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

Maude Street, Orwell Quay, IP3 0AU - 2 views - 5 years ago

Leasehold

BTL

ROI: 5%

~68 m²

+5 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	£152,859£152,859

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£5,700£5,700
Total Cash In	£43,200£43,200

Cash Out
Rent Range	£800 - £4,000£800 - £4,000
Rent Estimate	£850
Running Costs/mo	£659£659
Cashflow/mo	£191£191
Cashflow/yr	£2,295£2,295
ROI	5%5%
Gross Yield	7%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£140K	11/21	0.1 mi	239, Duke Street, Ipswich, Suffolk IP3 0BX	-	-	2	Flat
£130K	10/22	0.12 mi	36, Hope Court, Ipswich, Suffolk IP3 0DX	£1,605	81	2	Flat
£138.5K	10/22	0.12 mi	19, Hope Court, Ipswich, Suffolk IP3 0DW	£1,979	70	2	Flat
£147K	10/22	0.13 mi	106, Siloam Place, Ipswich, Suffolk IP3 0FF	£2,492	59	2	Flat
£136K	04/23	0.13 mi	92, Siloam Place, Ipswich, Suffolk IP3 0FF	£1,936	70	2	Flat
£140K	12/22	0.13 mi	32, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,373	59	2	Flat
£119K	10/20	0.13 mi	22, Siloam Place, Ipswich, Suffolk IP3 0FB	£2,644	45	2	Flat
£125.5K	05/21	0.14 mi	42, Siloam Place, Ipswich, Suffolk IP3 0FB	£1,476	85	2	Flat
£151.5K	12/20	0.14 mi	53, Pownall Road, Ipswich, Suffolk IP3 0DN	£2,658	57	2	Flat
£114K	01/23	0.15 mi	59, Siloam Place, Ipswich, Suffolk IP3 0FD	£1,781	64	2	Flat
£125K	06/21	0.16 mi	6, Isham Place, Ipswich, Suffolk IP3 0DZ	£2,128	59	2	Flat
£130K	02/23	0.16 mi	21, Isham Place, Ipswich, Suffolk IP3 0DY	£2,319	56	2	Flat
£110K	06/21	0.16 mi	1, Isham Place, Ipswich, Suffolk IP3 0DY	£1,833	60	2	Flat
£134K	02/23	0.16 mi	5, Isham Place, Ipswich, Suffolk IP3 0DY	£2,627	51	2	Flat
£120K	04/21	0.18 mi	56, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,034	59	2	Flat
£128K	07/21	0.18 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£130K	11/20	0.18 mi	48, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,321	56	2	Flat
£128K	07/21	0.18 mi	64, Pownall Road, Ipswich, Suffolk IP3 0DR	£1,882	68	2	Flat
£135K	05/23	0.18 mi	46, Pownall Road, Ipswich, Suffolk IP3 0DR	£2,252	60	2	Flat
£135K	04/23	0.18 mi	58, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,824	74	2	Flat
£118K	06/21	0.18 mi	32, Fore Hamlet, Ipswich, Suffolk IP3 8BD	£1,686	70	2	Flat
£133K	09/22	0.19 mi	93, Pownall Road, Ipswich, Suffolk IP3 0DA	£1,900	70	2	Flat
£322.5K	06/23	0.27 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,300	75	2	Flat
£315K	07/23	0.27 mi	39, Neptune Square, Ipswich, Suffolk IP4 1QH	£4,297	73	2	Flat
£290K	02/21	0.27 mi	51, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,867	75	2	Flat
£167K	01/21	0.27 mi	10, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,199	52	2	Flat
£255K	06/21	0.27 mi	48, Neptune Square, Ipswich, Suffolk IP4 1QH	£3,400	75	2	Flat
£320K	04/21	0.32 mi	155, Stoke Quay, Ipswich, Suffolk IP2 8SN	£2,991	107	2	Flat
£108K	11/21	0.47 mi	88, Vernon Street, Ipswich, Suffolk IP2 8JB	£1,742	62	2	Flat
£137.5K	04/23	0.52 mi	31, Seymour Road, Ipswich, Suffolk IP2 8EN	£2,500	55	2	Flat
£135K	11/21	0.53 mi	6, Bruff Road, Ipswich, Suffolk IP2 8GY	£2,318	58	2	Flat
£142K	02/23	0.54 mi	50, Finbars Walk, Ipswich, Suffolk IP4 1HY	£2,679	53	2	Flat
£110K	10/21	0.55 mi	25, Sinclair Drive, Ipswich, Suffolk IP2 8HZ	-	-	2	Flat
£115K	08/21	0.6 mi	18, Silk Street, Ipswich, Suffolk IP4 2PA	£1,716	67	2	Flat
£134K	10/22	0.61 mi	16, Silk Street, Ipswich, Suffolk IP4 2PA	£1,887	71	2	Flat
£110K	12/20	0.62 mi	88, Bruff Road, Ipswich, Suffolk IP2 8GX	£1,964	56	2	Flat
£128K	12/22	0.62 mi	102, Bruff Road, Ipswich, Suffolk IP2 8GX	£2,281	56	2	Flat
£153.5K	12/22	0.64 mi	43, Bruff Road, Ipswich, Suffolk IP2 8GS	£2,952	52	2	Flat
£180K	05/21	0.66 mi	12, Fuchsia Lane, Ipswich, Suffolk IP4 1QB	-	-	2	Flat
£155K	07/23	0.68 mi	183d, Foxhall Road, Ipswich, Suffolk IP3 8LB	£3,217	48	2	Flat
