3 Bed Terraced House, Refurb/BRRR, Ipswich, IP1 2LE, £175,000

Surrey Road, Ipswich, Suffolk, IP1 2LE - 3 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+26 photos

ValuationUndervalued

Sold Prices£105K - £425K
Sold Prices/m²£1K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£204,045
BMV2%

 

 

End Value (After Refurb)

£200,431

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£43,322

Bridging Loan Interest

£4,594

Total Cash In

£100,615

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,431

Mortgage (After Refinance)

£150,323

Mortgage LTV

75%

Cash Released

£19,073

Cash Left In

£81,542

Equity

£50,108

Rent Range

£900 - £2,200

Rent Estimate

£1,092

Running Costs/mo

£865

Cashflow/mo

£227

Cashflow/yr

£2,727

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £105K to £425K, average is £197.5K. £1K/m² to £3.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£130K03/230.03 mi3, Surrey Road, Ipswich, Suffolk IP1 2LE3
£195K09/210.06 mi86, Victoria Street, Ipswich, Suffolk IP1 2JX3
£144.2K07/210.07 mi61, Sirdar Road, Ipswich, Suffolk IP1 2LB3
£110K04/210.12 mi63, Elliott Street, Ipswich, Suffolk IP1 2HJ3
£147K09/210.12 mi57, Sirdar Road, Ipswich, Suffolk IP1 2LD3
£285K03/230.14 mi43, Clarkson Street, Ipswich, Suffolk IP1 2JN3
£135K03/210.15 mi23, Elliott Street, Ipswich, Suffolk IP1 2HN3
£165K07/210.15 mi11, Wilberforce Street, Ipswich, Suffolk IP1 2JP3
£178K07/210.2 mi120, Bramford Road, Ipswich, Suffolk IP1 2LL3
£105K07/210.21 mi6, Firmin Close, Ipswich, Suffolk IP1 2BF3
£168K11/200.23 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£168K11/200.24 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£165K03/230.24 mi6, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£240K02/230.25 mi11, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£205K06/230.25 mi9, Wellington Street, Ipswich, Suffolk IP1 2NT3
£121K12/200.26 mi23, Chevallier Street, Ipswich, Suffolk IP1 2PF3
£125K04/210.26 mi179, Bramford Road, Ipswich, Suffolk IP1 4AA3
£205K09/210.26 mi36, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£190K10/200.26 mi30, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£240K01/230.26 mi20, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£167K08/210.27 mi27, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£230K01/230.27 mi152, Bramford Road, Ipswich, Suffolk IP1 4AB3
£265K07/230.28 mi35, Tower Mill Road, Ipswich, Suffolk IP1 4QF3
£195K04/230.3 mi7, Bramford Lane, Ipswich, Suffolk IP1 4DB3
£350K03/210.31 mi30, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£325K03/230.31 mi41, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£284K04/210.32 mi25, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£243K02/210.34 mi64, Anglesea Road, Ipswich, Suffolk IP1 3PN3
£229K07/230.35 mi18, Blenheim Road, Ipswich, Suffolk IP1 4EB3
£242K07/230.36 mi25, Hadleigh Road, Ipswich, Suffolk IP2 0EP3
£233K12/220.37 mi75, Bramford Lane, Ipswich, Suffolk IP1 4DF3
£167.5K08/210.37 mi4, Cardigan Street, Ipswich, Suffolk IP1 3PF3
£240K09/210.37 mi30, Dhobi Place, Ipswich, Suffolk IP1 4QA3
£270K11/210.38 mi100, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£180K02/210.38 mi74, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£340K07/210.39 mi6, Valley Road, Ipswich, Suffolk IP1 4ED3
£236.5K03/210.4 mi66, Newson Street, Ipswich, Suffolk IP1 3NY3
£175K08/210.4 mi41, Windsor Road, Ipswich, Suffolk IP1 4AN3
£215K11/210.41 mi59, All Saints Road, Ipswich, Suffolk IP1 4DG3
£260K01/230.41 mi22, All Saints Road, Ipswich, Suffolk IP1 4DG3
£220K03/210.41 mi39, All Saints Road, Ipswich, Suffolk IP1 4DG3
£185K02/210.42 mi31, All Saints Road, Ipswich, Suffolk IP1 4DG3
£230K03/210.43 mi32, Geneva Road, Ipswich, Suffolk IP1 3NP3
£185K11/210.43 mi90, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£216.5K11/220.43 mi92, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£161K02/210.44 mi26, Hampton Road, Ipswich, Suffolk IP1 4AP3
£170K07/230.45 mi141, Ranelagh Road, Ipswich, Suffolk IP2 0AF3
£425K11/220.46 mi14, Westwood Avenue, Ipswich, Suffolk IP1 4EQ3
£200K01/230.46 mi97, Richmond Road, Ipswich, Suffolk IP1 4DL3
£155K04/210.47 mi32, Riverside Road, Ipswich, Suffolk IP1 4AR3

Local Rents

25 rents from £900/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£98504/240.1 mi-3
£1,15002/240.12 mi-3
£95003/240.15 miElliott Street, Ipswich3
£1,00005/240.16 miBulwer Road, Ipswich3
£1,00005/240.16 miBulwer Road3
£99506/240.16 miDillwyn Street West, Ipswich3
£99506/240.16 miDillwyn Street West, Ipswich3
£1,25003/240.33 mi-3
£1,20012/240.36 mi-3
£1,20003/250.36 mi-3
£1,12504/240.43 miBramford Lane, IPSWICH3
£1,25005/240.48 mi-3
£1,19504/240.51 miBramford Road, Ipswich, Suffolk, IP13
£1,15003/250.51 mi-3
£1,45004/240.52 miBroom Hill Road, IPSWICH3
£1,00006/240.53 miBramford Road, Ipswich3
£90003/240.54 miBramford Road, Ipswich3
£2,20003/250.54 mi-3
£1,20003/240.54 miCurriers Lane, Ipswich3
£95008/240.55 miRanelagh Road, Ipswich3
£92504/240.56 miBramford Lane, Ipswich3
£1,25004/240.56 miMuseum Street, Ipswich3
£95004/240.6 miKingston Road, Ipswich3
£1,25006/240.6 miPutney Close, IPSWICH3
£1,00004/240.6 miBramford Road, IP1, Ipswich 3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.27 miles away

Nearest school

0.10 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Price changed to £175,000

February 16, 2025

Price changed to £190,000

February 4, 2025

Listed for £200,000

January 15, 2025

Floor Plans

Description

Abbotts is pleased to bring to market this spacious 3 bedroom end of terraced home, just a 15 minute walk into Ipswich town centre.

When you enter the home, you walk into a welcoming living area which follows through into a dining room with stairs heading upstairs, and a door to the kitchen. Downstairs also offers a rear lobby, the bathroom and a low maintenance garden.

Upstairs are 3 good sized bedrooms.

The home has been maintained by the current owner but could benefit from some cosmetic work or modernisation, making it perfect for someone looking to put their mark on their home. It would also suit investors, as there is always high demand for properties in such close proximity to town.

Agent Details

Abbotts, Ipswich

01473 943898

Next Steps?

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