Keystone says ..
KEYSTONE are pleased to offer for sale this RARE opportunity to acquire a block of 6 residential flats and the freehold. Currently 5 of the 6 flats are being rented out with a monthly income of £2550pcm. All flats are self contained units with 3 x one bedrooms and 3 x studio flats all flats ...
Property Oracle says ..
This property is a block of six flats located on Gippeswyk Road in Ipswich. The listing highlights the potential rental income, making it an attractive proposition for investors. The exterior of the main building appears to be in reasonable condition, although some neighboring properties show signs of disrepair. Interior photographs reveal a mixture of conditions within the individual flats. Some flats have reasonably well-maintained living areas, while others require modernisation or updating, particularly in the kitchens and bathrooms. The property includes a small rear garden. The location is convenient, with proximity to Ipswich Train Station and several schools, though the quality of nearby schooling is somewhat mixed. While the £450,000 asking price seems reasonable for a property of this type and the potential rental income, a thorough survey would be essential for any prospective buyer to assess the property’s condition and the long-term viability of the investment. The lack of specific square footage data for each individual flat makes a precise price per square foot analysis challenging. A detailed inspection is vital to confirm that the rental income stated is accurate, sustainable, and takes into account future potential maintenance costs.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 2
- Bedrooms
- 6
- Bathrooms
- 0
- Sqft (est)
- 2,512.30
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 184,375.00 £Decreased by 11.59 %
- Est sale value
- 663,247.20 £Increased by 3.94 %
- Average area rental value
- 1,093.00 £/moIncreased by 18.16 %
- Est letting value
- 2,512.30 £/moUnchanged by 0.00 %
- Est rental Yield
- 7.11 %Increased by 33.65 %
- Crime Rate
- 11.00 %Unchanged by 0.00 %
Agent Activity
Keystone created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Halifax Primary School | Academy Converter | Good | 0.84 KM |
| Hillside Children'S Centre | Children's Centre | 0.92 KM | |
| Hillside Primary School | Academy Sponsor Led | Requires improvement | 0.93 KM |
| Stoke High School - Ormiston Academy | Academy Sponsor Led | Requires improvement | 1.06 KM |
| St Matthew'S Church Of England Primary School, Ipswich | Academy Converter | 1.09 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Sir Bobby Robson Bridge | £ 0 | 0 | 0.00 KM |
| Dave Farrow Way | £ 0 | 0 | 0.00 KM |
| Portmans Walk | £ 0 | 0 | 0.00 KM |
| Hexham Close | £ 0 | 0 | 0.00 KM |
| Quadling Street | £ 222,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Ipswich | 7217 | IPS | 0.23 KM |
| Westerfield | 7226 | WFI | 4.32 KM |
| Derby Road (Ipswich) | 7212 | DBR | 4.45 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Gippeswyk Road, Ipswich | £ 450,000 | BUY | 5 / 10 | 0.00 KM |
| Gippeswyk Road, Ipswich | £ 225,000 | BUY | 6 / 10 | 0.03 KM |
| Gippeswyk Road, Ipswich | £ 375,000 | BUY | 6 / 10 | 0.03 KM |
| Ancaster Road, Ipswich | £ 350,000 | BUY | 7 / 10 | 0.10 KM |
| Pooleys Yard, Ipswich | £ 125,000 | BUY | 7 / 10 | 0.19 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 23 Gippeswyk Road | £ 70,000 | 0.03 KM |
| 18 Gippeswyk Road | £ 245,000 | 0.03 KM |
| 15 Gippeswyk Road | £ 150,000 | 0.03 KM |
| 19a Gippeswyk Road | £ 145,000 | 0.03 KM |
| 17 Gippeswyk Road | £ 55,500 | 0.03 KM |