3 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP1 2HT, £330,000

16 Arcade Street, Ipswich, Suffolk, IP1 1EP - 8 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£105K - £425K
Sold Prices/m²£1K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£210,567

 

 

End Value (After Refurb)

£237,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£82,500

Stamp Duty & Legal Fees

£15,100

Refurb Costs

£43,322

Bridging Loan Interest

£8,663

Total Cash In

£151,334

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£237,000

Mortgage (After Refinance)

£177,750

Mortgage LTV

75%

Cash Left In

£151,334

Equity

£59,250

Rent Range

£950 - £3,500

Rent Estimate

£1,322

Running Costs/mo

£1,025

Cashflow/mo

£297

Cashflow/yr

£3,564

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £105K to £425K, average is £217.5K. £1K/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£135K03/210.17 mi23, Elliott Street, Ipswich, Suffolk IP1 2HN3
£110K04/210.17 mi63, Elliott Street, Ipswich, Suffolk IP1 2HJ3
£165K07/210.2 mi11, Wilberforce Street, Ipswich, Suffolk IP1 2JP3
£285K03/230.22 mi43, Clarkson Street, Ipswich, Suffolk IP1 2JN3
£105K07/210.23 mi6, Firmin Close, Ipswich, Suffolk IP1 2BF3
£195K09/210.23 mi86, Victoria Street, Ipswich, Suffolk IP1 2JX3
£165K02/210.25 mi16, Curriers Lane, Ipswich, Suffolk IP1 2AH3
£168K11/200.26 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£168K11/200.27 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£165K03/230.27 mi6, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£350K03/210.29 mi30, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£325K03/230.29 mi41, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£284K04/210.29 mi25, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£130K03/230.3 mi3, Surrey Road, Ipswich, Suffolk IP1 2LE3
£236.5K03/210.31 mi66, Newson Street, Ipswich, Suffolk IP1 3NY3
£230K03/210.32 mi32, Geneva Road, Ipswich, Suffolk IP1 3NP3
£144.2K07/210.32 mi61, Sirdar Road, Ipswich, Suffolk IP1 2LB3
£167.5K08/210.33 mi4, Cardigan Street, Ipswich, Suffolk IP1 3PF3
£147K09/210.36 mi57, Sirdar Road, Ipswich, Suffolk IP1 2LD3
£265K04/230.39 mi59, High Street, Ipswich, Suffolk IP1 3QL3
£205K06/230.4 mi9, Wellington Street, Ipswich, Suffolk IP1 2NT3
£178K07/210.43 mi120, Bramford Road, Ipswich, Suffolk IP1 2LL3
£205K09/210.46 mi36, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£240K01/230.46 mi20, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£243K02/210.47 mi64, Anglesea Road, Ipswich, Suffolk IP1 3PN3
£220K03/230.47 mi75, Ranelagh Road, Ipswich, Suffolk IP2 0AD3
£170K07/230.49 mi141, Ranelagh Road, Ipswich, Suffolk IP2 0AF3
£121K12/200.5 mi23, Chevallier Street, Ipswich, Suffolk IP1 2PF3
£215K05/210.52 mi3, Turret Lane, Ipswich, Suffolk IP4 1DT3
£340K07/210.52 mi6, Valley Road, Ipswich, Suffolk IP1 4ED3
£125K04/210.53 mi179, Bramford Road, Ipswich, Suffolk IP1 4AA3
£230K01/230.53 mi152, Bramford Road, Ipswich, Suffolk IP1 4AB3
£300K11/200.53 mi21, Warrington Road, Ipswich, Suffolk IP1 3QU3
£240K02/230.53 mi11, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£195K04/230.54 mi7, Bramford Lane, Ipswich, Suffolk IP1 4DB3
£167K08/210.55 mi27, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£229K07/230.55 mi18, Blenheim Road, Ipswich, Suffolk IP1 4EB3
£325K12/220.55 mi32, Lower Brook Street, Ipswich, Suffolk IP4 1AL3
£265K07/230.57 mi35, Tower Mill Road, Ipswich, Suffolk IP1 4QF3
£242K07/230.59 mi25, Hadleigh Road, Ipswich, Suffolk IP2 0EP3
£285K04/230.6 mi7, Gippeswyk Avenue, Ipswich, Suffolk IP2 9AD3
£290K08/220.6 mi11, Gippeswyk Avenue, Ipswich, Suffolk IP2 9AD3
£425K11/220.6 mi14, Westwood Avenue, Ipswich, Suffolk IP1 4EQ3
£233K12/220.61 mi75, Bramford Lane, Ipswich, Suffolk IP1 4DF3
£270K11/210.62 mi100, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£180K02/210.62 mi74, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£215K11/210.63 mi59, All Saints Road, Ipswich, Suffolk IP1 4DG3
£260K01/230.63 mi22, All Saints Road, Ipswich, Suffolk IP1 4DG3
£220K03/210.63 mi39, All Saints Road, Ipswich, Suffolk IP1 4DG3
£180.5K09/210.63 mi20, Belstead Road, Ipswich, Suffolk IP2 8AX3

