2 Bed Flat, Single Let, Ipswich, IP3 0AR, £150,000

Patteson Road, Ipswich, IP3 0AR - a month ago

Leasehold
BTL
ROI: 5%
~68 m²
+6 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

£152,321

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£800 - £4,000

Rent Estimate

£850

Running Costs/mo

£659

Cashflow/mo

£191

Cashflow/yr

£2,295

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £134.5K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£140K11/210.14 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£147K10/220.15 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.15 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£130K10/220.15 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£138.5K10/220.16 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£140K12/220.16 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.16 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£125.5K05/210.17 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£114K01/230.17 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£151.5K12/200.18 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£125K06/210.18 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£130K02/230.19 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.19 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.19 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£135K04/230.21 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.21 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£120K04/210.21 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.21 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.21 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.21 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.21 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£133K09/220.22 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£322.5K06/230.31 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.31 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.31 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.31 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.31 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£320K04/210.34 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£108K11/210.49 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£135K11/210.53 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£137.5K04/230.53 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£110K10/210.55 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£142K02/230.57 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£110K12/200.61 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.61 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£153.5K12/220.63 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£115K08/210.64 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.65 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£180K05/210.67 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£155K07/230.68 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£150K02/210.74 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.74 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.74 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.74 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£120K01/230.75 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£161K09/210.76 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£123.5K04/210.76 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£135K03/230.82 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£120K07/210.85 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.85 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2

Local Rents

53 rents from £800/mo to £4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.04 miAnchor Street, Ipswich2
£1,25012/240.04 mi-2
£1,10012/240.04 mi-2
£1,15001/240.04 miAnchor Street, Ipswich, Suffolk, IP32
£99504/240.04 mi1 Anchor Street, Orwell Quay, Ipswich, IP32
£1,20012/240.06 mi-2
£1,20012/240.06 mi-2
£95001/240.06 miAnchor Street, Ipswich2
£1,10005/240.07 miPatteson Road, Ipswich2
£1,10005/240.07 miPatteson Road, IPSWICH2
£85012/240.08 mi-2
£87501/240.12 miTye Road, Ipswich, Suffolk, IP32
£95004/240.15 miSiloam Place, Modus Development, Ipswich, Suffolk, IP32
£87506/240.15 miHope Court, Modus2
£85005/240.19 miIsham Place, Ipswich, Suffolk, IP32
£88505/240.19 miIsham Place, Ipswich2
£89512/240.2 mi-2
£95012/240.22 mi-2
£85001/240.22 miPownall Road, Ipswich, Suffolk, IP32
£99504/240.23 miNeptune Marina, Ipswich, IP32
£1,10004/240.23 miNeptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP32
£1,05005/240.23 miCoprolite Street, Ipswich2
£1,20010/240.24 mi-2
£1,20010/240.24 mi-2
£97505/240.24 miCoprolite Street, Ipswich2
£80012/240.25 miFore Hamlet, Ipswich2
£87505/240.28 miMitre Way, Ipswich2
£82501/240.28 miFore Hamlet, Ipswich2
£90003/250.29 mi-2
£1,15001/240.31 miNeptune Square, Ipswich, IP42
£1,20007/240.31 miNeptune Square, Ipswich, IP42
£95008/240.31 miNeptune Square, Ipswich, IP42
£1,20001/240.31 miNeptune Square, Ipswich, Suffolk, IP42
£1,32504/240.31 miNeptune Square, Ipswich2
£1,20007/240.31 miNeptune Square, Ipswich, IP42
£1,25008/240.31 miNeptune Square, Ipswich, Suffolk, IP42
£1,25008/240.31 miNeptune Square, Ipswich, Suffolk, IP42
£1,00007/240.34 miStoke Quay, IP22
£95008/240.34 miStoke Quay, Ipswich, IP22
£80001/240.36 miFore Street, Ipswich, Suffolk, IP42
£98508/240.36 miStoke Quay, Ipswich2
£98509/240.36 miStoke Quay, Ipswich2
£4,00011/240.41 mi-2
£4,00011/240.41 mi-2
£1,00004/240.41 miThe Winerack, Key Street, Ipswich2
£1,20007/240.41 miThe Winerack, Key Street, Ipswich2
£1,00007/240.41 miThe Winerack, Key Street, Ipswich2
£1,15007/240.41 miThe Winerack, Key Street, Ipswich2
£1,09508/240.41 miThe Cambria, Key Street, Ipswich2
£1,05008/240.41 miThe Winerack, Key Street, Ipswich2
£1,12501/240.42 mi44 The Cambria, Regatta Quay, Key Street, Ipswich, Suffolk, IP42
£1,25007/240.42 miThe Cambria, Quay Street, Ipswich, IP42
£1,25007/240.42 miThe Cambria, Quay Street, Ipswich, IP42

