4 Bed Terraced House, Refurb/BRRR, Ipswich, IP2 8JH, £280,000

33 Wherstead Road, Ipswich, IP2 8JH - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~129 m²
+12 photos

ValuationFair Value

Sold Prices£172K - £640K
Sold Prices/m²£1.4K/m² - £4.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.2K/m²

Value Estimate

£278,375

 

 

End Value (After Refurb)

£304,452

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£60,526

Bridging Loan Interest

£7,350

Total Cash In

£156,326

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£304,452

Mortgage (After Refinance)

£228,339

Mortgage LTV

75%

Cash Released

£18,339

Cash Left In

£137,987

Equity

£76,113

Rent Range

£850 - £4,500

Rent Estimate

£1,585

Running Costs/mo

£1,288

Cashflow/mo

£297

Cashflow/yr

£3,559

ROI

2%

Gross Yield

7%

Local Sold Prices

51 sold prices from £172K to £640K, average is £347K. £1.4K/m² to £4.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£260K06/210 mi44, Wherstead Road, Ipswich, Suffolk IP2 8JH4
£250K10/220.11 mi31, Bradley Street, Ipswich, Suffolk IP2 8DU4
£240K02/210.16 mi9, Bruff Road, Ipswich, Suffolk IP2 8GU4
£172K06/210.29 mi12, Harland Street, Ipswich, Suffolk IP2 8JU4
£408K10/200.32 mi5, Willoughby Road, Ipswich, Suffolk IP2 8AP4
£425K06/210.32 mi7, Willoughby Road, Ipswich, Suffolk IP2 8AP4
£235K06/210.46 mi25, Maidenhall Approach, Ipswich, Suffolk IP2 8NZ4
£590K02/210.51 mi72, Ancaster Road, Ipswich, Suffolk IP2 9AJ4
£640K05/210.51 mi41, Ancaster Road, Ipswich, Suffolk IP2 9AJ4
£286K11/220.53 mi33, Pembroke Close, Ipswich, Suffolk IP2 8PE4
£358K12/200.56 mi6, Gorsehayes, Ipswich, Suffolk IP2 9AU4
£387.5K03/210.57 mi15, Draymans Way, Ipswich, Suffolk IP3 0QU4
£395K04/210.58 mi7, Brackenhayes Close, Ipswich, Suffolk IP2 9AY4
£306.7K03/230.58 mi131, Heatherhayes, Ipswich, Suffolk IP2 9SG4
£287.5K09/210.61 mi131, Heatherhayes, Ipswich, Suffolk IP2 9SG4
£217K06/210.63 mi30, Bishops Hill, Ipswich, Suffolk IP3 8EN4
£465K03/230.63 mi23, Grantham Crescent, Ipswich, Suffolk IP2 9PD4
£297K04/210.64 mi29, Salmet Close, Ipswich, Suffolk IP2 9BA4
£245K06/210.65 mi4, Sagehayes Close, Ipswich, Suffolk IP2 9SQ4
£500K02/210.69 mi25, Stone Lodge Lane, Ipswich, Suffolk IP2 9PF4
£245K09/210.72 mi38, Woodbridge Road, Ipswich, Suffolk IP4 2EG4
£287.5K06/210.72 mi40, Oulton Road, Ipswich, Suffolk IP3 0QD4
£460K03/210.73 mi29, Stone Lodge Lane, Ipswich, Suffolk IP2 9PF4
£472.5K03/210.81 mi142, Woodbridge Road, Ipswich, Suffolk IP4 2NS4
£410K03/210.81 mi144, Woodbridge Road, Ipswich, Suffolk IP4 2NS4
£270K11/200.81 mi16, Gladstone Road, Ipswich, Suffolk IP3 8AT4
£380K05/230.83 mi10, Severn Road, Ipswich, Suffolk IP3 0PZ4
£260K06/230.84 mi492, Wherstead Road, Ipswich, Suffolk IP2 8LN4
£375K07/230.85 mi18, Sandhurst Avenue, Ipswich, Suffolk IP3 8DU4
£375K07/230.85 mi18, Sandhurst Avenue, Ipswich, Suffolk IP3 8DU4
£330K06/210.85 mi149, Woodbridge Road, Ipswich, Suffolk IP4 2PF4
£390K06/210.85 mi133a, Woodbridge Road, Ipswich, Suffolk IP4 2PF4
£390K07/230.86 mi25, High Street, Ipswich, Suffolk IP1 3QH4
£325K02/210.86 mi16, Mersey Road, Ipswich, Suffolk IP3 0QP4
£345K05/210.86 mi33, High Street, Ipswich, Suffolk IP1 3QH4
£430K04/210.87 miAaron House, Finchley Road, Ipswich, Suffolk IP4 2HU4
£385K02/210.87 mi54, Christchurch Street, Ipswich, Suffolk IP4 2DH4
£385K02/210.87 mi54, Christchurch Street, Ipswich, Suffolk IP4 2DH4
£285K06/210.88 mi5, Sawston Close, Ipswich, Suffolk IP2 9DQ4
£347K01/210.88 mi39, Bolton Lane, Ipswich, Suffolk IP4 2BX4
£270K01/210.89 mi49, Felixstowe Road, Ipswich, Suffolk IP3 8DY4
£440K05/210.9 mi8, Burlington Road, Ipswich, Suffolk IP1 2EU4
£360K01/210.9 mi55, Monmouth Close, Ipswich, Suffolk IP2 8RS4
£315K04/210.9 mi28, Withipoll Street, Ipswich, Suffolk IP4 2BZ4
£278K05/230.9 mi6, Withipoll Street, Ipswich, Suffolk IP4 2BZ4
£555K11/200.91 mi217, Belstead Road, Ipswich, Suffolk IP2 9DW4
£495K07/230.91 mi201, Belstead Road, Ipswich, Suffolk IP2 9DW4
£240K01/210.91 mi6, Lee Road, Ipswich, Suffolk IP3 0PX4
£340K03/210.92 mi7, Stevenson Road, Ipswich, Suffolk IP1 2EY4
£320K12/200.93 mi53, Monmouth Close, Ipswich, Suffolk IP2 8RS4
£350K02/210.93 mi5, Upper High Street, Ipswich, Suffolk IP1 3NE4

