Gippeswyk Road, Ipswich
KE

Gippeswyk Road, Ipswich

By Keystone

£ 450,000

Reviews

2 out of 5 stars

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 %
from 208,555.00 £
Est sale value
663,247.20 £
Increased by 3.94 %
from 638,124.20 £
Average area rental value
1,093.00 £/mo
Increased by 18.16 %
from 925.00 £/mo
Est letting value
2,512.30 £/mo
Unchanged by 0.00 %
from 2,512.30 £/mo
Est rental Yield
7.11 %
Increased by 33.65 %
from 5.32 %
Crime Rate
11.00 %
Unchanged by 0.00 %
from 11.00 %

Agent Activity

  • Keystone created the listing.

Nearby Schools

NameTypeOfstedDistance
Halifax Primary SchoolAcademy ConverterGood0.84 KM
Hillside Children'S CentreChildren's Centre0.92 KM
Hillside Primary SchoolAcademy Sponsor LedRequires improvement0.93 KM
Stoke High School - Ormiston AcademyAcademy Sponsor LedRequires improvement1.06 KM
St Matthew'S Church Of England Primary School, IpswichAcademy Converter1.09 KM

Images

DJI_20241114123709_0522_D.JPG DSC_4848.JPG DSC_4849.JPG DJI_20241114123415_0520_D.JPG DSC_4846.JPG DSC_4843.JPG DSC_4844.JPG DSC_4852.JPG DSC_4855.JPG

Nearby Streets

NameAverage PriceAverage SqftDistance
Sir Bobby Robson Bridge £ 000.00 KM
Dave Farrow Way £ 000.00 KM
Portmans Walk £ 000.00 KM
Hexham Close £ 000.00 KM
Quadling Street £ 222,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Ipswich7217IPS0.23 KM
Westerfield7226WFI4.32 KM
Derby Road (Ipswich)7212DBR4.45 KM

Nearby Listings

AddressPriceTypeScoreDistance
Gippeswyk Road, Ipswich £ 450,000BUY5 / 100.00 KM
Gippeswyk Road, Ipswich £ 225,000BUY6 / 100.03 KM
Gippeswyk Road, Ipswich £ 375,000BUY6 / 100.03 KM
Ancaster Road, Ipswich £ 350,000BUY7 / 100.10 KM
Pooleys Yard, Ipswich £ 125,000BUY7 / 100.19 KM

Nearby Properties

AddressPriceDistance
23 Gippeswyk Road £ 70,0000.03 KM
18 Gippeswyk Road £ 245,0000.03 KM
15 Gippeswyk Road £ 150,0000.03 KM
19a Gippeswyk Road £ 145,0000.03 KM
17 Gippeswyk Road £ 55,5000.03 KM