3 Bed Terraced House, Planning Permission, Ipswich, IP1 2LF, £125,000

Surrey Road, Ipswich, Suffolk, IP1 2LF - 10 views - 4 months ago

Sold STC
Cash
Planning
ROI: 3%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£105K - £350K
Sold Prices/m²£1K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£142,800
BMV2%

 

 

End Value (After Refurb)

£200,431

Uplift in Value

+43%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£43,322

Bridging Loan Interest

£3,281

Total Cash In

£85,003

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,431

Mortgage (After Refinance)

£150,323

Mortgage LTV

75%

Cash Released

£56,573

Cash Left In

£28,429

Equity

£50,108

Rent Range

£900 - £2,200

Rent Estimate

£1,097

Running Costs/mo

£866

Cashflow/mo

£231

Cashflow/yr

£2,775

ROI

3%

Gross Yield

11%

Local Sold Prices

50 sold prices from £105K to £350K, average is £195K. £1K/m² to £3.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£130K03/230.08 mi3, Surrey Road, Ipswich, Suffolk IP1 2LE3
£195K09/210.1 mi86, Victoria Street, Ipswich, Suffolk IP1 2JX3
£110K04/210.12 mi63, Elliott Street, Ipswich, Suffolk IP1 2HJ3
£144.2K07/210.12 mi61, Sirdar Road, Ipswich, Suffolk IP1 2LB3
£135K03/210.14 mi23, Elliott Street, Ipswich, Suffolk IP1 2HN3
£105K07/210.17 mi6, Firmin Close, Ipswich, Suffolk IP1 2BF3
£147K09/210.18 mi57, Sirdar Road, Ipswich, Suffolk IP1 2LD3
£285K03/230.18 mi43, Clarkson Street, Ipswich, Suffolk IP1 2JN3
£168K11/200.19 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£168K11/200.19 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£165K03/230.19 mi6, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£165K07/210.19 mi11, Wilberforce Street, Ipswich, Suffolk IP1 2JP3
£178K07/210.25 mi120, Bramford Road, Ipswich, Suffolk IP1 2LL3
£240K02/230.26 mi11, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£167K08/210.29 mi27, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£125K04/210.3 mi179, Bramford Road, Ipswich, Suffolk IP1 4AA3
£265K07/230.3 mi35, Tower Mill Road, Ipswich, Suffolk IP1 4QF3
£121K12/200.3 mi23, Chevallier Street, Ipswich, Suffolk IP1 2PF3
£205K06/230.3 mi9, Wellington Street, Ipswich, Suffolk IP1 2NT3
£230K01/230.31 mi152, Bramford Road, Ipswich, Suffolk IP1 4AB3
£205K09/210.31 mi36, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£190K10/200.31 mi30, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£240K01/230.31 mi20, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£242K07/230.32 mi25, Hadleigh Road, Ipswich, Suffolk IP2 0EP3
£195K04/230.34 mi7, Bramford Lane, Ipswich, Suffolk IP1 4DB3
£270K11/210.35 mi100, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£180K02/210.35 mi74, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£350K03/210.36 mi30, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£325K03/230.36 mi41, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£284K04/210.37 mi25, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£170K07/230.39 mi141, Ranelagh Road, Ipswich, Suffolk IP2 0AF3
£240K09/210.4 mi30, Dhobi Place, Ipswich, Suffolk IP1 4QA3
£243K02/210.4 mi64, Anglesea Road, Ipswich, Suffolk IP1 3PN3
£229K07/230.4 mi18, Blenheim Road, Ipswich, Suffolk IP1 4EB3
£233K12/220.41 mi75, Bramford Lane, Ipswich, Suffolk IP1 4DF3
£167.5K08/210.42 mi4, Cardigan Street, Ipswich, Suffolk IP1 3PF3
£175K08/210.44 mi41, Windsor Road, Ipswich, Suffolk IP1 4AN3
£236.5K03/210.44 mi66, Newson Street, Ipswich, Suffolk IP1 3NY3
£340K07/210.44 mi6, Valley Road, Ipswich, Suffolk IP1 4ED3
£215K11/210.45 mi59, All Saints Road, Ipswich, Suffolk IP1 4DG3
£260K01/230.45 mi22, All Saints Road, Ipswich, Suffolk IP1 4DG3
£220K03/210.45 mi39, All Saints Road, Ipswich, Suffolk IP1 4DG3
£161K02/210.47 mi26, Hampton Road, Ipswich, Suffolk IP1 4AP3
£185K02/210.47 mi31, All Saints Road, Ipswich, Suffolk IP1 4DG3
£230K03/210.47 mi32, Geneva Road, Ipswich, Suffolk IP1 3NP3
£185K11/210.47 mi90, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£216.5K11/220.47 mi92, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£155K04/210.48 mi32, Riverside Road, Ipswich, Suffolk IP1 4AR3
£170K03/210.48 mi6, Riverside Road, Ipswich, Suffolk IP1 4AR3
£200K01/230.49 mi97, Richmond Road, Ipswich, Suffolk IP1 4DL3

