3 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP1 6JG, £210,000

Byron Road, Ipswich, IP1 6JG - 4 views - 2 years ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£168K - £305K
Sold Prices/m²£1.7K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£210,000

 

 

End Value (After Refurb)

£248,721

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£43,322

Bridging Loan Interest

£5,513

Total Cash In

£110,584

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£248,721

Mortgage (After Refinance)

£186,541

Mortgage LTV

75%

Cash Released

£29,041

Cash Left In

£81,543

Equity

£62,180

Rent Range

£895 - £3,750

Rent Estimate

£1,286

Running Costs/mo

£1,054

Cashflow/mo

£232

Cashflow/yr

£2,779

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £168K to £305K, average is £237.5K. £1.7K/m² to £3.6K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£225K03/230.08 mi18, Chaucer Road, Ipswich, Suffolk IP1 6HN3
£191K06/230.08 mi110, Macaulay Road, Ipswich, Suffolk IP1 6JQ3
£202.5K07/230.09 mi92, Macaulay Road, Ipswich, Suffolk IP1 6JJ3
£204K04/210.09 mi16, Chaucer Road, Ipswich, Suffolk IP1 6HN3
£205K09/210.13 mi39, Homer Close, Ipswich, Suffolk IP1 6JH3
£225K03/230.13 mi31, Homer Close, Ipswich, Suffolk IP1 6JH3
£170K02/210.16 mi171, Defoe Road, Ipswich, Suffolk IP1 6SJ3
£237.5K06/230.17 mi14, Parnell Close, Ipswich, Suffolk IP1 6SR3
£230K04/230.19 mi29, Parnell Road, Ipswich, Suffolk IP1 6SP3
£168K01/210.22 mi19, Coleridge Road, Ipswich, Suffolk IP1 6EL3
£180K11/200.23 mi31, Spenser Road, Ipswich, Suffolk IP1 6HU3
£215K12/200.24 mi5, Blake Road, Ipswich, Suffolk IP1 6EN3
£200K04/210.25 mi32, Shenstone Drive, Ipswich, Suffolk IP1 6NS3
£205K09/210.25 mi30, Moore Road, Ipswich, Suffolk IP1 6NP3
£263K06/230.27 mi5, Goldsmith Road, Ipswich, Suffolk IP1 6HY3
£250K02/230.27 mi53, Moore Road, Ipswich, Suffolk IP1 6NP3
£248K12/220.27 mi1, Moore Road, Ipswich, Suffolk IP1 6NP3
£215K06/210.29 mi28, Coleridge Road, Ipswich, Suffolk IP1 6EH3
£249K12/220.29 mi6, Coleridge Road, Ipswich, Suffolk IP1 6EH3
£215K06/230.35 mi17, Burke Road, Ipswich, Suffolk IP1 6NL3
£250K04/230.35 mi107, Shakespeare Road, Ipswich, Suffolk IP1 6ET3
£230K11/210.36 mi21, Shenstone Drive, Ipswich, Suffolk IP1 6NT3
£230K02/230.36 mi22, Shenstone Drive, Ipswich, Suffolk IP1 6NT3
£300K12/220.36 mi26, Maycroft Close, Ipswich, Suffolk IP1 6RG3
£282.5K02/210.37 mi2, Malkin Close, Ipswich, Suffolk IP1 6FE3
£237.5K01/210.37 mi26, Malkin Close, Ipswich, Suffolk IP1 6FE3
£210K07/210.38 mi46, Stratford Road, Ipswich, Suffolk IP1 6EG3
£267.5K12/220.4 mi2, Bunyan Close, Ipswich, Suffolk IP1 6NH3
£281K03/230.4 mi142, Defoe Road, Ipswich, Suffolk IP1 6SD3
£237.5K02/210.4 mi70, Defoe Road, Ipswich, Suffolk IP1 6SD3
£281K12/220.4 mi148, Defoe Road, Ipswich, Suffolk IP1 6SD3
£245K10/210.42 mi38, Sandown Road, Ipswich, Suffolk IP1 6RE3
£195K06/210.42 mi19, Swinburne Road, Ipswich, Suffolk IP1 6EZ3
£248.5K07/230.43 mi13, Stratford Road, Ipswich, Suffolk IP1 6EE3
£265K08/210.43 mi75, Cedarcroft Road, Ipswich, Suffolk IP1 6BQ3
£226K11/200.43 mi42, Cedarcroft Road, Ipswich, Suffolk IP1 6BQ3
£292K06/230.43 mi6, Hollycroft Close, Ipswich, Suffolk IP1 6QW3
£185K06/210.45 mi584, Norwich Road, Ipswich, Suffolk IP1 6JY3
£245K11/200.47 mi1, Cedarcroft Road, Ipswich, Suffolk IP1 6BJ3
£275K12/220.48 mi51, Kempton Road, Ipswich, Suffolk IP1 6QY3
£266K07/210.48 mi111, Cedarcroft Road, Ipswich, Suffolk IP1 6BP3
£227K06/210.49 mi46, Epsom Drive, Ipswich, Suffolk IP1 6RU3
£270K02/210.5 mi44, Dryden Road, Ipswich, Suffolk IP1 6QP3
£230K02/210.52 mi150, Elmcroft Road, Ipswich, Suffolk IP1 6NE3
£305K12/220.53 mi82, Pinecroft Road, Ipswich, Suffolk IP1 6BN3
£255K07/230.54 mi71, Tranmere Grove, Ipswich, Suffolk IP1 6DU3
£245K09/210.54 mi49, Kempton Road, Ipswich, Suffolk IP1 6QY3
£247K06/230.54 mi49, Kempton Road, Ipswich, Suffolk IP1 6QY3
£240K11/200.55 mi96, Highfield Road, Ipswich, Suffolk IP1 6DJ3
£250K12/200.55 mi67, Beechcroft Road, Ipswich, Suffolk IP1 6BE3

