3 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP4 3EZ, £200,000

312E Renfrew Road, Ipswich, IP4 3EZ - 7 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£163.5K - £680K
Sold Prices/m²£1.8K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£235,000

 

 

End Value (After Refurb)

£286,497

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£8,250

Refurb Costs

£43,200

Bridging Loan Interest

£5,250

Total Cash In

£108,450

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£286,497

Mortgage (After Refinance)

£214,873

Mortgage LTV

75%

Cash Released

£64,873

Cash Left In

£43,577

Equity

£71,624

Rent Range

£950 - £1,690

Rent Estimate

£1,240

Running Costs/mo

£1,163

Cashflow/mo

£77

Cashflow/yr

£920

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £163.5K to £680K, average is £281.5K. £1.8K/m² to £4.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£245K01/230.08 mi12, Cromarty Road, Ipswich, Suffolk IP4 3EU3
£375K01/230.08 mi17, North Lawn, Ipswich, Suffolk IP4 3LL3
£465K11/200.08 mi31, North Lawn, Ipswich, Suffolk IP4 3LL3
£365K06/210.12 mi235, Colchester Road, Ipswich, Suffolk IP4 4SJ3
£420K11/200.13 mi10, The Lawns, Ipswich, Suffolk IP4 3LQ3
£235K07/210.16 mi74, Renfrew Road, Ipswich, Suffolk IP4 3HB3
£245.9K04/230.17 mi17, Moffat Avenue, Ipswich, Suffolk IP4 3JG3
£340K01/230.18 mi4, Norbury Road, Ipswich, Suffolk IP4 4RQ3
£315K01/210.21 mi201, Colchester Road, Ipswich, Suffolk IP4 4SL3
£163.5K12/200.22 mi189, Colchester Road, Ipswich, Suffolk IP4 4SL3
£420K09/210.22 mi33, Norbury Road, Ipswich, Suffolk IP4 4RQ3
£237.5K01/230.23 mi41, Rushbury Close, Ipswich, Suffolk IP4 4RB3
£550K12/200.24 mi16, Winston Avenue, Ipswich, Suffolk IP4 3LS3
£300K10/210.25 mi59a, Selkirk Road, Ipswich, Suffolk IP4 3JD3
£295K03/210.26 mi66, Leopold Road, Ipswich, Suffolk IP4 4RN3
£305K06/230.26 mi92, Leopold Road, Ipswich, Suffolk IP4 4RN3
£468K02/230.26 mi12, Digby Road, Ipswich, Suffolk IP4 3ND3
£254K09/210.26 mi87, Renfrew Road, Ipswich, Suffolk IP4 3HF3
£200K06/210.29 mi32, Glencoe Road, Ipswich, Suffolk IP4 3PR3
£288K11/210.3 mi175, Colchester Road, Ipswich, Suffolk IP4 4SN3
£295K02/210.3 mi167, Colchester Road, Ipswich, Suffolk IP4 4SN3
£180K05/230.3 mi47, Leopold Road, Ipswich, Suffolk IP4 4RP3
£390K05/230.3 mi152, Colchester Road, Ipswich, Suffolk IP4 4RS3
£680K01/230.31 mi112, Rushmere Road, Ipswich, Suffolk IP4 4JX3
£300K07/230.31 mi231, Humber Doucy Lane, Ipswich, Suffolk IP4 3PE3
£425K09/210.31 mi45, Sidegate Avenue, Ipswich, Suffolk IP4 4JH3
£325K10/200.31 mi43, Sidegate Avenue, Ipswich, Suffolk IP4 4JH3
£249K10/200.33 mi119, Renfrew Road, Ipswich, Suffolk IP4 3HL3
£268K04/210.33 mi195, Humber Doucy Lane, Ipswich, Suffolk IP4 3PD3
£275K12/200.34 mi9, Kinross Road, Ipswich, Suffolk IP4 3PL3
£435K12/200.35 mi77, Mayfield Road, Ipswich, Suffolk IP4 3NG3
£540K04/230.35 mi90, Mayfield Road, Ipswich, Suffolk IP4 3NG3
£325K12/200.35 mi308, Colchester Road, Ipswich, Suffolk IP4 4QU3
£218K08/210.36 mi41, Reading Road, Ipswich, Suffolk IP4 4NR3
£208K12/200.37 mi81, Schreiber Road, Ipswich, Suffolk IP4 4NJ3
£215K01/210.37 mi21, Lanark Road, Ipswich, Suffolk IP4 3EJ3
£191.3K08/210.37 mi79, Schreiber Road, Ipswich, Suffolk IP4 4NJ3
£225K02/230.4 mi19, Reading Road, Ipswich, Suffolk IP4 4NP3
£229K06/230.41 mi25, Reading Road, Ipswich, Suffolk IP4 4NP3
£213.5K10/220.42 mi32, Phoenix Road, Ipswich, Suffolk IP4 4ND3
£220K04/210.43 mi58, Phoenix Road, Ipswich, Suffolk IP4 4ND3
£219K06/210.43 mi20, Phoenix Road, Ipswich, Suffolk IP4 4ND3
£220K11/210.44 mi831, Woodbridge Road, Ipswich, Suffolk IP4 4NS3
£206K11/200.46 mi803, Woodbridge Road, Ipswich, Suffolk IP4 4NN3
£345K01/210.46 mi105, Humber Doucy Lane, Ipswich, Suffolk IP4 3NU3
£207.5K09/210.47 mi57, Roundwood Road, Ipswich, Suffolk IP4 4LT3
£258K09/210.47 mi11, Rushmere Road, Ipswich, Suffolk IP4 4LD3
£235K01/210.47 mi11, Rushmere Road, Ipswich, Suffolk IP4 4LD3
£360K09/210.47 mi66, Roundwood Road, Ipswich, Suffolk IP4 4LT3
£299.9K12/200.49 mi31, Lancing Avenue, Ipswich, Suffolk IP4 4DG3