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.60 miles away

Nearest school

0.40 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £150,000

March 10, 2025

Floor Plans

Description

  • SECOND FLOOR APARTMENT WITH RIVER VIEWS +
  • OPEN PLAN LIGHT AND SPACIOUS LIVING AREA +
  • TWO DOUBLE BEDROOMS, BEDROOM ONE WITH FITTED WARDROBES +
  • ADJACENT TO THE REJUVENATED MARINA +
  • SECURE ALLOCATED PARKING SPACE +
  • NO ONWARD CHAIN +

SUMMARY
A contemporary apartment flooded with natural light located adjacent to the Waterfront Marina. The home boasts two double bedrooms, a spacious living area, a secure parking space, river views and is being sold with no onward chain.

DESCRIPTION
Located adjacent to the marina, an internal viewing is highly recommended on this well presented two double bedroom second floor apartment. The property comprises of a natural light filled open plan living area which is a great space for entertaining, kitchen, two double bedrooms, bedroom one with fitted wardrobes, bathroom and the outside of the property has a secure allocated parking space. The apartment also has the added bonus of being offered with no onward chain.

Ipswich Waterfront is one of the most recognisable areas of the town, popular for the many bars, cafes and bistros perched along the waters edge, and with views over the marinas. Festivals and events are held along Waterfront throughout the year. The Waterfront is also home to DanceEast, the University of Suffolk’s Ipswich Campus, the Suffolk Archives’ new, cutting-edge visitor centre The Hold and two river trip operators.
The property is also within walking distance to the mainline station, which has direct trains to London (around one hour) and the Midlands. Ipswich, being located on the A12 and A14, means its within easy reach of London and the rest of the country, and of course the stunning Suffolk countryside and coastline.

Communal Entrance Hall 
Accessed via security entrance door and stairs rising to the second floor:

Entrance Hall 
Accessed via entrance door, walk in storage/airing cupboard, electric panel, radiator, smooth ceiling with inset spotlighting, newly laid carpet and doors giving access to:

Open Plan Living Area  21' x 12' 3" ( 6.40m x 3.73m )

Lounge Area 
Upvc double glazed apex window to front, newly laid carpet, smooth coved ceiling and electric panel radiator.

Kitchen  
Upvc double glazed window to side, built-in oven, built-in hob with stainless steel splashback and stainless steel extractor hood over space for fridge freezer, circle bowl and drainer sink inset with mixer tap inset in a worktop with cupboards and drawers under and matching above, tiled splashbacks and electric panel radiator.

Bedroom One  15' x 10' 7" ( 4.57m x 3.23m )
Upvc double glazed patio door giving access to a Juliet balcony, newly laid carpet, electric panel radiator, built-in double wardrobe, television point and smooth ceiling.

Bedroom Two  11' 9" x 10' 7" ( 3.58m x 3.23m )
Upvc double glazed window to front, radiator, newly laid carpet and smooth ceiling.

Bathroom  
Shaped and panel bath with mixer tap and independent shower over, enclosed w/c, wash hand basin with mixer tap, heated towel rail, tile effect vinyl flooring, smooth ceiling with inset spotlighting and extractor fan.

Outside  
The property benefits from a secure allocated parking space.

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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Ipswich

01473 943139

Next Steps?

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