2 Bed Terraced House, Single Let, Ipswich, IP2 8DN, £150,000

2 Pauline Street, Ipswich, Suffolk, IP2 8DN - 3 months ago

Sold STC
BTL
ROI: 4%
~57 m²
+12 photos

ValuationOvervalued

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

 

 

Square Metres

~56.80 m²
Price/m²£2.6K/m²

Value Estimate

£142,498

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Rent Range

£650 - £2,600

Rent Estimate

£825

Running Costs/mo

£654

Cashflow/mo

£171

Cashflow/yr

£2,055

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £100K to £290K, average is £177.5K. £1.3K/m² to £3.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£143K07/210 mi31, Pauline Street, Ipswich, Suffolk IP2 8DN2
£143K07/210 mi31, Pauline Street, Ipswich, Suffolk IP2 8DN2
£125K11/220 mi17, Pauline Street, Ipswich, Suffolk IP2 8DN2
£135K06/210.01 mi10, Pauline Street, Ipswich, Suffolk IP2 8DN2
£123K05/210.03 mi20, Turin Street, Ipswich, Suffolk IP2 8DQ2
£121.5K05/210.03 mi33, Pauline Street, Ipswich, Suffolk IP2 8DN2
£167K12/200.04 mi2, Littles Crescent, Ipswich, Suffolk IP2 8DP2
£203K11/220.04 mi52, Littles Crescent, Ipswich, Suffolk IP2 8DP2
£130K02/210.05 mi4, Ashley Street, Ipswich, Suffolk IP2 8DS2
£130K10/220.05 mi62, Pauline Street, Ipswich, Suffolk IP2 8DL2
£145K06/210.05 mi1, Ashley Street, Ipswich, Suffolk IP2 8DS2
£167.5K05/230.07 mi11, Bradley Street, Ipswich, Suffolk IP2 8DU2
£177.5K07/210.1 mi5, Brickfield Close, Ipswich, Suffolk IP2 8HJ2
£220K02/230.1 mi18, Seymour Road, Ipswich, Suffolk IP2 8EN2
£112K06/230.1 mi30, Tyler Street, Ipswich, Suffolk IP2 8HF2
£215K02/230.11 mi88, Rectory Road, Ipswich, Suffolk IP2 8EQ2
£100K12/220.14 mi23, Bulstrode Road, Ipswich, Suffolk IP2 8HA2
£225K12/220.14 mi35, Martin Road, Ipswich, Suffolk IP2 8BJ2
£170K07/230.14 mi18, Philip Road, Ipswich, Suffolk IP2 8BH2
£140K12/200.16 mi104, Wherstead Road, Ipswich, Suffolk IP2 8JP2
£163K02/210.2 mi26, Philip Road, Ipswich, Suffolk IP2 8BQ2
£170K07/210.22 mi16, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£140K03/230.33 mi24, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£200K08/210.54 mi154, Heatherhayes, Ipswich, Suffolk IP2 9SG2
£240K02/230.54 mi129, Heatherhayes, Ipswich, Suffolk IP2 9SG2
£260K03/230.59 mi2, Yew Court, Ipswich, Suffolk IP2 9TU2
£212K08/210.62 mi141, Back Hamlet, Ipswich, Suffolk IP3 8AW2
£220K02/230.66 mi1, Thornhayes Close, Ipswich, Suffolk IP2 9SB2
£190K06/210.68 mi11, Heatherhayes, Ipswich, Suffolk IP2 9DE2
£200K12/220.7 mi49, Ranelagh Road, Ipswich, Suffolk IP2 0AD2
£180K02/210.7 mi176, Ranelagh Road, Ipswich, Suffolk IP2 0AB2
£190K11/210.73 mi12, Mitre Way, Ipswich, Suffolk IP3 8DH2
£215K02/230.73 mi20, Mitre Way, Ipswich, Suffolk IP3 8DH2
£177.5K06/210.73 mi6, Mitre Way, Ipswich, Suffolk IP3 8DH2
£160K03/210.74 mi70, Woodbridge Road, Ipswich, Suffolk IP4 2NG2
£168.5K01/210.77 mi13, Cobbold Street, Ipswich, Suffolk IP4 2DN2
£290K03/230.78 mi10, Oulton Road, Ipswich, Suffolk IP3 0QD2
£230K07/230.82 mi46, St Georges Street, Ipswich, Suffolk IP1 3LH2
£190K04/210.83 mi12, Arthurs Terrace, Ipswich, Suffolk IP4 2NN2
£130K11/200.83 mi24, Cemetery Road, Ipswich, Suffolk IP4 2EP2
£179K06/210.85 mi18, Lancaster Road, Ipswich, Suffolk IP4 2NY2
£230K12/200.85 mi21, Palmerston Road, Ipswich, Suffolk IP4 2NU2
£185K01/210.87 mi67, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£165K05/230.87 mi20, Hervey Street, Ipswich, Suffolk IP4 2ES2
£177.5K06/230.89 mi7, Finchley Road, Ipswich, Suffolk IP4 2HX2
£148K06/230.89 mi20, Finchley Road, Ipswich, Suffolk IP4 2HX2
£235K06/210.89 mi66, Lacey Street, Ipswich, Suffolk IP4 2PH2
£226K12/220.9 mi53, High Street, Ipswich, Suffolk IP1 3QL2
£180K07/210.9 mi63, Hawke Road, Ipswich, Suffolk IP3 0JD2
£229K07/210.9 mi25, Nacton Road, Ipswich, Suffolk IP3 0NE2