Local Rents

26 rents from £895/mo to £3.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,40005/240.22 miColeridge Road, IPSWICH3
£1,20006/240.26 miBurke Road, Castle Hill, Ipswich, IP13
£1,36005/240.44 mi-3
£1,20004/240.46 miCedarcroft Road, Ipswich, Suffolk3
£1,30002/240.49 mi-3
£1,20005/240.56 miHighfield Road, Ipswich3
£1,10004/240.63 miChesterfield Drive, Ipswich, IP13
£1,40003/240.64 miAshcroft Road, Ipswich3
£1,25004/240.67 miCavan Road, IPSWICH3
£3,75007/240.74 mi-3
£1,40011/230.78 mi-3
£1,05005/240.78 miAshcroft Road, Ipswich, IP13
£95003/241.01 miCromer Road, Ipswich, Suffolk, IP13
£1,00005/241.02 miFoden Avenue, IPSWICH3
£1,27512/241.06 mi-3
£1,35012/241.06 mi-3
£89504/241.08 miWallace Road, Ipswich, Suffolk, IP13
£1,30010/241.08 mi-3
£99506/241.09 miBramford Lane, Ipswich3
£99506/241.09 miBramford Lane, Ipswich3
£1,29505/241.14 miPine Avenue, Ipswich3
£1,40011/241.15 mi-3
£1,05012/241.17 mi-3
£1,15004/241.17 miWallace Road, IPSWICH3
£92501/241.18 mi-3
£1,25006/241.24 miPutney Close, IPSWICH3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

2.47 miles away

Nearest school

0.30 miles away

Nearest train station

1.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £210,000

September 13, 2023

Floor Plans

Description

  • 3 Bedroom Semi-Detached +
  • 2 Reception Rooms +
  • Gas Fired Central Heating +
  • Off Road Parking +
  • No Onward Chain +
  • Modernisation Required +

Blake Mayhew presents to the market this 3 bedroom ex local authority built semi detached house. The property is situated in the North West side of Ipswich on the Whitton estate convenient to local schools and amenities. The property benefits from off road parking, gas fired central heating (untested) and 2 receptions. Some updating and modernisation is required and there is no onward chain. Early viewing is advised.

Entrance Hall: front entrance door and stairs off.

Lounge: 17' x 12'9" window to rear, radiator.

Dining room: 13' x 8'6" - window to front, radiator and feature fireplace.

Kitchen: 10'8" x 10'8"
Base and eye level cupboards and drawers with work surfaces, space for fridge/freezer, sink drainer, walk in pantry/cupboard, windows to side and rear, door to outside rear garden.

First floor landing:
Airing cupboard, window to side, doors to:

Bedroom 1: 13' x 12'8" Window , wardrobe, and radiator.

Bedroom 2: 13' x 9' Window , radiator and fitted wardrobe.

Bedroom 3: 9'9" x 7'9" Window to rear and radiator.

Bathroom: Bathroom suite with panelled bath, hand wash basin, tiled walls, window. Separate WC with window to side.

Outside:
Front Garden with driveway with off road parking, side access and gate to rear garden.
Rear garden with patio area, laid to lawn with shrubs, enclosed.

Council Tax Band B

Agent Details

Blake Mayhew, Ipswich

01473 222202

Next Steps?

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