3 Bed Terraced House, Planning Permission, Ipswich, IP3 0JX, £170,000

Romney Road, Ipswich, IP3 0JX - 1 views - 4 months ago

Under Offer
Planning
ROI: 8%
~93 m²
+2 photos

ValuationUndervalued

Sold Prices£175K - £335K
Sold Prices/m²£2.1K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£212,500
BMV25%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£1,095 - £1,350

Rent Estimate

£1,096

Running Costs/mo

£770

Cashflow/mo

£326

Cashflow/yr

£3,907

ROI

8%

Gross Yield

8%

Local Sold Prices

51 sold prices from £175K to £335K, average is £225K. £2.1K/m² to £4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£195K11/200.03 mi1, Chesapeake Road, Ipswich, Suffolk IP3 0JT3
£184K12/200.05 mi42, Romney Road, Ipswich, Suffolk IP3 0JX3
£180K03/210.05 mi75, Romney Road, Ipswich, Suffolk IP3 0JX3
£180K05/210.07 mi112, Fletcher Road, Ipswich, Suffolk IP3 0LD3
£230K04/210.1 mi69, Reynolds Road, Ipswich, Suffolk IP3 0JR3
£262K01/230.1 mi117, Morland Road, Ipswich, Suffolk IP3 0LH3
£225K07/210.19 mi24, Romney Road, Ipswich, Suffolk IP3 0JU3
£210K08/210.21 mi19, Rubens Road, Ipswich, Suffolk IP3 0RJ3
£205K03/210.22 mi30, Cole Ness Road, Ipswich, Suffolk IP3 0SD3
£220K09/210.23 mi30, Andros Close, Ipswich, Suffolk IP3 0SL3
£186K01/230.23 mi29, Fletcher Road, Ipswich, Suffolk IP3 0LF3
£235K05/230.25 mi1, Nightingale Square, Ipswich, Suffolk IP3 0LR3
£335K10/220.26 mi14, Fishbane Close, Ipswich, Suffolk IP3 0SE3
£245K02/230.27 mi63, Worcester Road, Ipswich, Suffolk IP3 0RS3
£250K02/210.29 mi14, Fishbane Close, Ipswich, Suffolk IP3 0SE3
£215K11/200.31 mi22, Broom Crescent, Ipswich, Suffolk IP3 0EE3
£265K11/210.32 mi4, Worcester Road, Ipswich, Suffolk IP3 0RR3
£203K06/230.32 mi13, Swatchway Close, Ipswich, Suffolk IP3 0SF3
£230K04/230.34 mi25, Platters Close, Ipswich, Suffolk IP3 0SG3
£282.5K12/210.35 mi320, Clapgate Lane, Ipswich, Suffolk IP3 0RT3
£265K05/230.35 mi319, Clapgate Lane, Ipswich, Suffolk IP3 0RT3
£270K01/230.35 mi321, Clapgate Lane, Ipswich, Suffolk IP3 0RT3
£225K09/210.36 mi121, Braziers Wood Road, Ipswich, Suffolk IP3 0SA3
£275K05/230.36 mi109, Braziers Wood Road, Ipswich, Suffolk IP3 0SA3
£225K10/200.37 mi8, Braziers Wood Road, Ipswich, Suffolk IP3 0RZ3
£183K12/200.38 mi16, Ireland Road, Ipswich, Suffolk IP3 0EJ3
£215K04/210.38 mi8, Ireland Road, Ipswich, Suffolk IP3 0EJ3
£325K11/220.4 mi6, Windermere Close, Ipswich, Suffolk IP3 0RU3
£260K07/230.43 mi1, Corton Road, Ipswich, Suffolk IP3 9NR3
£260K07/230.43 mi1, Corton Road, Ipswich, Suffolk IP3 9NR3
£175K11/200.44 mi56, Hogarth Road, Ipswich, Suffolk IP3 0HA3
£210K11/220.44 mi88, Hogarth Road, Ipswich, Suffolk IP3 0HA3
£175K01/210.44 mi26, Robeck Road, Ipswich, Suffolk IP3 0HN3
£275K06/230.45 mi105, Avondale Road, Ipswich, Suffolk IP3 9LA3
£220K12/220.45 mi141, Clapgate Lane, Ipswich, Suffolk IP3 0RF3
£215K08/210.46 mi73, Boyton Road, Ipswich, Suffolk IP3 9PB3
£232.5K03/210.47 mi43, Fairfield Road, Ipswich, Suffolk IP3 9LB3
£277K01/230.47 mi83, Fairfield Road, Ipswich, Suffolk IP3 9LB3
£212.5K06/210.48 mi57, Fairfield Road, Ipswich, Suffolk IP3 9LB3
£225K06/210.5 mi107, Mildmay Road, Ipswich, Suffolk IP3 9PG3
£280K06/210.52 mi5, Harrier Close, Ipswich, Suffolk IP3 9TF3
£242.5K04/210.54 mi7, Harrier Close, Ipswich, Suffolk IP3 9TF3
£310K11/210.54 mi60, Gloucester Road, Ipswich, Suffolk IP3 9LF3
£250K02/230.54 mi26, Boyton Road, Ipswich, Suffolk IP3 9PD3
£186K06/210.54 mi67, Boyton Road, Ipswich, Suffolk IP3 9PD3
£230K11/200.54 mi21, Gloucester Road, Ipswich, Suffolk IP3 9LG3
£190K06/210.54 mi11, Gloucester Road, Ipswich, Suffolk IP3 9LG3
£182.5K11/200.55 mi4, Clarence Road, Ipswich, Suffolk IP3 9LH3
£248.5K04/210.55 mi67, Avondale Road, Ipswich, Suffolk IP3 9JZ3
£210K06/210.55 mi419, Landseer Road, Ipswich, Suffolk IP3 9LT3
£272K03/230.55 mi411, Landseer Road, Ipswich, Suffolk IP3 9LT3

