3 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP2 9PZ, £200,000

17 Lakeside Road, Ipswich, Suffolk, IP2 9PZ - 3 views - 8 months ago

Sold STC
Refurb/BRRR
~108 m²
+4 photos

ValuationFair Value

Sold Prices£175K - £285K
Sold Prices/m²£2K/m² - £3.7K/m²

 

 

Square Metres

~107.93 m²
Price/m²£1.9K/m²

Value Estimate

£200,000

 

 

End Value (After Refurb)

£291,250

Uplift in Value

+46%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£50,540

Bridging Loan Interest

£5,250

Total Cash In

£114,740

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£291,250

Agent Fees (1%)

£2,912

Bridging Loan

£150,000

Bridging Loan Interest

£5,250

Flip Profit

£23,598

Local Sold Prices

50 sold prices from £175K to £285K, average is £223.3K. £2K/m² to £3.7K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£225K08/210.04 mi18, Lakeside Road, Ipswich, Suffolk IP2 9QA3
£183K03/210.09 mi73, Sheldrake Drive, Ipswich, Suffolk IP2 9NP3
£190K02/230.1 mi37, Dunlin Road, Ipswich, Suffolk IP2 9QE3
£248K05/210.1 mi1, Royston Drive, Ipswich, Suffolk IP2 0QZ3
£250K11/220.13 mi1, Whitworth Close, Ipswich, Suffolk IP2 0RB3
£222.5K04/230.13 mi7, Whitworth Close, Ipswich, Suffolk IP2 0RB3
£195K08/210.14 mi248, Hawthorn Drive, Ipswich, Suffolk IP2 0RH3
£184K12/200.14 mi246, Sheldrake Drive, Ipswich, Suffolk IP2 9NF3
£265K11/220.15 mi66, Plover Road, Ipswich, Suffolk IP2 9ND3
£200K04/210.15 mi66, Plover Road, Ipswich, Suffolk IP2 9ND3
£285K05/230.15 mi381, Hawthorn Drive, Ipswich, Suffolk IP2 0RD3
£247.5K04/230.16 mi84, Plover Road, Ipswich, Suffolk IP2 9ND3
£225K12/220.16 mi29, Plover Road, Ipswich, Suffolk IP2 9ND3
£252K02/230.16 mi33, Bridgwater Road, Ipswich, Suffolk IP2 9PR3
£235K03/210.17 mi45, Redwing Close, Ipswich, Suffolk IP2 0RQ3
£220K09/210.18 mi3, Bridgwater Road, Ipswich, Suffolk IP2 9PJ3
£240K10/220.19 mi56, Sandpiper Road, Ipswich, Suffolk IP2 9HU3
£175K03/210.19 mi110, Sheldrake Drive, Ipswich, Suffolk IP2 9NS3
£192.5K07/230.19 mi98, Sheldrake Drive, Ipswich, Suffolk IP2 9NS3
£250K02/230.19 mi85, Sandpiper Road, Ipswich, Suffolk IP2 9HT3
£210K01/210.2 mi54, Bridgwater Road, Ipswich, Suffolk IP2 9PP3
£285K02/210.2 mi21, Monton Rise, Ipswich, Suffolk IP2 9QQ3
£210K11/200.2 mi5, Monton Rise, Ipswich, Suffolk IP2 9QQ3
£257.5K10/220.2 mi15, Bunting Road, Ipswich, Suffolk IP2 0RL3
£195K07/210.21 mi10, Sandpiper Road, Ipswich, Suffolk IP2 9HX3
£251K01/230.21 mi29, Sandpiper Road, Ipswich, Suffolk IP2 9HX3
£200K11/210.21 mi31, Tern Road, Ipswich, Suffolk IP2 9NJ3
£205K12/200.21 mi54, Kingfisher Avenue, Ipswich, Suffolk IP2 0QW3
£200K07/210.21 mi16, Kittiwake Close, Ipswich, Suffolk IP2 9NT3
£195K03/210.22 mi294, Hawthorn Drive, Ipswich, Suffolk IP2 0RT3
£231K02/230.22 mi177, Sheldrake Drive, Ipswich, Suffolk IP2 9JU3
£221K12/200.23 mi4, Monton Rise, Ipswich, Suffolk IP2 9QQ3
£206K03/210.23 mi26, Irlam Road, Ipswich, Suffolk IP2 9QR3
£230K02/230.24 mi39, Kingfisher Avenue, Ipswich, Suffolk IP2 0QN3
£221.5K07/210.24 mi29, Woodpecker Road, Ipswich, Suffolk IP2 0RS3
£200K03/210.24 mi45, Woodpecker Road, Ipswich, Suffolk IP2 0RS3
£280K06/210.24 mi54, Holcombe Crescent, Ipswich, Suffolk IP2 9PW3
£220K03/210.25 mi62, Mallard Way, Ipswich, Suffolk IP2 9LX3
£224K12/200.25 mi41, Irlam Road, Ipswich, Suffolk IP2 9QR3
£220K04/210.25 mi278, Sheldrake Drive, Ipswich, Suffolk IP2 9JX3
£193.2K12/200.25 mi276, Sheldrake Drive, Ipswich, Suffolk IP2 9JX3
£252K02/230.26 mi37, Annbrook Road, Ipswich, Suffolk IP2 9JP3
£220K04/210.26 mi38, Holcombe Crescent, Ipswich, Suffolk IP2 9QL3
£240K09/220.26 mi76, Sheldrake Drive, Ipswich, Suffolk IP2 9NU3
£275K01/230.27 mi119, Mallard Way, Ipswich, Suffolk IP2 9LZ3
£282.5K02/230.27 mi101, Bridgwater Road, Ipswich, Suffolk IP2 9QH3
£250K02/230.28 mi13, Pheasant Road, Ipswich, Suffolk IP2 0QH3
£210K08/210.28 mi39, Pheasant Road, Ipswich, Suffolk IP2 0QH3
£225K02/210.28 mi17, Chantry Green, Ipswich, Suffolk IP2 0TU3
£262K09/210.28 mi22, Dawnbrook Close, Ipswich, Suffolk IP2 9JW3

