2 Bed Flat, Single Let, Ipswich, IP4 2LX, £130,000

St. Helens Street, Ipswich, IP4 2LX - 2 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+9 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£149,190
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£40,300

 

 

Cash Out

 

Rent Range

£527 - £3,600

Rent Estimate

£750

Running Costs/mo

£576

Cashflow/mo

£174

Cashflow/yr

£2,085

ROI

5%

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 
£115K08/210.13 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.13 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£135K03/230.25 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£322.5K06/230.3 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.3 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.3 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.3 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.3 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£146.5K01/230.35 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.35 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£142K02/230.35 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£133K09/220.36 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.38 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.38 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.38 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.38 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.38 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K04/210.39 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.39 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.39 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.39 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.39 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£135K04/230.39 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.39 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£151.5K12/200.4 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£130K02/230.41 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.41 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.41 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£125.5K05/210.41 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.42 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.42 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125K04/230.42 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.42 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.42 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£125K06/210.43 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£138.5K10/220.43 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£114K01/230.44 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£140K11/210.44 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£145K07/210.44 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£130K10/220.44 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£147K10/220.49 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.49 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£161K09/210.52 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£320K04/210.52 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£150K02/210.58 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.58 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.58 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.58 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£167.5K11/220.59 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£108K11/210.61 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2

Local Rents

51 rents from £527/mo to £3.6K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£77508/240.05 miSt. Helens Street, Ipswich2
£75008/240.05 miSt. Helens Street, Ipswich2
£87504/240.07 miSt Helens Street, Ipswich2
£1,00004/240.08 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£90007/240.08 miSt Helens Street, Ipswich2
£1,00004/240.09 miRope Walk, Ipswich2
£80004/240.13 miWoodbridge Road, Ipswich, Suffolk, IP42
£95007/240.14 miBond Street, IPSWICH2
£85009/240.16 miOxford Road, IPSWICH2
£80005/240.17 miGrimwade Street, Ipswich2
£97506/240.18 miCemetery Road, Ipswich, IP42
£87508/240.19 miStar Lane, Ipswich, Suffolk, UK, IP42
£75005/240.19 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.19 miStar Lane, Ipswich, Suffolk, IP42
£89504/240.2 miHervey Street, Ipswich2
£87504/240.2 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£87507/240.2 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£1,10009/240.22 mi-2
£99510/240.22 mi-2
£92504/240.22 mi-2
£92504/240.22 mi-2
£97504/240.22 miChristchurch Street,Ipswich,IP42
£1,00005/240.22 miChristchurch Street, Ipswich2
£92507/240.23 miFinchley Road, Ipswich2
£85004/240.24 mi-2
£3,60005/240.25 mi-2
£3,60010/240.25 mi-2
£85007/240.25 miNorfolk Road, Ipswich, Suffolk, UK, IP42
£75004/240.25 miChristchurch Street, Ipswich2
£1,10006/240.25 miNottidge Road, Ipswich2
£97505/240.25 miFoundation Street, Ipswich2
£90005/240.25 miFinchley Road2
£85004/240.25 miCemetery Road, Ipswich, Suffolk, IP42
£92508/240.26 miNottidge Road, Ipswich, Suffolk, IP42
£80001/240.26 miFore Street, Ipswich, Suffolk, IP42
£97504/240.26 mi-2
£87504/240.26 mi-2
£82507/240.26 miFlat 705, Carr Street, Ipswich2
£89504/240.27 miFoundation Street, Ipswich, IP42
£89504/240.27 miFoundation Street, Ipswich, IP42
£1,05008/240.27 miFoundation Street, IPSWICH2
£95001/240.27 miLower Orwell Street, Ipswich, IP42
£52706/240.27 mi-2
£99504/240.28 miWoodbridge Road, Ipswich, IP42
£53210/240.28 mi-2
£95007/240.29 miMeridian Rise, Ipswich, Suffolk, IP42
£95008/240.29 miMeridian Rise, Ipswich, Suffolk, IP42
£82501/240.29 miFore Hamlet, Ipswich2
£1,32504/240.29 miNeptune Square, Ipswich2
£1,25008/240.29 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.29 miNeptune Square, Ipswich, Suffolk, IP42

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.15 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £130,000

February 20, 2025

Listed for £135,000

January 30, 2025

Floor Plans

Description

  • Two large double bedrooms +
  • Spacious lounge +
  • Private balcony +
  • Permit parking in the communal car park +
  • Town centre location +
  • Short walk to Ipswich Train Station & Marina +
  • Great school catchments +

SUMMARY
This well-presented first floor apartment benefits from two large double bedrooms, a spacious lounge, a seperate kitchen, a private balcony and permit parking in the communal car park.

DESCRIPTION
.

Entrance Hall 15' 1" x 2' 9" ( 4.60m x 0.84m )
Wood effect flooring, one radiator, an entry phone system and loft hatch.

Lounge 15' 2" x 11' 7" ( 4.62m x 3.53m )
Dual aspect double glazed windows over-looking the communal front garden, wood effect flooring, one radiator, TV point and a door leading to the private balcony.

Balcony 
A cladded exterior and space for a small table and chairs.

Kitchen 9' 9" x 8' 8" ( 2.97m x 2.64m )
Eye and base level units in wood with stone effect worktop surfaces, a stainless steel one and a half bowl sink plus drainer and chrome mixer tap, tiled splashback, a boxed in boiler, tiled effect flooring, a double glazed window to the rear, one radiator, space for a cooker, fridge/freezer, washing machine and dishwasher.

Master Bedroom 14' 4" x 9' 3" ( 4.37m x 2.82m )
Double glazed windows to the front and side, carpet flooring and one radiator.

Bedroom Two 10' 2" x 8' 9" ( 3.10m x 2.67m )
Double glazed windows to the side, carpet flooring and one radiator.

Bathroom 6' 8" x 5' 7" ( 2.03m x 1.70m )
Low level WC, pedestal wash hand basin, a bath with shower attachment and tiled splashback, one radiator, part tiled walls, tiled flooring and double glazed window to the rear.

Outside 
A brick shed on the ground floor, which is used for storage and sold as seen. This shed has a broken door and window, which is not likely to be repaired by the current vendor. There is large storage cupboard on the landing opposite the front door.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Ipswich

01473 943298

Next Steps?

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