3 Bed Terraced House, Cash/Bridging Only, Ipswich, IP3 8BQ, £180,000

311 Cavendish Street, East Ipswich, IP3 8BQ - 2 views - 5 months ago

Cash
ROI: 2%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£105K - £370K
Sold Prices/m²£1.5K/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£191,900
BMV1%

 

 

End Value (After Refurb)

£250,385

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£43,200

Bridging Loan Interest

£4,725

Total Cash In

£101,575

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£250,385

Mortgage (After Refinance)

£187,788

Mortgage LTV

75%

Cash Released

£52,788

Cash Left In

£48,787

Equity

£62,596

Rent Range

£950 - £1,750

Rent Estimate

£1,183

Running Costs/mo

£1,039

Cashflow/mo

£144

Cashflow/yr

£1,727

ROI

2%

Gross Yield

8%

Local Sold Prices

51 sold prices from £105K to £370K, average is £215K. £1.5K/m² to £3.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£245K11/200.04 mi108, Alan Road, Ipswich, Suffolk IP3 8EZ3
£168K03/230.04 mi266, Cavendish Street, Ipswich, Suffolk IP3 8BQ3
£210K05/230.04 mi292, Cavendish Street, Ipswich, Suffolk IP3 8BQ3
£179.5K04/210.06 mi144, Foxhall Road, Ipswich, Suffolk IP3 8HW3
£215K11/200.12 mi73, Rosehill Road, Ipswich, Suffolk IP3 8ET3
£285K03/230.12 mi124, Rosehill Road, Ipswich, Suffolk IP3 8ET3
£200K11/200.13 mi32, Alan Road, Ipswich, Suffolk IP3 8EY3
£300K04/230.13 mi80, Alan Road, Ipswich, Suffolk IP3 8EY3
£195.5K10/200.13 mi19, Faraday Road, Ipswich, Suffolk IP4 1PU3
£188.8K03/210.13 mi6, Faraday Road, Ipswich, Suffolk IP4 1PU3
£310K02/210.13 mi20, Sandhurst Avenue, Ipswich, Suffolk IP3 8DU3
£178K12/200.14 mi9, Fuchsia Lane, Ipswich, Suffolk IP4 1QB3
£210K03/230.14 mi27, Faraday Road, Ipswich, Suffolk IP4 1PU3
£318K07/230.15 mi14, Sandhurst Avenue, Ipswich, Suffolk IP3 8DU3
£318K07/230.15 mi14, Sandhurst Avenue, Ipswich, Suffolk IP3 8DU3
£242K02/210.16 mi21, Ruskin Road, Ipswich, Suffolk IP4 1PT3
£255K12/200.16 mi20, Ruskin Road, Ipswich, Suffolk IP4 1PT3
£273.5K05/230.16 mi52, Ruskin Road, Ipswich, Suffolk IP4 1PT3
£262.5K10/210.16 mi8, Alston Road, Ipswich, Suffolk IP3 8EU3
£182.5K01/210.16 mi72, York Road, Ipswich, Suffolk IP3 8BU3
£270K12/220.16 mi38, Alan Road, Ipswich, Suffolk IP3 8EY3
£275K10/210.16 mi1b, Wellesley Road, Ipswich, Suffolk IP4 1PP3
£333K02/230.16 mi2, Wellesley Road, Ipswich, Suffolk IP4 1PP3
£235K01/230.16 mi17, Tomline Road, Ipswich, Suffolk IP3 8BZ3
£209.3K05/210.16 mi152, Cavendish Street, Ipswich, Suffolk IP3 8BG3
£167.5K05/210.16 mi199, Cavendish Street, Ipswich, Suffolk IP3 8BG3
£210K11/210.16 mi181, Cavendish Street, Ipswich, Suffolk IP3 8BG3
£200K12/220.16 mi157, Cavendish Street, Ipswich, Suffolk IP3 8BG3
£370K02/230.16 mi6, Sandhurst Avenue, Ipswich, Suffolk IP3 8DU3
£180K01/210.17 mi39, Tomline Road, Ipswich, Suffolk IP3 8BZ3
£230K12/220.17 mi76, Gladstone Road, Ipswich, Suffolk IP3 8AT3
£190K12/200.17 mi60, Newton Road, Ipswich, Suffolk IP3 8HQ3
£195K11/200.17 mi89, Newton Road, Ipswich, Suffolk IP3 8HQ3
£217K05/210.2 mi116, Newton Road, Ipswich, Suffolk IP3 8HQ3
£310K10/210.2 mi4, Darwin Road, Ipswich, Suffolk IP4 1QF3
£280K02/210.2 mi19, Felixstowe Road, Ipswich, Suffolk IP3 8DT3
£186K11/200.2 mi48, Gladstone Road, Ipswich, Suffolk IP3 8AT3
£160K03/230.2 mi80, Gladstone Road, Ipswich, Suffolk IP3 8AT3
£162K11/200.21 mi40, Rosehill Crescent, Ipswich, Suffolk IP3 8ER3
£250K11/210.21 mi83, Tomline Road, Ipswich, Suffolk IP3 8DB3
£186K06/230.21 mi70, Tomline Road, Ipswich, Suffolk IP3 8DB3
£208K06/230.21 mi19, Rosebery Road, Ipswich, Suffolk IP4 1PS3
£218.5K05/210.22 mi27, Devonshire Road, Ipswich, Suffolk IP3 8AU3
£285K10/210.22 mi28, Rosehill Crescent, Ipswich, Suffolk IP3 8ER3
£258K04/210.22 mi1, Nacton Road, Ipswich, Suffolk IP3 0NE3
£161.5K02/210.22 mi28, Melville Road, Ipswich, Suffolk IP4 1PN3
£216K03/210.22 mi30, Melville Road, Ipswich, Suffolk IP4 1PN3
£215K11/220.22 mi16, Melville Road, Ipswich, Suffolk IP4 1PN3
£195K11/200.23 mi23, Nacton Road, Ipswich, Suffolk IP3 0NE3
£185K01/210.23 mi9, York Road, Ipswich, Suffolk IP3 8BX3
£105K12/200.24 mi55, Fuchsia Lane, Ipswich, Suffolk IP4 5AA3