Local Rents

25 rents from £900/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95003/240.14 miElliott Street, Ipswich3
£98504/240.15 mi-3
£99506/240.17 miDillwyn Street West, Ipswich3
£99506/240.17 miDillwyn Street West, Ipswich3
£1,15002/240.17 mi-3
£1,00005/240.21 miBulwer Road, Ipswich3
£1,00005/240.21 miBulwer Road3
£1,25003/240.38 mi-3
£1,20012/240.42 mi-3
£1,20003/250.42 mi-3
£1,12504/240.47 miBramford Lane, IPSWICH3
£95008/240.51 miRanelagh Road, Ipswich3
£1,19504/240.52 miBramford Road, Ipswich, Suffolk, IP13
£1,25005/240.53 mi-3
£1,15003/250.53 mi-3
£1,20003/240.54 miCurriers Lane, Ipswich3
£1,00006/240.55 miBramford Road, Ipswich3
£90003/240.56 miBramford Road, Ipswich3
£2,20003/250.56 mi-3
£1,45004/240.57 miBroom Hill Road, IPSWICH3
£1,25004/240.57 miMuseum Street, Ipswich3
£92504/240.58 miBramford Lane, Ipswich3
£1,35008/240.59 miLupin Road, IPSWICH3
£1,00004/240.62 miBramford Road, IP1, Ipswich 3
£95004/240.62 miKingston Road, Ipswich3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.29 miles away

Nearest school

0.10 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Price changed to £125,000

January 4, 2025

Listed for £140,000

December 6, 2024

Description

  • THREE BEDROOM TERRACED HOUSE +
  • WORKS REQUIRED THROUGHOUT +
  • CASH OFFERS ONLY +
  • UPVC DOUBLE GLAZED WINDOWS & DOORS +
  • GAS CENTRAL HEATING +

LOCATION
The property is situated to the North West of Ipswich within a short walking distance to the Town Centre and with good access to local amenities, shops and schools.

DESCRIPTION
The property comprises a mid terraced property of traditional construction with brick facing elevations under pitched and tiled roof. Windows and doors are UPVC double glazed throughout.
The property has suffered from some historical structural movement to the front elevation and between the main part of the house and the rear 2 storey addition. Therefore, the seller is looking for cash offers only.

Lounge/Diner - 3.21m x 6.81m with fitted carpet, two radiators, two chimney breasts, gas and electric meters and UPVC double glazed windows to front and rear of the property.

Kitchen - 2.00m x 3.53m with a range of kitchen units comprising base cupboards and wall units with roll top work tops, inset stainless steel sink, draining board and mixer tap, ceramic tile flooring and UPVC double glazed window and door to rear garden.

Rear Lobby with continuation of ceramic tile flooring and store cupboard.

Bathroom - 2.00m x 2.11m with continuation of ceramic tile flooring, white suite of panelled bath, pedestal wash basin and low level WC with shower over bath, partially tiled walls, radiator and UPVC double glazed windows to side and rear of property.

First Floor

Stairs and Landing - with fitted carpet, loft hatch, electric fuse board and doors to all rooms.

Bedroom 1-3.21m x 3.33m - with fitted carpet, radiator, UPVC double glazed window to front and fireplace.

Bedroom 2 - 2.32m x 3.38m - with fitted carpet, radiator, UPVC double glazed window to rear and fireplace

Bedroom 3-2.00m x 2.73m - with fitted carpet, radiator, UPVC double glazed window to rear and gas boiler.

Outside

Rear Garden - Comprising a concrete path and steps down to concrete patio and rough grassed area, enclosed by timber fencing and rear gate.

SERVICES - Mains water, electricity, gas and mains drainage connected to the property. Central heating and hot water is provided by a gas boiler located in Bedroom3.

COUNCIL TAX - Band A

EPC - Energy Efficiency Rating 67D (certificate available upon request).

TENURE - The property is available Freehold with vacant possession on completion.

VIEWING - strictly by appointment with sole agents Countywide Properties Ltd.

These particulars do not constitute any part of an offer or contract. All measurements are given as a guide, and no liability can be accepted for any errors arising from them. No responsibility is taken for any error, omission or mis-statement in these particulars or for any expenses incurred by the applicants for whatever reasons. No representation or warranty is made in relation to this property whether in these particulars, during negotiations or otherwise. These details are for guidance only and complete accuracy is not guaranteed. No guarantee can be given for planning permission or title and no apparatus, services, fixtures and fittings have been tested. Items shown in photographs are not necessarily included. Interested parties are advised to check availability and any point of individual importance prior to travelling to view a property. The Data Protection Act 2008 and GDPR 2018 please note that all personal information provided by clients wishing to receive information and/or services from the estate agent will be proposed by the estate agent. If you do not wish your personal information to be used please notify the estate agent.

Agent Details

Countywide Properties Limited, Ipswich

01473 219810

Next Steps?

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