Local Rents

51 rents from £850/mo to £4.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,19508/240.05 miPurplett Street, Ipswich3
£95004/240.05 mi-3
£1,20001/240.09 miHartley Street, Ipswich3
£92504/240.1 mi-3
£1,05003/240.1 mi-3
£1,10006/240.11 miAshley Street, IPSWICH3
£1,05003/240.14 mi-3
£90005/240.15 miSeymour Road, Ipswich, IP23
£1,10004/240.16 miRectory Road, Ipswich3
£1,05007/240.16 mi-3
£1,19508/240.16 mi-3
£1,00004/240.17 miIpswich, Suffolk3
£1,35009/240.17 miHawes Street, IPSWICH3
£85005/240.18 mi-3
£1,30008/240.18 miDiscovery Avenue, Off Wherstead Road, Ipswich, IP24
£1,25004/240.19 miRectory Road, Ipswich3
£1,10004/240.19 miRectory Road, Ipswich3
£1,10004/250.19 mi-3
£1,25009/240.2 mi-3
£2,10007/240.23 mi-3
£2,00004/240.23 mi-3
£1,80003/250.23 mi-3
£1,39503/250.25 mi-5
£1,30008/240.25 miBruff Road, Ipswich4
£1,90004/240.27 mi-4
£1,75004/240.27 mi-4
£1,75004/240.27 mi-4
£4,50002/250.28 mi-4
£1,40008/240.28 miHarland Street, Ipswich4
£1,40001/240.28 miHarland Street, Ipswich5
£1,20003/240.28 mi-3
£1,10001/240.3 miBurrell Road, Ipswich3
£1,70001/240.31 miKey Street, Ipswich, Suffolk, IP43
£1,29006/240.33 mi-4
£1,29007/240.33 mi-4
£1,25009/240.34 miChesham Road, Ipswich, IP23
£2,60004/240.34 mi-6
£1,60004/240.37 miPENTHOUSE APARTMENT Anchor Street, Ipswich Waterfront, Suffolk, IP33
£3,25001/240.42 miOak Hill Lane, Ipswich, Suffolk, IP24
£1,80001/240.42 miNeptune Square, Ipswich, Suffolk, IP44
£1,35004/240.42 miMaude Street Town House3
£1,40003/250.42 mi-3
£1,59504/240.43 miWentworth House, Burrell Road, Ipswich3
£2,58003/250.44 mi-6
£1,30001/240.45 miTurret Lane, Ipswich, Suffolk, IP43
£1,20008/240.45 miWherstead Road, Ipswich IP23
£1,05006/240.48 miBriarhayes Close, Ipswich, IP23
£1,60009/240.52 miWingfield Street, IPSWICH4
£3,00002/250.54 mi-4
£3,50003/240.55 mi-3
£2,50006/240.55 mi-3

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

0.80 miles away

Nearest school

0.30 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £280,000

November 7, 2024

Floor Plans

Description

  • No expense spared renovation throughout +
  • Beautiful Victorian Town House +
  • Large kitchen/diner/snug +
  • Multi-use cellar +
  • Four double bedrooms +
  • Fully tiled utility/cloakroom +
  • Great access to A12/A14 +
  • Close to Ipswich Town Centre, Marina & Train Station +

SUMMARY
This beautiful Victorian Town House spans over four floors and has been stylishly renovated throughout, boasting four double bedrooms, a large kitchen/diner/snug, a multi-use cellar and a fully tiled ground floor utility/cloakroom.

