2 Bed Flat, Single Let, Ipswich, IP2 0AR, £130,000

Centrums Court, IP2 0AR - 4 views - 2 years ago

Leasehold
BTL
ROI: 9%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£64K - £322.5K
Sold Prices/m²£1.7K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£148,067
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£695 - £2,000

Rent Estimate

£900

Running Costs/mo

£606

Cashflow/mo

£294

Cashflow/yr

£3,525

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £64K to £322.5K, average is £133.8K. £1.7K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£137K12/210.13 mi70, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£127K09/210.14 mi4, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£135K02/230.14 mi58, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£140K03/230.14 mi68, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£130K11/220.17 mi62, Compair Crescent, Ipswich, Suffolk IP2 0EH2
£121K05/210.18 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£190.5K09/210.19 miFlat 3, Burlingham House, Ancaster Road, Ipswich, Suffolk IP2 9AJ2
£137.5K10/220.19 mi42, Holman Court, Ipswich, Suffolk IP2 0ES2
£137.5K12/220.19 mi54, Holman Court, Ipswich, Suffolk IP2 0ES2
£121K05/210.2 mi50, Holman Court, Ipswich, Suffolk IP2 0ES2
£130K05/210.2 mi46, Holman Court, Ipswich, Suffolk IP2 0ES2
£132.5K02/210.2 mi6, Holman Court, Ipswich, Suffolk IP2 0ES2
£120K02/230.2 mi34, Holman Court, Ipswich, Suffolk IP2 0ES2
£139K11/220.22 mi53, Reavell Place, Ipswich, Suffolk IP2 0ET2
£123.5K10/200.22 mi117, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£110K04/210.22 mi101, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£150K10/220.22 mi95, Compair Crescent, Ipswich, Suffolk IP2 0EJ2
£120K01/230.39 miFlat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS2
£150K02/210.4 mi72, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£162.5K04/210.4 mi58, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£170K06/210.4 mi54, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£122.5K03/210.4 mi92, Wolsey Street, Ipswich, Suffolk IP1 1AF2
£142K05/230.42 mi49, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£137.5K04/230.44 mi31, Seymour Road, Ipswich, Suffolk IP2 8EN2
£123.5K04/210.48 mi32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£108K11/210.48 mi88, Vernon Street, Ipswich, Suffolk IP2 8JB2
£161K09/210.49 mi15, St Nicholas Court, Ipswich, Suffolk IP1 1TG2
£160K05/230.54 mi35, Sagehayes Close, Ipswich, Suffolk IP2 9SQ2
£135K11/210.56 mi6, Bruff Road, Ipswich, Suffolk IP2 8GY2
£110K12/200.58 mi88, Bruff Road, Ipswich, Suffolk IP2 8GX2
£128K12/220.58 mi102, Bruff Road, Ipswich, Suffolk IP2 8GX2
£110K10/210.63 mi25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£320K04/210.63 mi155, Stoke Quay, Ipswich, Suffolk IP2 8SN2
£153.5K12/220.65 mi43, Bruff Road, Ipswich, Suffolk IP2 8GS2
£218K11/200.67 mi18, Kirkham Close, Ipswich, Suffolk IP2 9BD2
£110K12/200.73 mi184, Yeoman Close, Ipswich, Suffolk IP1 2QB2
£105K11/210.74 mi47, Bramford Road, Ipswich, Suffolk IP1 2LU2
£120K11/200.77 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£120K11/200.77 mi134, Yeoman Close, Ipswich, Suffolk IP1 2QE2
£115K09/210.8 mi42, Wellington Street, Ipswich, Suffolk IP1 2NZ2
£322.5K06/230.82 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£315K07/230.82 mi39, Neptune Square, Ipswich, Suffolk IP4 1QH2
£290K02/210.82 mi51, Neptune Square, Ipswich, Suffolk IP4 1QH2
£167K01/210.82 mi10, Neptune Square, Ipswich, Suffolk IP4 1QH2
£255K06/210.82 mi48, Neptune Square, Ipswich, Suffolk IP4 1QH2
£115K04/210.83 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£115K04/210.83 mi40d, Pickwick Road, Ipswich, Suffolk IP2 0JP2
£167.5K11/220.83 miFlat F, 26, Fonnereau Road, Ipswich, Suffolk IP1 3JP2
£64K03/230.84 miFlat 510, The Spectrum, Dunlop Road, Ipswich, Suffolk IP2 0UJ2
£115K08/210.88 mi18, Silk Street, Ipswich, Suffolk IP4 2PA2

