6 Bed HMO, Ipswich, IP4 2QJ, £325,000

209 Woodbridge Road, Ipswich, Suffolk, IP4 2QJ - 9 views - 5 months ago

HMO
ROI: 8%
155 m²
+19 photos

ValuationUndervalued

Sold Prices£355K - £960K
Sold Prices/m²£1.9K/m² - £3.1K/m²

 

 

Square Metres

155 m²
Price/m²£2.1K/m²

Value Estimate

£386,424
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£18,700

Total Cash In

£99,950

 

 

Cash Out

 

Room Rate

£556

Gross Rent

£3,336

Running Costs/mo

£2,381

Cashflow/mo

£955

Cashflow/yr

£11,459

ROI

11%

Gross Yield

12%

Local Sold Prices

13 sold prices from £355K to £960K, average is £590K. £1.9K/m² to £3.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£902.6K02/230.44 mi10, Westerfield Road, Ipswich, Suffolk IP4 2UJ6
£650K05/210.75 mi20, Burlington Road, Ipswich, Suffolk IP1 2EU6
£548K12/200.88 mi35, Constitution Hill, Ipswich, Suffolk IP1 3RL6
£650K02/211 mi68, Belstead Road, Ipswich, Suffolk IP2 8BG6
£800K06/211.03 mi23, Oak Hill Lane, Ipswich, Suffolk IP2 9AL6
£590K05/211.62 mi3, Thornley Drive, Ipswich, Suffolk IP4 3LR6
£400K05/211.84 mi1a, St Augustine Road, Ipswich, Suffolk IP3 8PT6
£960K06/211.85 miOld Glebe House, Westerfield Road, Westerfield, Ipswich, Suffolk IP6 9AG6
£415K04/231.94 mi65, Claverton Way, Rushmere St Andrew, Ipswich, Suffolk IP4 5XF6
£502.5K05/232.11 mi24, Goodwood Close, Ipswich, Suffolk IP1 6SY6
£355K12/202.37 mi1, Pashford Place, Ipswich, Suffolk IP3 9UL6
£715K06/212.6 mi16, Valleyview Drive, Rushmere St Andrew, Ipswich, Suffolk IP4 5UW6
£430K06/212.98 mi66, Fitzgerald Road, Bramford, Ipswich, Suffolk IP8 4AD6

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.25 miles away

Nearest school

0.10 miles away

Nearest train station

1.02 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 £325,000

February 24, 2025

Listed for £375,000

October 28, 2024

Sold for £375,000

2015

Sold for £330,000

2006

Floor Plans

Description

  • RARELY AVAILABLE +
  • SUBSTANTIAL FAMILY HOME OR POTENTIAL HMO +
  • TWO OFF ROAD PARKING SPACES +
  • SIX GOOD SIZED BEDROOMS, MOSTLY WITH BUILT IN WARDROBES / STORAGE +
  • TOWN CENTRE +
  • LARGE KITCHEN / BREAKFAST ROOM +
  • TWO MODERN BATHROOMS PLUS EN-SUITE +
  • RECENT REMEDIAL WORKS PLUS NEW CARPETS +
  • SUN ROOM +
  • FREEHOLD - COUNCIL TAX BAND B +

RARELY AVAILABLE - SUBSTANTIAL FAMILY HOME OR POTENTIAL HMO - TWO OFF ROAD PARKING SPACES - TOWN CENTRE - RECENT REMEDIAL WORKS PLUS NEW CARPETS - TWO MODERN BATHROOMS PLUS EN-SUITE - LARGE KITCHEN / BREAKFAST ROOM - SUN ROOM - SIX GOOD SIZED BEDROOMS, MOSTLY WITH BUILT IN WARDROBES / STORAGE

A unique opportunity to purchase in the centre of Ipswich as a considerable family house or equally a investment opportunity as a HMO with block paved parking for two vehicles all with no onward chain and no tenants in situ.

This vast accommodation was previously let as a home of multiple occupancy perfect for local students and working professionals this investment property was generating an income of circa £40,000 per annum. The property has however undergone recent modernisation in parts allowing the immediate occupancy for new residents or a new family. Included within this work was remedial works to the roof and ridge tiles and the rainwater goods at the rear. (sts). There are new carpets to a lot of the bedrooms and landings.

The property spans three storeys and offers six versatile bedrooms with one ensuite room on the ground floor. Together with a bathroom on both the first floor and the basement floor.

