2 Bed Flat, Single Let, Ipswich, IP4 1NF, £150,000

St Edmund House, Rope Walk, Ipswich, IP4 1NF - a month ago

Leasehold
BTL
ROI: 3%
~68 m²
+7 photos

ValuationFair Value

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

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£149,190

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£492 - £3,600

Rent Estimate

£750

Running Costs/mo

£639

Cashflow/mo

£111

Cashflow/yr

£1,335

ROI

3%

Gross Yield

6%

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 
£115K08/210.18 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.19 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£322.5K06/230.22 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.22 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.22 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.22 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.22 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£133K09/220.28 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.3 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.3 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.3 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.3 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.3 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£151.5K12/200.31 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£135K04/230.31 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.31 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£130K02/230.33 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.33 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.33 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£125.5K05/210.33 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.34 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.34 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£142K02/230.34 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£135K03/230.34 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£125K06/210.35 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£138.5K10/220.35 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£140K11/210.35 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£114K01/230.36 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£130K10/220.36 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£147K10/220.4 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.4 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£146.5K01/230.41 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.41 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£320K04/210.46 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£130K04/210.46 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.46 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.46 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.46 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.46 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£125K04/230.47 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.47 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.47 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£145K07/210.51 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£161K09/210.52 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£108K11/210.55 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£150K02/210.57 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.57 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.57 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.57 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£137.5K04/230.64 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2

Local Rents

51 rents from £492/mo to £3.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,00004/240.02 miRope Walk, Ipswich2
£1,00004/240.02 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42
£77508/240.09 miSt. Helens Street, Ipswich2
£75008/240.09 miSt. Helens Street, Ipswich2
£90007/240.1 miSt Helens Street, Ipswich2
£80005/240.1 miGrimwade Street, Ipswich2
£87504/240.12 miSt Helens Street, Ipswich2
£87508/240.13 miStar Lane, Ipswich, Suffolk, UK, IP42
£75005/240.13 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.13 miStar Lane, Ipswich, Suffolk, IP42
£85009/240.15 miOxford Road, IPSWICH2
£95007/240.16 miBond Street, IPSWICH2
£80001/240.19 miFore Street, Ipswich, Suffolk, IP42
£80004/240.2 miWoodbridge Road, Ipswich, Suffolk, IP42
£82501/240.21 miFore Hamlet, Ipswich2
£1,20001/240.22 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.22 miNeptune Square, Ipswich2
£1,20007/240.22 miNeptune Square, Ipswich, IP42
£1,25008/240.22 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.22 miNeptune Square, Ipswich, Suffolk, IP42
£1,15001/240.22 miNeptune Square, Ipswich, IP42
£1,20007/240.22 miNeptune Square, Ipswich, IP42
£95008/240.22 miNeptune Square, Ipswich, IP42
£97505/240.23 miFoundation Street, Ipswich2
£95001/240.24 miLower Orwell Street, Ipswich, IP42
£80012/240.24 miFore Hamlet, Ipswich2
£52706/240.25 mi-2
£89504/240.25 miFoundation Street, Ipswich, IP42
£89504/240.25 miFoundation Street, Ipswich, IP42
£1,05008/240.25 miFoundation Street, IPSWICH2
£1,20010/240.25 mi-2
£1,20010/240.25 mi-2
£53210/240.26 mi-2
£97505/240.26 miCoprolite Street, Ipswich2
£1,05005/240.26 miCoprolite Street, Ipswich2
£97506/240.26 miCemetery Road, Ipswich, IP42
£1,10004/240.26 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£99504/240.26 miNeptune Marina, Ipswich, IP32
£89504/240.27 miHervey Street, Ipswich2
£87504/240.27 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£87507/240.27 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£49204/240.28 mi-2
£1,10006/240.28 miNottidge Road, Ipswich2
£3,60005/240.28 mi-2
£3,60010/240.28 mi-2
£85001/240.28 miPownall Road, Ipswich, Suffolk, IP32
£1,10009/240.28 mi-2
£92508/240.29 miNottidge Road, Ipswich, Suffolk, IP42
£95012/240.29 mi-2
£89512/240.3 mi-2
£97504/240.3 mi-2

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.18 miles away

Nearest school

0.10 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £150,000

February 20, 2025

Floor Plans

Description

  • Open plan/kitchen/diner +
  • Two bedroom apartment +
  • Ideal location +
  • Allocated parking +
  • Secure Access +
  • Close to university +

An excellent opportunity for a FIRST TIME BUYER or BUY TO LET INVESTOR to purchase this extremely light and spacious first floor apartment located in CENTRAL IPSWICH with two LIFT FACILITIES and ALLOCATED SECURE UNDERGROUND PARKING SPACES. The accommodation offers main open plan living and kitchen area offers a light southerly aspect. Transport links are excellent with Ipswich Railway Station less than a 10-minute walk (Valuer's Opinion). Ipswich Water front boasts a variety of bars and restaurants such as Isaac's and Pizza Express. There is also Dance East, 24-hour Gym and Suffolk University

Agent Details

Marks & Mann Estate Agents Ltd, Covering Suffolk

01473 938325

Next Steps?

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