3 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP4 5ET, £160,000

312D Parliament Road, East Ipswich, IP4 5ET - 23 views - 4 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 1%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£122.5K - £421.5K
Sold Prices/m²£1.6K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£160,000

 

 

End Value (After Refurb)

£270,842

Uplift in Value

+69%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£43,200

Bridging Loan Interest

£4,200

Total Cash In

£95,150

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£270,842

Agent Fees (1%)

£2,708

Bridging Loan

£120,000

Bridging Loan Interest

£4,200

Flip Profit

£52,984

Local Sold Prices

50 sold prices from £122.5K to £421.5K, average is £235K. £1.6K/m² to £3.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£186K10/200.08 mi147, Freehold Road, Ipswich, Suffolk IP4 5JP3
£167K02/210.08 mi149, Freehold Road, Ipswich, Suffolk IP4 5JP3
£200K02/210.08 mi108, Freehold Road, Ipswich, Suffolk IP4 5JL3
£215K05/210.11 mi125, Parliament Road, Ipswich, Suffolk IP4 5EP3
£212K03/210.12 mi20, Regina Close, Ipswich, Suffolk IP4 5HG3
£240K11/200.13 mi127, Britannia Road, Ipswich, Suffolk IP4 5JX3
£230K01/230.13 mi227, Britannia Road, Ipswich, Suffolk IP4 5HF3
£310K12/210.13 mi12, Randolph Close, Ipswich, Suffolk IP4 5GB3
£220K03/230.14 mi16, Newbury Road, Ipswich, Suffolk IP4 5EX3
£197.5K11/220.14 mi34, Coronation Road, Ipswich, Suffolk IP4 5EN3
£325K12/210.14 mi44, Newbury Road, Ipswich, Suffolk IP4 5EX3
£270K01/210.15 mi1a, Eden Road, Ipswich, Suffolk IP4 5EH3
£320K11/210.15 mi77, Freehold Road, Ipswich, Suffolk IP4 5HZ3
£325K12/210.17 mi8, Clementine Gardens, Ipswich, Suffolk IP4 5GA3
£325K04/210.17 mi6, Clementine Gardens, Ipswich, Suffolk IP4 5GA3
£135K03/210.17 mi90, Freehold Road, Ipswich, Suffolk IP4 5HY3
£162K06/210.17 mi90, Freehold Road, Ipswich, Suffolk IP4 5HY3
£225K07/230.17 mi62, Freehold Road, Ipswich, Suffolk IP4 5HY3
£212K03/210.17 mi110, Henslow Road, Ipswich, Suffolk IP4 5EJ3
£255K12/200.17 mi89, Henslow Road, Ipswich, Suffolk IP4 5EJ3
£267.5K05/230.17 mi121, Henslow Road, Ipswich, Suffolk IP4 5EJ3
£310K03/230.19 mi12, Roy Avenue, Ipswich, Suffolk IP3 8LN3
£195K03/210.2 mi445, Foxhall Road, Ipswich, Suffolk IP3 8LL3
£275K12/210.2 mi1, Thanet Road, Ipswich, Suffolk IP4 5LB3
£286K09/210.21 mi3, Thanet Road, Ipswich, Suffolk IP4 5LB3
£248.5K01/210.21 mi53, Thanet Road, Ipswich, Suffolk IP4 5LB3
£200K02/210.21 mi430, Foxhall Road, Ipswich, Suffolk IP3 8JF3
£225K06/210.22 mi42, Starfield Close, Ipswich, Suffolk IP4 5JQ3
£245K01/230.22 mi54, Starfield Close, Ipswich, Suffolk IP4 5JQ3
£225K06/210.22 mi42, Starfield Close, Ipswich, Suffolk IP4 5JQ3
£175K07/210.23 mi44, Kemball Street, Ipswich, Suffolk IP4 5EE3
£240K04/210.23 mi64, Newbury Road, Ipswich, Suffolk IP4 5EY3
£325K02/230.23 mi50, Britannia Road, Ipswich, Suffolk IP4 5LD3
£307K09/210.24 mi493, Foxhall Road, Ipswich, Suffolk IP3 8LW3
£421.5K11/210.24 mi29, Cowper Street, Ipswich, Suffolk IP4 5JB3
£340K12/220.25 mi24, Goring Road, Ipswich, Suffolk IP4 5LR3
£246K08/210.26 mi21, Bloomfield Street, Ipswich, Suffolk IP4 5JG3
£240K05/210.26 mi29, Bloomfield Street, Ipswich, Suffolk IP4 5JG3
£190K10/220.26 mi10, Bloomfield Street, Ipswich, Suffolk IP4 5JG3
£183K04/210.26 mi46, Camden Road, Ipswich, Suffolk IP3 8JW3
£207K01/210.28 mi80, Dover Road, Ipswich, Suffolk IP3 8JQ3
£122.5K04/210.29 mi21, Celestion Drive, Ipswich, Suffolk IP3 8GF3
£275K12/220.29 mi39, Bull Road, Ipswich, Suffolk IP3 8GN3
£210K05/210.29 mi293, Cauldwell Hall Road, Ipswich, Suffolk IP4 5AJ3
£240K03/230.3 mi3, Mandy Close, Ipswich, Suffolk IP4 5JE3
£255K02/210.3 mi7, Mandy Close, Ipswich, Suffolk IP4 5JE3
£205K07/210.31 mi486, Spring Road, Ipswich, Suffolk IP4 5LZ3
£219K12/220.32 mi2, Cowper Street, Ipswich, Suffolk IP4 5JD3
£210K01/210.32 mi318, Cauldwell Hall Road, Ipswich, Suffolk IP4 5AQ3
£275.6K07/230.32 mi27, Pearce Road, Ipswich, Suffolk IP3 8HU3