Local Rents

50 rents from £950/mo to £1.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.08 miUpper Cavendish Street, Ipswich, IP33
£1,20005/240.09 miFoxhall Road, Ipswich, Suffolk, IP33
£1,05004/240.14 miFoxhall Road, Ipswich3
£1,45008/240.16 miRuskin Road, Ipswich, Suffolk, IP43
£1,59507/240.16 miRuskin Road, Ipswich3
£1,10001/240.17 miDarwin Road, Ipswich, Suffolk, IP43
£1,20006/240.17 miDarwin Road, Ipswich3
£97506/240.19 miRosebery Road, Ipswich, Suffolk, UK, IP43
£97507/240.19 miRosebery Road, Ipswich, Suffolk, UK, IP43
£95007/240.19 miRosebery Road, Ipswich, Suffolk, IP43
£1,10004/240.2 miYork Road, Ipswich, Suffolk, IP33
£1,15004/240.21 miFoxhall Road3
£1,15004/240.21 miFoxhall Road, Ipswich, IP33
£1,10002/250.24 mi-3
£97501/240.24 miWellesley Road,Ipswich,IP43
£1,37504/240.24 mi-3
£95004/240.24 miClifford Road, IP43
£1,00007/240.24 miClifford Road, Ipswich, Suffolk3
£1,10004/240.28 miStanley Avenue, Ipswich3
£1,15004/240.28 miStanley Avenue, Ipswich3
£1,10004/240.29 mi-3
£1,10004/240.29 miPearce Road, Ipswich, Suffolk, IP33
£97501/240.32 miSalisbury Road, Ipswich, IP33
£1,24012/240.33 mi-3
£1,30006/240.35 miCauldwell Hall Road, Ipswich, IP43
£1,30007/240.35 miCauldwell Hall Road, Ipswich, IP43
£1,65008/240.36 mi-3
£99507/240.39 miSt Johns Road, Ipswich, IP43
£95006/240.4 miSpring Road, Ipswich3
£95006/240.4 miSpring Road, Ipswich3
£1,10010/240.41 mi-3
£1,25004/240.42 miFoxhall Road, Ipswich, Suffolk, IP33
£1,20007/240.42 miGrove Lane, Ipswich, IP43
£1,17507/240.46 miSpring Road, Ipswich3
£99504/240.46 miUpland Road, Ipswich, IP43
£99507/240.46 miUpland Road, Ipswich, IP43
£1,10007/240.47 miCoronation Road, Ipswich3
£1,10005/240.47 miKings Avenue, Ipswich3
£1,20008/240.47 miKings Avenue, Ipswich, IP43
£1,40004/240.48 mi-3
£97504/240.49 miCamden Road, Ipswich, IP33
£1,20008/240.5 miOxford Road, Ipswich, IP43
£1,25003/250.52 mi-3
£1,40005/240.53 miExeter Road, IPSWICH3
£1,35004/240.53 miMaude Street Town House3
£1,15007/240.53 miHenslow Road, Ipswich3
£1,30005/240.55 mi-3
£1,75010/240.56 mi-3
£1,20004/240.57 mi-3
£1,20004/250.57 mi-3

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

0.55 miles away

Nearest school

0.30 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Price changed to £180,000