£150K	02/21	0.71 mi	72, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,174	69	2	Flat
£162.5K	04/21	0.71 mi	58, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,500	65	2	Flat
£170K	06/21	0.71 mi	54, Wolsey Street, Ipswich, Suffolk IP1 1AF	£2,017	84	2	Flat
£122.5K	03/21	0.71 mi	92, Wolsey Street, Ipswich, Suffolk IP1 1AF	£1,801	68	2	Flat
£161K	09/21	0.72 mi	15, St Nicholas Court, Ipswich, Suffolk IP1 1TG	£1,789	90	2	Flat
£120K	01/23	0.75 mi	Flat B, Chilton Court, Belstead Avenue, Ipswich, Suffolk IP2 8NS	£2,256	53	2	Flat
£123.5K	04/21	0.77 mi	32, Maidenhall Approach, Ipswich, Suffolk IP2 8NX	-	-	2	Flat
£135K	03/23	0.78 mi	125, Cemetery Road, Ipswich, Suffolk IP4 2HZ	-	-	2	Flat
£120K	07/21	0.82 mi	42, Postmill Close, Ipswich, Suffolk IP4 2RF	£2,105	57	2	Flat
£107.5K	06/21	0.82 mi	30, Postmill Close, Ipswich, Suffolk IP4 2RF	£1,920	56	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,250	12/24	0.03 mi	-	2	Flat
£1,200	12/24	0.04 mi	-	2	Flat
£1,200	12/24	0.04 mi	-	2	Flat
£950	01/24	0.04 mi	Anchor Street, Ipswich	2	Flat
£1,100	05/24	0.05 mi	Anchor Street, Ipswich	2	Flat
£1,100	12/24	0.06 mi	-	2	Flat
£1,150	01/24	0.06 mi	Anchor Street, Ipswich, Suffolk, IP3	2	Flat
£995	04/24	0.06 mi	1 Anchor Street, Orwell Quay, Ipswich, IP3	2	Flat
£850	12/24	0.06 mi	-	2	Flat
£1,100	05/24	0.08 mi	Patteson Road, Ipswich	2	Flat
£1,100	05/24	0.08 mi	Patteson Road, IPSWICH	2	Flat
£875	01/24	0.1 mi	Tye Road, Ipswich, Suffolk, IP3	2	Flat
£875	06/24	0.12 mi	Hope Court, Modus	2	Flat
£950	04/24	0.12 mi	Siloam Place, Modus Development, Ipswich, Suffolk, IP3	2	Flat
£850	05/24	0.16 mi	Isham Place, Ipswich, Suffolk, IP3	2	Flat
£885	05/24	0.16 mi	Isham Place, Ipswich	2	Flat
£895	12/24	0.16 mi	-	2	Flat
£950	12/24	0.18 mi	-	2	Flat
£850	01/24	0.18 mi	Pownall Road, Ipswich, Suffolk, IP3	2	Flat
£995	04/24	0.19 mi	Neptune Marina, Ipswich, IP3	2	Flat
£1,100	04/24	0.19 mi	Neptune Marina, 1 Coprolite Street, Ipswich, Suffolk, IP3	2	Flat
£1,050	05/24	0.19 mi	Coprolite Street, Ipswich	2	Flat
£1,200	10/24	0.2 mi	-	2	Flat
£1,200	10/24	0.2 mi	-	2	Flat
£975	05/24	0.2 mi	Coprolite Street, Ipswich	2	Flat
£800	12/24	0.21 mi	Fore Hamlet, Ipswich	2	Flat
£825	01/24	0.24 mi	Fore Hamlet, Ipswich	2	Flat
£875	05/24	0.27 mi	Mitre Way, Ipswich	2	Terraced House
£1,150	01/24	0.27 mi	Neptune Square, Ipswich, IP4	2	Flat
£1,200	07/24	0.27 mi	Neptune Square, Ipswich, IP4	2	Flat
£950	08/24	0.27 mi	Neptune Square, Ipswich, IP4	2	Flat
£1,200	01/24	0.28 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£1,325	04/24	0.28 mi	Neptune Square, Ipswich	2	Flat
£1,200	07/24	0.28 mi	Neptune Square, Ipswich, IP4	2	Flat
£1,250	08/24	0.28 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£1,250	08/24	0.28 mi	Neptune Square, Ipswich, Suffolk, IP4	2	Flat
£900	03/25	0.28 mi	-	2	Terraced House
£1,000	07/24	0.32 mi	Stoke Quay, IP2	2	Flat
£950	08/24	0.32 mi	Stoke Quay, Ipswich, IP2	2	Flat
£800	01/24	0.32 mi	Fore Street, Ipswich, Suffolk, IP4	2	Flat
£985	08/24	0.34 mi	Stoke Quay, Ipswich	2	Flat
£985	09/24	0.34 mi	Stoke Quay, Ipswich	2	Flat
£4,000	11/24	0.38 mi	-	2	Flat
£4,000	11/24	0.38 mi	-	2	Flat
£1,000	04/24	0.38 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,200	07/24	0.38 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,000	07/24	0.38 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,150	07/24	0.38 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,095	08/24	0.38 mi	The Cambria, Key Street, Ipswich	2	Flat
£1,050	08/24	0.38 mi	The Winerack, Key Street, Ipswich	2	Flat
£1,125	01/24	0.38 mi	44 The Cambria, Regatta Quay, Key Street, Ipswich, Suffolk, IP4	2	Flat
£1,250	07/24	0.38 mi	The Cambria, Quay Street, Ipswich, IP4	2	Flat
£1,250	07/24	0.38 mi	The Cambria, Quay Street, Ipswich, IP4	2	Flat

