ipswich, IP3 8BD, £135,000

Fore Hamlet, Ipswich, IP3 8BD - 2 views - 3 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£149,638
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£750 - £1,325

Rent Estimate

£835

Running Costs/mo

£609

Cashflow/mo

£226

Cashflow/yr

£2,714

ROI

7%

Gross Yield

7%

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 
£135K04/230.01 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.01 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£120K04/210.02 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.02 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.02 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.02 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.02 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K02/230.02 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.02 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.02 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£125K06/210.03 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£133K09/220.04 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£114K01/230.05 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£125.5K05/210.05 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.05 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.05 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£138.5K10/220.06 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K10/220.06 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£140K11/210.08 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£151.5K12/200.09 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£147K10/220.09 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.09 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£322.5K06/230.23 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.23 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.23 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.23 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.23 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£142K02/230.36 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£320K04/210.41 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£115K08/210.48 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.5 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£180K05/210.53 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£155K07/230.55 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£108K11/210.55 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£137.5K04/230.62 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£135K03/230.63 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£125K04/230.64 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.64 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.64 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£146.5K01/230.66 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.66 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£135K11/210.68 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£120K12/220.69 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£161K09/210.71 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£130K04/210.71 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.71 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.71 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.71 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.71 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£110K10/210.71 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2

Local Rents

52 rents from £750/mo to £1.3K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£88505/240.02 miIsham Place, Ipswich2
£95012/240.02 mi-2
£85005/240.02 miIsham Place, Ipswich, Suffolk, IP32
£85001/240.04 miPownall Road, Ipswich, Suffolk, IP32
£89512/240.05 mi-2
£87506/240.06 miHope Court, Modus2
£95004/240.07 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£80012/240.08 miFore Hamlet, Ipswich2
£87501/240.09 miTye Road, Ipswich, Suffolk, IP32
£82501/240.11 miFore Hamlet, Ipswich2
£99504/240.13 miNeptune Marina, Ipswich, IP32
£1,05005/240.13 miCoprolite Street, Ipswich2
£1,20010/240.13 mi-2
£1,20010/240.13 mi-2
£1,10004/240.14 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£97505/240.14 miCoprolite Street, Ipswich2
£87505/240.17 miMitre Way, Ipswich2
£90003/250.17 mi-2
£1,20012/240.2 mi-2
£1,20012/240.2 mi-2
£85012/240.21 mi-2
£95001/240.21 miAnchor Street, Ipswich2
£1,25012/240.21 mi-2
£1,20001/240.23 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.23 miNeptune Square, Ipswich2
£1,20007/240.23 miNeptune Square, Ipswich, IP42
£1,25008/240.23 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.23 miNeptune Square, Ipswich, Suffolk, IP42
£1,15001/240.23 miNeptune Square, Ipswich, IP42
£1,20007/240.23 miNeptune Square, Ipswich, IP42
£95008/240.23 miNeptune Square, Ipswich, IP42
£1,10005/240.23 miAnchor Street, Ipswich2
£1,10012/240.24 mi-2
£1,15001/240.24 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.24 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£1,10005/240.26 miPatteson Road, Ipswich2
£1,10005/240.26 miPatteson Road, IPSWICH2
£80001/240.26 miFore Street, Ipswich, Suffolk, IP42
£1,10012/240.27 mi-2
£99504/240.29 miFoxhall Road, Ipswich, Suffolk2
£97504/240.29 miFoxhall Road, IP32
£97505/240.29 miFoxhall Road, Ipswich, Suffolk2
£80005/240.3 miGrimwade Street, Ipswich2
£1,00004/240.31 miRope Walk, Ipswich2
£85009/240.32 miOxford Road, IPSWICH2
£1,00004/240.32 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£75005/240.32 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.32 miStar Lane, Ipswich, Suffolk, IP42
£87508/240.32 miStar Lane, Ipswich, Suffolk, UK, IP42
£90007/240.35 miSt Helens Street, Ipswich2
£89508/240.35 miRosebery Road, Ipswich, Suffolk, UK, IP42
£80007/240.36 miFinbars Walk, Ipswich2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.39 miles away

Nearest school

0.40 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £135,000

January 23, 2025

Floor Plans

Description

  • Immaculately presented throughout +
  • Ideal investment opportunity +
  • Two large double bedrooms +
  • Two bathrooms +
  • Large corner plot +
  • Second floor +
  • Resident and visitor parking +

*INVESTMENT OPPORTUNITY*

IMMACULATELY PRESENTED two bedroom apartment on second floor of the popular Modus development, close to Ipswich Waterfront and short walk to Ipswich Town Center.

Corner plot apartment, tastefully decorated and with wood laminate flooring throughout. Wide entrance hallway with all rooms leading off and airing cupboard storage cupboard housing hat water tank. To the left is the large open plan living, dining and kitchen area with fitted kitchen units to two walls. Free standing fridge freezer, washing machine and integrated electric oven and hob. Double glazed windows and patio doors leading to Juliette balcony allow plenty of light in to the room.

Two large double bedrooms (ideal for sharers) one with ensuite shower room including large modernised shower cubicle, and a separate contemporary family bathroom with shower over bath, wash basin, toilet and heated towel rail.

Resident and visitor parking included.

Tenant in situ currently achieving £10,020 per year - property is let fully furnished.

Annual service charge: £2,018
Annual ground rent: £250.00
106 years remaining on lease

Lounge/Dining/Kitchen - 15'0" (4.57m) x 18'1" (5.51m)

Bedroom One - 15'0" (4.57m) x 11'3" (3.43m)

Bedroom Two - 8'6" (2.59m) x 15'2" (4.62m)

Bathroom - 5'6" (1.68m) x 7'5" (2.26m)

Ensuite Shower - 4'0" (1.22m) x 8'1" (2.46m)

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Riverdale Estates Ltd, Ipswich

01473 217600

Next Steps?

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