December 27, 2024

Listed for £190,000

November 29, 2024

Sold for £103,000

2011

Floor Plans

Description

  • THREE BEDROOM END OF TERRACE HOUSE SIUTATED IN IPSWICH'S POPULAR IP3 EAST IPSWICH LOCATION +
  • WITHIN WALKING DISTANCE OF TOWN CENTRE AND WATERFRONT +
  • LARGE LOUNGE / DINER +
  • GROUND FLOOR WET ROOM +
  • FULLY ENCLOSED REAR AND FRONT GARDENS +
  • GOOD SCHOOL CATCHMENTS (SUBJECT TO AVAILABILITY) +
  • PLEASE NOTE THE PROPERTY HAS SPRAY FOAM INSULATION IN THE LOFT NO PARTY FIREWALL AND IS IDEALLY AIMED AT CASH BUYERS ONLY +
  • FREEHOLD - COUNCIL TAX BAND B +

THREE BEDROOM END OF TERRACE HOUSE SIUTATED IN IPSWICH'S POPULAR IP3 EAST IPSWICH LOCATION - WITHIN WALKING DISTANCE OF TOWN CENTRE AND WATERFRONT - LARGE LOUNGE / DINER - GROUND FLOOR WET ROOM -FULLY ENCLOSED REAR AND FRONT GARDENS - GOOD SCHOOL CATCHMENTS (SUBJECT TO AVAILABILITY)

*Foxhall Estate Agents* are delighted to offer for sale this three bedroom end of terrace house situated in Ipswich's popular east location.

The property boasts three bedrooms, ground floor wet room, kitchen, lounge / diner, entrance hall.

Ipswich's popular east location offers a range of local amenities including supermarkets, easy access to town centre and waterfront, good school catchments (subject to availability) and access onto the A12 / A14.

In the valuer's opinion an early internal viewing is highly advised.

Front Garden - Enclosed via a low height brick wall, pathway to the front door, entry via a iron railed gate.

Entrance Hall - Entry via double glazed obscure door to the front with a stained glass feature, double glazed obscure window above, high picture rails and a door to the lounge / diner.

Lounge / Diner - 3.43 x 2.86 - 3.37 x 3.90 (11'3" x 9'4" - 11'0" x - Double glazed window facing the front, double glazed French style doors facing the rear with a double glazed window above, access to the stairs, door to the kitchen, coving, feature unused fireplace which is a lovely feature with a tiled surround and wooden mantel, mid-height dado rails, half carpet and half lino flooring, two radiators.

Kitchen - 3.33 x 2.25 (10'11" x 7'4") - Two double glazed windows facing the side, fully tiled walls, wall and base fitted units with cupboards and drawers, space for a fridge freezer, wall mounted Potterton combination boiler installed in 2012 and regularly serviced since, built in double electric oven and built in electric grill, integrated electric hob with a cooker hood above, ceramic large single sink bowl and drainer unit with a mixer tap and access to the rear lobby and tiled flooring.

Rear Lobby - Door to the ground floor wet room and access to the utility space.

Utility Space - Worksurface, single glazed obscure window to the side, plumbing for a washing machine and space for a tumble dryer.

Ground Floor Wet Room - 1.82 x 2.09 (5'11" x 6'10") - Double glazed obscure window to rear, fully tiled walls, extractor fan, radiator, wet room style flooring (non slip) with a drainage system, low flush W.C, electric shower with a shower curtain and a wall mounted wash hand basin with hot and cold taps.

First Floor Landing - Doors to bedrooms one, two and three, access to the loft (please note there is no firewall and the loft has spray foam insulation, the loft has a light but currently does not work, no ladder and it is not boarded), double glazed obscure window to the side.

Bedroom One - 3.34 x 3.58 (10'11" x 11'8") - Mid-height dado rail, two double glazed windows facing the front, radiator, laminate flooring and a feature fireplace.

Bedroom Two - 3.31 x 2.92 (10'10" x 9'6") - Double glazed window facing the rear, radiator and fitted wardrobes.

Bedroom Three - 2.47 x 2.25 (8'1" x 7'4") - Double glazed window facing the rear, laminate flooring.

Rear Garden - Fully enclosed south westerly facing rear garden with two sheds, two patio areas one raised with flowerbed borders, laid to lawn, an outside tap and a gate to the side leading to a passageway leading to the front of the property.

Agents Note - Tenure - Freehold
Council Tax Band - B

PLEASE NOTE THE PROPERTY HAS SPRAY FOAM INSULATION IN THE LOFT, NO PARTY FIREWALL AND IS IDEALLY AIMED AT CASH BUYERS ONLY

Agent Details

Foxhall Estate Agents, Ipswich

01473 943315

Next Steps?

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

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