Local Area Statistics

Population in IP3	34,30834,308
Population in Ipswich	219,393219,393
Town centre distance	0.56 miles away0.56 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.78 miles away0.78 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+1%+1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £150,000

July 22, 2020

Description

CHAIN FREE +
SECURE GATED PARKING +
2 DOUBLE BEDROOMS +
BATHROOM WITH SHOWER +
PRIVATE COURTYARD +
ELECTRIC HEATING +
GROUND FLOOR +
GREAT LOCATION +
OPEN PLAN/LIVING/DINING/KITCHEN +
CLOSE TO THE WATER FRONT +

COMMUNAL ENTRANCE LOBBY Key code entry stairs off and front door to the apartment

SPACIOUS ENTRANCE HALL Large storage cupboard(see photographs) doors to:

LOUNGE/DINGING/KITCHEN/ 21' 8" x 12' 4" (6.61m x 3.77m) A spacious room with an unusual arrow head shaped bay window. Well appointed kitchen area with range of built in wall and base units incorporating an oven, hob and extractor. Space for washing machine and fridge freezer.

BEDROOM 1 14' 11" x 12' 4" (4.57m x 3.77m) A light airy room with a built in double wardrobe, double patio doors leading the private courtyard.

BEDROOM 2 11' 6" x 10' 7" (3.53m x 3.25m) Double size bedroom, power points and heater.

BATHROOM Good size family bathroom, with low flushing suite, wash hand basin, panelled bath with plumbed in shower over and glass shower screen. Useful wall cabinet and contrasting wall tiling.

OUTSIDE As previously mentioned there is an outside private courtyard accessed from the main bedroom.
Adjacent to the apartment there is a secure gated car park with one allocated space and secure key code entry.

OUTGOINGS SERVICE CHARGE: £1958.32 Per annum.

GROUND RENT: £150.00 Per Annum.

LEASE REMAINING: Approx 107 years.

IPSWICH BOUROUGH COUNCIL: Tax Band C.

Agent Details

Martin & Co, Ipswich

01473 943877

Next Steps?

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

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