Local Rents

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

RentDateDistanceAddressBeds 
£82508/240 miPauline Street, Ipswich, IP22
£90004/240.03 miHartley Street, Ipswich, Suffolk, IP22
£1,00001/240.05 miHartley Street, Ipswich2
£2,60005/240.05 mi-2
£1,10004/240.06 mi-2
£79506/240.07 miShelley Street, Ipswich, IP22
£90004/240.08 miAustin Street, Ipswich, Suffolk2
£90005/240.08 miAustin Street, Ipswich, Suffolk2
£90006/240.08 miAustin Street, Ipswich, Suffolk2
£90004/240.1 miCroft Street, Ipswich, IP22
£95007/240.12 miBruff Road, Ipswich, Suffolk, IP22
£1,10012/240.13 mi-2
£1,10007/240.16 miMartin Road, Ipswich, IP22
£92505/240.16 miStoke Street, IP2, Ipswich2
£1,00007/240.2 miStoke Quay, IP22
£95008/240.2 miStoke Quay, Ipswich, IP22
£1,10008/240.2 miPhilip Road, IPSWICH2
£98508/240.21 miStoke Quay, Ipswich2
£98509/240.21 miStoke Quay, Ipswich2
£97504/240.22 mi-2
£97503/240.22 mi-2
£80004/240.22 miStokebridge Maltings, Ipswich, IP22
£90008/240.23 miBruff Road, Ipswich2
£87504/240.24 miWherstead Road, Ipswich, Suffolk, IP22
£85006/240.24 miWherstead Road, Ipswich2
£90006/240.25 miWherstead Road, Ipswich, Suffolk, IP22
£65006/240.25 miApt Wherstead Road, Ipswich, IP22
£85008/240.25 miWherstead Road, Ipswich, IP22
£85008/240.25 miWherstead Road, Ipswich, IP22
£82506/240.26 miRapier Street, IP22
£85007/240.26 miRapier Street, Ipswich, IP22
£1,15004/250.29 mi-2
£1,60004/240.29 miThe Winerack, Penthouse Apartment2
£82501/240.29 miBelstead Avenue, Ipswich, Suffolk, IP22
£95008/240.29 miCranfield Mill, College Street, Ipswich2
£1,05004/240.3 miCollege Street, IPSWICH2
£1,00004/240.3 miFoundry The Mill, College Street, Ipswich2
£85007/240.3 miThe Mill, College Street, Ipswich, Suffolk, IP42
£1,60004/240.31 miKey Street, The Winerack Key Street, IP42
£1,10006/240.31 miKey Street, IPSWICH2
£1,30009/240.31 miKey Street, IPSWICH2
£1,00001/240.31 miKey Street, Ipswich2
£1,10005/240.31 miThe Winerack, Ipswich2
£1,15009/240.31 miThe Winerack, Key Street, Ipswich2
£1,45006/240.31 miWinerack Apartments, Key Street, Ipswich2
£1,25008/240.31 miThe Shamrock, Ipswich2
£89506/240.32 miThe Mill2
£95008/240.32 miCowell Street, Ipswich, Suffolk, IP22
£1,20004/240.34 mi-2

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

0.83 miles away

Nearest school

0.20 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £150,000

January 27, 2025

Floor Plans

Description

  • No Onward Chain +
  • Mid Terraced House +
  • Two Bedrooms +
  • Ground Floor Bathroom +
  • 22ft Lounge/Dining Room +
  • Low-Maintenance Rear Garden +
  • Double Glazing & Gas Central Heating +
  • Ideal First Time/Investment Purchase +

Situated just a few minutes’ from Ipswich town centre close to the waterfront and offering good access to the mainline train station together with A12 and A14 commuter trunk roads lies this nicely presented two bedroom mid terrace house which is being sold with no onward chain and would make an ideal first time / investment purchase. The property benefits from a low-maintenance rear garden, double glazing, and gas central heating. As agents, we recommend the earliest possible internal viewing to appreciate the quality of accommodation on offer which comprises 22ft open plan lounge / dining room, kitchen, ground floor bathroom, and two first floor bedrooms.

The county town of Ipswich offers a range of local amenities including schools, university, shops, doctors, dental surgeries, hospital, two theatres, parks including the popular Orwell Country Park, recreational facilities, and mainline railway station providing direct links to London Liverpool Street Station with a journey time of approximately 1hr 15mins. The vibrant waterfront has undergone an extensive rebuilding and gentrification programme and now boasts some fashionable bars and restaurants, together with the University of Suffolk.

Council tax band: A
EPC Rating: D

Agent Details

Palmer & Partners, Suffolk

01473 211705

Next Steps?

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