3 Bed Detached House, Refurb/BRRR, Ipswich, IP4 2PF, £250,000

131A Woodbridge Road, Ipswich, Suffolk, IP4 2PF - 6 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~97 m²
+16 photos

ValuationOvervalued

Sold Prices£147K - £385K
Sold Prices/m²£1.8K/m² - £5.7K/m²

 

 

Square Metres

~97.10 m²
Price/m²£2.6K/m²

Value Estimate

£244,011

 

 

End Value (After Refurb)

£250,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£45,105

Bridging Loan Interest

£6,563

Total Cash In

£126,617

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£250,000

Mortgage (After Refinance)

£187,500

Mortgage LTV

75%

Cash Left In

£126,617

Equity

£62,500

Rent Range

£925 - £3,800

Rent Estimate

£1,311

Running Costs/mo

£1,063

Cashflow/mo

£248

Cashflow/yr

£2,971

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £147K to £385K, average is £225K. £1.8K/m² to £5.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£385K02/210 mi133, Woodbridge Road, Ipswich, Suffolk IP4 2PF3
£215K04/210.03 mi37, Lacey Street, Ipswich, Suffolk IP4 2PH3
£220K04/230.03 mi67, Lacey Street, Ipswich, Suffolk IP4 2PH3
£305K12/200.04 mi72, Woodbridge Road, Rushmere St Andrew, Ipswich, Suffolk IP4 5RA3
£212.5K02/210.04 mi59, Lacey Street, Ipswich, Suffolk IP4 2PH3
£218K11/200.04 mi56, Lacey Street, Ipswich, Suffolk IP4 2PH3
£202K08/210.07 mi174, Woodbridge Road, Ipswich, Suffolk IP4 2PB3
£300K11/220.09 mi7, Upton Close, Ipswich, Suffolk IP4 2QQ3
£220K10/200.13 mi123, Lacey Street, Ipswich, Suffolk IP4 2PL3
£275K01/230.14 mi27, Warwick Road, Ipswich, Suffolk IP4 2QE3
£276K04/230.14 mi25, Warwick Road, Ipswich, Suffolk IP4 2QE3
£200K06/210.15 mi199, Woodbridge Road, Ipswich, Suffolk IP4 2PD3
£225K08/210.15 mi9, Cemetery Road, Ipswich, Suffolk IP4 2ER3
£167K11/200.15 mi20, Alexandra Road, Ipswich, Suffolk IP4 2RH3
£355K06/230.15 mi13, Alexandra Road, Ipswich, Suffolk IP4 2RH3
£205K02/230.15 mi11, North Hill Road, Ipswich, Suffolk IP4 2PW3
£155K04/210.16 mi19, Hervey Street, Ipswich, Suffolk IP4 2ES3
£147K03/210.16 mi26, Norfolk Road, Ipswich, Suffolk IP4 2HB3
£147.6K04/210.16 mi44, Norfolk Road, Ipswich, Suffolk IP4 2HB3
£230K05/210.19 mi89, Hervey Street, Ipswich, Suffolk IP4 2ET3
£225K12/200.19 mi58, Hervey Street, Ipswich, Suffolk IP4 2ET3
£250K02/230.19 mi89, Hervey Street, Ipswich, Suffolk IP4 2ET3
£243K07/210.2 mi38, Tuddenham Avenue, Ipswich, Suffolk IP4 2HE3
£210K09/210.2 mi10, Oxford Road, Ipswich, Suffolk IP4 1NL3
£215K03/210.2 mi36, Oxford Road, Ipswich, Suffolk IP4 1NL3
£300K07/230.2 mi169, Cemetery Road, Ipswich, Suffolk IP4 2HL3
£272.5K03/230.2 mi155, Cemetery Road, Ipswich, Suffolk IP4 2HL3
£165K07/230.21 mi33, Belle Vue Road, Ipswich, Suffolk IP4 2RG3
£333K07/230.21 mi217, Woodbridge Road, Ipswich, Suffolk IP4 2QS3
£193.5K04/210.23 mi230, Woodbridge Road, Ipswich, Suffolk IP4 2QT3
£225K12/200.23 mi226, Woodbridge Road, Ipswich, Suffolk IP4 2QT3
£240K09/210.23 mi29, Kings Avenue, Ipswich, Suffolk IP4 1NT3
£225K11/220.23 mi35, Kings Avenue, Ipswich, Suffolk IP4 1NT3
£292K12/220.24 mi59, Alexandra Road, Ipswich, Suffolk IP4 2RL3
£253.4K11/220.25 mi258, Woodbridge Road, Ipswich, Suffolk IP4 2QT3
£182K02/210.26 mi11, Withipoll Street, Ipswich, Suffolk IP4 2BZ3
£210K03/230.26 mi50, Belle Vue Road, Ipswich, Suffolk IP4 2RD3
£218K07/230.26 mi60, Belle Vue Road, Ipswich, Suffolk IP4 2RD3
£230K04/210.26 mi23, Grove Lane, Ipswich, Suffolk IP4 1NS3
£305K03/230.27 mi40, Tuddenham Avenue, Ipswich, Suffolk IP4 2HF3
£275K02/210.27 mi59, Tuddenham Avenue, Ipswich, Suffolk IP4 2HF3
£235K09/210.28 mi39, Grange Road, Ipswich, Suffolk IP4 1NP3
£185K06/210.28 mi37, Grange Road, Ipswich, Suffolk IP4 1NP3
£280K07/230.28 mi15, Grange Road, Ipswich, Suffolk IP4 1NP3
£262K03/210.28 mi44, Bolton Lane, Ipswich, Suffolk IP4 2BT3
£380K07/230.31 mi9, Vermont Road, Ipswich, Suffolk IP4 2SR3
£235K04/210.35 mi102, Spring Road, Ipswich, Suffolk IP4 2RR3
£245K09/210.35 mi98, Spring Road, Ipswich, Suffolk IP4 2RR3
£205K03/210.36 mi16, Hill House Road, Ipswich, Suffolk IP3 8AP3
£220K01/210.37 mi6, Braeburn Close, Ipswich, Suffolk IP4 2GB3

