3 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP2 8QS, £265,000

99 Montgomery Road, Ipswich, IP2 8QS - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
93 m²
+11 photos

ValuationOvervalued

Sold Prices£137K - £330K
Sold Prices/m²£1.4K/m² - £3.9K/m²

 

 

Square Metres

93 m²
Price/m²£2.8K/m²

Value Estimate

£244,010

 

 

End Value (After Refurb)

£246,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£43,548

Bridging Loan Interest

£6,956

Total Cash In

£128,405

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£246,000

Mortgage (After Refinance)

£184,500

Mortgage LTV

75%

Cash Left In

£128,405

Equity

£61,500

Rent Range

£950 - £1,600

Rent Estimate

£1,167

Running Costs/mo

£1,022

Cashflow/mo

£145

Cashflow/yr

£1,738

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £137K to £330K, average is £226.5K. £1.4K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£210.5K06/230.05 mi111, Montgomery Road, Ipswich, Suffolk IP2 8RB3
£201.5K12/200.08 mi6, Tenby Road, Ipswich, Suffolk IP2 8QZ3
£222K10/220.1 mi26, Halifax Road, Ipswich, Suffolk IP2 8RD3
£212.5K09/210.11 mi28, Glamorgan Road, Ipswich, Suffolk IP2 8QJ3
£214K05/230.13 mi22, Halifax Road, Ipswich, Suffolk IP2 8RD3
£237.5K12/200.13 mi87, Monmouth Close, Ipswich, Suffolk IP2 8RS3
£215K09/210.14 mi18, Carmarthen Close, Ipswich, Suffolk IP2 8QG3
£180K03/210.15 mi55, Chatsworth Crescent, Ipswich, Suffolk IP2 9BU3
£242K03/210.15 mi57, Chatsworth Crescent, Ipswich, Suffolk IP2 9BU3
£187K12/200.16 mi27, Neath Drive, Ipswich, Suffolk IP2 9TA3
£202K07/210.16 mi43, Neath Drive, Ipswich, Suffolk IP2 9TA3
£210K12/200.16 mi5, Neath Drive, Ipswich, Suffolk IP2 9TA3
£195K06/210.16 mi39, Neath Drive, Ipswich, Suffolk IP2 9TA3
£240K03/230.16 mi51, Neath Drive, Ipswich, Suffolk IP2 9TA3
£207K03/210.18 mi23, Headingham Close, Ipswich, Suffolk IP2 9BZ3
£215K02/210.19 mi36, Lanercost Way, Ipswich, Suffolk IP2 9DL3
£220K07/230.19 mi14, Chatsworth Crescent, Ipswich, Suffolk IP2 9BS3
£203K05/210.2 mi3, Burghley Close, Ipswich, Suffolk IP2 9BX3
£241K07/230.2 mi9, Blickling Close, Ipswich, Suffolk IP2 9BT3
£250K11/210.21 mi13, Lanercost Way, Ipswich, Suffolk IP2 9DL3
£260K12/200.21 mi12, Lanercost Way, Ipswich, Suffolk IP2 9DL3
£262.5K03/230.23 mi85, Prince Of Wales Drive, Ipswich, Suffolk IP2 9BP3
£241K09/210.24 mi17, Prince Of Wales Drive, Ipswich, Suffolk IP2 8PZ3
£223K06/230.24 mi11, Sawston Close, Ipswich, Suffolk IP2 9DQ3
£210K10/210.27 mi110, Prince Of Wales Drive, Ipswich, Suffolk IP2 9BJ3
£253K03/210.29 mi18, Evesham Close, Ipswich, Suffolk IP2 9DH3
£240K09/210.29 mi8, Tintern Close, Ipswich, Suffolk IP2 9BH3
£266K08/220.3 mi30, Tintern Close, Ipswich, Suffolk IP2 9BH3
£247K11/210.31 mi20, Byland Close, Ipswich, Suffolk IP2 9BQ3
£269K03/230.31 mi20, Byland Close, Ipswich, Suffolk IP2 9BQ3
£195K05/210.31 mi34, Byland Close, Ipswich, Suffolk IP2 9BQ3
£240K03/210.31 mi30, Tintern Close, Ipswich, Suffolk IP2 9BH3
£265K12/220.31 mi530, Wherstead Road, Ipswich, Suffolk IP2 8LN3
£287.5K05/230.32 mi6, Broomhayes, Ipswich, Suffolk IP2 9DA3
£230K11/200.32 mi11, Broomhayes, Ipswich, Suffolk IP2 9DA3
£287K04/230.32 mi12, Broomhayes, Ipswich, Suffolk IP2 9DA3
£230K11/200.32 mi11, Broomhayes, Ipswich, Suffolk IP2 9DA3
£240K01/230.33 mi144, Maidenhall Approach, Ipswich, Suffolk IP2 8PF3
£330K03/210.33 mi18, Ramsey Close, Ipswich, Suffolk IP2 9EA3
£217.5K04/210.34 mi5, Blyth Close, Ipswich, Suffolk IP2 9SE3
£210K06/210.35 mi418, Wherstead Road, Ipswich, Suffolk IP2 8LQ3
£265K02/230.35 mi396, Wherstead Road, Ipswich, Suffolk IP2 8LQ3
£295K08/220.35 mi22, Ramsey Close, Ipswich, Suffolk IP2 9EA3
£137K12/200.36 mi451, Wherstead Road, Ipswich, Suffolk IP2 8LH3
£192K03/230.36 mi451, Wherstead Road, Ipswich, Suffolk IP2 8LH3
£216K10/200.36 mi134, Maidenhall Approach, Ipswich, Suffolk IP2 8PF3
£184K11/200.38 mi34, Abbotsbury Close, Ipswich, Suffolk IP2 9SD3
£220K11/220.38 mi30, Abbotsbury Close, Ipswich, Suffolk IP2 9SD3
£236.3K04/210.38 mi12, Sagehayes Close, Ipswich, Suffolk IP2 9SQ3
£262K06/230.38 mi6, Sagehayes Close, Ipswich, Suffolk IP2 9SQ3