Local Rents

49 rents from £950/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20004/240.05 miBritannia Road, IPSWICH3
£1,20007/240.05 miBritannia Road, IPSWICH3
£1,20007/240.05 miBritannia Road, IPSWICH3
£1,15007/240.07 miHenslow Road, Ipswich3
£1,10007/240.14 miCoronation Road, Ipswich3
£1,20003/250.17 mi-3
£1,45011/240.18 mi-3
£1,65008/240.21 mi-3
£1,25004/240.22 miFoxhall Road, Ipswich, Suffolk, IP33
£1,35008/240.24 miGoring Road, IPSWICH3
£1,25002/240.25 mi-3
£95002/240.28 mi-3
£1,10012/240.29 mi-3
£1,30006/240.29 miCauldwell Hall Road, Ipswich, IP43
£1,30007/240.29 miCauldwell Hall Road, Ipswich, IP43
£1,20001/240.31 miErnleigh Road, Ipswich, IP43
£1,19505/240.31 miFoxhall Road, Ipswich, Suffolk, IP33
£1,10004/240.32 miPearce Road, Ipswich, Suffolk, IP33
£97504/240.37 miCamden Road, Ipswich, IP33
£1,15004/240.38 miStanley Avenue, Ipswich3
£1,10004/240.38 miStanley Avenue, Ipswich3
£1,10004/240.38 mi-3
£1,25001/240.39 miWoodbridge Road, Ipswich3
£1,05009/240.4 mi-3
£1,05009/240.4 miSpring Road, Ipswich, IP43
£99507/240.43 miSt Johns Road, Ipswich, IP43
£1,20006/240.44 miDarwin Road, Ipswich3
£1,40004/240.44 mi-3
£1,10001/240.44 miDarwin Road, Ipswich, Suffolk, IP43
£1,40005/240.44 miExeter Road, IPSWICH3
£99504/240.45 miUpland Road, Ipswich, IP43
£99507/240.45 miUpland Road, Ipswich, IP43
£1,75010/240.45 mi-3
£1,30004/240.48 miHeath Lane, IP43
£1,20005/240.5 miFoxhall Road, Ipswich, Suffolk, IP33
£1,10005/240.5 miUpper Cavendish Street, Ipswich, IP33
£1,59507/240.52 miRuskin Road, Ipswich3
£1,45008/240.54 miRuskin Road, Ipswich, Suffolk, IP43
£1,37504/240.54 mi-3
£1,35004/240.54 mi-3
£97501/240.55 miWellesley Road,Ipswich,IP43
£1,10004/240.55 miYork Road, Ipswich, Suffolk, IP33
£1,10002/250.55 mi-3
£1,05010/230.55 mi-3
£1,05001/250.55 mi-3
£1,07003/250.55 mi-3
£1,40004/240.55 miHeath Road, IPSWICH3
£1,30007/240.55 miHeath Road, Ipswich, IP43
£1,30008/240.55 miHeath Road, Ipswich, IP43