Local Rents

10 rents from £1.1K/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10006/240.1 mi-3
£1,10004/240.1 miIpswich, Ipswich, IP33
£1,20004/240.21 miColeness Road, Ipswich3
£1,09505/240.21 miColeness Road, Ipswich, Suffolk, IP33
£1,09504/240.21 miColeness Road, Ipswich3
£1,25004/240.23 miAndros Close, IPSWICH3
£1,35005/240.35 miClapgate Lane, IPSWICH3
£1,10004/240.48 miTheberton Road, Ipswich3
£1,25004/240.59 mi-3
£1,15004/240.61 miBenacre Road, Ipswich, IP33

Local Area Statistics

Population in IP3

34,308

Population in Ipswich

219,393

Town centre distance

1.83 miles away

Nearest school

0.20 miles away

Nearest train station

1.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £170,000

December 27, 2024

Floor Plans

Description

  • Terraced House +
  • Three Bedrooms +
  • Lounge +
  • Dining Room +
  • Kitchen +
  • W/C +
  • Bathroom +
  • Garden +
  • In Need Of Refurbishment +
  • Popular Location +

Discover the endless possibilities with this 3-bedroom terraced house, ideally situated on the sought-after Romney Road. This property, featuring a welcoming entrance porch, is brimming with potential and ready for your creative touch.

The spacious lounge leads into the kitchen, perfect for entertaining. The kitchen offers ample space to redesign and improvement. There is also a separate dining room. Upstairs, you’ll find three well-proportioned bedrooms, ideal for a growing family or guests. The bathroom and w/c are separate but let themselves to be knocked through to achieve a generous family bathroom.

Outside, enjoy a good-sized rear garden, perfect for gardening enthusiasts or outdoor entertaining. There’s also potential for a driveway, subject to planning permission, adding even more value to this promising home.

While the property is in need of refurbishment, its prime location and substantial potential make it a fantastic investment opportunity. Don’t miss the chance call to arrange your viewing.

Porch -

Hallway -

Lounge - 4.14m x 3.68m (13'7 x 12'1) -

Dining Room - 2.97m x 2.92m (9'9 x 9'7 ) -

Kitchen - 2.97m x 2.90m (9'9 x 9'6 ) -

First Floor - Landing with storage cupboard.

Bedroom One - 4.19m x 2.67m (13'9 x 8'9 ) -

Bedroom Two - 3.20m x 3.05m (10'6 x 10 ) -

Bedroom Three - 2.92m x 2.13m (9'7 x 7 ) -

Bathroom -

W/C -

Outside - The property benefits from front and rear gardens.

Agent Details

Keystone, Ipswich

01473 943998

Next Steps?

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