3 Bed Terraced House, Refurb/BRRR, Ipswich, IP1 5DG, £160,000

Waveney Road, Ipswich, IP1 5DG - 10 views - 7 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£142K - £375K
Sold Prices/m²£1.9K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£164,800
BMV3%

 

 

End Value (After Refurb)

£238,007

Uplift in Value

+49%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£43,322

Bridging Loan Interest

£4,200

Total Cash In

£95,272

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£238,007

Agent Fees (1%)

£2,380

Bridging Loan

£120,000

Bridging Loan Interest

£4,200

Flip Profit

£20,355

Local Sold Prices

50 sold prices from £142K to £375K, average is £203.8K. £1.9K/m² to £3.3K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£265K09/210.05 mi408, Bramford Road, Ipswich, Suffolk IP1 5AZ3
£190K05/210.07 mi99, Wallace Road, Ipswich, Suffolk IP1 5DA3
£174K02/210.07 mi57, Wallace Road, Ipswich, Suffolk IP1 5DA3
£165K03/210.1 mi128, Wallace Road, Ipswich, Suffolk IP1 5BZ3
£162.5K03/210.1 mi118, Wallace Road, Ipswich, Suffolk IP1 5BZ3
£236K04/230.1 mi39, Dandalan Close, Ipswich, Suffolk IP1 5BW3
£262.5K10/210.1 mi565, Bramford Road, Ipswich, Suffolk IP1 5AU3
£194.5K04/210.11 mi29, Vincent Close, Ipswich, Suffolk IP1 5DH3
£238K02/210.11 mi4, Vincent Close, Ipswich, Suffolk IP1 5DH3
£202K08/230.12 mi62, Eustace Road, Ipswich, Suffolk IP1 5BY3
£160K04/210.14 mi146, Wallace Road, Ipswich, Suffolk IP1 5DD3
£162K03/230.14 mi143, Wallace Road, Ipswich, Suffolk IP1 5DD3
£197K12/200.16 mi24, Henniker Road, Ipswich, Suffolk IP1 5HE3
£195K11/210.16 mi32, Henniker Road, Ipswich, Suffolk IP1 5HE3
£218K12/200.17 mi6, Thebe Close, Ipswich, Suffolk IP1 5AR3
£230K04/210.18 mi30, Eustace Road, Ipswich, Suffolk IP1 5BT3
£240K02/210.18 mi27, Eustace Road, Ipswich, Suffolk IP1 5BT3
£255K03/210.18 mi26, Eustace Road, Ipswich, Suffolk IP1 5BT3
£209K02/210.18 mi12, Eustace Road, Ipswich, Suffolk IP1 5BT3
£180K11/200.18 mi49, Eustace Road, Ipswich, Suffolk IP1 5BT3
£205K12/200.19 mi15, Jovian Way, Ipswich, Suffolk IP1 5AW3
£190K04/210.2 mi345, Bramford Lane, Ipswich, Suffolk IP1 5BS3
£180K05/210.22 mi84, Sproughton Road, Ipswich, Suffolk IP1 5AH3
£210K03/210.22 mi55, Jovian Way, Ipswich, Suffolk IP1 5AW3
£240K12/220.23 mi305, Bramford Lane, Ipswich, Suffolk IP1 5BS3
£217.5K05/210.24 mi54, Jovian Way, Ipswich, Suffolk IP1 5AT3
£246K03/210.25 mi58, Coral Drive, Ipswich, Suffolk IP1 5HS3
£245K06/230.25 mi12, Coral Drive, Ipswich, Suffolk IP1 5HS3
£213.5K04/210.25 mi93, Coral Drive, Ipswich, Suffolk IP1 5HS3
£188K11/200.25 mi18, Coral Drive, Ipswich, Suffolk IP1 5HS3
£293K10/210.25 mi4, Brockley Crescent, Ipswich, Suffolk IP1 5HT3
£202.5K11/200.25 mi30, Brockley Crescent, Ipswich, Suffolk IP1 5HT3
£375K12/220.26 mi328b, Bramford Road, Ipswich, Suffolk IP1 4BB3
£160K06/210.27 mi19, Kingston Road, Ipswich, Suffolk IP1 4BD3
£250K09/210.28 mi73, Cromer Road, Ipswich, Suffolk IP1 5EP3
£142K09/210.29 mi28, Kingston Road, Ipswich, Suffolk IP1 4BQ3
£173K09/210.29 mi38, Kingston Road, Ipswich, Suffolk IP1 4BQ3
£190K04/210.3 mi14, Westbourne Road, Ipswich, Suffolk IP1 5EW3
£275K01/230.3 mi95, Saturn Road, Ipswich, Suffolk IP1 5PS3
£215K11/200.31 mi4, Europa Way, Ipswich, Suffolk IP1 5DL3
£207K08/210.32 mi73, Westbourne Road, Ipswich, Suffolk IP1 5EJ3
£202K03/230.33 mi636, Bramford Road, Ipswich, Suffolk IP1 5BQ3
£155K04/210.33 mi353, Bramford Road, Ipswich, Suffolk IP1 4AZ3
£285K09/210.34 mi27a, Coral Drive, Ipswich, Suffolk IP1 5HP3
£180K01/210.35 mi223, Bramford Lane, Ipswich, Suffolk IP1 4ER3
£250K02/210.35 mi25, High View Road, Ipswich, Suffolk IP1 5HJ3
£235K03/210.35 mi38, High View Road, Ipswich, Suffolk IP1 5HJ3
£165K11/210.36 mi46, Surbiton Road, Ipswich, Suffolk IP1 4AX3
£185.5K12/200.36 mi65, Surbiton Road, Ipswich, Suffolk IP1 4AX3
£168K03/210.37 mi11, Cromer Road, Ipswich, Suffolk IP1 5ER3