Local Rents

23 rents from £950/mo to £3.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£99506/240.13 miDillwyn Street West, Ipswich3
£99506/240.13 miDillwyn Street West, Ipswich3
£95003/240.17 miElliott Street, Ipswich3
£1,25003/240.25 mi-3
£1,20003/240.25 miCurriers Lane, Ipswich3
£1,00005/240.25 miBulwer Road, Ipswich3
£1,00005/240.25 miBulwer Road3
£1,25004/240.28 miMuseum Street, Ipswich3
£1,15003/250.28 mi-3
£2,20003/250.29 mi-3
£98504/240.35 mi-3
£1,15002/240.37 mi-3
£1,25005/240.37 mi-3
£3,50003/240.39 mi-3
£2,50006/240.39 mi-3
£1,20012/240.43 mi-3
£1,20003/250.43 mi-3
£95008/240.46 miRanelagh Road, Ipswich3
£1,59504/240.51 miWentworth House, Burrell Road, Ipswich3
£1,30001/240.52 miTurret Lane, Ipswich, Suffolk, IP43
£1,10001/240.58 miBurrell Road, Ipswich3
£1,20003/240.58 mi-3
£1,25009/240.62 miChesham Road, Ipswich, IP23

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1 miles away

Nearest school

0.10 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £330,000

August 22, 2024

Floor Plans

Description

  • 1930’s Art-Deco style semi-detached house +
  • Quiet residential location within easy walking distance to Town Centre +
  • Would benefit from some modernisation +
  • Many fine original features +
  • 2 reception rooms, conservatory, kitchen, cloakroom +
  • 3 bedrooms +
  • First floor shower room +
  • Delightful secluded mature garden, south facing +
  • Garage and off road parking +

Stylish "Art Deco" style 1930s semi detached 1930s house located in quiet residential locality, first time for sale for many years and now would benefit from modernisation. but retains fine original features. 3 bedrooms, 2/3 receptions rooms, good size secluded south gardens.

The Residence - Dating back to the 1930’s this distinctive semi-detached house is of brick construction, art-deco in style under a clay tiled roof and has been occupied by the same family for many years; it would now benefit from modernisation however it still retains many original features. With the benefit of UPVC double-glazed windows and gas-fired central heating and offers the following accommodation

On The Ground Floor -

Entrance Hall - with radiator, telephone alcove, stairs to 1st floor

Cloakroom - low-level W.C. hand-basin, part-tiled walls

Dining Room - 3.66m x 3.05m (12' x 10') - fireplace with elegant fire surround in striking tiles, gas point, 2 recessed alcoves, T.V. point, radiator, bi-fold glazed doors to

Sitting Room - 4.50m x 3.71m (14'9" x 12'2") - elegant tiled fireplace to match that of the dining room also matching characterful alcoves, T.V. point, radiator, glazed door opening to

Garden Room - 4.09m x 1.83m (13'5" x 6') - glazed above a brick base with a solid flat roof

Kitchen - 4.72m x 2.95m (15'6" x 9'8") - range of units with worktops above, stainless steel sink and drainer, gas cooker point, 2 original built in cupboards, quarry tiled floor, original pantry with gas-fired boiler, plumbing for washing machine; door opening into garage

On The First Floor -

Landing - with access to partly boarded loft, airing cupboard with hot water tank

Bedroom 1 - 4.27m x 3.66m (14' x 12') - with picture rail, built-in wardrobes, radiator, tiled fireplace, views over rear gardens

Bedroom 2 - 3.66m x 3.05m (12' x 10') - with picture rail, radiator, TV point, garden views

Bedroom 3 - 2.74m x 3.73m max (9' x 12'3" max) - with built-in wardrobes, picture rail, radiator

Shower Room - tiled shower cubicle, pedestal basin, low-level W.C. part-tiled walls

Outside - The property is set back from the road with gardens to front. To the side a short drive leads to the enclosed, secure garage with a separate garden storage room to rear. Delightful good sized secluded south facing gardens with paved patio bordered by flower beds, mature shrubs and trees, and a large area of lawn

Services - All main services are connected

Council Tax - Band C

Agent Details

Woodcock & Son, Ipswich

01473 943784

Next Steps?

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