3 Bed Terraced House, Refurb/BRRR, Ipswich, IP1 6NP, £210,000

Moore Road, Ipswich, IP1 6NP - 4 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£168K - £360K
Sold Prices/m²£1.7K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£212,100

 

 

End Value (After Refurb)

£246,017

Uplift in Value

+17%

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

£246,017

Mortgage (After Refinance)

£184,513

Mortgage LTV

75%

Cash Released

£27,013

Cash Left In

£83,571

Equity

£61,504

Rent Range

£1,050 - £3,750

Rent Estimate

£1,487

Running Costs/mo

£1,086

Cashflow/mo

£401

Cashflow/yr

£4,810

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £168K to £360K, average is £240K. £1.7K/m² to £4.7K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£250K02/230 mi53, Moore Road, Ipswich, Suffolk IP1 6NP3
£248K12/220 mi1, Moore Road, Ipswich, Suffolk IP1 6NP3
£205K09/210.03 mi30, Moore Road, Ipswich, Suffolk IP1 6NP3
£215K06/210.06 mi28, Coleridge Road, Ipswich, Suffolk IP1 6EH3
£249K12/220.06 mi6, Coleridge Road, Ipswich, Suffolk IP1 6EH3
£168K01/210.07 mi19, Coleridge Road, Ipswich, Suffolk IP1 6EL3
£215K06/230.08 mi17, Burke Road, Ipswich, Suffolk IP1 6NL3
£215K12/200.1 mi5, Blake Road, Ipswich, Suffolk IP1 6EN3
£230K04/230.12 mi29, Parnell Road, Ipswich, Suffolk IP1 6SP3
£237.5K06/230.12 mi14, Parnell Close, Ipswich, Suffolk IP1 6SR3
£210K07/210.14 mi46, Stratford Road, Ipswich, Suffolk IP1 6EG3
£267.5K12/220.14 mi2, Bunyan Close, Ipswich, Suffolk IP1 6NH3
£200K04/210.18 mi32, Shenstone Drive, Ipswich, Suffolk IP1 6NS3
£204K04/210.18 mi16, Chaucer Road, Ipswich, Suffolk IP1 6HN3
£265K08/210.19 mi75, Cedarcroft Road, Ipswich, Suffolk IP1 6BQ3
£226K11/200.19 mi42, Cedarcroft Road, Ipswich, Suffolk IP1 6BQ3
£225K03/230.2 mi18, Chaucer Road, Ipswich, Suffolk IP1 6HN3
£230K11/210.2 mi21, Shenstone Drive, Ipswich, Suffolk IP1 6NT3
£230K02/230.2 mi22, Shenstone Drive, Ipswich, Suffolk IP1 6NT3
£180K11/200.21 mi31, Spenser Road, Ipswich, Suffolk IP1 6HU3
£266K07/210.22 mi111, Cedarcroft Road, Ipswich, Suffolk IP1 6BP3
£202.5K07/230.22 mi92, Macaulay Road, Ipswich, Suffolk IP1 6JJ3
£170K02/210.22 mi171, Defoe Road, Ipswich, Suffolk IP1 6SJ3
£305K12/220.25 mi82, Pinecroft Road, Ipswich, Suffolk IP1 6BN3
£230K02/210.26 mi150, Elmcroft Road, Ipswich, Suffolk IP1 6NE3
£245K11/200.26 mi1, Cedarcroft Road, Ipswich, Suffolk IP1 6BJ3
£205K09/210.27 mi39, Homer Close, Ipswich, Suffolk IP1 6JH3
£225K03/230.27 mi31, Homer Close, Ipswich, Suffolk IP1 6JH3
£191K06/230.27 mi110, Macaulay Road, Ipswich, Suffolk IP1 6JQ3
£263K06/230.27 mi5, Goldsmith Road, Ipswich, Suffolk IP1 6HY3
£250K12/200.29 mi67, Beechcroft Road, Ipswich, Suffolk IP1 6BE3
£313.5K02/210.29 mi77, Beechcroft Road, Ipswich, Suffolk IP1 6BE3
£250K04/230.29 mi107, Shakespeare Road, Ipswich, Suffolk IP1 6ET3
£248.5K07/230.3 mi13, Stratford Road, Ipswich, Suffolk IP1 6EE3
£300K12/220.3 mi26, Maycroft Close, Ipswich, Suffolk IP1 6RG3
£292K06/230.31 mi6, Hollycroft Close, Ipswich, Suffolk IP1 6QW3
£360K06/230.31 mi92, Elmcroft Road, Ipswich, Suffolk IP1 6ND3
£255K07/230.31 mi71, Tranmere Grove, Ipswich, Suffolk IP1 6DU3
£245K10/210.33 mi38, Sandown Road, Ipswich, Suffolk IP1 6RE3
£240K05/210.34 mi39, Tranmere Grove, Ipswich, Suffolk IP1 6DU3
£275K12/220.34 mi51, Kempton Road, Ipswich, Suffolk IP1 6QY3
£281K03/230.35 mi142, Defoe Road, Ipswich, Suffolk IP1 6SD3
£237.5K02/210.35 mi70, Defoe Road, Ipswich, Suffolk IP1 6SD3
£281K12/220.35 mi148, Defoe Road, Ipswich, Suffolk IP1 6SD3
£195K06/210.35 mi19, Swinburne Road, Ipswich, Suffolk IP1 6EZ3
£278K09/210.36 mi5, Tranmere Grove, Ipswich, Suffolk IP1 6DT3
£240K11/200.37 mi96, Highfield Road, Ipswich, Suffolk IP1 6DJ3
£282.5K02/210.37 mi2, Malkin Close, Ipswich, Suffolk IP1 6FE3
£237.5K01/210.37 mi26, Malkin Close, Ipswich, Suffolk IP1 6FE3
£267.5K07/230.38 mi126, Highfield Road, Ipswich, Suffolk IP1 6DJ3

