2 Bed Bungalow, Refurb/BRRR, Ipswich, IP2 0SU, £240,000

London Road, Ipswich, IP2 0SU - 4 months ago

Sold STC
Refurb/BRRR
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£160.5K - £380K
Sold Prices/m²£1.9K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£222,982

 

 

End Value (After Refurb)

£225,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Refurb Costs

£31,894

Bridging Loan Interest

£6,300

Total Cash In

£113,144

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£225,000

Mortgage (After Refinance)

£168,750

Mortgage LTV

75%

Cash Left In

£113,144

Equity

£56,250

Rent Range

£875 - £1,000

Rent Estimate

£917

Running Costs/mo

£907

Cashflow/mo

£10

Cashflow/yr

£126

ROI

0%

Gross Yield

5%

Local Sold Prices

49 sold prices from £160.5K to £380K, average is £212K. £1.9K/m² to £5.1K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£180K02/210.22 mi5, Wren Avenue, Ipswich, Suffolk IP2 0TJ2
£262.5K12/220.28 mi310, Hawthorn Drive, Ipswich, Suffolk IP2 0RT2
£245K03/230.32 mi36, Curlew Road, Ipswich, Suffolk IP2 0TG2
£220K12/220.33 mi10, Innes End, Ipswich, Suffolk IP8 3RZ2
£168.5K02/210.34 mi5, Milnrow, Ipswich, Suffolk IP2 0SN2
£215K02/230.34 mi9, Milnrow, Ipswich, Suffolk IP2 0SN2
£215K07/230.36 mi64, Broad Meadow, Ipswich, Suffolk IP8 3SP2
£215K09/210.39 mi23, Wentworth Drive, Ipswich, Suffolk IP8 3RX2
£170K12/200.39 mi9, Matlock Close, Ipswich, Suffolk IP2 9XU2
£212K06/210.4 mi24, Broad Meadow, Ipswich, Suffolk IP8 3SP2
£220K08/220.47 mi2, Bishop Mews, Ipswich, Suffolk IP8 3SY2
£220K07/220.48 mi24, Buttercup Close, Ipswich, Suffolk IP8 3RG2
£222.5K10/220.49 mi30, Buttercup Close, Ipswich, Suffolk IP8 3RG2
£180K12/200.49 mi30, Buttercup Close, Ipswich, Suffolk IP8 3RG2
£209K06/230.54 mi31, Acer Grove, Ipswich, Suffolk IP8 3RR2
£160.5K11/200.6 mi18, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RJ2
£175K06/210.62 mi41, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RH2
£185K04/210.63 mi53, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RH2
£185K11/200.63 mi27, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RH2
£210K05/230.63 mi53, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RH2
£240K10/220.63 mi37, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RH2
£273K01/230.65 mi11, Appleby Close, Ipswich, Suffolk IP2 9XS2
£250K09/220.66 mi12, Oldfield Road, Ipswich, Suffolk IP8 3SE2
£233K05/230.66 mi9, Oldfield Road, Ipswich, Suffolk IP8 3SE2
£205K06/210.67 mi54, Wilding Road, Ipswich, Suffolk IP8 3SG2
£182K11/200.67 mi52, Wilding Road, Ipswich, Suffolk IP8 3SG2
£215K09/220.7 mi60, Sycamore Close, Ipswich, Suffolk IP8 3RL2
£185K01/230.72 mi3, Archangel Gardens, Ipswich, Suffolk IP2 0XD2
£205K01/210.74 mi15, Ritabrook Road, Ipswich, Suffolk IP2 9JH2
£195K03/210.74 mi28, Ritabrook Road, Ipswich, Suffolk IP2 9JH2
£205K12/200.74 mi17, Ritabrook Road, Ipswich, Suffolk IP2 9JH2
£265K04/230.74 mi28, Ritabrook Road, Ipswich, Suffolk IP2 9JH2
£185K11/200.74 mi8, Dawnbrook Close, Ipswich, Suffolk IP2 9JW2
£172.5K11/200.74 mi40, Annbrook Road, Ipswich, Suffolk IP2 9JN2
£275K11/210.75 mi4, Knutsford Close, Ipswich, Suffolk IP8 3RN2
£210K06/210.77 mi452, Birkfield Drive, Ipswich, Suffolk IP2 9JD2
£280K07/220.77 mi6, Baldry Close, Ipswich, Suffolk IP8 3RF2
£230K08/230.78 mi1, Tinabrook Close, Ipswich, Suffolk IP2 9JG2
£220K02/230.8 mi15, Dashwood Close, Ipswich, Suffolk IP8 3SR2
£220K12/220.81 mi4, Milden Road, Ipswich, Suffolk IP2 0LB2
£220.5K01/230.81 mi4, Columbine Gardens, Ipswich, Suffolk IP2 0XA2
£165K01/210.86 mi55, Lavenham Road, Ipswich, Suffolk IP2 0LA2
£211K02/230.86 mi483, Birkfield Drive, Ipswich, Suffolk IP2 9JE2
£198K06/210.86 mi15, Harebell Road, Ipswich, Suffolk IP2 0LS2
£187K02/210.86 mi3, Harebell Road, Ipswich, Suffolk IP2 0LS2
£225K12/220.93 mi3, Admiral Road, Pinewood, Ipswich, Suffolk IP8 3PH2
£190K07/210.94 mi9, Dombey Road, Ipswich, Suffolk IP2 0JS2
£380K07/230.99 mi86, Sandringham Close, Ipswich, Suffolk IP2 9DU2
£240K01/230.99 mi60, Oak Eggar Chase, Pinewood, Ipswich, Suffolk IP8 3TJ2

