2 Bed Flat, Single Let, Ipswich, IP1 2QE, £125,000

Yeoman Close, Ipswich, IP1 2QE - 2 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£64K - £190.5K
Sold Prices/m²£1.6K/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£147,821
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£695 - £1,850

Rent Estimate

£788

Running Costs/mo

£568

Cashflow/mo

£220

Cashflow/yr

£2,637

ROI

7%

Gross Yield

8%

Local Sold Prices

42 sold prices from £64K to £190.5K, average is £132.5K. £1.6K/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£120K11/200.01 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.01 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£110K12/200.03 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£115K09/210.24 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£105K11/210.28 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£64K03/230.33 miFlat 510, The Spectrum, Dunlop Road, Ipswich, Suffolk IP2 0UJ2
£142K05/230.33 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£127.8K03/210.35 mi64, Fulham Way, Ipswich, Suffolk IP1 4FD2
£115K04/210.45 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.45 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£139K11/220.55 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£150K10/220.57 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£123.5K10/200.57 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.57 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£121K05/210.59 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K05/210.59 mi46, Holman Court, Ipswich, Suffolk IP2 0ES2
£132.5K02/210.59 mi6, Holman Court, Ipswich, Suffolk IP2 0ES2
£120K02/230.59 mi34, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K10/220.59 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£121K05/210.6 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K11/220.61 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£137.5K12/220.61 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£127K09/210.64 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.64 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.64 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£137K12/210.64 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£147K12/220.78 mi9, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£148K06/230.78 mi21, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£132.5K07/210.78 mi25, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£132.5K07/230.78 mi27, Ganymede Close, Ipswich, Suffolk IP1 5AE2
£167.5K11/220.79 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£147.5K04/230.8 mi46, Hyperion Court, Ipswich, Suffolk IP1 5AJ2
£145K12/220.83 mi107, Saturn Road, Ipswich, Suffolk IP1 5PS2
£161K09/210.83 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£150K02/210.84 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.84 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.84 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.84 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£130K01/230.85 mi101, Saturn Road, Ipswich, Suffolk IP1 5PS2
£145K01/230.85 mi133, Saturn Road, Ipswich, Suffolk IP1 5PS2
£120K08/210.93 mi5, Spinner Close, Ipswich, Suffolk IP1 5RA2
£190.5K09/210.93 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2

Local Rents

51 rents from £695/mo to £1.9K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£89504/240.03 miYeoman Close, Ipswich, IP12
£87505/240.03 miYeoman Close, Ipswich, IP12
£92505/240.11 miBeaconsfield Road, IPSWICH2
£99504/240.16 miBeaconsfield Road, IPSWICH2
£1,10011/240.19 mi-2
£1,10011/240.19 mi-2
£77504/240.2 miLondon Road, Ipswich, IP12
£69512/230.21 mi-2
£80006/240.23 miLondon Road, Ipswich2
£95003/240.23 mi-2
£90012/240.23 mi-2
£90002/240.23 miBramford Road, Ipswich2
£80004/240.24 miChevallier Street, Ipswich, Suffolk, IP12
£90004/240.26 miRendlesham Road, Ipswich, Suffolk, IP12
£85004/240.26 miRendlesham Road, Ipswich2
£85004/240.27 miRendlesham Road, IP12
£95005/240.27 miWellington Street, IPSWICH2
£86003/240.29 mi-2
£90003/240.3 miBulwer Road, Ipswich, Suffolk, IP12
£89506/240.31 miProvidence Lane, Ipswich, IP12
£1,85004/240.32 mi-2
£1,40005/240.32 mi-2
£1,55009/240.32 mi-2
£1,40011/240.32 mi-2
£1,40003/250.32 mi-2
£1,55001/250.32 mi-2
£1,84004/240.32 mi-2
£1,84006/240.32 mi-2
£1,84012/240.32 mi-2
£1,50004/250.32 mi-2
£75008/240.33 miDunlop Road, Ipswich2
£87506/240.33 miCullingham Road, Ipswich, IP12
£85006/240.34 mi25 Elm Street, Ipswich, IP12
£85004/240.34 miNorwich Court, Chevallier Street, Ipswich, Suffolk, IP12
£82505/240.34 miNorwich Court, Chevallier Street, Ipswich, Suffolk, IP12
£85002/250.35 mi-2
£82504/240.36 mi-2
£82504/240.36 miChevallier Street, Ipswich, IP12
£99506/240.38 miBramford Lane, IPSWICH2
£1,15012/240.38 mi-2
£1,80004/250.38 mi-2
£87512/240.39 mi-2
£95005/240.4 miBurlington Road, Ipswich2
£99503/240.42 mi-2
£85004/240.43 miAnn Street, Ipswich, IP12
£90005/240.43 miAnn Street, Ipswich, IP12
£1,05011/240.45 mi-2
£1,20004/240.45 mi-2
£80004/240.45 miNorwich Road, Ipswich, Suffolk, IP12
£1,40004/240.45 mi-2
£90005/240.46 miIpswich, Suffolk2

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Price changed to £125,000

March 24, 2025

Listed for £130,000

February 10, 2025

Floor Plans

Description

  • Completely refurbished throughout +
  • Two double bedrooms +
  • Open plan kitchen/diner/lounge +
  • Private balcony with river views +
  • One allocated, secure, underground parking space with fob entry. +
  • Wren fitted kitchen +
  • Beautiful contemporary bathroom with standalone bath +
  • Short walk to Ipswich Town Centre +

SUMMARY
This beautiful, third floor apartment has been completely refurbished throughout, to a very high standard and boasts two double bedrooms, a stunning, contemporary bathroom, an open plan kitchen/diner/lounge with Wren fitted kitchen, a private balcony with river views and one allocated parking space.

DESCRIPTION
*GUIDE PRICE £125,000-£135,000*.

Entrance Hall 
Stylish entrance hall with engineered oak flooring, painted walls, one radiator and an airing cupboard.

Kitchen/Diner/Lounge 26' 4" x 12' ( 8.03m x 3.66m )
This stunning room has been completely renovated by the current vendor and boasts engineered oak flooring in the lounge area, a door to the balcony, double glazed window to the rear with river views, TV point, a feature brick chimney breast with cladding, space for an electric fire with tiled surround, one electric radiator, spot lights, a breakfast bar area with seating, oak work top, storage space and wine cooler. The kitchen itself benefits from tiled flooring, eye and base level Wren units in dark grey with oak worktop surfaces, ample storage space, a black sink plus drainer and black flexi mixer tap, a brick splashback, an integrated fridge/freezer, an integrated washer/dryer and an integrated oven with induction hob and black extractor hood.

Master Bedroom 16' 1" x 8' 3" ( 4.90m x 2.51m )
Double glazed window to the rear, carpet flooring, one electric radiator and a double built in wardrobe.

Bedroom Two 11' 9" x 7' 3" ( 3.58m x 2.21m )
Double glazed window to the rear, carpet flooring and one electric radiator.

Bathroom 7' 3" x 5' 7" ( 2.21m x 1.70m )
Stunning bathroom, which has been renovated by the current vendor, with a roll top standalone bath on a raised tiled base, standalone chrome taps, shower attachment and waterfall showerhead, enclosed WC, an oval standalone sink with oak surface, chrome heated towel rail, extractor fan, part cladded and part tiled walls and tiled flooring.

Balcony 11' 5" x 3' 7" ( 3.48m x 1.09m )
Hard tiled flooring, a shingle area, a balustrade, a partially cladded area, river views and space for a small table and chairs.

Parking 
One allocated, secure, underground parking space with fob entry.

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?

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