3 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP1 4EL, £245,000

Springfield Lane, Ipswich, IP1 4EL - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~106 m²
+16 photos

ValuationFair Value

Sold Prices£142K - £355K
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

~105.70 m²
Price/m²£2.3K/m²

Value Estimate

£249,900

 

 

End Value (After Refurb)

£262,624

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£15,850

Refurb Costs

£49,237

Bridging Loan Interest

£6,431

Total Cash In

£134,519

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£262,624

Mortgage (After Refinance)

£196,968

Mortgage LTV

75%

Cash Released

£13,218

Cash Left In

£121,301

Equity

£65,656

Rent Range

£895 - £3,750

Rent Estimate

£1,229

Running Costs/mo

£1,086

Cashflow/mo

£143

Cashflow/yr

£1,710

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £142K to £355K, average is £218.3K. £1.6K/m² to £3.9K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£240K01/210 mi6, Springfield Lane, Ipswich, Suffolk IP1 4EL3
£198K09/210.04 mi33, Kitchener Road, Ipswich, Suffolk IP1 4DT3
£190K12/200.04 mi18, Kitchener Road, Ipswich, Suffolk IP1 4DT3
£185K04/230.04 mi24, Kitchener Road, Ipswich, Suffolk IP1 4DT3
£220K08/210.07 mi39, Springfield Lane, Ipswich, Suffolk IP1 4EW3
£289K02/230.08 mi34, Brookfield Road, Ipswich, Suffolk IP1 4EN3
£230K12/220.1 mi362, Norwich Road, Ipswich, Suffolk IP1 4EJ3
£200K06/210.11 mi38, Richmond Road, Ipswich, Suffolk IP1 4DP3
£175K12/210.11 mi210, Bramford Road, Ipswich, Suffolk IP1 4AW3
£250K02/230.12 mi61, Richmond Road, Ipswich, Suffolk IP1 4DW3
£220K09/210.13 mi18, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£252K06/230.13 mi17, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£270K06/210.13 mi56, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£230K01/210.13 mi46, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£202K01/210.13 mi6, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£180K01/210.13 mi223, Bramford Lane, Ipswich, Suffolk IP1 4ER3
£254K06/230.13 mi7, Kensington Road, Ipswich, Suffolk IP1 4LB3
£205K01/210.13 mi7, Kensington Road, Ipswich, Suffolk IP1 4LB3
£232K11/200.13 mi97, Kensington Road, Ipswich, Suffolk IP1 4LB3
£185K12/200.13 mi99, Kensington Road, Ipswich, Suffolk IP1 4LB3
£245K12/220.14 mi14, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£180K09/210.14 mi75, Surbiton Road, Ipswich, Suffolk IP1 4AX3
£230K12/200.14 mi32, Kensington Road, Ipswich, Suffolk IP1 4LD3
£168K03/210.18 mi11, Cromer Road, Ipswich, Suffolk IP1 5ER3
£185K11/210.19 mi90, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£216.5K11/220.19 mi92, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£165K11/210.19 mi46, Surbiton Road, Ipswich, Suffolk IP1 4AX3
£185.5K12/200.19 mi65, Surbiton Road, Ipswich, Suffolk IP1 4AX3
£250K09/210.19 mi73, Cromer Road, Ipswich, Suffolk IP1 5EP3
£355K06/230.2 mi10, Westholme Road, Ipswich, Suffolk IP1 4HH3
£142K09/210.2 mi28, Kingston Road, Ipswich, Suffolk IP1 4BQ3
£173K09/210.2 mi38, Kingston Road, Ipswich, Suffolk IP1 4BQ3
£200K01/230.21 mi97, Richmond Road, Ipswich, Suffolk IP1 4DL3
£185K02/210.21 mi31, All Saints Road, Ipswich, Suffolk IP1 4DG3
£215K11/210.22 mi59, All Saints Road, Ipswich, Suffolk IP1 4DG3
£260K01/230.22 mi22, All Saints Road, Ipswich, Suffolk IP1 4DG3
£220K03/210.22 mi39, All Saints Road, Ipswich, Suffolk IP1 4DG3
£161K02/210.22 mi26, Hampton Road, Ipswich, Suffolk IP1 4AP3
£240K12/220.23 mi305, Bramford Lane, Ipswich, Suffolk IP1 5BS3
£175K08/210.23 mi41, Windsor Road, Ipswich, Suffolk IP1 4AN3
£290K01/230.23 mi43, Deben Road, Ipswich, Suffolk IP1 5EL3
£285K09/210.24 mi32, Silverdale Close, Ipswich, Suffolk IP1 4JF3
£238K03/210.25 mi451, Norwich Road, Ipswich, Suffolk IP1 5DW3
£160K06/210.25 mi19, Kingston Road, Ipswich, Suffolk IP1 4BD3
£233K12/220.25 mi75, Bramford Lane, Ipswich, Suffolk IP1 4DF3
£190K04/210.25 mi14, Westbourne Road, Ipswich, Suffolk IP1 5EW3
£252.3K12/220.26 mi29, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£250K06/210.26 mi28, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£183K04/210.26 mi59, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£305K09/220.26 mi32, Broom Hill Road, Ipswich, Suffolk IP1 4EH3