Local Rents

51 rents from £695/mo to £2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£97501/250.01 mi-2
£92504/240.01 miPooleys Yard, Ipswich, Suffolk, IP22
£1,00007/240.03 miPooleys Yard, Centrums Court, IP22
£90005/240.1 miGippeswyk Road, Ipswich2
£90005/240.12 miGippeswyk Avenue, Ipswich2
£92503/240.15 mi-2
£92511/240.15 mi-2
£1,10001/240.17 miWentworth House, Burrell Road2
£1,25001/240.17 miWentworth House, Ipswich2
£90005/240.17 miGippeswyk Road, Ipswich2
£1,10008/240.18 miRanelagh Road, Ipswich2
£80005/240.19 miBurrell Road, Ipswich, IP22
£88507/240.19 miHolman Court, Ipswich2
£88508/240.19 miHolman Court, Ipswich2
£95007/240.19 miReavall Place, Ipswich2
£95007/240.19 miReavall Place, Ipswich2
£95007/240.2 miReavell Place, Ipswich2
£1,00005/240.21 miReavell Place, Ipswich2
£95007/240.21 miReavell Place, Ipswich, Suffolk2
£95008/240.21 miReavell Place, Ipswich, Suffolk2
£1,00008/240.21 miReavell Place, IPSWICH2
£1,15004/240.22 miPortman Road, Ipswich, Suffolk, IP12
£86504/240.22 miCompair Crescent, Ipswich2
£90007/240.22 miCompair Crescent, Ipswich, IP22
£98512/240.22 mi-2
£98512/240.22 mi-2
£89505/240.23 miGaskell Place, Ipswich2
£87508/240.23 miGaskell Place, IPSWICH2
£1,15004/250.25 mi-2
£90007/240.26 miBroomwade Close, Ipswich2
£1,10008/240.33 miPhilip Road, IPSWICH2
£2,00003/250.38 mi-2
£82501/240.39 miBelstead Avenue, Ipswich, Suffolk, IP22
£1,10007/240.39 miMartin Road, Ipswich, IP22
£89505/240.41 miWolsey Street, Ipswich2
£87504/240.41 miWolsey Street, Ipaxis2
£98505/240.41 miWolsey Street, Ipswich2
£85002/250.42 mi-2
£87506/240.42 miCullingham Road, Ipswich, IP12
£1,84004/240.44 mi-2
£1,84006/240.44 mi-2
£1,84012/240.44 mi-2
£1,50004/250.44 mi-2
£1,85004/240.44 mi-2
£1,40005/240.44 mi-2
£1,55009/240.44 mi-2
£1,40011/240.44 mi-2
£1,40003/250.44 mi-2
£1,55001/250.44 mi-2
£92505/240.44 miStoke Street, IP2, Ipswich2
£69504/240.46 miPrinces Street, Ipswich, IP12

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

1.12 miles away

Nearest school

0.50 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £130,000

March 28, 2023

Floor Plans

Description

  • No Onward Chain +
  • 2 Bedroom Apartment +
  • Located on 3rd Floor +
  • Balcony overlooking river +
  • Close to Railway Station +
  • Electric Heating +
  • Secure Underground Allocated Parking Space +

No Onward Chain - 2 Bedroom 3rd floor apartment situated close to the Railway station and with views back across town and over the river. Secure underground allocated parking space. The flat benefits from a Balcony off the living area. Electric heating. Layout of Entrance hallway, 2 Bedrooms, Bathroom, Open Pan Kitchen/Living area.  There is a tenant in situ on and AST currently £900 PCM

Agent Details

Beagle Property, Ipswich

01473 943766

Next Steps?

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