Potential 4-Bed HMO, Ipswich, IP2 8DZ, £125,000

3 Station Street, Ipswich, Suffolk, IP2 8DZ - 14 views - 2 months ago

Sold STC
Auction
HMO
ROI: 29%
82 m²
+12 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Room Rate

£533

Gross Rent

£2,132

Running Costs/mo

£1,259

Cashflow/mo

£873

Cashflow/yr

£10,479

ROI

29%

Gross Yield

20%













Property History

Listed for £125,000

February 7, 2025

Floor Plans

Description

For sale by auction on 26/02/2025 at Live Broadcast Auction

Lot Number 2

3 Station Street
Ipswich
Suffolk
IP28DZ

Guide Price:
£125,000 - £150,000

A well-located three-bedroom semi-detached house in South Ipswich, providing excellent access to main roads, the town centre, and the rail station. This property is a fantastic buy-to-let investment with potential for extension or conversion into an HMO (subject to planning approval). The layout features a ground-floor four-piece bathroom and a convenient first-floor WC. With spacious accommodation and strong rental prospects, this property is ideal for investors or buyers looking to add value. Positioned in a high-demand rental area, it ensures excellent accessibility and future growth potential. A great opportunity to secure a property in a sought-after location with strong investment returns.

Tenure: Freehold

EPC: TBC

SOUTH IPSWICH
CLOSE STATION
SPACIOUS ACCOMMODATION
GAS C/H
GROUND FLOOR BATH
FIRST FLOOR WC
IDEAL BTL

Open viewings have been arranged for:

Thu 13 Feb - 09:30 - 10:30
Sat 15 Feb - 09:30 - 10:30
Mon 17 Feb - 12:30 - 13:30

(10 Minute viewing slots
MUST be pre-booked)

Vendors Solicitors
Mrs Nicola Cawthorne
Barker Gotelee Solicitors
41 Barrack Square
Martlesham Heath
Ipswich
IP5 3RF

How is this property being sold?
This property is being sold via a traditional live-streamed AUCTION. To participate, you’ll need to attend the scheduled open viewing, review the Legal Pack available on our website, and ensure your finances are in order, or be ready to proceed without funding.

Properties are sold subject to reserve prices and are chain-free, meaning contracts are immediately exchanged when the hammer falls. If successful, a 10% deposit is required on the same day, with the remaining 90% due upon completion, typically within 28 days. Guide prices reflect the vendor's minimum expectations, and bidding can be done online, by phone, or via proxy.

We don’t charge any Buyers Premium or hidden fees; only a fixed administration fee of £1,200 is applied upon a successful purchase. For any questions about the auction process, please contact our office.

Agent Details

Goldings, Ipswich

01473 210200

Next Steps?

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

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