2 Bed Flat, Single Let, Ipswich, IP2 8EB, £110,000

Croft Street, Ipswich, Suffolk, IP2 8EB - 1 views - a month ago

Leasehold
BTL
ROI: 9%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£55K - £322.5K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£134,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£650 - £2,600

Rent Estimate

£785

Running Costs/mo

£521

Cashflow/mo

£264

Cashflow/yr

£3,171

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £55K to £322.5K, average is £135K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£120K10/200 mi7, Croft Street, Ipswich, Suffolk IP2 8EB2
£135K11/210.05 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K10/210.12 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£110K12/200.14 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.14 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£137.5K04/230.19 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£153.5K12/220.21 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£108K11/210.24 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£55K10/200.26 miFlat 17, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£120K01/230.26 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£123.5K04/210.27 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£320K04/210.28 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£190.5K09/210.46 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£322.5K06/230.52 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.52 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.52 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.52 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.52 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£150K02/210.54 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.54 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.54 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.54 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£151.5K12/200.55 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£160K05/230.56 mi35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ2
£140K11/210.56 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£140K12/220.59 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.59 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£138.5K10/220.59 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K10/220.59 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£125.5K05/210.59 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£133K09/220.62 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£130K02/230.62 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.62 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.62 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£147K10/220.62 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.62 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£120K04/210.62 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.62 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.62 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.62 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.62 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£114K01/230.62 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£161K09/210.62 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£125K06/210.63 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£135K04/230.63 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.63 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£137K12/210.7 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£127K09/210.7 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.7 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.7 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2

Local Rents

49 rents from £650/mo to £2.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90004/240 miCroft Street, Ipswich, IP22
£95007/240.02 miBruff Road, Ipswich, Suffolk, IP22
£1,00001/240.06 miHartley Street, Ipswich2
£90004/240.08 miHartley Street, Ipswich, Suffolk, IP22
£1,10004/240.09 mi-2
£1,10012/240.09 mi-2
£82508/240.1 miPauline Street, Ipswich, IP22
£79506/240.12 miShelley Street, Ipswich, IP22
£97504/240.12 mi-2
£97503/240.12 mi-2
£2,60005/240.13 mi-2
£90008/240.14 miBruff Road, Ipswich2
£87504/240.15 miWherstead Road, Ipswich, Suffolk, IP22
£85006/240.15 miWherstead Road, Ipswich2
£90006/240.15 miWherstead Road, Ipswich, Suffolk, IP22
£65006/240.15 miApt Wherstead Road, Ipswich, IP22
£85008/240.15 miWherstead Road, Ipswich, IP22
£85008/240.15 miWherstead Road, Ipswich, IP22
£82506/240.17 miRapier Street, IP22
£85007/240.17 miRapier Street, Ipswich, IP22
£1,10007/240.18 miMartin Road, Ipswich, IP22
£90004/240.18 miAustin Street, Ipswich, Suffolk2
£90005/240.18 miAustin Street, Ipswich, Suffolk2
£90006/240.18 miAustin Street, Ipswich, Suffolk2
£95008/240.22 miCowell Street, Ipswich, Suffolk, IP22
£1,10008/240.24 miPhilip Road, IPSWICH2
£92505/240.25 miStoke Street, IP2, Ipswich2
£82501/240.26 miBelstead Avenue, Ipswich, Suffolk, IP22
£1,00007/240.28 miStoke Quay, IP22
£95008/240.28 miStoke Quay, Ipswich, IP22
£98508/240.29 miStoke Quay, Ipswich2
£98509/240.29 miStoke Quay, Ipswich2
£80004/240.32 miStokebridge Maltings, Ipswich, IP22
£1,15004/250.35 mi-2
£1,60004/240.39 miThe Winerack, Penthouse Apartment2
£95008/240.39 miCranfield Mill, College Street, Ipswich2
£80005/240.4 miBurrell Road, Ipswich, IP22
£85007/240.4 miThe Mill, College Street, Ipswich, Suffolk, IP42
£1,05004/240.4 miCollege Street, IPSWICH2
£1,00004/240.4 miFoundry The Mill, College Street, Ipswich2
£1,60004/240.4 miKey Street, The Winerack Key Street, IP42
£1,10006/240.41 miKey Street, IPSWICH2
£1,30009/240.41 miKey Street, IPSWICH2
£1,25008/240.41 miThe Shamrock, Ipswich2
£1,45006/240.41 miWinerack Apartments, Key Street, Ipswich2
£1,00001/240.41 miKey Street, Ipswich2
£1,10005/240.41 miThe Winerack, Ipswich2
£1,15009/240.41 miThe Winerack, Key Street, Ipswich2
£1,25001/240.41 miWentworth House, Ipswich2

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

0.91 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £110,000

March 7, 2025

Floor Plans

Description

This spacious first floor flat offers spacious accommodation approx. 750sqft and is situated close to the waterfront within a reasonable walking distance of the mainline station, the university and town centre. hall, lounge, fitted kitchen, 2 bedroom and family bathroom. The property has electric radiator central heating. For sale to investors only with a tenant in situ paying a current rent of £785 pcm.

Communal hall stairs and landing: door to:

Entrance hall: Phone entry system, radiator, doors to:

Bathroom: White suite comprising bath with shower mixer tap, low level flushing WC and wash hand basin. Tiled splashbacks., vinyl flooring, radiator and extractor fan.

Bedroom 2: Sash window to rear, radiator and TV point.

Bedroom 1: 2 sash windows to side, and radiator.

Lounge: Double aspect sealed unit double glazed windows to side and rear, TV point, radiator and Honeywell thermostat.

Kitchen: Fitted with a range of beech effect units with inset single drainer stainless stell sink unit with cupboards, drawers and space under. Plumbing for automatic washing machine. Built in oven, hob and extractor hood. Two double eye level units, boiler cupboard housing GAH Electrastream, vinyl flooring and sealed unit double glazed window to side.

Services: We understand mains water, electricity and drainage are connected to the property.

Council Tax:
Band 'B' payable to Ipswich Borough Council

Broadband speeds:
Standard 4 Mbps
Superfast 80 Mbps
Ultrafast 1000 Mbps

Agents notes: The property is leasehold -
Length of lease 125 years from 2024
Ground rent - £100 per annum
Service charge - £tbc

Agent Details

Maxwell Brown, Stowmarket

01449 673948

Next Steps?

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