On the ground floor there is a reception hallway and inner hallway, bedroom with en-suite with corner bath and sink and separate W.C. and bidet and a large modern kitchen / breakfast room leading to the sun room and rear garden / parking.

On the first floor are three good sized bedrooms, a lobby / office / laundry area and a large modern family bathroom.

On the basement level there are two further bedrooms and a modern family bathroom. One of the bedrooms has a patio door which leads into the rear garden / parking area.

Continued Summary - There is rarely this size accommodation available up for sale and this close to the town centre having two parking spaces that are not on permit is equally rare.

In the valuer's opinion, this is a property that you need to view to fully appreciate the size and benefit of accommodation that is on offer.

Front Garden - Low maintenance front garden with steps up to the entrance door into reception hallway. There are also steps down to the basement window / access.

Hallway - Electric sockets, phone point, hard wired in smoke alarm, carpet flooring, radiator and door into the inner hallway.

Inner Hallway - Phone point, stairs up to the first floor, door to bedroom one, door to kitchen / breakfast room. Stairs down to the basement floor.

Bedroom One - 4.45m x 3.48m (14'7 x 11'5) - Double glazed window to the front, four built in wardrobes, radiator, door to the en-suite.

En-Suite - Oval bath with a Triton electric shower over, pedestal wash hand basin, radiator, tiled walls, carpet flooring, door to separate toilet, extractor fan?

Downstairs Cloakroom - Low flush WC bidet, double glazed window to the rear.

Kitchen / Breakfast Room - 4.52m x 2.49m (14'10 x 8'2) - Three steps down into the kitchen which comprises of wall and base units with cupboards and drawers under, work surfaces over, stainless steel sink bowl drainer unit with mixer tap over, two double glazed windows to the side, splashback tiling, tiled floor, doorway through to the sunroom, space for a full height fridge freezer, integrated fridge, integrated dishwasher (new), induction hob with integrated oven with extractor fan over, space and plumbing for a washing machine, wall mounted combination Vaillant boiler, spotlights, hard wired smoke alarm.

Sun Room - 2.49m x 2.16m (8'2 x 7'1) - Tiled floor, glazed windows, double glazed door out into the rear garden, uPVC roof, lights and power.

First Floor Landing - Doors to bedrooms two, three and four, door to the airing cupboard, door to the loft hatch, door to the office lobby and a radiator.

Bedroom Two - 3.38m x 2.82m (11'1 x 9'3) - Radiator, double glazed window to the rear, several built in cupboards and some shelving, carpet flooring.

Bedroom Three - 3.38m x 2.69m (11'1 x 8'10) - Double glazed window, radiator, carpet, picture rails and three built in wardrobes, aerial point.

Bedroom Four - 3.38m x 2.24m (11'1 x 7'4) - Double glazed window to the front, radiator, carpet flooring, picture rails.

Office / Lobby - 2.49m x 2.13m (8'2 x 7') - Two steps down, wooden floor, double glazed window to the side, door to the bathroom.

Bathroom First Floor - 2.49m x 2.13m (8'2 x 7') - Panelled bath with an electric Triton shower over, pedestal wash hand basin, low flush WC, shaver point, double glazed window to the side, tiled flooring, tiled walls and a radiator.

Inner Lobby - Step down, doors to bathroom and bedrooms five and six.

Bedroom Five - 4.24m x 3.25m (13'11 x 10'8) - Double glazed window to the front providing emergency access through to the stairs and front garden, radiator, original beams, built in wardrobe and built in cupboard housing the electric fuse board, shelving.

Bedroom Six - 3.51m x 3.23m (11'6 x 10'7) - Double glazed door to the outside, steps up into the garden, alcove under the stairs for storage, built in storage cupboard x 2, built in shelving, radiator, original beams.

Bathroom Ground Floor - 2.01m x 1.57m (6'7 x 5'2) - Panelled bath with electric Triton shower over, pedestal wash hand basin, low flush WC, tiled flooring, tiled walls, extractor fan and original beams.

Rear Garden - Double gates and off road car parking for two vehicles on a block paved area suitable for an eating area, access to the rear of the ground floor and also to stairs for the cellar.

Agents Note - Tenure - Freehold
Council Tax Band - B

Agent Details

Foxhall Estate Agents, Ipswich

01473 943315

Next Steps?

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