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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, Flat 5, 545, Wherstead Road, Ipswich is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 5, 545, Wherstead Road, Ipswich is £142,012 and the estimated rental value is £728 per month.
The apartment is within 545, Wherstead Road, Ipswich, IP2.
Wherstead Road, Ipswich, IP2 is located in the borough of Ipswich within the IP2 postal district.
Flat 5, 545, Wherstead Road, Ipswich has a single entry in the Land Registry from April 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 5, 545, Wherstead Road, Ipswich is in very good condition we estimate a sale value of £149,112 and a rental value of £765 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £132,071 and a rental value of £677 per month.
Over the last 12 months the sale value of Flat 5 545 Wherstead Road Ipswich has decreased by an estimated £5,227 (3.7%) and its rental value has increased by an estimated £25 per month (3.5%), giving an expected gross yield of 6.2%.
According to HM Land Registry, Flat 5, 545, Wherstead Road, Ipswich was last sold on 30th April 2008 for £129,350 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since April 2008, the market for similar properties has risen 5.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 545, Wherstead Road, Ipswich within a radius of 990 metres over the last 2 years.
The most recent example is 17, Montgomery Road, Ipswich, IP2 8QB, a leasehold flat which sold for £148,000 on the 28th November 2023.
Read more about house prices in IP2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wherstead Road, Ipswich, IP2 has a total of 460 addresses. According to our analysis of all the public data, Flat 5, 545, Wherstead Road, Ipswich is the 299th largest and the 308th most expensive property on the street.
When compared to the postcode district it is £67k less expensive than the average property in IP2.
The closest station to Flat 5, 545, Wherstead Road, Ipswich is Ipswich station which is 1.7 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 5, 545, Wherstead Road, Ipswich, 35.3% of property is privately owned outright and 32.4% is privately owned with a mortgage.
The graph below shows how this compares to East of England and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 5, 545, Wherstead Road, Ipswich, 12.9% of residents are recorded as possessing school level qualifications and 21.1% as possessing degree level qualifications.
The graph below shows how this compares to East of England and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 5, 545, Wherstead Road, Ipswich, the average age was 36.8 and the most common age was 27.
The graph below shows how this compares to East of England and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 5, 545, Wherstead Road, Ipswich, 0.0% of property was a second home.
Comparison figures for East of England and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 5, 545, Wherstead Road, Ipswich, there are an average of 1.4 cars per household.
See below for how this compares to East of England and the rest of England & Wales.