Local Rents

37 rents from £895/mo to £3.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,40011/240.17 mi-3
£1,25006/240.17 miPutney Close, IPSWICH3
£92504/240.17 miBramford Lane, Ipswich3
£95003/240.18 miCromer Road, Ipswich, Suffolk, IP13
£1,12504/240.19 miBramford Lane, IPSWICH3
£95004/240.22 miKingston Road, Ipswich3
£90003/240.26 miBramford Road, Ipswich3
£1,45004/240.26 miBroom Hill Road, IPSWICH3
£1,00006/240.27 miBramford Road, Ipswich3
£1,30010/240.29 mi-3
£99506/240.29 miBramford Lane, Ipswich3
£99506/240.29 miBramford Lane, Ipswich3
£1,30004/250.3 mi-3
£92501/240.3 mi-3
£1,00004/240.31 miBramford Road, IP1, Ipswich 3
£1,19504/240.31 miBramford Road, Ipswich, Suffolk, IP13
£89504/240.39 miWallace Road, Ipswich, Suffolk, IP13
£1,15004/240.39 miWallace Road, IPSWICH3
£1,29505/240.39 miPine Avenue, Ipswich3
£1,40005/240.4 miSproughton Road, Ipswich, IP13
£1,05005/240.4 miAshcroft Road, Ipswich, IP13
£1,40011/230.4 mi-3
£3,75007/240.41 mi-3
£1,05011/240.45 mi-3
£1,27512/240.47 mi-3
£1,35012/240.47 mi-3
£1,20012/240.49 mi-3
£1,20003/250.49 mi-3
£1,15002/240.5 mi-3
£1,10004/240.52 miChesterfield Drive, Ipswich, IP13
£98504/240.52 mi-3
£1,65003/250.54 mi-3
£1,34512/230.56 mi-3
£1,30005/240.57 miSproughton Road, Ipswich3
£1,00005/240.59 miBulwer Road, Ipswich3
£1,00005/240.59 miBulwer Road3
£1,25004/240.62 miBramford Road, IPSWICH3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.63 miles away

Nearest school

0.10 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Price changed to £245,000

February 8, 2025

Price changed to £247,500

February 4, 2025

Listed for £250,000

December 26, 2024

Floor Plans

Description

  • Three Bedrooms On The First Floor +
  • Two Living Rooms On The Ground Floor +
  • A Separate Dining Room And Modern Kitchen +
  • Ground Floor Study +
  • 2 Bathrooms, Including A Ground Floor Shower Room. +
  • Close To Local Amenities +
  • View Our 360 Tour +
  • Schedule A Viewing 24/7 +

The Property
33 Springfield Lane is a spacious semi-detached three-bedroom home offering generous living space and a practical layout ideal for family living. This home is rich in character, featuring original fireplaces and beautiful stained glass in the front door, adding to its timeless charm and elegance. The house benefits from efficient central heating and double glazing throughout.

The ground floor welcomes you with a bright hallway, which provides access to the main living areas and the staircase to the first floor. The front living room is spacious and filled with natural light, while the second living room provides a cosy space that can also be used as a playroom or snug.

The adjoining kitchen is well-equipped with ample worktops, fitted units, and practical storage. Towards the rear of the ground floor is a dining room, perfect for family meals or entertaining guests. At the back of the house, there is a versatile study, ideal for working from home.

Completing the ground floor is a convenient shower room accessed through the utility room which has been partially prepped for renovation, offering a blank canvas for your personal touch. It has ample space to accommodate a shower, WC and sink. The utility room offers access to the garden and shower room and is well-equipped with a washing machine, an under-counter freezer, and cupboard space for storage.

On the first floor, there are three generously sized bedrooms, all well-proportioned and filled with natural light. The largest bedroom provides plenty of space for a double bed and additional furniture. The second bedroom is also spacious and can accommodate a variety of uses, while the third bedroom at the rear offers a cosy space suitable as a bedroom, nursery, or home office. A family bathroom is also located on the first floor, complete with a modern suite including a bath with shower over, WC, and sink.

Externally, the garden features a charming patio area, perfect for outdoor dining and relaxation.

Location
The property is located on Springfield Lane in Ipswich, a sought-after area benefiting from excellent local amenities, schools, parks, and transport links. Ipswich town centre is within easy reach, offering a wide range of shopping, dining, and leisure opportunities, while nearby transport connections make commuting simple and convenient.

33 Springfield Lane combines generous living spaces with a practical layout, offering flexibility and comfort for modern family life. With its spacious rooms, two bathrooms, and versatile ground floor spaces, this home represents a fantastic opportunity for those seeking a comfortable and well-located property in Ipswich.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Ipswich

020 3834 8702

Next Steps?

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