Local Rents

24 rents from £900/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.2 miBridgwater Road, IPSWICH3
£1,25007/240.2 miBridgwater Road, IP23
£1,20007/240.2 miBridgwater Road, IP23
£1,20004/240.2 miSheldrake Drive, Ipswich, Suffolk, IP23
£1,25008/240.2 miBunting Road3
£1,10004/240.22 miHawthorn Drive, Ipswich, Suffolk, IP23
£1,20004/240.24 miIpswich3
£1,05006/240.25 miIrlam Road, IP23
£1,39508/240.25 miIrlam Road, Ipswich, IP23
£1,35009/240.28 miDawnbrook Close, Ipswich, Suffolk, IP23
£1,20007/240.29 miAnnbrook Road, Ipswich, Suffolk, IP23
£90008/240.3 miHale Close, Ipswich, IP23
£1,25008/240.35 miDaffodil Close, Ipswich, Suffolk, IP23
£1,20008/240.36 miRadcliffe Drive, Ipswich3
£1,10003/250.36 mi-3
£1,00005/240.39 miFitzwilliam Close, Ipswich IP23
£1,09507/240.42 miFitzwilliam Close, Ipswich3
£1,09508/240.42 miFitzwilliam Close, Ipswich3
£1,60001/250.43 mi-3
£1,45003/250.43 mi-3
£1,25008/240.5 miAster Road, IPSWICH3
£1,09509/240.52 miSorrel Close, Ipswich3
£1,10005/240.55 miBramblewood, Ipswich, IP83
£1,25005/240.62 miMonarch Way, Pinewood, Ipswich3

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

2.23 miles away

Nearest school

0.30 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £200,000

August 14, 2024

Floor Plans

Description

  • Three bedroom semi-detached property +
  • Opposite a local park +
  • Driveway and garage en-bloc +
  • No onward chain +
  • First floor bathroom +
  • Double-glazed windows +
  • Gas central heating +
  • Two reception rooms +
  • Close to local amenities +
  • Good access to the A12/A14 +

Offered with no onward chain is this semi-detached property with garage that is situated opposite a local park. It requires a degree of modernisation however has gas central heating and double glazing.

Offered with no onward chain is this three bedroom semi-detached property with garage on the south-west side of the town opposite a local park.

Along with double glazed windows and gas fired central heating the property has a first floor bathroom and rear garden.

The entrance hall has a door through to the sitting room with a window to the front, feature fireplace with surround and stairs to the first floor. To the rear of this is a dining room with a built-in cupboard. The kitchen is equipped with a range of base units, work tops, drawers and there is also a pantry cupboard.

The landing provides access to all three bedrooms and the bathroom. Bedroom one is located to the front and bedroom two, also a double with built-in wardrobe, is located to the rear. Bedroom thre is located to the front and the bathroom has a bath, basin and WC.

Outside
To the front of the property there is a car space.

To the rear there is a tiered garden which is predominantly laid to lawn with a range of flower beds and shrubs.

Directions

Using a Sat Nav with the postcode IP2 9PZ and upon entering Lakeside Road from Manchester Road the property can be found on the right hand side.

Important Information

Council Tax Band - B
Services – Mains water, drainage, gas and electric are connected.
Tenure - Freehold
EPC – D

Agent Details

Fenn Wright, Ipswich

01473 943943

Next Steps?

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