Local Rents

10 rents from £875/mo to £1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£87504/240.25 miBramblewood, Ipswich2
£1,00004/240.28 miCurlew Road, Ipswich, Suffolk, IP22
£89505/240.38 miWentworth Drive, Ipswich, Suffolk, UK, IP82
£90004/240.4 miHale Close, Ipswich2
£87504/240.54 miAcer Grove, Ipswich2
£97505/240.6 miYew Tree Rise, Pinewood, Ipswich, IP82
£89505/240.6 miYew Tree Rise, Pinewood, Ipswich, IP82
£95001/240.6 miLondon Road, Ipswich2
£90001/240.6 miLondon Road, Ipswich2
£90001/240.6 miLondon Road, Ipswich2

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

2.54 miles away

Nearest school

0.20 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £240,000

January 31, 2025

Listed for £250,000

December 26, 2024

Floor Plans

Description

  • OFF ROAD PARKING +
  • FULLY RENOVATED +
  • LARGE REAR GARDEN +
  • 2 DOUBLE BEDROOMS +
  • ACCESS TO COPDOCK A12/A14 +
  • CLOSE TO AMMENITIES +

This beautifully renovated two-bedroom semi-detached bungalow, located in the popular Chantry area of Ipswich, offers modern living with a perfect blend of comfort, style, and convenience. The property has been carefully updated throughout, presenting a fresh and contemporary interior while retaining a homely and welcoming atmosphere.

Upon entering, you are greeted by a spacious and light-filled hallway that leads to the main living areas. The living room is bright and airy, with large windows that allow natural light to flood the space, creating a warm and inviting ambiance. The open feel of the room, combined with its neutral décor and modern finishes, makes it an ideal space for relaxing or entertaining guests.

The kitchen has been fully renovated to the highest standards. Featuring sleek, modern cabinetry, high-quality countertops, and integrated appliances, the kitchen is both practical and stylish. It provides a fantastic space for cooking and meal preparation, with storage space and work surface. The clean lines and contemporary design are complemented by a fresh, neutral colour scheme that enhances the light and airy feel throughout the property.

Both bedrooms are well-proportioned, offering plenty of space for double beds and additional furniture. The rooms have been thoughtfully designed with large windows that allow plenty of light, ensuring a bright and comfortable environment. Each bedroom is particularly spacious, providing a peaceful and private retreat, giving you the flexibility to make a guest room or a home office, or even a cosy den.

The bathroom has also been fully updated to a high standard, featuring modern fixtures and fittings. It is designed for comfort and convenience, with a sleek shower over the bath, a toilet, and a washbasin, all finished in a neutral, stylish colour scheme that complements the rest of the property.

Externally, the bungalow is set back from the road with ample off-road parking, providing enough space for multiple vehicles. The driveway leads to the front of the property, offering easy access to the home. The garden area at the rear is low maintenance and provides a private space for outdoor enjoyment, whether for gardening, dining, or simply unwinding in a peaceful setting.

This two-bedroom semi-detached bungalow in the Chantry area of Ipswich offers the perfect balance of modern living and practical convenience. The property’s recent renovation, ample off-road parking, bright living spaces, and close proximity to local amenities make it an ideal choice for those looking for a turn-key home in a desirable location.

Agent Details

haart, Ipswich

01473 943783

Next Steps?

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