DESCRIPTION
.

Lounge 13' 8" x 13' 8" ( 4.17m x 4.17m )
This stunning town house has a stylish exterior with a composite front door leading to the lounge. There is a double glazed sash window to the front, a vertical wall hung radiator in grey, carpet flooring, TV point, a tiled alcove and ample space to entertain family and friends.

Kitchen/Diner 24' 1" x 10' 9" ( 7.34m x 3.28m )
Open plan, long sweeping kitchen/diner with ample storage space in the kitchen, carpet flooring in the dining area/snug, a fireplace, suspended lights and a glazed door leading to the garden. The kitchen itself boasts a range of eye and base level units in high gloss white with oak worktop surfaces, a butler sink with chrome mixer tap, an integrated oven with gas hob and extractor hood, tiled splashback, an integrated dishwasher, space for a fridge/freezer, tiled flooring, a door leading to the cellar, double glazed sash window to the side, a large breakfast bar with oak work top overhang with space for stools and a further tiled splashback with bespoke shelving.

Utility Room/Cloakroom 8' 2" x 3' 8" ( 2.49m x 1.12m )
This well-designed room encompasses modern living and benefits from fully tiled walls and flooring in a stylish grey tile, a base unit in white with oak work top, a standalone oval sink with standalone chrome mixer tap, space for a stacked washing machine and tumble dryer, an enclosed WC with stainless steel flush and oak surface, a wall mounted gas fired boiler, an extractor fan, loft hatch and a double glazed window to the rear.

Cellar 14' x 11' 5" ( 4.27m x 3.48m )
A fitted extractor fan, a screed floor, exposed brick work painted white, a fuse box, additional power sockets. This cellar could be used as a study, cinema room or hang out space/snug for family and friends.

First Floor Landing 
Carpet flooring, one radiator and a storage cupboard.

Master Bedroom 14' x 13' 8" ( 4.27m x 4.17m )
Stunning room boasting high ceilings, a double glazed sash window to the front, carpet flooring, one radiator, suspended light, two bespoke double built in wardrobes in a stylish navy and a door leading to the en suite.

En Suite 8' 4" x 4' ( 2.54m x 1.22m )
Original floorboards painted white, an enclosed WC, pedestal wash hand basin with chrome mixer tap, tiled splashback, a double shower with glass enclosure, waterfall showerhead, shower attachment and tiled splashback, white heated towel rail, extractor fan and spot lights.

Bathroom 8' 6" max x 7' 5" ( 2.59m max x 2.26m )
Beautiful, large, frosted double glazed window to the rear, allowing in ample natural light, original floorboards in white, a P bath with central chrome mixer tap, overhead shower, waterfall showerhead and glass screen, tiled splashback, tiled alcove providing storage, an enclosed WC with matching vanity sink and chrome mixer tap, one radiator, spot lights and an extractor fan.

Bedroom Four 11' 2" x 8' 6" ( 3.40m x 2.59m )
Double glazed frosted window to the side, carpet flooring and one radiator.

Second Floor Landing 
Carpet flooring and doors leading to both bedrooms.

Bedroom Two 13' 8" x 9' 7" ( 4.17m x 2.92m )
A Velux window to the front, carpet flooring, one radiator and ample space for a king size bed.

Bedroom Three 12' 1" x 8' 3" ( 3.68m x 2.51m )
Double glazed window to the rear, one radiator, carpet flooring, spot lights and a large cupboard providing storage in the eaves.

Outside: 

Rear Garden 
West facing rear garden with a large patio seating area, perfect for entertaining! A partial fenced and partial walled border, a rear gate, raised flower beds, slate borders, planters, a lawned area, a cabin, power points, an outside tap and light.

Cabin 10' 9" x 7' 5" ( 3.28m x 2.26m )
Fully insulated with a door to the front, double glazed windows to the side and front, a hardy plank exterior, which blends in perfectly with the stylish exterior of this stunning property, This cabin is currently used as a workshop.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Ipswich

01473 943298

Next Steps?

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