3 Bed Terraced House, Refurb/BRRR, Ipswich, IP2 0TF, £205,000

Robin Drive, Ipswich, IP2 0TF - 1 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£170K - £347K
Sold Prices/m²£2K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£205,000

 

 

End Value (After Refurb)

£252,776

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£51,250

Stamp Duty & Legal Fees

£11,450

Refurb Costs

£43,548

Bridging Loan Interest

£5,381

Total Cash In

£113,380

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£252,776

Mortgage (After Refinance)

£189,582

Mortgage LTV

75%

Cash Released

£35,832

Cash Left In

£77,548

Equity

£63,194

Rent Range

£900 - £1,450

Rent Estimate

£1,207

Running Costs/mo

£1,051

Cashflow/mo

£156

Cashflow/yr

£1,868

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £170K to £347K, average is £212.5K. £2K/m² to £3.4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£210K04/210.05 mi15, Curlew Road, Ipswich, Suffolk IP2 0TG3
£230K06/230.11 mi9, Kingfisher Avenue, Ipswich, Suffolk IP2 0QN3
£209K03/210.12 mi9, Chantry Green, Ipswich, Suffolk IP2 0TU3
£225K02/210.13 mi17, Chantry Green, Ipswich, Suffolk IP2 0TU3
£250K02/230.13 mi13, Pheasant Road, Ipswich, Suffolk IP2 0QH3
£210K08/210.13 mi39, Pheasant Road, Ipswich, Suffolk IP2 0QH3
£230K02/230.17 mi39, Kingfisher Avenue, Ipswich, Suffolk IP2 0QN3
£205K12/200.17 mi54, Kingfisher Avenue, Ipswich, Suffolk IP2 0QW3
£210K01/210.17 mi24, Swallow Road, Ipswich, Suffolk IP2 0TN3
£170K10/200.17 mi5, Swallow Road, Ipswich, Suffolk IP2 0TN3
£170K03/210.17 mi37, Swallow Road, Ipswich, Suffolk IP2 0TN3
£220K08/210.17 mi15, Swallow Road, Ipswich, Suffolk IP2 0TN3
£257.5K10/220.21 mi15, Bunting Road, Ipswich, Suffolk IP2 0RL3
£215K10/200.21 mi11, Bunting Road, Ipswich, Suffolk IP2 0RL3
£235K03/210.21 mi45, Redwing Close, Ipswich, Suffolk IP2 0RQ3
£200K11/220.24 mi56, Kestrel Road, Ipswich, Suffolk IP2 0RR3
£205.2K03/210.24 mi64, Kestrel Road, Ipswich, Suffolk IP2 0RR3
£215K05/210.25 mi56, Greenfinch Avenue, Ipswich, Suffolk IP2 0SH3
£221.5K07/210.25 mi29, Woodpecker Road, Ipswich, Suffolk IP2 0RS3
£200K03/210.25 mi45, Woodpecker Road, Ipswich, Suffolk IP2 0RS3
£195K08/210.26 mi248, Hawthorn Drive, Ipswich, Suffolk IP2 0RH3
£347K07/220.26 miHorley Cottage, Gwydyr Road, Ipswich, Suffolk IP2 0NT3
£225K05/230.26 mi28, Greenfinch Avenue, Ipswich, Suffolk IP2 0SG3
£205K07/210.28 mi33, Marigold Avenue, Ipswich, Suffolk IP2 0PZ3
£218.5K04/210.28 mi49, Shamrock Avenue, Ipswich, Suffolk IP2 0NN3
£215K08/210.28 mi39, Shamrock Avenue, Ipswich, Suffolk IP2 0NN3
£215K04/210.28 mi34, Shamrock Avenue, Ipswich, Suffolk IP2 0NN3
£178K06/210.29 mi52, Shamrock Avenue, Ipswich, Suffolk IP2 0NN3
£182K04/210.29 mi2, Buddleia Close, Ipswich, Suffolk IP2 0XG3
£199K11/200.29 mi41, Aster Road, Ipswich, Suffolk IP2 0NH3
£195K03/210.29 mi294, Hawthorn Drive, Ipswich, Suffolk IP2 0RT3
£175K03/210.3 mi110, Sheldrake Drive, Ipswich, Suffolk IP2 9NS3
£192.5K07/230.3 mi98, Sheldrake Drive, Ipswich, Suffolk IP2 9NS3
£285K05/230.3 mi381, Hawthorn Drive, Ipswich, Suffolk IP2 0RD3
£180K12/200.31 mi66, Swallow Road, Ipswich, Suffolk IP2 0TP3
£175K10/200.31 mi71, Swallow Road, Ipswich, Suffolk IP2 0TP3
£250K11/220.32 mi1, Whitworth Close, Ipswich, Suffolk IP2 0RB3
£222.5K04/230.32 mi7, Whitworth Close, Ipswich, Suffolk IP2 0RB3
£240K09/220.32 mi76, Sheldrake Drive, Ipswich, Suffolk IP2 9NU3
£218K02/210.32 mi1, Marigold Avenue, Ipswich, Suffolk IP2 0QA3
£230K11/210.33 mi38, Merlin Road, Ipswich, Suffolk IP2 0SJ3
£200K07/210.33 mi16, Kittiwake Close, Ipswich, Suffolk IP2 9NT3
£220K09/210.33 mi3, Bridgwater Road, Ipswich, Suffolk IP2 9PJ3
£225K08/210.34 mi18, Lakeside Road, Ipswich, Suffolk IP2 9QA3
£183K03/210.35 mi73, Sheldrake Drive, Ipswich, Suffolk IP2 9NP3
£237.5K10/210.35 mi84, Coltsfoot Road, Ipswich, Suffolk IP2 0NG3
£186K11/200.36 mi39, Stonechat Road, Ipswich, Suffolk IP2 0SA3
£203.5K08/230.37 mi43, Honeysuckle Gardens, Ipswich, Suffolk IP2 0XE3
£200K12/200.38 mi9, Aster Road, Ipswich, Suffolk IP2 0NQ3
£248K05/210.38 mi1, Royston Drive, Ipswich, Suffolk IP2 0QZ3