Local Rents

36 rents from £895/mo to £3.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05012/240.05 mi-3
£1,15004/240.07 miWallace Road, IPSWICH3
£1,65003/250.09 mi-3
£1,34512/230.11 mi-3
£89504/240.14 miWallace Road, Ipswich, Suffolk, IP13
£1,40005/240.15 miSproughton Road, Ipswich, IP13
£92501/240.15 mi-3
£1,30004/250.15 mi-3
£1,25004/240.16 miBramford Road, IPSWICH3
£1,27512/240.17 mi-3
£1,35012/240.17 mi-3
£1,30012/240.17 mi-3
£1,30012/240.17 mi-3
£99506/240.19 miBramford Lane, Ipswich3
£99506/240.19 miBramford Lane, Ipswich3
£1,30010/240.2 mi-3
£1,30005/240.22 miSproughton Road, Ipswich3
£1,00005/240.24 mi-3
£1,00004/240.25 miBramford Road, IP1, Ipswich 3
£1,10005/240.26 miBlakenham Park3
£1,10004/240.26 miSaturn Road, Ipswich3
£99501/240.28 mi-3
£95004/240.28 miKingston Road, Ipswich3
£1,40011/240.28 mi-3
£1,10004/240.3 miSaturn Road, Ipswich, Suffolk, IP13
£1,25006/240.31 miPutney Close, IPSWICH3
£90003/240.32 miBramford Road, Ipswich3
£1,00006/240.33 miBramford Road, Ipswich3
£92504/240.34 miBramford Lane, Ipswich3
£1,19504/240.34 miBramford Road, Ipswich, Suffolk, IP13
£95003/240.37 miCromer Road, Ipswich, Suffolk, IP13
£1,29009/240.44 mi-3
£1,25002/250.44 mi-3
£95004/240.48 miHenniker Road, Ipswich3
£1,12504/240.5 miBramford Lane, IPSWICH3
£3,75007/240.59 mi-3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

2.03 miles away

Nearest school

0.30 miles away

Nearest train station

1.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £160,000

September 6, 2024

Sold for £105,500

2015

Floor Plans

Description

  • Mid Terrace Home +
  • Three Bedrooms +
  • Lounge/Diner +
  • Kitchen +
  • Ground Floor Bathroom +
  • Porch +
  • Garden +
  • No Onward Chain +
  • Great Investment Opportunity +
  • Great First Time Buy +

Keystone are pleased to bring to the market this charming Victorian mid terrace home located on Waveney Road in Ipswich! The property boasts porch, one reception room, three bedrooms, kitchen and a well-appointed bathroom,

The presence of a porch adds a touch of practicality to the property. Additionally, the absence of a onward chain simplifies the buying process, allowing for a smoother transition.

While the property may require some modernisation, this presents an exciting opportunity for you to put your personal touch on the space and truly make it your own. Imagine the possibilities of transforming this Victorian gem into a modern haven that reflects your style and preferences.

Don't miss out on the chance to own this lovely terrace home on Waveney Road. Contact us today to arrange a viewing and take the first step towards making this property your new home!

Agent Details

Keystone, Ipswich

01473 943998

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.