2 Bed Terraced House, Refurb/BRRR, Ipswich, IP2 8DU, £80,000

28 Bradley Street, Ipswich, Suffolk, IP2 8DU - 6 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 6%
70 m²
+14 photos

ValuationFair Value

Sold Prices£100K - £290K
Sold Prices/m²£1.3K/m² - £3.7K/m²

 

 

Square Metres

70 m²
Price/m²£1.1K/m²

Value Estimate

£80,800

 

 

End Value (After Refurb)

£164,554

Uplift in Value

+106%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£32,778

Bridging Loan Interest

£2,100

Total Cash In

£60,228

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£164,554

Agent Fees (1%)

£1,646

Bridging Loan

£60,000

Bridging Loan Interest

£2,100

Flip Profit

£42,680

Local Sold Prices

50 sold prices from £100K to £290K, average is £170K. £1.3K/m² to £3.7K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£167.5K05/230.02 mi11, Bradley Street, Ipswich, Suffolk IP2 8DU2
£145K06/210.03 mi1, Ashley Street, Ipswich, Suffolk IP2 8DS2
£130K02/210.04 mi4, Ashley Street, Ipswich, Suffolk IP2 8DS2
£215K02/230.06 mi88, Rectory Road, Ipswich, Suffolk IP2 8EQ2
£130K10/220.06 mi62, Pauline Street, Ipswich, Suffolk IP2 8DL2
£143K07/210.06 mi31, Pauline Street, Ipswich, Suffolk IP2 8DN2
£143K07/210.06 mi31, Pauline Street, Ipswich, Suffolk IP2 8DN2
£125K11/220.06 mi17, Pauline Street, Ipswich, Suffolk IP2 8DN2
£120K10/200.06 mi14, Pauline Street, Ipswich, Suffolk IP2 8DN2
£167K12/200.07 mi2, Littles Crescent, Ipswich, Suffolk IP2 8DP2
£203K11/220.07 mi52, Littles Crescent, Ipswich, Suffolk IP2 8DP2
£121.5K05/210.07 mi33, Pauline Street, Ipswich, Suffolk IP2 8DN2
£135K06/210.07 mi10, Pauline Street, Ipswich, Suffolk IP2 8DN2
£225K12/220.08 mi35, Martin Road, Ipswich, Suffolk IP2 8BJ2
£123K05/210.09 mi20, Turin Street, Ipswich, Suffolk IP2 8DQ2
£170K07/230.1 mi18, Philip Road, Ipswich, Suffolk IP2 8BH2
£220K02/230.1 mi18, Seymour Road, Ipswich, Suffolk IP2 8EN2
£148K10/200.1 mi24, Rectory Road, Ipswich, Suffolk IP2 8EH2
£177.5K07/210.15 mi5, Brickfield Close, Ipswich, Suffolk IP2 8HJ2
£163K02/210.15 mi26, Philip Road, Ipswich, Suffolk IP2 8BQ2
£140K12/200.15 mi104, Wherstead Road, Ipswich, Suffolk IP2 8JP2
£112K06/230.16 mi30, Tyler Street, Ipswich, Suffolk IP2 8HF2
£100K12/220.2 mi23, Bulstrode Road, Ipswich, Suffolk IP2 8HA2
£170K07/210.2 mi16, Sinclair Drive, Ipswich, Suffolk IP2 8HZ2
£140K03/230.28 mi24, Maidenhall Approach, Ipswich, Suffolk IP2 8NX2
£152K10/200.32 mi18, Cowell Street, Ipswich, Suffolk IP2 8LA2
£200K08/210.48 mi154, Heatherhayes, Ipswich, Suffolk IP2 9SG2
£240K02/230.48 mi129, Heatherhayes, Ipswich, Suffolk IP2 9SG2
£260K03/230.53 mi2, Yew Court, Ipswich, Suffolk IP2 9TU2
£220K02/230.6 mi1, Thornhayes Close, Ipswich, Suffolk IP2 9SB2
£190K06/210.62 mi11, Heatherhayes, Ipswich, Suffolk IP2 9DE2
£200K12/220.65 mi49, Ranelagh Road, Ipswich, Suffolk IP2 0AD2
£130K10/200.65 mi29, Ranelagh Road, Ipswich, Suffolk IP2 0AD2
£180K02/210.66 mi176, Ranelagh Road, Ipswich, Suffolk IP2 0AB2
£212K08/210.68 mi141, Back Hamlet, Ipswich, Suffolk IP3 8AW2
£190K11/210.79 mi12, Mitre Way, Ipswich, Suffolk IP3 8DH2
£160K03/210.79 mi70, Woodbridge Road, Ipswich, Suffolk IP4 2NG2
£215K02/230.79 mi20, Mitre Way, Ipswich, Suffolk IP3 8DH2
£177.5K06/210.79 mi6, Mitre Way, Ipswich, Suffolk IP3 8DH2
£168.5K01/210.8 mi13, Cobbold Street, Ipswich, Suffolk IP4 2DN2
£290K03/230.82 mi10, Oulton Road, Ipswich, Suffolk IP3 0QD2
£230K07/230.82 mi46, St Georges Street, Ipswich, Suffolk IP1 3LH2
£185K01/210.84 mi67, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£175K12/200.87 mi69, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£130K11/200.88 mi24, Cemetery Road, Ipswich, Suffolk IP4 2EP2
£190K04/210.88 mi12, Arthurs Terrace, Ipswich, Suffolk IP4 2NN2
£150K03/230.9 mi9, Elliott Street, Ipswich, Suffolk IP1 2HN2
£230K12/200.91 mi21, Palmerston Road, Ipswich, Suffolk IP4 2NU2
£226K12/220.91 mi53, High Street, Ipswich, Suffolk IP1 3QL2
£179K06/210.91 mi18, Lancaster Road, Ipswich, Suffolk IP4 2NY2

