3 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP2 0LP, £180,000

Speedwell Road, Ipswich, IP2 0LP - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£132K - £347K
Sold Prices/m²£1.6K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£181,800

 

 

End Value (After Refurb)

£229,594

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Refurb Costs

£43,548

Bridging Loan Interest

£4,725

Total Cash In

£106,323

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£229,594

Mortgage (After Refinance)

£172,195

Mortgage LTV

75%

Cash Released

£37,195

Cash Left In

£69,128

Equity

£57,398

Rent Range

£950 - £1,450

Rent Estimate

£1,203

Running Costs/mo

£978

Cashflow/mo

£225

Cashflow/yr

£2,699

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £132K to £347K, average is £225K. £1.6K/m² to £3.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£250K08/210.1 mi51, Campion Road, Ipswich, Suffolk IP2 0LJ3
£187.5K06/210.15 mi40, Iris Close, Ipswich, Suffolk IP2 0NA3
£200K05/210.15 mi7, Crocus Close, Ipswich, Suffolk IP2 0LZ3
£205K01/210.16 mi14, Crocus Close, Ipswich, Suffolk IP2 0LZ3
£178K11/200.17 mi49, Speedwell Road, Ipswich, Suffolk IP2 0LQ3
£200K12/200.19 mi9, Aster Road, Ipswich, Suffolk IP2 0NQ3
£255K10/220.2 mi24, Violet Close, Ipswich, Suffolk IP2 0PL3
£190K05/210.21 mi29, Violet Close, Ipswich, Suffolk IP2 0PL3
£168K01/210.21 mi7, Columbine Gardens, Ipswich, Suffolk IP2 0XA3
£237.5K10/210.22 mi84, Coltsfoot Road, Ipswich, Suffolk IP2 0NG3
£266K10/220.22 mi59, Lupin Road, Ipswich, Suffolk IP2 0XF3
£265K06/230.22 mi75, Lupin Road, Ipswich, Suffolk IP2 0XF3
£247.5K02/230.22 mi69, Lupin Road, Ipswich, Suffolk IP2 0XF3
£180K10/200.22 mi42, Hawthorn Drive, Ipswich, Suffolk IP2 0PQ3
£191K03/210.24 mi8, Archangel Gardens, Ipswich, Suffolk IP2 0XD3
£203.5K08/230.25 mi43, Honeysuckle Gardens, Ipswich, Suffolk IP2 0XE3
£230K06/230.25 mi119, Hawthorn Drive, Ipswich, Suffolk IP2 0PD3
£170K07/230.26 mi141, Ranelagh Road, Ipswich, Suffolk IP2 0AF3
£242K06/210.26 mi80, Hawthorn Drive, Ipswich, Suffolk IP2 0PG3
£199K11/200.27 mi41, Aster Road, Ipswich, Suffolk IP2 0NH3
£275K01/230.28 mi84, Lavenham Road, Ipswich, Suffolk IP2 0LD3
£305K12/220.28 mi90, Lavenham Road, Ipswich, Suffolk IP2 0LD3
£178K06/210.3 mi52, Shamrock Avenue, Ipswich, Suffolk IP2 0NN3
£182K04/210.3 mi2, Buddleia Close, Ipswich, Suffolk IP2 0XG3
£218.5K04/210.3 mi49, Shamrock Avenue, Ipswich, Suffolk IP2 0NN3
£215K08/210.3 mi39, Shamrock Avenue, Ipswich, Suffolk IP2 0NN3
£215K04/210.3 mi34, Shamrock Avenue, Ipswich, Suffolk IP2 0NN3
£217.5K06/230.31 mi15, Sorrel Close, Ipswich, Suffolk IP2 0PE3
£347K07/220.32 miHorley Cottage, Gwydyr Road, Ipswich, Suffolk IP2 0NT3
£170K03/210.32 mi20, Copperfield Road, Ipswich, Suffolk IP2 0JT3
£205K07/210.33 mi33, Marigold Avenue, Ipswich, Suffolk IP2 0PZ3
£275K03/210.34 mi136, Stone Lodge Lane West, Ipswich, Suffolk IP2 9HR3
£218K02/210.35 mi1, Marigold Avenue, Ipswich, Suffolk IP2 0QA3
£290K08/230.35 mi60, Milden Road, Ipswich, Suffolk IP2 0LB3
£260K03/210.35 mi38, Milden Road, Ipswich, Suffolk IP2 0LB3
£261K05/230.35 mi14, Milden Road, Ipswich, Suffolk IP2 0LB3
£220K03/210.35 mi5, Milden Road, Ipswich, Suffolk IP2 0LB3
£255K09/210.35 mi26, Milden Road, Ipswich, Suffolk IP2 0LB3
£220K03/230.38 mi75, Ranelagh Road, Ipswich, Suffolk IP2 0AD3
£232K12/200.39 mi42, Lavenham Road, Ipswich, Suffolk IP2 0LA3
£255K12/220.42 mi25, Dickens Road, Ipswich, Suffolk IP2 0JW3
£285K04/230.42 mi7, Gippeswyk Avenue, Ipswich, Suffolk IP2 9AD3
£290K08/220.42 mi11, Gippeswyk Avenue, Ipswich, Suffolk IP2 9AD3
£260K02/230.44 mi13, Lavenham Road, Ipswich, Suffolk IP2 0JH3
£132K07/210.44 mi1, Lavenham Road, Ipswich, Suffolk IP2 0JH3
£230K03/210.46 mi1, Anita Close West, Ipswich, Suffolk IP2 0JJ3
£240K09/220.47 mi76, Sheldrake Drive, Ipswich, Suffolk IP2 9NU3
£242K07/230.47 mi25, Hadleigh Road, Ipswich, Suffolk IP2 0EP3
£270K11/210.5 mi100, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£180K02/210.5 mi74, Hadleigh Road, Ipswich, Suffolk IP2 0ER3