Local Rents

53 rents from £925/mo to £3.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10001/240.03 miLacey Street, Ipswich, Suffolk, IP43
£1,20008/240.03 miLacey Street3
£1,20008/240.03 miLacey Street3
£92507/240.11 miCemetery Road, Ipswich, Suffolk, UK, IP43
£1,20004/240.12 mi-3
£1,20003/250.12 mi-3
£99504/240.16 miNorfolk Road, Ipswich3
£97512/240.17 mi-3
£97503/240.17 mi-3
£97503/240.17 mi-3
£1,00006/240.17 mi-3
£1,00005/240.17 miHayhill Road, Ipswich, IP43
£1,20004/240.17 mi-3
£1,25007/240.18 mi-3
£1,20007/240.2 miTuddenham Avenue, Ipswich3
£1,20008/240.2 miOxford Road, Ipswich, IP43
£1,20007/240.21 miBelle Vue Road, Ipswich, IP43
£1,17507/240.22 miSpring Road, Ipswich3
£1,10005/240.23 miKings Avenue, Ipswich3
£1,20008/240.23 miKings Avenue, Ipswich, IP43
£99506/240.23 mi-3
£1,10004/240.25 miChapel Mews, 46A Bolton Lane, Ipswich, Suffolk, IP43
£1,20007/240.26 miGrove Lane, Ipswich, IP43
£1,20008/240.26 miHervey Street, Ipswich, IP43
£1,10010/240.26 mi-3
£1,35004/240.27 miHervey Street, Ipswich, IP43
£1,25006/240.27 miTuddenham Avenue, Ipswich, Suffolk, IP43
£1,20006/240.28 miWoodbridge Road, Ipswich, IP4 2QU3
£1,30004/240.28 miSt. Margarets Green, Ipswich3
£3,80007/240.29 mi-3
£3,80008/240.29 mi-3
£1,10010/240.35 mi-3
£95006/240.35 miSpring Road, Ipswich3
£95006/240.35 miSpring Road, Ipswich3
£1,30006/240.38 miTuddenham Avenue3
£1,24012/240.4 mi-3
£1,30007/240.4 miSt Anthonys Crescent, Ipswich, IP43
£1,17504/240.43 miBelvedere Road, Ipswich3
£1,15004/240.47 miFoxhall Road3
£1,15004/240.47 miFoxhall Road, Ipswich, IP33
£95004/240.48 miClifford Road, IP43
£1,00007/240.48 miClifford Road, Ipswich, Suffolk3
£97506/240.49 miRosebery Road, Ipswich, Suffolk, UK, IP43
£97507/240.49 miRosebery Road, Ipswich, Suffolk, UK, IP43
£95007/240.5 miRosebery Road, Ipswich, Suffolk, IP43
£1,35006/240.51 miTuddenham Road, Ipswich, IP43
£1,10002/250.52 mi-3
£97501/240.52 miWellesley Road,Ipswich,IP43
£1,37504/240.53 mi-3
£1,19506/240.53 miBelvedere Road, Ipswich, IP43
£1,30001/240.54 miTurret Lane, Ipswich, Suffolk, IP43
£1,05004/240.54 miFoxhall Road, Ipswich3
£1,70001/240.57 miKey Street, Ipswich, Suffolk, IP43

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.14 miles away

Nearest school

0.10 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £250,000

December 4, 2024

Listed for £275,000

June 25, 2024

Sold for £114,000

2000

Floor Plans

Description

  • WOODBRIDGE ROAD +
  • DETACHED HOUSE +
  • THREE BEDROOMS +
  • SITTING & DINING ROOM +
  • KITCHEN +
  • ENTRANCE HALL +
  • CLOAKROOM/UTILITY +
  • FIRST FLOOR SHOWER ROOM +
  • CONVENIENT TO TOWN CENTRE & WATERFRONT +
  • PERMIT PARKING +

SUMMARY CHAIN FREE - A well proportioned three bedroom detached house in need of some modernisation, offering scope for potential as a family home or investment. Located to the popular Northeast of Ipswich, convenient to the Town Centre, Waterfront, University of Suffolk and Northgate High School, the accommodation comprises; enclosed porch, entrance hall, kitchen, sitting and dining room, and cloakroom/utility on the ground floor with landing, three bedrooms and shower room on the first floor. To the outside there is an established frontage which wraps around to the side and leads to a concealed paved entertainment area. The property is predominantly double glazed and gas centrally heated, parking is on road by permit. Early viewing is highly recommended. 

