4 Bed Terraced House, Refurb/BRRR, Ipswich, IP4 2BX, £425,000

16 Arcade Street, Ipswich, Suffolk, IP1 1EP - 2 views - 7 months ago

Sold STC
Refurb/BRRR
~147 m²
+7 photos

ValuationFair Value

Sold Prices£212K - £760K
Sold Prices/m²£1.7K/m² - £5.6K/m²

 

 

Square Metres

~146.50 m²
Price/m²£2.9K/m²

Value Estimate

£426,256

 

 

End Value (After Refurb)

£369,620

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£68,052

Bridging Loan Interest

£11,156

Total Cash In

£209,908

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£369,620

Mortgage (After Refinance)

£277,215

Mortgage LTV

75%

Cash Left In

£209,908

Equity

£92,405

Rent Range

£925 - £3,800

Rent Estimate

£1,448

Running Costs/mo

£1,465

Cashflow/mo

£-17

Cashflow/yr

£-200

Gross Yield

4%

Local Sold Prices

50 sold prices from £212K to £760K, average is £427.5K. £1.7K/m² to £5.6K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£347K01/210.02 mi39, Bolton Lane, Ipswich, Suffolk IP4 2BX4
£278K05/230.05 mi6, Withipoll Street, Ipswich, Suffolk IP4 2BZ4
£315K04/210.05 mi28, Withipoll Street, Ipswich, Suffolk IP4 2BZ4
£657.5K02/230.08 mi22, Tuddenham Road, Ipswich, Suffolk IP4 2SG4
£385K02/210.12 mi54, Christchurch Street, Ipswich, Suffolk IP4 2DH4
£385K02/210.12 mi54, Christchurch Street, Ipswich, Suffolk IP4 2DH4
£350K04/210.12 mi2, Westerfield Road, Ipswich, Suffolk IP4 2UQ4
£450K02/210.14 mi3, Constable Road, Ipswich, Suffolk IP4 2UN4
£245K09/210.24 mi38, Woodbridge Road, Ipswich, Suffolk IP4 2EG4
£430K04/210.26 miAaron House, Finchley Road, Ipswich, Suffolk IP4 2HU4
£280K06/230.29 mi149, Cemetery Road, Ipswich, Suffolk IP4 2HL4
£212K03/210.29 mi171, Cemetery Road, Ipswich, Suffolk IP4 2HL4
£390K06/210.31 mi133a, Woodbridge Road, Ipswich, Suffolk IP4 2PF4
£330K06/210.31 mi149, Woodbridge Road, Ipswich, Suffolk IP4 2PF4
£410K03/210.33 mi144, Woodbridge Road, Ipswich, Suffolk IP4 2NS4
£472.5K03/210.33 mi142, Woodbridge Road, Ipswich, Suffolk IP4 2NS4
£350K02/210.36 mi5, Upper High Street, Ipswich, Suffolk IP1 3NE4
£620K06/230.36 mi36, Gainsborough Road, Ipswich, Suffolk IP4 2XE4
£345K05/210.36 mi33, High Street, Ipswich, Suffolk IP1 3QH4
£390K07/230.37 mi25, High Street, Ipswich, Suffolk IP1 3QH4
£650K07/230.42 mi78, Constable Road, Ipswich, Suffolk IP4 2UZ4
£405K11/220.43 mi211, Woodbridge Road, Ipswich, Suffolk IP4 2QJ4
£760K02/230.44 mi2, Manor Road, Ipswich, Suffolk IP4 2UX4
£277.5K05/210.45 mi77, Berners Street, Ipswich, Suffolk IP1 3LN4
£425K06/210.45 mi85, Berners Street, Ipswich, Suffolk IP1 3LN4
£295K01/230.48 mi246, Woodbridge Road, Ipswich, Suffolk IP4 2QT4
£585K12/220.5 mi69, Westerfield Road, Ipswich, Suffolk IP4 2XP4
£269.5K11/220.52 mi2, Braeburn Close, Ipswich, Suffolk IP4 2GB4
£565K03/210.55 mi1, Warrington Road, Ipswich, Suffolk IP1 3QX4
£600K03/230.55 mi100, Westerfield Road, Ipswich, Suffolk IP4 2XN4
£648K03/230.55 mi20, Warrington Road, Ipswich, Suffolk IP1 3QU4
£535K02/230.59 mi1, Redan Street, Ipswich, Suffolk IP1 3PQ4
£575K05/210.6 mi42, Borrowdale Avenue, Ipswich, Suffolk IP4 2TG4
£415K03/210.61 mi11, Grosvenor Close, Ipswich, Suffolk IP4 2TU4
£502.5K10/220.61 mi25, Ivry Street, Ipswich, Suffolk IP1 3QP4
£587.5K06/210.61 mi14, Anglesea Road, Ipswich, Suffolk IP1 3PP4
£287K08/210.61 mi103, Belvedere Road, Ipswich, Suffolk IP4 4AD4
£690K02/210.61 mi7, The Albany, Ipswich, Suffolk IP4 2TP4
£317.5K11/200.62 mi48, St Anthonys Crescent, Ipswich, Suffolk IP4 4SY4
£400K08/210.62 mi2, St Anthonys Crescent, Ipswich, Suffolk IP4 4SY4
£330K11/200.62 mi10, St Anthonys Crescent, Ipswich, Suffolk IP4 4SY4
£522.5K01/230.62 mi24, Brettenham Crescent, Ipswich, Suffolk IP4 2UB4
£700K02/210.63 mi3, Constitution Hill, Ipswich, Suffolk IP1 3RQ4
£550K11/200.63 mi6, Broughton Road, Ipswich, Suffolk IP1 3QR4
£510K04/210.63 mi32, Broughton Road, Ipswich, Suffolk IP1 3QR4
£525K10/210.64 mi16, Brettenham Crescent, Ipswich, Suffolk IP4 2UB4
£450K07/230.64 mi23, Brettenham Crescent, Ipswich, Suffolk IP4 2UB4
£612.5K05/210.64 mi10, Borrowdale Avenue, Ipswich, Suffolk IP4 2TN4
£440K05/210.65 mi8, Burlington Road, Ipswich, Suffolk IP1 2EU4
£575K03/210.66 mi53, Constitution Hill, Ipswich, Suffolk IP1 3RL4