Local Rents

13 rents from £950/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,35008/240.15 miLupin Road, IPSWICH3
£1,40004/240.15 miCowslip Close, IPSWICH3
£1,10004/240.17 miSpeedwell Road, Ipswich, IP23
£1,25008/240.27 miAster Road, IPSWICH3
£1,09509/240.3 miSorrel Close, Ipswich3
£1,45003/250.31 mi-3
£1,40005/240.34 miMilden Road, Ipswich3
£1,25008/240.38 miDaffodil Close, Ipswich, Suffolk, IP23
£95008/240.39 miRanelagh Road, Ipswich3
£1,20004/240.57 miIpswich3
£1,09507/240.6 miFitzwilliam Close, Ipswich3
£1,09508/240.6 miFitzwilliam Close, Ipswich3
£1,00005/240.61 miFitzwilliam Close, Ipswich IP23

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

1.63 miles away

Nearest school

0.30 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £180,000

December 27, 2024

Floor Plans

Description

  • IDEAL INVESTMENT +
  • PERFECT FIRST TIME BUY +
  • DRIVEWAY +
  • GARDEN +
  • 3 LARGE BEDROOMS +
  • CLOSE TO TOWN +

3-Bedroom Semi-Detached Home in Chantry, Ipswich – Full Renovation Opportunity

Situated in the popular Chantry area of Ipswich, this 3-bedroom semi-detached house presents an excellent opportunity for those looking to put their own stamp on a property. In need of full renovation, this home offers endless potential to create a modern and personalised living space, ideal for families, first-time buyers, or investors.

The ground floor comprises a spacious living room and a separate kitchen/diner, providing a blank canvas to redesign and update to suit your needs. Upstairs, the property features three well-proportioned bedrooms and a family bathroom, all awaiting refurbishment to maximise their potential.

Externally, the property benefits from a generous rear garden, offering plenty of space for landscaping, entertaining, or family activities. The front of the property provides scope for off-road parking (subject to necessary permissions), adding further convenience.

Located in the sought-after Chantry area, the property is close to local schools, parks, shops, and excellent transport links to Ipswich town centre and beyond. This is a fantastic opportunity for buyers seeking a project to transform a property into a stunning family home or investment.

Don’t miss out on this exciting renovation opportunity – arrange your viewing today!

Agent Details

haart, Ipswich

01473 943783

Next Steps?

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