2 Bed Flat, Single Let, Ipswich, IP4 2GA, £150,000

Meridian Rise, Ipswich, IP4 2GA - 17 days ago

Leasehold
BTL
ROI: 5%
~68 m²
+8 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

£151,518

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

£700 - £1,200

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 £135.5K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£145K07/210.01 mi12, Meridian Rise, Ipswich, Suffolk IP4 2GA2
£130K04/210.05 mi31, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£138K04/210.05 mi23, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K08/210.05 mi133, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£148.5K10/200.05 mi113, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£145K06/210.05 mi25, Meridian Rise, Ipswich, Suffolk IP4 2GF2
£146.5K01/230.1 mi7, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£134.5K07/210.1 mi1, Haslemere Drive, Ipswich, Suffolk IP4 2PP2
£125K04/230.21 mi24, Postmill Close, Ipswich, Suffolk IP4 2RF2
£120K07/210.21 mi42, Postmill Close, Ipswich, Suffolk IP4 2RF2
£107.5K06/210.21 mi30, Postmill Close, Ipswich, Suffolk IP4 2RF2
£135K03/230.23 mi125, Cemetery Road, Ipswich, Suffolk IP4 2HZ2
£134K10/220.46 mi16, Silk Street, Ipswich, Suffolk IP4 2PA2
£115K08/210.47 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2
£120K12/220.48 mi147, Oakstead Close, Ipswich, Suffolk IP4 4HW2
£142K02/230.48 mi50, Finbars Walk, Ipswich, Suffolk IP4 1HY2
£167.5K11/220.68 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£322.5K06/230.73 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.73 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.73 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.73 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.73 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£133K09/220.74 mi93, Pownall Road, Ipswich, Suffolk IP3 0DA2
£120K04/210.75 mi56, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.75 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£130K11/200.75 mi48, Pownall Road, Ipswich, Suffolk IP3 0DR2
£128K07/210.75 mi64, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K05/230.75 mi46, Pownall Road, Ipswich, Suffolk IP3 0DR2
£135K04/230.76 mi58, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£118K06/210.76 mi32, Fore Hamlet, Ipswich, Suffolk IP3 8BD2
£180K05/210.76 mi12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB2
£130K02/230.78 mi21, Isham Place, Ipswich, Suffolk IP3 0DY2
£110K06/210.78 mi1, Isham Place, Ipswich, Suffolk IP3 0DY2
£134K02/230.78 mi5, Isham Place, Ipswich, Suffolk IP3 0DY2
£125K06/210.79 mi6, Isham Place, Ipswich, Suffolk IP3 0DZ2
£151.5K12/200.79 mi53, Pownall Road, Ipswich, Suffolk IP3 0DN2
£125.5K05/210.79 mi42, Siloam Place, Ipswich, Suffolk IP3 0FB2
£140K12/220.8 mi32, Siloam Place, Ipswich, Suffolk IP3 0FB2
£119K10/200.8 mi22, Siloam Place, Ipswich, Suffolk IP3 0FB2
£114K01/230.8 mi59, Siloam Place, Ipswich, Suffolk IP3 0FD2
£155K07/230.8 mi183d, Foxhall Road, Ipswich, Suffolk IP3 8LB2
£138.5K10/220.81 mi19, Hope Court, Ipswich, Suffolk IP3 0DW2
£130K10/220.82 mi36, Hope Court, Ipswich, Suffolk IP3 0DX2
£140K11/210.82 mi239, Duke Street, Ipswich, Suffolk IP3 0BX2
£161K09/210.84 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£147K10/220.84 mi106, Siloam Place, Ipswich, Suffolk IP3 0FF2
£136K04/230.84 mi92, Siloam Place, Ipswich, Suffolk IP3 0FF2
£165K12/220.91 miFlat 21, Henley Court, Henley Road, Ipswich, Suffolk IP1 3SD2
£220K03/210.91 mi6, Starfield Close, Ipswich, Suffolk IP4 5JQ2
£150K02/210.93 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2

