2 Bed Flat, Single Let, Ipswich, IP3 0FF, £135,000

Siloam Place, Ipswich, IP3 0FF - 1 views - a month ago

Leasehold
BTL
ROI: 6%
~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£2K/m²

Value Estimate

£146,791
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£41,700

 

 

Cash Out

 

Rent Range

£750 - £1,325

Rent Estimate

£800

Running Costs/mo

£602

Cashflow/mo

£198

Cashflow/yr

£2,378

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £131.5K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£147K10/220 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£114K01/230.05 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£130K10/220.06 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£125K06/210.06 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£138.5K10/220.07 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K02/230.08 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.08 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.08 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£140K12/220.08 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.08 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125.5K05/210.08 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K11/210.08 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£135K04/230.09 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.09 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£120K04/210.11 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.11 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.11 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.11 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.11 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£133K09/220.12 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£151.5K12/200.13 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£322.5K06/230.29 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.29 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.29 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.29 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.29 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£320K04/210.42 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£142K02/230.43 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£180K05/210.53 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£155K07/230.55 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£108K11/210.57 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£115K08/210.57 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.59 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£137.5K04/230.63 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£135K11/210.66 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K10/210.68 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£125K04/230.72 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.72 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.72 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£135K03/230.73 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£120K12/220.74 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£146.5K01/230.74 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.74 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£110K12/200.75 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.75 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£121K02/210.77 mi64, Provan Court, Ipswich, Suffolk IP3 8GG2
£130K10/210.77 mi66, Provan Court, Ipswich, Suffolk IP3 8GG2
£130K06/210.77 mi50, Provan Court, Ipswich, Suffolk IP3 8GG2
£125K04/210.77 mi90, Provan Court, Ipswich, Suffolk IP3 8GG2

Local Rents

52 rents from £750/mo to £1.3K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£95004/240.03 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£87501/240.04 miTye Road, Ipswich, Suffolk, IP32
£87506/240.06 miHope Court, Modus2
£88505/240.08 miIsham Place, Ipswich2
£85005/240.08 miIsham Place, Ipswich, Suffolk, IP32
£95012/240.11 mi-2
£89512/240.12 mi-2
£85001/240.13 miPownall Road, Ipswich, Suffolk, IP32
£87505/240.14 miMitre Way, Ipswich2
£90003/250.15 mi-2
£1,20012/240.16 mi-2
£1,20012/240.16 mi-2
£1,25012/240.16 mi-2
£80012/240.16 miFore Hamlet, Ipswich2
£95001/240.17 miAnchor Street, Ipswich2
£85012/240.18 mi-2
£1,10005/240.18 miAnchor Street, Ipswich2
£1,10012/240.18 mi-2
£1,15001/240.18 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.18 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£99504/240.19 miNeptune Marina, Ipswich, IP32
£1,05005/240.19 miCoprolite Street, Ipswich2
£1,20010/240.2 mi-2
£1,20010/240.2 mi-2
£1,10004/240.2 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£82501/240.2 miFore Hamlet, Ipswich2
£97505/240.2 miCoprolite Street, Ipswich2
£1,10005/240.21 miPatteson Road, Ipswich2
£1,10005/240.21 miPatteson Road, IPSWICH2
£1,15001/240.29 miNeptune Square, Ipswich, IP42
£1,20007/240.29 miNeptune Square, Ipswich, IP42
£95008/240.29 miNeptune Square, Ipswich, IP42
£1,20001/240.29 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.29 miNeptune Square, Ipswich2
£1,20007/240.29 miNeptune Square, Ipswich, IP42
£1,25008/240.29 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.29 miNeptune Square, Ipswich, Suffolk, IP42
£1,10012/240.32 mi-2
£99504/240.33 miFoxhall Road, Ipswich, Suffolk2
£97504/240.33 miFoxhall Road, IP32
£97505/240.33 miFoxhall Road, Ipswich, Suffolk2
£80001/240.33 miFore Street, Ipswich, Suffolk, IP42
£97004/250.37 mi-2
£97503/250.38 mi-2
£80005/240.38 miGrimwade Street, Ipswich2
£89508/240.4 miRosebery Road, Ipswich, Suffolk, UK, IP42
£1,00004/240.4 miRope Walk, Ipswich2
£75005/240.4 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.4 miStar Lane, Ipswich, Suffolk, IP42
£87508/240.41 miStar Lane, Ipswich, Suffolk, UK, IP42
£85009/240.41 miOxford Road, IPSWICH2
£1,00004/240.41 miSt Edmund House, Rope Walk, Ipswich, Suffolk, IP42

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.48 miles away

Nearest school

0.40 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £135,000

March 5, 2025

Floor Plans

Description

  • Two bedrooms +
  • Spacious apartment +
  • Allocated parking +
  • Walking distance to Ipswich Town Centre +
  • Close to the Waterfront +
  • Close to local amenities +

SUMMARY
This well-presented, two bedroom ground floor apartment in situated in central Ipswich, close to the Waterfront and benefits from a spacious lounge/diner and allocated parking.

DESCRIPTION
.

Entrance Hall 22' 1" x 4' 9" ( 6.73m x 1.45m )
Vinyl flooring, an entry phone system and an airing cupboard.

Lounge/Kitchen 18' 2" x 15' 6" ( 5.54m x 4.72m )
Two double glazed windows to the side, vinyl flooring, TV point, one electric radiator, grey wood effect flooring throughout, a range of eye and base level units in wood with marble effect worktop surfaces, a stainless steel one and a half bowl sink plus drainer and chrome tap, an integrated oven with electric hob and extractor hood, tiled splashback, space for fridge/freezer, washing machine and tumble dryer.

Bathroom  7' 6" x 5' 7" ( 2.29m x 1.70m )
Double glazed window to the side, an enclosed WC, an inset sink, a bath with overhead shower and glass screen, tiled splashback, grey vinyl flooring, one electric radiator and an extractor fan.

Bedroom One  15' 4" x 11' 6" ( 4.67m x 3.51m )
Double glazed to the rear, one radiator and grey wood effect flooring.

En Suite 
Enclosed WC, wash hand basin sink with chrome mixer tap and tiled surround, a shower with foldable glass screen and tiled splashback, extractor fan, one electric heater and grey vinyl flooring

Bedroom Two 11' 5" x 8' 3" ( 3.48m x 2.51m )
Double glazed window to the front, one radiator and grey wood effect flooring.

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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