2 Bed Flat, Single Let, Ipswich, IP4 1BS, £135,000

Unicorn House, Foundation Street, Ipswich, IP4 1BS - a month ago

Leasehold
BTL
ROI: 3%
~60 m²
+10 photos

ValuationUndervalued

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

 

 

Square Metres

~60.48 m²
Price/m²£2.2K/m²

Value Estimate

£138,016
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£8,150

Total Cash In

£41,900

 

 

Cash Out

 

Rent Range

£492 - £4,000

Rent Estimate

£696

Running Costs/mo

£581

Cashflow/mo

£115

Cashflow/yr

£1,379

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £107.5K to £322.5K, average is £135.5K. £1.5K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£115K08/210.19 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£134K10/220.21 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
£161K09/210.3 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£320K04/210.33 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£150K02/210.34 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.34 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.34 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.34 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£108K11/210.38 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£151.5K12/200.38 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£133K09/220.39 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.41 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.41 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.41 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.41 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.41 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£125.5K05/210.42 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.43 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.43 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£135K04/230.43 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.43 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£140K11/210.43 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£130K02/230.43 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.43 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.43 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£138.5K10/220.44 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£135K03/230.44 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£130K10/220.45 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£125K06/210.46 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£137.5K04/230.46 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£114K01/230.46 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£147K10/220.51 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.51 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£167.5K11/220.53 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£142K02/230.57 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£146.5K01/230.58 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.58 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£130K04/210.61 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.61 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.61 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.61 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.61 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£135K11/210.64 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£145K07/210.67 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£107.5K06/210.67 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2

Local Rents

52 rents from £492/mo to £4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£97505/240 miFoundation Street, Ipswich2
£89504/240.02 miFoundation Street, Ipswich, IP42
£89504/240.02 miFoundation Street, Ipswich, IP42
£1,05008/240.02 miFoundation Street, IPSWICH2
£52706/240.02 mi-2
£53210/240.03 mi-2
£95001/240.04 miLower Orwell Street, Ipswich, IP42
£49204/240.05 mi-2
£87508/240.12 miStar Lane, Ipswich, Suffolk, UK, IP42
£75005/240.12 miStar Lane, Ipswich, Suffolk, IP42
£92506/240.12 miStar Lane, Ipswich, Suffolk, IP42
£82507/240.12 miTown Centre Apartment, Ipswich2
£80008/240.12 miTown Centre Apartment, Ipswic2
£82508/240.12 miTacket Street, Ipswich2
£95007/240.13 miBond Street, IPSWICH2
£2,69506/240.13 miLower Brook Street, Ipswich2
£95004/240.15 miUpper Brook Street, IPSWICH2
£80005/240.15 miGrimwade Street, Ipswich2
£1,00004/240.16 miThe Winerack, Key Street, Ipswich2
£1,20007/240.16 miThe Winerack, Key Street, Ipswich2
£1,00007/240.16 miThe Winerack, Key Street, Ipswich2
£1,15007/240.16 miThe Winerack, Key Street, Ipswich2
£1,09508/240.16 miThe Cambria, Key Street, Ipswich2
£1,05008/240.16 miThe Winerack, Key Street, Ipswich2
£4,00011/240.16 mi-2
£4,00011/240.16 mi-2
£1,12501/240.16 mi44 The Cambria, Regatta Quay, Key Street, Ipswich, Suffolk, IP42
£1,25007/240.16 miThe Cambria, Quay Street, Ipswich, IP42
£1,25007/240.16 miThe Cambria, Quay Street, Ipswich, IP42
£3,60005/240.16 mi-2
£3,60010/240.16 mi-2
£1,20004/240.17 mi-2
£1,27501/250.17 mi-2
£80001/240.17 miFore Street, Ipswich, Suffolk, IP42
£82507/240.19 miFlat 705, Carr Street, Ipswich2
£87504/240.19 miSt Helens Street, Ipswich2
£1,45006/240.19 miWinerack Apartments, Key Street, Ipswich2
£1,00001/240.19 miKey Street, Ipswich2
£1,10005/240.19 miThe Winerack, Ipswich2
£1,15009/240.19 miThe Winerack, Key Street, Ipswich2
£1,25008/240.19 miThe Shamrock, Ipswich2
£1,10006/240.19 miKey Street, IPSWICH2
£1,30009/240.19 miKey Street, IPSWICH2
£1,60004/240.2 miKey Street, The Winerack Key Street, IP42
£77508/240.2 miSt. Helens Street, Ipswich2
£75008/240.2 miSt. Helens Street, Ipswich2
£99504/240.2 mi-2
£85005/240.2 miHeart of Town Centre2
£1,10004/240.21 mi-2
£85007/240.21 miThe Mill, College Street, Ipswich, Suffolk, IP42
£1,60004/240.21 miThe Winerack, Penthouse Apartment2
£1,00004/240.21 miRope Walk, Ipswich2

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.40 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £135,000

March 17, 2025

Floor Plans

Description

  • Buy To Let Investment +
  • Period Conversion +
  • Double Glazed Sash Windows +
  • Town Centre Location +
  • Great First Time Home +
  • Solid Wood Flooring +
  • High Quality Finish +
  • Two Bedrooms +
  • Basement Storage Cage +

RIVERDALE ESTATES are delighted to offer for sale this beautifully finished two bedroom apartment in a quiet town centre location, ideally situated between Ipswich town centre and the popular waterfront.

First floor apartment with lift and stairs access.

Accommodation comprises:

Entrance hallway with storage cupboard housing hot water cylinder
Large open plan living/dining room with West facing double glazed sash windows and wooden flooring
Fully fitted kitchen tucked in to alcove with granite worktop and integrated appliances including dishwasher, washer dryer, oven, hob and fridge freezer
Main double bedroom
Second double bedroom
Contemporary style bathroom with both a bath and separate shower cubicle

Solid wood flooring to all living areas and hallway, carpets to bedrooms and bathroom fully tiled throughout

The property also has access to a large storage cage which is located in the communal basement of the building.

Great first home or investment opportunity - anticipated annual rental income of £10,800

Please note there is no allocated parking with this property, however the NCP car parks, of which there are three within 500m do offer parking on a monthly payment scheme.

Annual service charge: £1,717
Annual ground rent: £150
103 years remaining on lease

Kitchen - 9'11" (3.02m) x 7'5" (2.26m)

Sitting/Dining room - 15'3" (4.65m) x 12'8" (3.86m)

Bedroom One - 12'1" (3.68m) x 11'8" (3.56m)

Bedroom Two - 8'8" (2.64m) x 7'4" (2.24m)

Bathroom - 9'11" (3.02m) Max x 5'8" (1.73m) Max

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Riverdale Estates Ltd, Ipswich

01473 217600

Next Steps?

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