Local Rents

20 rents from £900/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20004/240.14 miIpswich3
£1,10003/250.2 mi-3
£1,25008/240.21 miBunting Road3
£1,25008/240.27 miDaffodil Close, Ipswich, Suffolk, IP23
£1,45003/250.28 mi-3
£1,25008/240.29 miAster Road, IPSWICH3
£1,10004/240.29 miHawthorn Drive, Ipswich, Suffolk, IP23
£1,20007/240.42 miBridgwater Road, IPSWICH3
£1,25007/240.42 miBridgwater Road, IP23
£1,20007/240.42 miBridgwater Road, IP23
£1,40005/240.46 miMilden Road, Ipswich3
£1,40004/240.47 miCowslip Close, IPSWICH3
£90008/240.5 miHale Close, Ipswich, IP23
£1,09509/240.53 miSorrel Close, Ipswich3
£1,10005/240.54 miBramblewood, Ipswich, IP83
£1,35008/240.55 miLupin Road, IPSWICH3
£1,20004/240.57 miSheldrake Drive, Ipswich, Suffolk, IP23
£1,05006/240.59 miIrlam Road, IP23
£1,39508/240.59 miIrlam Road, Ipswich, IP23
£1,00005/240.61 miFitzwilliam Close, Ipswich IP23

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

2.19 miles away

Nearest school

0.20 miles away

Nearest train station

1.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £205,000

December 5, 2024

Listed for £220,000

July 18, 2024

Floor Plans

Description

  • Three bedrooms +
  • Two Reception Rooms +
  • Kitchen +
  • Bathroom +
  • Separate W.C +
  • Good Sized Rear Garden +
  • No OnWard Chain +
  • In Need Of Modernisation +

Vikings are pleased to offer 'For Sale' this three bedroom mid terrace house situated in the IP2 area of Ipswich, with excellent transport links to A12/A14. The property comprises of two reception rooms kitchen, bathroom, separate w.c, good sized rear garden and outbuilding, further property features include double glazing and gas central heating. The local area has plenty of amenities nearby as well as being within school catchments. The property is in need of updating throughout.

Double Glazed Entrance Porch

Double Glazed Entrance Door: Leading to:-

Hallway: With stairs leading to first floor accommodation, understairs storage cupboard, radiator, window to front aspect.

Lounge: 12'11" x 11'3" (3.94m x 3.43m), Window to front aspect, radiator, gas fire with tiled surround (not tested).

Dining Room: 12'11" x 10'0" (3.94m x 3.05m), Window to rear aspect, radiator, gas fire (not tested).

Kitchen: 11'2" x 7'9" (3.40m x 2.36m), Fitted kitchen comprising of sink and drainer with cupboard under, further range of base units, incorporating work surface with tiled splashbacks, matching eye level units, space for cooker, plumbing for washing machine and space for fridge freezer, window to rear aspect, built in cupboard and door leading to rear garden.

Stairs to First Floor Landing: Access to loft space and providing access to all bedrooms, bathroom and separate w.c.

Bedroom One: 12'9" x 15'0" max (3.89m x 4.57m), Radiator and window to front aspect.

Bedroom Two: 8'6" x 14'11" (2.59m x 4.55m), Window to rear aspect, radiator.

Bedroom Three: 9'8" x 9'8" reducing to 6'10" (2.95m x 2.95m), Window to front aspect, radiator, built in cupboard.

Bathroom: Window to rear aspect, bath, pedestal wash basin, radiator, built in airing cupboard housing gas boiler supplying central heating and hot water.

Separate W.C.: Low level w.c., window to rear aspect, radiator.

Outside: Front - Paved frontage. Shared side access leading to rear garden.
Rear - Good sized sized rear garden mainly laid to lawn, with patio area, small pond and brick built outside storage.

Agent Details

Vikings Estate Agents, Felixstowe

01394 332429

Next Steps?

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