Local Rents

11 rents from £1.1K/mo to £3.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40005/240.07 miColeridge Road, IPSWICH3
£1,20006/240.11 miBurke Road, Castle Hill, Ipswich, IP13
£1,20004/240.18 miCedarcroft Road, Ipswich, Suffolk3
£1,36005/240.28 mi-3
£1,20005/240.38 miHighfield Road, Ipswich3
£1,40003/240.38 miAshcroft Road, Ipswich3
£1,10004/240.4 miChesterfield Drive, Ipswich, IP13
£1,30002/240.42 mi-3
£3,75007/240.49 mi-3
£1,40011/230.51 mi-3
£1,05005/240.51 miAshcroft Road, Ipswich, IP13

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

2.20 miles away

Nearest school

0.20 miles away

Nearest train station

1.34 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

July 8, 2024

Sold for £132,000

2007

Floor Plans

Description

  • THREE BEDROOMS +

  • POTENTIAL TO EXTEND +

  • OFF ROAD PARKING +

  • NO ONWARD CHAIN +

  • SOME MODERNISATION REQUIRED +

SUMMARY
Connells are pleased to offer this three bedroom end of terrace house in need of some modernisation. The property benefits from front & rear gardens, off road parking and is being sold with no onward chain.

DESCRIPTION
Located to the north west of Ipswich, you will find this semi-detached family home offered with the added bonus of no onward chain. The property comprises of three bedrooms, lounge, kitchen, family bathroom, off-road parking, front and rear gardens.
The property is located near the sought after crofts area of Ipswich which provide many local shops, amenities and many local schools and also has excellent access to Ipswich Town Centre and trunk roads.
Ipswich has a cutting-edge theatre and arts scene, many schooling facilities, cosy Suffolk pubs, and a vibrant community of independent stores. Ipswich also has the benefit of being home to a mainline railway station that gives direct access into London Liverpool Street, Cambridge, Norwich and many more destinations.
It also benefits from a rejuvenated waterfront Marina which boasts many restaurants, bars and cafes.

Entrance Porch 
Access by double doors with door giving access too:

Entrance Hall  
Wood effect flooring, radiator, stairs rising to the first floor, storage cupboard, textured ceiling and doors giving access too:

Lounge 14' max x 13' ( 4.27m max x 3.96m )
UPVC double glaze window to front wood effect flooring, feature, fireplace, smooth, cave, ceiling, radiator, and door giving access to

Kitchen  12' 8" x 8' 2" ( 3.86m x 2.49m )
Upvc double glazed window to rear, wall mounted boiler, built-in oven, built-in hob with filtered hood over, tiled flooring, tile splashback's, space and plumbing for washing machine, 1 1/2 bowl sink with mixer tap instead inset in a roll edge work surface with cupboards and drawers under and matching above, smooth coved ceiling and door giving access to the rear garden.

Bathroom  
Upvc double glazed window to rear, pedestal wash hand basin with mixer tap, low-level WC, shower bath with mixer tap and shower attachment, shower screen, heated towel rail, tiled walls, smooth ceiling with inset spotlighting and extractor fan.

First Floor Landing 
loft access and doors giving access too:

Bedroom One  15' 1" max x 10' 8" ( 4.60m max x 3.25m )
Two upvc double glazed windows to front, storage cupboard and exposed floorboards.

Bedroom Two  11' 7" x 10' 2" ( 3.53m x 3.10m )
Upvc double glazed window to rear, radiator, smooth coved ceiling and exposed floorboards.

Bedroom Three 9' 3" x 8' 3" ( 2.82m x 2.51m )
Upvc double glazed window to front, radiator and smooth coved ceiling.

Outside 
To the front of the property there is a drive providing off road parking with the remainder laid to patio and mature shrubs. There is gated side access to the rear garden which is a mature garden and does require some modernisation.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Ipswich

01473 943139

Next Steps?

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