2 Bed Terraced House, Single Let, Ipswich, IP2 8EQ, £220,000

122E Rectory Road, Ipswich, IP2 8EQ - 3 months ago

BTL
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£100K - £290K
Sold Prices/m²£1.3K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£170,023

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Total Cash In

£69,100

 

 

Cash Out

 

Rent Range

£650 - £2,600

Rent Estimate

£803

Running Costs/mo

£868

Cashflow/mo

£-65

Cashflow/yr

£-781

Gross Yield

4%

Local Sold Prices

50 sold prices from £100K to £290K, average is £176.3K. £1.3K/m² to £3.7K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£225K12/220.03 mi35, Martin Road, Ipswich, Suffolk IP2 8BJ2
£215K02/230.04 mi88, Rectory Road, Ipswich, Suffolk IP2 8EQ2
£167.5K05/230.05 mi11, Bradley Street, Ipswich, Suffolk IP2 8DU2
£145K06/210.08 mi1, Ashley Street, Ipswich, Suffolk IP2 8DS2
£170K07/230.09 mi18, Philip Road, Ipswich, Suffolk IP2 8BH2
£130K02/210.09 mi4, Ashley Street, Ipswich, Suffolk IP2 8DS2
£130K10/220.1 mi62, Pauline Street, Ipswich, Suffolk IP2 8DL2
£167K12/200.11 mi2, Littles Crescent, Ipswich, Suffolk IP2 8DP2
£203K11/220.11 mi52, Littles Crescent, Ipswich, Suffolk IP2 8DP2
£143K07/210.11 mi31, Pauline Street, Ipswich, Suffolk IP2 8DN2
£143K07/210.11 mi31, Pauline Street, Ipswich, Suffolk IP2 8DN2
£125K11/220.11 mi17, Pauline Street, Ipswich, Suffolk IP2 8DN2
£121.5K05/210.12 mi33, Pauline Street, Ipswich, Suffolk IP2 8DN2
£163K02/210.12 mi26, Philip Road, Ipswich, Suffolk IP2 8BQ2
£135K06/210.13 mi10, Pauline Street, Ipswich, Suffolk IP2 8DN2
£220K02/230.13 mi18, Seymour Road, Ipswich, Suffolk IP2 8EN2
£123K05/210.14 mi20, Turin Street, Ipswich, Suffolk IP2 8DQ2
£140K12/200.17 mi104, Wherstead Road, Ipswich, Suffolk IP2 8JP2
£177.5K07/210.19 mi5, Brickfield Close, Ipswich, Suffolk IP2 8HJ2
£170K07/210.2 mi16, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£112K06/230.22 mi30, Tyler Street, Ipswich, Suffolk IP2 8HF2
£140K03/230.23 mi24, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£100K12/220.25 mi23, Bulstrode Road, Ipswich, Suffolk IP2 8HA2
£200K08/210.43 mi154, Heatherhayes, Ipswich, Suffolk IP2 9SG2
£240K02/230.43 mi129, Heatherhayes, Ipswich, Suffolk IP2 9SG2
£260K03/230.48 mi2, Yew Court, Ipswich, Suffolk IP2 9TU2
£220K02/230.55 mi1, Thornhayes Close, Ipswich, Suffolk IP2 9SB2
£190K06/210.57 mi11, Heatherhayes, Ipswich, Suffolk IP2 9DE2
£200K12/220.62 mi49, Ranelagh Road, Ipswich, Suffolk IP2 0AD2
£180K02/210.62 mi176, Ranelagh Road, Ipswich, Suffolk IP2 0AB2
£212K08/210.73 mi141, Back Hamlet, Ipswich, Suffolk IP3 8AW2
£185K01/210.81 mi67, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£160K03/210.83 mi70, Woodbridge Road, Ipswich, Suffolk IP4 2NG2
£230K07/230.83 mi46, St Georges Street, Ipswich, Suffolk IP1 3LH2
£168.5K01/210.84 mi13, Cobbold Street, Ipswich, Suffolk IP4 2DN2
£190K11/210.84 mi12, Mitre Way, Ipswich, Suffolk IP3 8DH2
£175K12/200.84 mi69, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£215K02/230.85 mi20, Mitre Way, Ipswich, Suffolk IP3 8DH2
£177.5K06/210.85 mi6, Mitre Way, Ipswich, Suffolk IP3 8DH2
£290K03/230.86 mi10, Oulton Road, Ipswich, Suffolk IP3 0QD2
£150K03/230.88 mi9, Elliott Street, Ipswich, Suffolk IP1 2HN2
£123K01/210.9 mi24, Dillwyn Street West, Ipswich, Suffolk IP1 2HP2
£280K06/230.91 mi68, Sandringham Close, Ipswich, Suffolk IP2 9DT2
£133K11/200.91 mi69, Elliott Street, Ipswich, Suffolk IP1 2HJ2
£130K11/200.92 mi24, Cemetery Road, Ipswich, Suffolk IP4 2EP2
£226K12/220.92 mi53, High Street, Ipswich, Suffolk IP1 3QL2
£190K04/210.92 mi12, Arthurs Terrace, Ipswich, Suffolk IP4 2NN2
£198K06/210.94 mi15, Harebell Road, Ipswich, Suffolk IP2 0LS2
£187K02/210.94 mi3, Harebell Road, Ipswich, Suffolk IP2 0LS2
£180K07/210.95 mi63, Hawke Road, Ipswich, Suffolk IP3 0JD2

