2 Bed Flat, Single Let, Ipswich, IP3 8AF, £110,000

Fore Hamlet, Ipswich, IP3 8AF - 1 views - a month ago

Leasehold
BTL
ROI: 10%
~68 m²
+8 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£132,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£800 - £1,325

Rent Estimate

£800

Running Costs/mo

£524

Cashflow/mo

£276

Cashflow/yr

£3,315

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £133.5K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£114K01/230.05 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£125K06/210.05 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£147K10/220.06 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.06 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£130K02/230.07 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.07 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.07 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£135K04/230.08 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.08 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£130K10/220.09 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£138.5K10/220.09 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£125.5K05/210.1 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£120K04/210.1 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.1 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.1 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.1 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.1 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£140K12/220.1 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.1 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£133K09/220.11 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£140K11/210.12 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£151.5K12/200.15 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£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
£142K02/230.37 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£320K04/210.46 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£180K05/210.48 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£155K07/230.5 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£115K08/210.55 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.57 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£108K11/210.61 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£125K04/230.67 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.67 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.67 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£137.5K04/230.67 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£120K10/200.67 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£120K12/220.68 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£135K03/230.69 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£146.5K01/230.7 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.7 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£135K11/210.71 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£135K05/230.74 mi18, Provan Court, Ipswich, Suffolk IP3 8GG2
£121K02/210.74 mi64, Provan Court, Ipswich, Suffolk IP3 8GG2
£130K10/210.74 mi66, Provan Court, Ipswich, Suffolk IP3 8GG2
£130K06/210.74 mi50, Provan Court, Ipswich, Suffolk IP3 8GG2
£125K04/210.74 mi90, Provan Court, Ipswich, Suffolk IP3 8GG2
£110K10/210.74 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2

Local Rents

52 rents from £800/mo to £1.3K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£95004/240.07 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£88505/240.07 miIsham Place, Ipswich2
£85005/240.08 miIsham Place, Ipswich, Suffolk, IP32
£87506/240.09 miHope Court, Modus2
£87501/240.09 miTye Road, Ipswich, Suffolk, IP32
£95012/240.1 mi-2
£87505/240.1 miMitre Way, Ipswich2
£90003/250.11 mi-2
£89512/240.12 mi-2
£85001/240.12 miPownall Road, Ipswich, Suffolk, IP32
£80012/240.16 miFore Hamlet, Ipswich2
£82501/240.18 miFore Hamlet, Ipswich2
£99504/240.2 miNeptune Marina, Ipswich, IP32
£1,05005/240.2 miCoprolite Street, Ipswich2
£1,20010/240.2 mi-2
£1,20010/240.2 mi-2
£1,10004/240.21 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£97505/240.21 miCoprolite Street, Ipswich2
£1,20012/240.21 mi-2
£1,20012/240.21 mi-2
£1,25012/240.22 mi-2
£95001/240.23 miAnchor Street, Ipswich2
£85012/240.23 mi-2
£1,10005/240.24 miAnchor Street, Ipswich2
£1,10012/240.24 mi-2
£1,15001/240.24 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.24 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£1,10012/240.26 mi-2
£1,10005/240.27 miPatteson Road, Ipswich2
£1,10005/240.27 miPatteson Road, IPSWICH2
£99504/240.27 miFoxhall Road, Ipswich, Suffolk2
£97504/240.27 miFoxhall Road, IP32
£97505/240.27 miFoxhall Road, Ipswich, Suffolk2
£1,20001/240.3 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.3 miNeptune Square, Ipswich2
£1,20007/240.3 miNeptune Square, Ipswich, IP42
£1,25008/240.3 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.3 miNeptune Square, Ipswich, Suffolk, IP42
£1,15001/240.3 miNeptune Square, Ipswich, IP42
£1,20007/240.3 miNeptune Square, Ipswich, IP42
£95008/240.3 miNeptune Square, Ipswich, IP42
£97503/250.33 mi-2
£80001/240.34 miFore Street, Ipswich, Suffolk, IP42
£97001/250.34 mi-2
£89508/240.34 miRosebery Road, Ipswich, Suffolk, UK, IP42
£92508/240.36 miWellesley Road, Ipswich, IP42
£85009/240.36 miOxford Road, IPSWICH2
£80007/240.37 miFinbars Walk, Ipswich2
£85008/240.37 miFinbars Walk, Ipswich2
£80005/240.37 miGrimwade Street, Ipswich2
£1,15008/240.38 miFinbars Walk, Ipswich, Suffolk, IP42
£1,00004/240.38 miRope Walk, Ipswich2

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.44 miles away

Nearest school

0.40 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £110,000

February 21, 2025

Floor Plans

Description

  • Two double bedrooms +
  • En Suite +
  • Close to amenities +
  • Second Floor +
  • Chain free +
  • Double glazing +
  • Secure Access +

Introduced to the market for sale is this two bedroom second floor apartment being sold chain free. The property is positioned in an ideal location close schools, bus routes and a short drive to the town centre which offers a wealth of amenities. The property benefits from the entrance hall, living room, kitchen, bedroom one which benefits from an En-suite, bedroom two and the bathroom. The property would make an ideal first time purchase or investment. Enquire today to register your interest and arrange a first hand viewing.

Agent Details

Marks & Mann Estate Agents Ltd, Covering Suffolk

01473 938325

Next Steps?

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