2-bedroom flat · IP3 0FB
For saleReduced £2.5k (−2.5%) on 8 FebListed 729 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 ground floor two bedroom apartment on Siloam Place. The apartment is currently tenanted and requires some light re-decoration throughout.
Amazing yield for investment landlord - circa 9%. Vacant possession also possible for potential owner/occupier.
The accommodation comprises: Hallway: 12'2" x 3'9" (3.71m x 1.15m) Pendant light fitting. Wall mounted fuse board.
Doors off to: Lounge/Diner/Kitchen: 17'10" x 14'4" (5.43m x 4.36m) Windows and half-glazed door to rear and patio garden. Wall-mounted night storage heater. 2 x pendant light fittings. Vinyl flooring.
Kitchen has base and eye-level cupboards in light beech effect. Grey laminate worktop. Built in oven, hob and extractor fan. Stainless steel sink with drainer and mixer taps.
Plumbing for washing machine. Bedroom 1: 12'4" x 10' (3.75m x 3.04m) Window to front. Wall mounted night storage heater. Pendant light fitting. Floor is carpeted.
Bedroom 2: 11'3" x 7'9" (3.42m x 2.37m) Window to front. Wall mounted panel heater. Pendant light fitting. Floor is carpeted.
Bathroom: 8'8" x 5'7" (2.64m x 1.71m) White sanitary ware including bath with shower fixture above, wash basin with mixer tap, low level flush w/c. Walls half tiled. Extractor fan.
Wall mounted electric heater. Vinyl flooring. Mains water and sewerage connected. Council tax Band B Good mobile coverage with EE, O2, Three Superfast broadband available
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.
Area
Agent & docs
FAQ
About Siloam Place, Ipswich, Suffolk, IP3
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