Local Rents

51 rents from £700/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95001/240.05 miMeridian Rise, Ipswich2
£1,05006/240.05 miMeridian Rise, IPSWICH2
£1,00008/240.1 miBramley Hill, Ipswich2
£95009/240.11 miBramley Hill, IPSWICH2
£95007/240.16 miMeridian Rise, Ipswich, Suffolk, IP42
£95008/240.16 miMeridian Rise, Ipswich, Suffolk, IP42
£1,10007/240.17 miWoodbridge Road, Ipswich, Suffolk, IP42
£1,00006/240.17 miSuffolk Road, Ipswich, Suffolk, IP42
£87504/240.18 mi-2
£99504/240.19 miWoodbridge Road, Ipswich, IP42
£95006/240.19 miParade Road, Ipswich, Suffolk, IP42
£90005/240.19 miFinchley Road2
£85007/240.2 miNorfolk Road, Ipswich, Suffolk, UK, IP42
£97507/240.2 miParade Road, Ipswich, Suffolk, IP42
£97507/240.2 miParade Road, Ipswich, IP42
£1,05007/240.21 miBelle Vue Road, Ipswich, Suffolk2
£92507/240.21 miFinchley Road, Ipswich2
£87505/240.23 miSuffolk Road, IP42
£85004/240.23 miCemetery Road, Ipswich, Suffolk, IP42
£85004/240.23 mi-2
£94501/240.24 miBelle Vue Road, Ipswich, Suffolk, IP42
£92504/240.25 mi-2
£92504/240.25 mi-2
£87504/240.25 miBrunswick Road, IP42
£97504/240.29 mi-2
£99510/240.31 mi-2
£92508/240.31 miNottidge Road, Ipswich, Suffolk, IP42
£1,10006/240.31 miNottidge Road, Ipswich2
£92504/240.33 miWoodbridge Road, Ipswich, Suffolk, IP42
£97508/240.33 miWoodbridge Road, Ipswich, Suffolk, IP42
£75004/240.34 miChristchurch Street, Ipswich2
£87503/250.34 mi-2
£95008/240.35 miSt Marys Road, IPSWICH2
£92508/240.35 miSt. Marys Road, Ipswich, Suffolk, UK, IP42
£97506/240.36 miCemetery Road, Ipswich, IP42
£1,20004/240.36 miWhitby Road, IPSWICH2
£70004/240.37 miWithipoll Street, Ipswich, IP42
£1,05007/240.37 miBurnham Close, Ipswich2
£97504/240.37 miChristchurch Street,Ipswich,IP42
£1,00005/240.37 miChristchurch Street, Ipswich2
£95007/240.39 mi-2
£95012/230.39 mi-2
£89504/240.39 miHervey Street, Ipswich2
£87504/240.42 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£87507/240.42 miCobbold Street, Ipswich, Suffolk, IP4 2DN2
£90007/240.42 miSt Helens Street, Ipswich2
£80004/240.43 miWoodbridge Road, Ipswich, Suffolk, IP42
£1,10009/240.43 mi-2
£85009/240.44 miOxford Road, IPSWICH2
£77508/240.47 miSt. Helens Street, Ipswich2
£75008/240.47 miSt. Helens Street, Ipswich2

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.36 miles away

Nearest school

0.10 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £150,000

March 18, 2025

Floor Plans

Description

  • OPEN PLAN LIVING AREA PERFECT FOR ENTERTAINING +
  • TWO GENEROUS SIZED BEDROOMS WITH EN-SUITE TO MASTER BEDROOM +
  • ALLOCATED SECURE PARKING SPACE +
  • POPULAR EAST SIDE OF IPSWICH LOCATION, WALK ABLE TO THE TOWN CENTRE +
  • NO ONWARD CHAIN +
  • MODERN KITCHEN WITH INTEGRATED APPLIANCES +

SUMMARY
A delightfully decorated apartment located within a walkable distance to the town centre. The Home boasts two generously sized bedrooms, en-suite and built in wardrobes to the master bedroom, a large light hallway, modern kitchen with integrated appliances and secure allocated parking.

DESCRIPTION
Located to the east of Ipswich on the Crest Nicholson development, you will find this well presented first-floor apartment offered with the added bonus of no onward chain. The communal entrance is accessed via a security entrance door, and there are stairs rising to the apartment. The large hallway gives access to the rooms as well as two storage cupboards, the large living accommodation is open plan and light and is a great space for entertaining. There are
two double bedrooms with an en-suite to the master bedroom and the outside of the property benefits from secure allocated parking. Ipswich has a cutting-edge theatre and arts scene, many schooling facilities, cosy Suffolk pubs, and a vibrant community of independent stores. Ipswich also has the benefit of being home to a mainline railway station that gives direct access into London Liverpool Street, Cambridge, Norwich and many more destinations. It also benefits from a rejuvenated waterfront Marina which boasts many restaurants, bars and cafes.

Communal Entrance 
Accessed via fire security entrance door, stairs rising to the first floor and a door giving access to allocated parking area.

Entrance Hall 
Accessed via entrance door, airing/storage cupboard with lighting, security entry phone, wood effect flooring, radiator, smooth ceiling and doors giving access to:

Open Plan Living Area 21' 1" x 14' 7" ( 6.43m x 4.45m )

Lounge Area 
Two upvc double glazed windows to front, two radiators, wood effect flooring and smooth ceiling.

Kitchen Area 
Upvc double glazed window to front, built-in fridge, built-in freezer, built-in oven , built-in Bosch hob with stainless steel splash back and extractor hood over, built-in Bosch washer / dryer, smooth ceiling with inset spotlighting, single drainage stainless steel sink with mixer tap inset in a roll edge work surface with cupboards and drawers under and matching above and cupboard housing
wall mounted boiler.

Bedroom One  15' 3" x 12' 5" narrowing to 9' 6" ( 4.65m x 3.78m narrowing to 2.90m )
Upvc double glazed window to rear, built-in double wardrobe, smooth ceiling, radiator and door giving access to:

En-Suite 
Upvc double glazed window to rear, fully tiled double shower cubicle with independent shower over, wood effect vinyl flooring, low-level w/c, pedestal wash hand basin with mixer tap, heated towel rail,
shaver point, smooth ceiling with inset spotlighting and extractor fan.

Bedroom Two  10' x 10' ( 3.05m x 3.05m )
Upvc double glazed window to front, radiator and smooth ceiling.

Bathroom  
Upvc double glazed window to side, enclosed w/c, shaped and panel bath with mixer tap and shower attachment with shower screen, tile effect vinyl flooring, wash hand basin with mixer tap, smooth ceiling with inset spotlighting and extractor fan, heated towel rail, shaver point and part tiled walls.

Outside  
The property benefits from a allocated parking space and communal bin store and bike store.

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?

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