Local Rents

22 rents from £950/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,47510/240.17 mi-3
£1,30004/240.18 miNorbury Road, IPSWICH3
£1,19507/240.3 miLEOPOLD ROAD, Ipswich, IP43
£1,15008/240.31 miHumber Doucy Lane, Ipswich, IP43
£1,05010/230.38 mi-3
£1,05001/250.38 mi-3
£1,07003/250.38 mi-3
£1,25001/240.47 miWoodbridge Road, Ipswich3
£1,10004/240.5 mi-3
£1,30008/240.52 miLancing Avenue, Ipswich, Suffolk, UK, IP43
£1,29510/240.55 mi-3
£1,29508/240.55 miStradbroke Road, Ipswich, IP43
£1,40004/240.56 miHeath Road, IPSWICH3
£1,30007/240.56 miHeath Road, Ipswich, IP43
£1,30008/240.56 miHeath Road, Ipswich, IP43
£1,20001/240.56 miErnleigh Road, Ipswich, IP43
£1,35004/240.57 mi-3
£95002/240.58 mi-3
£1,30004/240.59 miColchester Road, Ipswich3
£1,10012/240.59 mi-3
£1,69003/250.6 mi-3
£1,25002/240.61 mi-3

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

1.25 miles away

Nearest school

0.30 miles away

Nearest train station

1.17 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 £200,000

December 28, 2024

Price changed to £220,000

December 14, 2024

Listed for £235,000

August 21, 2024

Floor Plans

Description

  • NORTHGATE HIGH SCHOOL CATCHMENT AREA - NO CHAIN INVOLVED +
  • OFFERS EXCELLENT POTENTIAL FOR UPGRADING AND MODERNISATION - BEEN IN SAME FAMILY SINCE 1947 +
  • SPACIOUS THREE BEDROOM SEMI DETACHED HOUSE +
  • 50' PLUS REAR GARDEN BACKING ONTO WOODLAND +
  • UPVC DOUBLE GLAZED WINDOWS +
  • LOUNGE AND SEPARATE DINING ROOM +
  • KITCHEN AND CONSERVATORY +
  • PARTIAL CENTRAL HEATING SYSTEM (GROUND FLOOR ONLY) +
  • DRIVEWAY PARKING SPACE +
  • FREEHOLD - COUNCIL TAX BAND B +

NORTHGATE HIGH SCHOOL CATCHMENT AREA - NO CHAIN INVOLVED - OFFERS EXCELLENT POTENTIAL FOR UPGRADING AND MODERNISATION - BEEN IN SAME FAMILY SINCE 1947 - SPACIOUS THREE BEDROOM SEMI DETACHED HOUSE - 50' PLUS REAR GARDEN BACKING ONTO WOODLAND - UPVC DOUBLE GLAZED WINDOWS - LOUNGE AND SEPARATE DINING ROOM - KITCHEN AND CONSERVATORY - PARTIAL CENTRAL HEATING SYSTEM (GROUND FLOOR ONLY) - DRIVEWAY PARKING SPACE

An excellent opportunity to purchase this spacious three bedroom semi detached house in highly sought after Northgate High School catchment area which has been thoroughly enjoyed within the same family since it was built in 1947.

This home has a lovely 50' easterly facing rear garden which is backing onto the woodland which is therefore totally unoverlooked from the rear. The house offers an entrance porch, a lounge with separate dining room and kitchen and a very nice conservatory which has been added along with three internal brick built storage sheds, one of which is a workshop.

Upstairs there are three good sized bedrooms and the family bathroom.

The property benefits from UPVC double glazed windows and has a partial central heating system which is ground floor only and not including the kitchen.

The whole property offers excellent potential and would benefit from upgrading and modernisation and at the end of which will be a lovely family home.

The property has no chain involved and also comes with a driveway car park space in front of the pavement and a further concrete area immediately in front of the house.