Local Rents

49 rents from £650/mo to £2.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,10004/240.01 mi-2
£79506/240.02 miShelley Street, Ipswich, IP22
£90004/240.04 miHartley Street, Ipswich, Suffolk, IP22
£1,00001/240.04 miHartley Street, Ipswich2
£82508/240.06 miPauline Street, Ipswich, IP22
£1,10012/240.07 mi-2
£90004/240.1 miCroft Street, Ipswich, IP22
£1,10007/240.1 miMartin Road, Ipswich, IP22
£95007/240.11 miBruff Road, Ipswich, Suffolk, IP22
£2,60005/240.12 mi-2
£90004/240.13 miAustin Street, Ipswich, Suffolk2
£90005/240.13 miAustin Street, Ipswich, Suffolk2
£90006/240.13 miAustin Street, Ipswich, Suffolk2
£1,10008/240.15 miPhilip Road, IPSWICH2
£92505/240.17 miStoke Street, IP2, Ipswich2
£90008/240.2 miBruff Road, Ipswich2
£97504/240.2 mi-2
£97503/240.2 mi-2
£82501/240.23 miBelstead Avenue, Ipswich, Suffolk, IP22
£87504/240.24 miWherstead Road, Ipswich, Suffolk, IP22
£85006/240.24 miWherstead Road, Ipswich2
£90006/240.24 miWherstead Road, Ipswich, Suffolk, IP22
£65006/240.24 miApt Wherstead Road, Ipswich, IP22
£85008/240.24 miWherstead Road, Ipswich, IP22
£85008/240.24 miWherstead Road, Ipswich, IP22
£80004/240.25 miStokebridge Maltings, Ipswich, IP22
£1,15004/250.26 mi-2
£1,00007/240.26 miStoke Quay, IP22
£95008/240.26 miStoke Quay, Ipswich, IP22
£98508/240.26 miStoke Quay, Ipswich2
£98509/240.26 miStoke Quay, Ipswich2
£82506/240.26 miRapier Street, IP22
£85007/240.26 miRapier Street, Ipswich, IP22
£80005/240.31 miBurrell Road, Ipswich, IP22
£95008/240.31 miCowell Street, Ipswich, Suffolk, IP22
£1,10001/240.32 miWentworth House, Burrell Road2
£1,25001/240.32 miWentworth House, Ipswich2
£95008/240.33 miCranfield Mill, College Street, Ipswich2
£1,05004/240.33 miCollege Street, IPSWICH2
£1,60004/240.33 miThe Winerack, Penthouse Apartment2
£1,00004/240.33 miFoundry The Mill, College Street, Ipswich2
£85007/240.34 miThe Mill, College Street, Ipswich, Suffolk, IP42
£89506/240.34 miThe Mill2
£1,60004/240.35 miKey Street, The Winerack Key Street, IP42
£1,10006/240.35 miKey Street, IPSWICH2
£1,30009/240.35 miKey Street, IPSWICH2
£1,00001/240.35 miKey Street, Ipswich2
£1,10005/240.35 miThe Winerack, Ipswich2
£1,15009/240.35 miThe Winerack, Key Street, Ipswich2

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

0.88 miles away

Nearest school

0.20 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £80,000

February 7, 2025

Floor Plans

Description

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

Lot Number 6

28 Bradley Street
Ipswich
Suffolk
IP28DU

Guide Price:
£80,000 - £100,000

A rare opportunity to acquire this unusual end-of-terrace property requiring full refurbishment located in a popular residential area to the south of Ipswich wet docks and consequently providing convenient access to shops and facilities. The property offers excellent potential, and features a through lounge/diner, a kitchen/breakfast room, and a ground floor cloakroom. It also benefits from two small private courtyard gardensone accessible from both the main living area and the kitchen, and a second situated between the house and the detached garage, which features an electric roller shutter door and a personal access door into the courtyard. Upstairs, there are two bedrooms and a first-floor bathroom. A fantastic investment or renovation project.

Tenure: Freehold

EPC: TBC

END OF TERRACE
UNIQUE LAYOUT
DETACHED GARAGE
2 COURTYARD GDNS.
REQ. REFURBISHMENT
IDEAL SPEC. PROJECT
PRICED FOR AUCTION

Open viewings have been arranged for:

Thu 13 Feb - 10:45 - 11:45
Sat 15 Feb - 10:45 - 11:45
Mon 17 Feb - 13:45 - 14:45

(10 Minute viewing slots
MUST be pre-booked)

Vendors Solicitors
Miss Millie Jay
Birketts LLP
Providence House
141-145 Princes Street,
Ipswich,
IP1 1QJ

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 💪