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See how verdicts work2-bedroom flat · IP3 0FE
For saleReduced £4k (−3.3%) on 25 OctListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Home from Home are delighted to offer for sale this superb two bedroom second floor apartment on the popular Modus development, close to the Ipswich waterfront and university quarter.
The big bonus with this flat is that you have access to two off road parking spaces.
The apartment is currently tenanted so would be an ideal purchase for an investor who would be happy to buy with tenants in situ. Alternatively, the property could also be sold with vacant possession.
The accommodation comprises the following: Hallway: 26'9" x 3'10" (8.15m x 1.18m) Laminate flooring. Pendant light fitting x 2. Wall mounted fuse board.
Door to Airing Cupboard housing Telford Tempest hot water cylinder. Slatted shelf. Lounge/Diner/Kitchen: 14'8" x 13'11" (4.48m x 4.23m) Laminate flooring. Pendant light fitting x 2.
Wall mounted storage heater. Juliet doors to side. Window to side. Range of eye and base level kitchen units in light beech effect. Laminate worktop. Electric hob, oven and extractor hood.
Stainless steel 1.5 bowl sink with drainer and mixer taps. Bedroom 1: 12'3" x 9'10" (3.73m x 3m) Flooring laid to carpet. Window to side. Pendant light fitting. Wall mounted storage heater.
Bedroom 2: 9'10" x 8'8" (3m x 2.64m) Flooring laid to carpet. Window to side. Pendant light fitting. Wall mounted electric panel heater. Bathroom: 9'10" x 6'1" (3m x 1.86m) Vinyl flooring.
Flush sealed ceiling light. Wall mounted electric fan heater. Ceiling mounted extractor fan. Bath with shower fitted over the taps and shower screen. Wash basin and low level flush w/c.
Service charge: £1650 p.a. Building Insurance: £345 p.a.
Council Tax Band B Broadband speed: Superfast available Mobile coverage: Good coverage with all main providers **CALL HOME FROM HOME TODAY TO BOOK A VIEWING**
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Siloam Place, Ipswich, Suffolk, IP3
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