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.94 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Listed for £160,000

December 9, 2024

Floor Plans

Description

  • CASH BUYERS ONLY +
  • NO CHAIN INVOLVED +
  • THREE GOOD SIZE FIRST FLOOR BEDROOMS +
  • DROPPED KERB AND DRIVEWAY PARKING FOR ONE VEHICLE +
  • REPLACEMENT BOILER 2021 (SERVICED JUNE 2024) +
  • LOUNGE PLUS SEPARATE DINING ROOM +
  • GOOD SIZE DOWNSTAIRS BATHROOM 8'10 x 4'8 WITH SEPARATE W.C. +
  • LOVELY 60' PLUS EASTERLY FACING REAR GARDEN WITH SUN TRAP PATIO AREA +
  • UPVC DOUBLE GLAZED WINDOWS REQUIRING UPGRADING AND MODERNISATION PLEASE SEE FULL DETAILS OF PROPERTY PRIOR TO ARRANGING A VIEWING +
  • FREEHOLD - COUNCIL TAX BAND B +

CASH BUYERS ONLY - NO CHAIN INVOLVED - THREE GOOD SIZE FIRST FLOOR BEDROOMS - DROPPED KERB AND DRIVEWAY PARKING FOR ONE VEHICLE - ENTRANCE HALL - REPLACEMENT BOILER 2021 (SERVICED JUNE 2024) - LOUNGE PLUS SEPARATE DINING ROOM - GOOD SIZE DOWNSTAIRS BATHROOM 8'10 x 4'8 WITH SEPARATE W.C. - LOVELY 60' EASTERLY FACING REAR GARDEN WITH SUN TRAP PATIO AREA - UPVC DOUBLE GLAZED WINDOWS - GARAGE - REQUIRING UPGRADING AND MODERNISATION PLEASE SEE FULL DETAILS OF PROPERTY PRIOR TO ARRANGING A VIEWING

Being on the market for the first time since 1949 this property has been thoroughly enjoyed by the current owner for over 75 years.

There are three spacious first floor bedrooms plus a spacious downstairs bathroom 8'10 x 4'8 with separate W.C. There is an entrance hallway, a lovely westerly facing lounge which is very sunny in the afternoons and an easterly facing separate dining room.

The property has a major benefit in respect of a proper dropped kerb and a paved driveway for one small hatchback car with double metal gates. There is also a nice wider side access and wooden gate making this ideal for anyone who perhaps may have a motorbike, mobility scooter etc.

The property requires upgrading and modernisation and could make a lovely family home for lucky new buyers.

