3 Bed Terraced House, Refurb/BRRR, Ipswich, IP1 3SE, £215,000

Henley Road, Ipswich, IP1 3SE - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£110K - £650K
Sold Prices/m²£1.6K/m² - £5.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£219,548
BMV2%

 

 

End Value (After Refurb)

£274,603

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£11,950

Refurb Costs

£43,322

Bridging Loan Interest

£5,644

Total Cash In

£116,415

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£274,603

Mortgage (After Refinance)

£205,952

Mortgage LTV

75%

Cash Released

£44,702

Cash Left In

£71,713

Equity

£68,651

Rent Range

£925 - £3,800

Rent Estimate

£1,427

Running Costs/mo

£1,164

Cashflow/mo

£263

Cashflow/yr

£3,162

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £110K to £650K, average is £238.3K. £1.6K/m² to £5.7K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£265K04/230.09 mi59, High Street, Ipswich, Suffolk IP1 3QL3
£230K03/210.16 mi32, Geneva Road, Ipswich, Suffolk IP1 3NP3
£236.5K03/210.19 mi66, Newson Street, Ipswich, Suffolk IP1 3NY3
£300K11/200.2 mi21, Warrington Road, Ipswich, Suffolk IP1 3QU3
£167.5K08/210.23 mi4, Cardigan Street, Ipswich, Suffolk IP1 3PF3
£525K10/200.26 mi32, Broughton Road, Ipswich, Suffolk IP1 3QR3
£284K04/210.27 mi25, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£350K03/210.28 mi30, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£325K03/230.28 mi41, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£360K12/200.29 mi54, Warrington Road, Ipswich, Suffolk IP1 3RE3
£262K03/210.4 mi44, Bolton Lane, Ipswich, Suffolk IP4 2BT3
£182K02/210.42 mi11, Withipoll Street, Ipswich, Suffolk IP4 2BZ3
£243K02/210.43 mi64, Anglesea Road, Ipswich, Suffolk IP1 3PN3
£165K07/210.44 mi11, Wilberforce Street, Ipswich, Suffolk IP1 2JP3
£285K03/230.45 mi43, Clarkson Street, Ipswich, Suffolk IP1 2JN3
£205K06/230.46 mi9, Wellington Street, Ipswich, Suffolk IP1 2NT3
£340K07/210.46 mi6, Valley Road, Ipswich, Suffolk IP1 4ED3
£165K02/210.47 mi16, Curriers Lane, Ipswich, Suffolk IP1 2AH3
£400K01/210.49 mi44, Dale Hall Lane, Ipswich, Suffolk IP1 3RY3
£380K07/230.5 mi9, Vermont Road, Ipswich, Suffolk IP4 2SR3
£650K10/220.5 mi10a, Woodstone Avenue, Ipswich, Suffolk IP1 3TE3
£425K11/220.51 mi14, Westwood Avenue, Ipswich, Suffolk IP1 4EQ3
£230K05/210.52 mi89, Hervey Street, Ipswich, Suffolk IP4 2ET3
£225K12/200.52 mi58, Hervey Street, Ipswich, Suffolk IP4 2ET3
£250K02/230.52 mi89, Hervey Street, Ipswich, Suffolk IP4 2ET3
£205K09/210.52 mi36, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£190K10/200.52 mi30, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£240K01/230.52 mi20, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£460K07/230.52 mi9, Westwood Avenue, Ipswich, Suffolk IP1 4EQ3
£155K04/210.53 mi19, Hervey Street, Ipswich, Suffolk IP4 2ES3
£195K09/210.53 mi86, Victoria Street, Ipswich, Suffolk IP1 2JX3
£225K08/210.53 mi9, Cemetery Road, Ipswich, Suffolk IP4 2ER3
£110K04/210.54 mi63, Elliott Street, Ipswich, Suffolk IP1 2HJ3
£147K09/210.55 mi57, Sirdar Road, Ipswich, Suffolk IP1 2LD3
£147K03/210.56 mi26, Norfolk Road, Ipswich, Suffolk IP4 2HB3
£147.6K04/210.56 mi44, Norfolk Road, Ipswich, Suffolk IP4 2HB3
£380K11/200.56 mi65, Tuddenham Road, Ipswich, Suffolk IP4 2SU3
£178K07/210.56 mi120, Bramford Road, Ipswich, Suffolk IP1 2LL3
£144.2K07/210.56 mi61, Sirdar Road, Ipswich, Suffolk IP1 2LB3
£135K03/210.56 mi23, Elliott Street, Ipswich, Suffolk IP1 2HN3
£229K07/230.57 mi18, Blenheim Road, Ipswich, Suffolk IP1 4EB3
£175K04/210.57 mi23, Pine View Road, Ipswich, Suffolk IP1 4HR3
£295K06/230.57 mi23, Pine View Road, Ipswich, Suffolk IP1 4HR3
£335K12/200.58 mi76, Tuddenham Road, Ipswich, Suffolk IP4 2SX3
£375K06/230.58 mi68, Tuddenham Road, Ipswich, Suffolk IP4 2SX3
£130K03/230.58 mi3, Surrey Road, Ipswich, Suffolk IP1 2LE3
£252.3K12/220.58 mi29, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£250K06/210.58 mi28, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£183K04/210.58 mi59, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£305K09/220.58 mi32, Broom Hill Road, Ipswich, Suffolk IP1 4EH3