Renfrew Road - NORTHGATE HIGH SCHOOL CATCHMENT AREA - NO CHAIN INVOLVED - OFFERS EXCELLENT POTENTIAL FOR UPGRADING AND MODERNISATION - BEEN IN SAME FAMILY SINCE 1947 - SPACIOUS THREE BEDROOM SEMI DETACHED HOUSE - 50' PLUS REAR GARDEN BACKING ONTO WOODLAND - UPVC DOUBLE GLAZED WINDOWS - LOUNGE AND SEPARATE DINING ROOM - KITCHEN AND CONSERVATORY - PARTIAL CENTRAL HEATING SYSTEM (GROUND FLOOR ONLY) - DRIVEWAY PARKING SPACE

An excellent opportunity to purchase this spacious three bedroom semi detached house in highly sought after Northgate High School catchment area which has been thoroughly enjoyed within the same family since it was built in 1947.

This home has a lovely 50' easterly facing rear garden which is backing onto the woodland which is therefore totally unoverlooked from the rear. The house offers an entrance porch, a lounge with separate dining room and kitchen and a very nice conservatory which has been added along with three internal brick built storage sheds, one of which is a workshop.

Upstairs there are three good sized bedrooms and the family bathroom.

The property benefits from UPVC double glazed windows and has a partial central heating system which is ground floor only and not including the kitchen.

Summary Continued - Renfrew Road is highly sought after firstly for it's Northgate High School catchment aspect. This property would be ideal for anyone with young children or dogs as it is just a short walk from the lovely Dumbarton Recreation Grounds and woodland walks and open space.

Also Rushmere Hall primary school is just a short walk away and this has a good Ofsted recommendation. There is a bus stop just up the road with buses going into town, a very good fish and chip in Selkirk Road along with a selection of other shops, pub and local amenities a short distance away. There is easy access onto Colchester Road / Valley Road / A12 and A14 and Ipswich hospital is only about a mile away.

Front Garden - Driveway immediately off the road for one vehicle then a further concrete hard-standing the other side of the path and the front garden is gravelled and there is a side passageway leading to the rear garden via a gate.

Entrance Porch - UPVC double glazed porch with further door leading to:

Entrance Hallway - Reception hallway with stairs to first floor. Door leading to conservatory and also a window to rear.

Lounge - 4.475 x 3.881 (14'8" x 12'8") - Lovely bright room courtesy of big windows to rear overlooking the garden, this room is easterly facing making it very pleasant and sunny especially in the mornings. Gas fire situated in tiled hearth and surround and adjacent T.V. plinth, radiator and wall-light points. We understand that the gas fire is in working order. The property would have originally had an open fire when it was built.

Dining Room - 3.2048 x 2.8041 (10'6" x 9'2") - Radiator, door to built in cupboard, window to rear and Baxi boiler which is floor mounted and we understand has been regularly serviced.

Kitchen - 3.0073 x 2.7939 (9'10" x 9'1") - Excellent selection of fitted units comprising base, drawers and eye level units, ample work-surfaces, tiling, space and plumbing for washing machine, single drainer sink unit, space for an upright fridge / freezer, window to side and window to rear and a part glazed door to rear.

Conservatory - 4.5805 x 2.2356 (15'0" x 7'4" ) - Fully glazed conservatory with fitted vertical blinds, the conservatory is both easterly and southerly facing making this extremely pleasant especially in spring and autumn. With door opening out onto garden and views down the garden.

Two Storage Sheds (Access From Conservatory) - 1.42m x 1.27m (4'8" x 4'2" ) - From the conservatory are doors to two brick built internal concrete storage sheds. The largest is 4'8" x 4'2" and is a workshop.

Downstairs Cloakroom (Accessed From Conservatory) - Low flush W.C. and wash hand basin.

First Floor Landing - Doors to bedrooms 1, 2 and 3 and the bathroom. Window to front and loft access.

Bedroom 1 - 3.9716 x 3.881 (13'0" x 12'8") - Window to rear and built in cupboard.

Bedroom 2 - 3.8956 x 2.8275 (12'9" x 9'3") - Window to rear and built in airing cupboard.

Bedroom 3 - 2.8174 x 2.4050 (9'2" x 7'10") - Window to front and built in built in over-stairs cupboard.

Bathroom - Bathroom suite comprising of shower attachment over bath, wash hand basin, low flush W.C. and window to front.

Rear Garden - 15.24m plus (50' plus) - One of the major selling points of the property is the delightful rear garden which is 50' plus in length and backing onto woodland and thus being completely unoverlooked from the rear. The garden offers relatively low maintenance for it's size being mainly laid to lawn with established shrubs and a patio. There is also a good sized greenhouse.

Agents Notes - Tenure - Freehold
Council Tax Band B

Agent Details

Foxhall Estate Agents, Ipswich

01473 943315

Next Steps?

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