Local Rents

20 rents from £950/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99507/240.15 miFritton Close, IP23
£1,10005/240.15 miFritton Close, Ipswich, Suffolk, IP2 9TE3
£1,10004/240.17 miMontgomery Road, Ipswich, Suffolk, IP23
£1,05004/240.21 miFlint Close, Ipswich3
£1,25004/240.24 mi-3
£95005/240.31 miBostock Road, IP23
£1,09504/240.31 miBostock Road, Ipswich3
£1,20007/240.36 miRamsey Road, Ipswich3
£99506/240.38 miAbbotsbury Close, Ipswich3
£1,00004/240.39 miHeatherhayes, Ipswich, Suffolk, IP23
£1,25006/240.45 miFountains Road, Ipswich, Suffolk, IP23
£1,20007/240.45 miFountains Road, Ipswich, Suffolk, IP23
£1,20008/240.45 miFountains Road, Ipswich, Suffolk, IP23
£1,20008/240.46 miWherstead Road, Ipswich IP23
£1,25005/240.48 miGlastonbury Close, Ipswich3
£1,05006/240.49 miBriarhayes Close, Ipswich, IP23
£1,40003/250.49 mi-3
£1,10004/240.6 miCanterbury Close, Ipswich, Suffolk, IP23
£1,60001/250.6 mi-3
£1,35008/240.6 mi-3

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

1.66 miles away

Nearest school

0.30 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £265,000

October 3, 2024

Floor Plans

Description

NO CHAIN - A SPACIOUS THREE bedroom semi detached family home situated south west Ipswich boasting a corner plot, OFF ROAD PARKING & GARAGE. Accommodation includes a large entrance hall, lounge, dining room, conservatory, kitchen, 1st floor bathroom, gas central heating, double glazed windows and large corner plot gardens. Now in need of updating.

Ipswich - Ipswich is the county town of Suffolk and provides a comprehensive range of educational, commercial and recreational facilities and an excellent link to London Liverpool Street Railway Station (about 70 mins). The town has two shopping centres, shops, restaurants, bars, two multi screen cinemas, music & entertainment venues and many sports clubs and societies. The Waterfront docks has an on going regeneration providing an excellent marina, recently built high tech University & college, restaurants, bars and residential development.

Door To.. -

Entrance Hall: - Radiator, stairs off, doors to...

Sitting Room: - 4.37m x 3.02m (14'4 x 9'11) - Double glazed bay window to front, fire place and a radiator.

Dining Room: - 4.04m x 3.02m (13'3 x 9'11) - Double glazed patio doors to the conservatory and a radiator.

Conservatory: - 2.97m x 2.79m (9'9 x 9'2) - Tiled floor and double glazed doors and windows.

Kitchen: - Double glazed window to rear, built in cupboard, walk in pantry cupboard. Range of wall and low level units, worktop, sink and drainer, drawers, space for appliances and double glazed door to side.

1st Floor Landing: - Doors off. Airing cupboard with hot water tank, double glazed window to side.

Bedroom 1: - 4.06m x 3.02m (13'4 x 9'11) - Double glazed window to front, built in cupboard and a radiator.

Bedroom 2: - 4.24m x 3.02m (13'11 x 9'11) - Double glazed window to rear, cupboard with boiler fitted 2023.

Bedroom 3: - 3.35m x 2.08m (11 x 6'10) - Double glazed window to front, large built in cupboard and a radiator.

Bathroom: - Double glazed window to rear. Bath with a mixer shower tap, W.C, hand wash basin, tiled walls and a radiator.

Outside: - The property occupies a large corner plot with a lawn to front and side. There is a driveway providing off road parking and access to the garage. A gate leads to rear. The rear garden is laid to lawn with a patio, shed and 2 brick built sheds.

Ipswich Office: - 7 Great Colman Street, Ipswich, IP4 2AA TO VIEW PLEASE CALL or email

Agent Details

Hamilton Smith, Ipswich

01473 943920

Next Steps?

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