Local Rents

52 rents from £925/mo to £3.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,50006/240.04 miBolton Lane, Ipswich, IP44
£1,50006/240.04 miBolton Lane, Ipswich, IP44
£1,30004/240.12 miSt. Margarets Green, Ipswich3
£1,10004/240.12 miChapel Mews, 46A Bolton Lane, Ipswich, Suffolk, IP43
£1,35004/240.16 miHervey Street, Ipswich, IP43
£1,20008/240.16 miHervey Street, Ipswich, IP43
£1,10010/240.16 mi-3
£97503/240.18 mi-3
£97503/240.18 mi-3
£99504/240.19 miNorfolk Road, Ipswich3
£1,30001/240.21 miWoodbridge Road, Ipswich, Suffolk, IP44
£92507/240.23 miCemetery Road, Ipswich, Suffolk, UK, IP43
£1,25007/240.23 mi-3
£1,20004/240.23 mi-3
£3,80007/240.26 mi-3
£3,80008/240.26 mi-3
£1,20007/240.26 miTuddenham Avenue, Ipswich3
£99506/240.28 mi-3
£1,25006/240.28 miTuddenham Avenue, Ipswich, Suffolk, IP43
£1,35005/240.3 mi-4
£1,10001/240.3 miLacey Street, Ipswich, Suffolk, IP43
£1,20008/240.3 miLacey Street3
£1,20008/240.3 miLacey Street3
£1,00006/240.31 mi-3
£1,00005/240.31 miHayhill Road, Ipswich, IP43
£97512/240.33 mi-3
£1,30006/240.34 miTuddenham Avenue3
£3,00003/250.36 mi-4
£1,50005/240.37 miLacey Street, Rushmere St. Andrew, Ipswich, IP44
£1,50005/240.37 mi-4
£1,60009/240.38 miWingfield Street, IPSWICH4
£2,20003/250.38 mi-3
£1,47506/240.38 miPearmain Lane, Ipswich4
£1,15003/250.4 mi-3
£1,20004/240.42 mi-3
£1,20003/250.42 mi-3
£1,35006/240.42 miTuddenham Road, Ipswich, IP43
£1,25004/240.44 miMuseum Street, Ipswich3
£1,25005/240.46 mi-3
£3,50003/240.47 mi-3
£2,50006/240.47 mi-3
£2,10003/240.47 mi-4
£2,20003/250.47 mi-4
£1,30001/240.48 miTurret Lane, Ipswich, Suffolk, IP43
£1,25006/240.49 miOxford Road, Ipswich 4
£1,20008/240.49 miOxford Road, Ipswich, IP43
£1,20007/240.49 miBelle Vue Road, Ipswich, IP43
£1,10005/240.51 miKings Avenue, Ipswich3
£1,20008/240.51 miKings Avenue, Ipswich, IP43
£1,20006/240.52 miWoodbridge Road, Ipswich, IP4 2QU3
£1,17507/240.53 miSpring Road, Ipswich3
£1,20003/240.54 miCurriers Lane, Ipswich3