Local Rents

49 rents from £650/mo to £2.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£79506/240.05 miShelley Street, Ipswich, IP22
£1,10012/240.05 mi-2
£1,10007/240.06 miMartin Road, Ipswich, IP22
£1,10004/240.06 mi-2
£1,00001/240.08 miHartley Street, Ipswich2
£90004/240.09 miHartley Street, Ipswich, Suffolk, IP22
£82508/240.11 miPauline Street, Ipswich, IP22
£90004/240.12 miCroft Street, Ipswich, IP22
£1,10008/240.12 miPhilip Road, IPSWICH2
£95007/240.13 miBruff Road, Ipswich, Suffolk, IP22
£2,60005/240.17 mi-2
£90004/240.17 miAustin Street, Ipswich, Suffolk2
£90005/240.17 miAustin Street, Ipswich, Suffolk2
£90006/240.17 miAustin Street, Ipswich, Suffolk2
£82501/240.18 miBelstead Avenue, Ipswich, Suffolk, IP22
£90008/240.18 miBruff Road, Ipswich2
£92505/240.2 miStoke Street, IP2, Ipswich2
£97504/240.2 mi-2
£97503/240.2 mi-2
£1,15004/250.24 mi-2
£65006/240.25 miApt Wherstead Road, Ipswich, IP22
£85008/240.25 miWherstead Road, Ipswich, IP22
£85008/240.25 miWherstead Road, Ipswich, IP22
£90006/240.25 miWherstead Road, Ipswich, Suffolk, IP22
£87504/240.25 miWherstead Road, Ipswich, Suffolk, IP22
£85006/240.25 miWherstead Road, Ipswich2
£82506/240.27 miRapier Street, IP22
£85007/240.27 miRapier Street, Ipswich, IP22
£80005/240.28 miBurrell Road, Ipswich, IP22
£80004/240.28 miStokebridge Maltings, Ipswich, IP22
£1,10001/240.29 miWentworth House, Burrell Road2
£1,25001/240.29 miWentworth House, Ipswich2
£95008/240.31 miCowell Street, Ipswich, Suffolk, IP22
£1,00007/240.31 miStoke Quay, IP22
£95008/240.31 miStoke Quay, Ipswich, IP22
£98508/240.31 miStoke Quay, Ipswich2
£98509/240.31 miStoke Quay, Ipswich2
£95008/240.36 miCranfield Mill, College Street, Ipswich2
£1,05004/240.37 miCollege Street, IPSWICH2
£1,00004/240.37 miFoundry The Mill, College Street, Ipswich2
£1,60004/240.37 miThe Winerack, Penthouse Apartment2
£89506/240.38 miThe Mill2
£85007/240.38 miThe Mill, College Street, Ipswich, Suffolk, IP42
£1,60004/240.39 miKey Street, The Winerack Key Street, IP42
£1,00001/240.39 miKey Street, Ipswich2
£1,10005/240.39 miThe Winerack, Ipswich2
£1,15009/240.39 miThe Winerack, Key Street, Ipswich2
£1,10006/240.39 miKey Street, IPSWICH2
£1,30009/240.39 miKey Street, IPSWICH2

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

0.93 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £220,000

January 24, 2025

Floor Plans

Description

  • End Terrace Home +
  • Two Bedrooms +
  • Lounge/Diner +
  • Kitchen +
  • Utility Room +
  • Garden +
  • Close To Train Station & Town Centre +
  • Great First Time Buy +

A deceptively spacious bay fronted two bedroom end terrace home situated close to Ipswich Train Station. The property boasts some fanatic original features and presents a wonderful opportunity for first time buyers and investors a like.

| Ground Floor |

Entrance to the property is gained via steps leading up to entrance door which then opens into a hallway leading through the open plan lounge/diner. It's a well light area due to the dual aspect windows and feature bay window to the front aspect. Throughout the property there are many original features such as the fireplaces and wooden flooring which are both on show in these reception rooms. The kitchen is well appointed and provide more than enough storage and space for a property of this size, if extra space is needed for appliances then the utility can also be utilized which has plumbing in place should the new owner wish to place a washing machine in there.

| First Floor |

Moving upstairs on the left you'll find the bathroom. This is very generous in it's dimensions benefiting from a three piece suite, window to rear aspect and storage cupboard. Both bedrooms are considered doubles with bedroom one benefitting from and extra window to the front aspect and is naturally greater in size. Both bedrooms benefit from feature fireplaces and wooden flooring also.

Agent Details

Keystone, Ipswich

01473 943998

Next Steps?

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