Local Rents

38 rents from £925/mo to £3.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25005/240.1 mi-3
£1,15003/250.21 mi-3
£1,25003/240.25 mi-3
£2,20003/250.27 mi-3
£1,20012/240.36 mi-3
£1,20003/250.36 mi-3
£1,25004/240.39 miMuseum Street, Ipswich3
£1,30004/240.42 miSt. Margarets Green, Ipswich3
£1,00005/240.43 miBulwer Road, Ipswich3
£1,00005/240.43 miBulwer Road3
£1,10004/240.45 miChapel Mews, 46A Bolton Lane, Ipswich, Suffolk, IP43
£1,20003/240.47 miCurriers Lane, Ipswich3
£1,35004/240.48 miHervey Street, Ipswich, IP43
£1,10010/240.49 mi-3
£1,20008/240.49 miHervey Street, Ipswich, IP43
£99506/240.49 miDillwyn Street West, Ipswich3
£99506/240.49 miDillwyn Street West, Ipswich3
£3,50003/240.5 mi-3
£2,50006/240.5 mi-3
£3,80007/240.52 mi-3
£3,80008/240.52 mi-3
£97503/240.54 mi-3
£97503/240.54 mi-3
£99504/240.55 miNorfolk Road, Ipswich3
£95003/240.56 miElliott Street, Ipswich3
£1,15002/240.56 mi-3
£1,25007/240.56 mi-3
£98504/240.56 mi-3
£1,20004/240.57 mi-3
£1,45004/240.58 miBroom Hill Road, IPSWICH3
£92507/240.6 miCemetery Road, Ipswich, Suffolk, UK, IP43
£1,25006/240.6 miTuddenham Avenue, Ipswich, Suffolk, IP43
£1,30001/240.6 miTurret Lane, Ipswich, Suffolk, IP43
£1,30006/240.6 miTuddenham Avenue3
£1,20007/240.6 miTuddenham Avenue, Ipswich3
£1,29505/240.62 miPine Avenue, Ipswich3
£1,35006/240.62 miTuddenham Road, Ipswich, IP43
£99506/240.62 mi-3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

0.80 miles away

Nearest school

0.10 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Price changed to £215,000

March 12, 2025

Price changed to £230,000

February 12, 2025

Listed for £240,000

February 1, 2025

Floor Plans

Description

  • No onward chain +
  • Excellent renovation project +
  • Three good size bedrooms +
  • Lounge/diner & seperate dining room +
  • Large cellar with conversion potential (STPP) +
  • Walled, West facing courtyard garden +
  • Short walk to Ipswich Town Centre, Train Station & Marina +
  • Neighbouring Christchurch Park +

SUMMARY
*GUIDE PRICE £215,000-£225,000* This end-terraced home would make the perfect renovation project, benefiting from three good size bedrooms, a lounge/diner, a seperate dining room, a large cellar with conversion potential (STPP), a beautiful, walled, West facing courtyard garden and NO ONWARD CHAIN!!

DESCRIPTION
GUIDE PRICE £215,000-£225,000

Entrance Hall 24' 9" x 5' 3" ( 7.54m x 1.60m )
Stunning, long sweeping entrance hall, beaming with character and boasting carpet flooring, one radiator, a door leading to the lounge, internal glazed floor to ceiling windows to the lounge and a door leading to the cellar.

Lounge./Diner 23' 6" x 11' 9" ( 7.16m x 3.58m )
Sash windows to the front and rear, carpet flooring, two radiators, TV point, an gas fireplace with stone surround, a wall papered wall and internal glazed floor to ceiling windows to the hall.

Dining Room 13' 2" x 7' 1" ( 4.01m x 2.16m )
Double glazed window to the side, carpet flooring, one radiator, an understairs storage cupboard, a door leading to the garden and an archway leading to the kitchen.

Kitchen 8' 4" x 6' 9" ( 2.54m x 2.06m )
Eye and base level units in white with grey stone effect worktop surfaces, one radiator, part tiled walls, an integrated oven with gas hob and extractor hood, space for a washing machine, a stainless steel sink plus drainer, tiled flooring and double glazed windows to the side and rear.

Cellar 11' 8" x 16' 6" max ( 3.56m x 5.03m max )
A window to the front, a storage cupboard, exposed brickwork, a brick floor and a 6ft 9" head height (approx). This cellar is currently used for storage.

First Floor Landing 
Gallery style landing with a banister, carpet flooring, one radiator, an airing cupboard, a loft hatch and a sky light window to the rear.

Master Bedroom 12' 1" x 10' 7" ( 3.68m x 3.23m )
Sash window to the front, carpet flooring, one radiator and a built in wardrobe.

Bedroom Two 14' 2" max x 6' 9" ( 4.32m max x 2.06m )
Double glazed window to the rear, carpet flooring and one radiator.

Bedroom Three 12' max x 6' 9" max ( 3.66m max x 2.06m max )
Sash window to the front, carpet flooring and one radiator.

Bathroom 11' 1" x 8' 6" max ( 3.38m x 2.59m max )
Large bathroom, which could be converted to a luxurious four piece bathroom, currently benefiting from a low level WC, wash hand basin, a bath, one radiator and a double glazed window to the rear.

Outside: 

Front Garden 
A walled front border with steps up to the front door.

Rear Garden 
A beautiful, West facing, walled rear garden with views across the neighbouring Victorian town houses. This garden is mainly paved with a pond, an outside tap, hedging, vines and Wisteria.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Ipswich

01473 943298

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