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £425,000

August 24, 2024

Floor Plans

Description

  • A classic and delightfully modernised Late Victorian semi-detached house of enormous character +
  • Situated within sought after locality backing onto Christchurch Park and a short walk from the town centre +
  • Presented in beautifully modernised condition but also retaining its Victorian character and features +
  • Accommodation arranged over 3 floors including to ground floor a spacious hall, 26ft sitting/dining room, completely re-fitted 27ft kitchen/living room +
  • 1st and 2nd floors to include 4 bedrooms 1 with en-suite shower room and a family bathroom +
  • Useful loft conversion room +
  • Double glazing and gas-fired central heating +
  • Delightful well laid out paved rear gardens backing on to Christchurch Park +
  • Northgate School Catchment +

Immaculately presented 4 bedroom Victorian Town House of outstanding character and appeal, arranged over 3 floors, modernised to a sensitive standard, backing onto Christchurch Park and a short walk town centre

The Property - This comprises a strikingly good looking and classic Victorian town house believed to date from the 1890’s built in red brick under a slate roof which has in recent years been the subject of careful and sensitive modernisation to provide a home of enormous character and elegance with accommodation arranged over 3 floors, also room created from a loft conversion. The present owners have completely re-fitted the kitchen to provide a comprehensive and practical range of fitments and equipment; the gas-fired central heating boiler has been recently replaced and double-glazing is fitted to a number of the windows. Presented in impressive and modernised order the property none the less retains a number of pleasing features including ceiling cornicing, some stripped wood flooring, tall skirting boards; oak doors throughout have been replaced in recent times with well-chosen door furniture. The accommodation includes

On The Ground Floor -

Entyrance Hall - with stripped wood flooring, inset coir mat, recess below stairs, built-in store cupboard, door also into

Cloakroom - with low-level W.C. corner hand-basin, half-tiled walls

Sitting/Dining Room - 3.66m x 7.92m (12' x 26') - into bay, stone feature fireplace with inset wood-burning stove, 2 radiators, fitted book shelves, double aspect windows, stripped wood flooring

Kitchen/Living Room - 8.18m x 2.36m (26'10" x 7'9") - present owners completely re-fitted the kitchen units in 2022 to include comprehensive range of butchers block style wooden working surfaces with grey painted base cupboards and drawers with pewter knobs, double oven (one is an oven/microwave) Quartz sink, 5-ring gas hob unit with extractor above, tall cupboards with storage facilities, a tall cupboard with Vaillant gas-fired central heating boiler, at the further end of the kitchen is a breakfast bar; matching wall cupboards; included is a fridge freezer, dishwasher and washer/dryer. 2 radiators; bi-fold glazed windows admit to rear garden.

On The First Floor -

Front And Rear Landings - doors each to rooms; off the rear landing is large walk-in cupboard housing hot water tank and pressure system for the hot water

Bedroom 1 - 4.78m x 3.51m (15'8" x 11'6") - with radiator

Bedroom 2 - 3.10m x 2.74m!0.00m (10'2" x 9'!0) - with range of built in wardrobes to one complete wall, radiator

Family Bathroom - with modern fittings including twin basin unit with cupboards below, panelled bath with shower attachment, low-level W.C. shower with glazed sliding door, towel rail/radiator, tiled flooring, half-tiled walls

The Second Floor -

Landing - doors each to

Bedroom 3 - 3.61m x 3.51m (11'10" x 11'6") - with built-in wardrobe, radiator, door into en-suite shower with wash-basin, low-level W.C. shower, radiator/towel rail, half-tiled walls

Bedroom 4 - 3.66m x 3.10m (12' x 10'2") - with radiator, excellent views to the park and Christchurch Mansion

Loft Room - 4.34m max x 2.64m (14'3" max x 8'8") - Approached by steps up from the landing, with restricted headroom due to sloping ceilings, velux window, eaves storage

Outside - To the front is a small garden with tiled path up to the front door, boundary hedge and low wall; to the rear is a delightful and well laid out Mediterranean-style garden laid to paving and flanked by shrubs and plants, pergola with climbers the boundaries being well-defined by walls and fencing

Services - All main services connected

Council Tax - Band D

Agent Details

Woodcock & Son, Ipswich

01473 943784

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