DOUBLE GLAZED FRONT DOOR With matching half side and above casements to enclosed porch. 

ENCLOSED PORCH Coconut mat well, traditional style wooden front door with motif stained and leaded glass half side and above casements to entrance hall. 

ENTRANCE HALL Obscured double glazed window to side, under stairs cupboard housing gas and electric meters, stairs rising to first floor, doors to kitchen, and dining and sitting room. 

DINING AREA 13' 5" x 11' 7" approx. (4.09m x 3.53m) Double glazed French doors opening out to patio with matching full height side casements, radiator, opening through to sitting area. 

SITTING AREA 12' 9" x 12' 6" approx. (3.89m x 3.81m) Double glazed bay window to front, radiator, fireplace (untested). 

KITCHEN 13' 3" x 7' 6" approx. (4.04m x 2.29m) Double glazed window to side, door to side leading to garden, radiator, range of base and eye level cupboard and drawer fitted units, rolled edge work surface, inset one and a quarter bowl composite sink drainer unit with mixer tap, built-in oven and grill, inset gas hob with extractor over, integrated dish-washer, tiled splash backs and floor, door to cloakroom and utility room. 

CLOAKROOM AND UTILITY ROOM Obscured double glazed window to rear, radiator, low level WC, pedestal hand-wash basin, work surface with plumbing for washng machine under, tiled splash backs and floor. 

STAIRS RISING TO FIRST FLOOR  

FIRST FLOOR LANDING Obscured double glazed window to side, doors to. 

BEDROOM ONE 13' 3" x 11' 7" approx. (4.04m x 3.53m) Double glazed bay window to front, radiator. 

BEDROOM TWO 13' 5" x 11' 4" approx. (4.09m x 3.45m) Double glazed window to rear, radiator, built-in cupboard housing combination boiler (untested). 

BEDROOM THREE 8' 2" x 7' 6" approx. (2.49m x 2.29m) Double glazed window to front, radiator. 

SHOWER ROOM Obscured double glazed windows to side and rear, radiator, walk-in glazed shower cubicle with thermostatic shower, low level WC, pedestal hand-wash basin with mixer tap, fitted cupboard, tiled walls and floor. 

OUTSIDE There is an established walled frontage which is accessed by a gate and steps up, it is mainly laid to lawn and wraps around to the side leading to a concealed paved entertainment area. The frontage also conceals a bomb shelter. Parking is on road by permit, the first permit costs approximately £60 PA, an additional second permit is approximately £120 PA. The seller is in the process of amending the title which removes an existing garage, what is shown in these particulars is what will be sold. 

IPSWICH BOROUGH COUNCIL Tax band C - Approximately £2,003.60 PA (2024-2025). 

NEAREST SCHOOLS (.GOV ONLINE) St Helen's Primary and Northgate High. 

DIRECTIONS Heading East on Woodbridge Road away from the Town Centre, turn left into Lacey Street. The property is found immediately on the right hand in an elevated position cornering Woodbridge Road and Lacey Street. 

CONSUMER PROTECTION REGULATIONS 2008 Your Ipswich Ltd has not tested any electrical items, appliances, plumbing or heating systems and therefore cannot testify that they are operational. These particulars are set out as a general outline only for the guidance of potential purchasers or tenants and do not constitute an offer or contract. Photographs are not necessarily comprehensive or current and all descriptions, dimensions, references to condition necessary permissions for use and occupation and other details are given in good faith and believed to be correct but should not be relied upon as statements of, or representations of, fact. Intending purchasers or tenants must satisfy themselves by inspection or otherwise as to the correctness of each of them. We have taken steps to comply with Consumer Protection Regulations 2008, which require both the seller and their agent to disclose anything, within their knowledge, that would affect the buying decision of the average consumer. If there are any aspects of this property that you wish to clarify before arranging an appointment to view or considering an offer to purchase, please contact us and we will make every effort to be of assistance.

Your Ipswich Ltd, as part of their service to both vendor and purchaser, offer assistance to arrange mortgage and insurance policies, legal services, energy performance certificates, and the valuation and sale of any property relating to any purchaser connected to this transaction. Your Ipswich Ltd confirms they will not prefer one purchaser above another solely because he/she has agreed to accept the offer of any other service from Your Ipswich Ltd. Referral commission (where received) is in the range of £60 to £200.

Agent Details

Your Ipswich, Ipswich

01473 943856

Next Steps?

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