Parliament Road - CASH BUYERS ONLY - NO CHAIN INVOLVED - THREE GOOD SIZE FIRST FLOOR BEDROOMS - DROPPED KERB AND DRIVEWAY PARKING FOR ONE VEHICLE - ENTRANCE HALL - REPLACEMENT BOILER 2021 (SERVICED JUNE 2024) - LOUNGE PLUS SEPARATE DINING ROOM - GOOD SIZE DOWNSTAIRS BATHROOM 8'10 x 4'8 WITH SEPARATE W.C. - LOVELY 60' EASTERLY FACING REAR GARDEN WITH SUN TRAP PATIO AREA - UPVC DOUBLE GLAZED WINDOWS - GARAGE - REQUIRING UPGRADING AND MODERNISATION PLEASE SEE FULL DETAILS OF PROPERTY PRIOR TO ARRANGING A VIEWING

Being on the market for the first time since 1949 this property has been thoroughly enjoyed by the current owner for over 75 years.

There are three spacious first floor bedrooms plus a spacious downstairs bathroom 8'10 x 4'8 with separate W.C. There is an entrance hallway, a lovely westerly facing lounge which is very sunny in the afternoons and an easterly facing separate dining room.

The property has a major benefit in respect of a proper dropped kerb and a paved driveway for one small hatchback car with double metal gates. There is also a nice wider side access and wooden gate making this ideal for anyone who perhaps may have a motorbike, mobility scooter etc.

The property requires upgrading and modernisation and could make a lovely family home for lucky new buyers.

Front Garden - Double metal gates with a driveway for one small hatchback style car, a dropped kerb. The front garden is enclosed by brick wall and panel fencing with a pedestrian gate leading to front door, an inset well stocked flower/shrub beds and established rose tree, a wide path leads at the side of the house and there is also a good size sturdy wooden gate which is ideal for access for anyone for instance with a mobility scooter or motorbike etc.

Entrance Hallway - Double glazed front entrance door through to reception hallway with stairs rising to first floor.

Lounge - 3.32 x 3.26 (10'10" x 10'8") - Lovely westerly facing room making it very sunny and pleasant in the afternoons with a wall mounted gas fire and radiator and picture rail.

Dining Room - 3.33 x 3.38 (10'11" x 11'1") - Double radiator and window to rear.

Kitchen - 2.69 x 2.26 (8'9" x 7'4") - Double drainer sink unit with cupboards beneath, additional worksurfaces, plumbing for washing machine, further worksurfaces with cupboards under, radiator, double glazed window and double glazed door to side, fitted eye level cupboards and door to large under stairs cupboard ideal for storage of a upright fridge freezer and also additional pantry style shelves.

Bathroom - 2.71 x 1.43 (8'10" x 4'8") - A good size bathroom with a bath and shower attachment over and wash basin with two windows to side and a double radiator, fully tiled walls in bath/shower area.

W.C. - WC, window to rear.

First Floor Landing - Access to loft space and door to airing cupboard.

Bedroom One - 3.27 x 4.30 (10'8" x 14'1") - Two windows to front, two radiators, original feature fireplace and fitted wardrobe unit and picture rail.

Bedroom Two - 3.31 x 2.36 (10'10" x 7'8") - Double radiator, wall mounted Weissman boiler which was serviced by Parish & Mellor on 6 June 2024, feature original fireplace and picture rail.

Bedroom Three - 2.70 x 2.29 (8'10" x 7'6") - Radiator, window to rear and picture rail.

Rear Garden - The rear garden starts with a paved side area and then opens out to a storage shed, an archway leads to the rear half of the garden.

The rear part of the garden which is enclosed by panel fencing is neatly laid to lawn with very well maintained and well stocked flower / shrub borders and inset shrubbery. There is a patio area nicely enclosed and sheltered on two sides and southerly facing making it superb for a morning cuppa or alfresco lunch. There is also an asbestos garage at the rear of the garden. An established tree helps to provide screening from the rear.

Agents Note - The property has experienced structural movement that is believed to be slow but progressive.

There is a garage in the rear garden of asbestos construction both sides and roof.

Tenure - Freehold
Council Tax Band - B

Agent Details

Foxhall Estate Agents, Ipswich

01473 943315

Next Steps?

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