3 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP1 4HQ, £250,000

131 Westholme Road, Ipswich, IP1 4HQ - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+4 photos

ValuationOvervalued

Sold Prices£168K - £355K
Sold Prices/m²£2.1K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£241,508

 

 

End Value (After Refurb)

£244,125

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£43,322

Bridging Loan Interest

£6,563

Total Cash In

£130,334

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,125

Mortgage (After Refinance)

£183,094

Mortgage LTV

75%

Cash Left In

£130,334

Equity

£61,031

Rent Range

£895 - £3,750

Rent Estimate

£1,240

Running Costs/mo

£1,031

Cashflow/mo

£209

Cashflow/yr

£2,509

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £168K to £355K, average is £242.5K. £2.1K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£220K09/210.08 mi18, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£252K06/230.08 mi17, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£270K06/210.08 mi56, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£230K01/210.08 mi46, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£202K01/210.08 mi6, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£222K03/210.09 mi3, Silverdale Close, Ipswich, Suffolk IP1 4JF3
£245K12/220.1 mi14, Mornington Avenue, Ipswich, Suffolk IP1 4LA3
£232K11/200.1 mi31, Princedale Close, Ipswich, Suffolk IP1 4JG3
£285K09/210.1 mi32, Silverdale Close, Ipswich, Suffolk IP1 4JF3
£280K01/230.11 mi10, Ashcroft Road, Ipswich, Suffolk IP1 6AA3
£230K12/220.11 mi362, Norwich Road, Ipswich, Suffolk IP1 4EJ3
£238K03/210.17 mi451, Norwich Road, Ipswich, Suffolk IP1 5DW3
£325K12/220.17 mi32, Dales View Road, Ipswich, Suffolk IP1 4HL3
£280K03/210.18 mi15, Highfield Road, Ipswich, Suffolk IP1 6DA3
£289K02/230.18 mi34, Brookfield Road, Ipswich, Suffolk IP1 4EN3
£230K12/200.19 mi32, Kensington Road, Ipswich, Suffolk IP1 4LD3
£265K05/230.19 mi77, Ashcroft Road, Ipswich, Suffolk IP1 6AD3
£290K04/230.19 mi65, Ashcroft Road, Ipswich, Suffolk IP1 6AD3
£292K03/230.19 mi63, Ashcroft Road, Ipswich, Suffolk IP1 6AD3
£252.5K02/210.19 mi39, Ashcroft Road, Ipswich, Suffolk IP1 6AD3
£235K02/230.19 mi49, Ashcroft Road, Ipswich, Suffolk IP1 6AD3
£253K01/210.19 mi71, Ashcroft Road, Ipswich, Suffolk IP1 6AD3
£355K06/230.19 mi10, Westholme Road, Ipswich, Suffolk IP1 4HH3
£168K03/210.19 mi11, Cromer Road, Ipswich, Suffolk IP1 5ER3
£290K01/230.2 mi43, Deben Road, Ipswich, Suffolk IP1 5EL3
£235K12/200.21 mi463, Norwich Road, Ipswich, Suffolk IP1 5DR3
£240K01/210.21 mi6, Springfield Lane, Ipswich, Suffolk IP1 4EL3
£254K06/230.22 mi7, Kensington Road, Ipswich, Suffolk IP1 4LB3
£205K01/210.22 mi7, Kensington Road, Ipswich, Suffolk IP1 4LB3
£232K11/200.22 mi97, Kensington Road, Ipswich, Suffolk IP1 4LB3
£185K12/200.22 mi99, Kensington Road, Ipswich, Suffolk IP1 4LB3
£337K11/210.24 mi34, Kelvin Road, Ipswich, Suffolk IP1 5EH3
£298K05/230.24 mi8, Elmcroft Road, Ipswich, Suffolk IP1 6NA3
£250K09/210.25 mi110, Ashcroft Road, Ipswich, Suffolk IP1 6AD3
£198K09/210.25 mi33, Kitchener Road, Ipswich, Suffolk IP1 4DT3
£190K12/200.25 mi18, Kitchener Road, Ipswich, Suffolk IP1 4DT3
£185K04/230.25 mi24, Kitchener Road, Ipswich, Suffolk IP1 4DT3
£280K06/210.26 mi24, Everton Crescent, Ipswich, Suffolk IP1 6DB3
£240K01/210.26 mi28, Everton Crescent, Ipswich, Suffolk IP1 6DB3
£285K05/230.26 mi25, Everton Crescent, Ipswich, Suffolk IP1 6DB3
£220K08/210.27 mi39, Springfield Lane, Ipswich, Suffolk IP1 4EW3
£275K08/210.27 mi124, Ashcroft Road, Ipswich, Suffolk IP1 6AE3
£267.5K01/210.27 mi12, Beechcroft Road, Ipswich, Suffolk IP1 6BB3
£210.5K07/210.27 mi12, Lister Road, Ipswich, Suffolk IP1 5EQ3
£191.5K08/230.27 mi26, Lister Road, Ipswich, Suffolk IP1 5EQ3
£217.5K03/210.27 mi55, Sherrington Road, Ipswich, Suffolk IP1 4HT3
£190K04/210.28 mi14, Westbourne Road, Ipswich, Suffolk IP1 5EW3
£250K12/200.28 mi3, Chelsea Close, Ipswich, Suffolk IP1 6DE3
£250K09/210.28 mi73, Cromer Road, Ipswich, Suffolk IP1 5EP3
£207K08/210.29 mi73, Westbourne Road, Ipswich, Suffolk IP1 5EJ3

Local Rents

33 rents from £895/mo to £3.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05005/240.19 miAshcroft Road, Ipswich, IP13
£1,40011/230.19 mi-3
£95003/240.19 miCromer Road, Ipswich, Suffolk, IP13
£3,75007/240.24 mi-3
£1,40011/240.31 mi-3
£1,29505/240.32 miPine Avenue, Ipswich3
£1,45004/240.33 miBroom Hill Road, IPSWICH3
£1,10004/240.35 miChesterfield Drive, Ipswich, IP13
£1,25006/240.36 miPutney Close, IPSWICH3
£1,30010/240.37 mi-3
£99506/240.38 miBramford Lane, Ipswich3
£99506/240.38 miBramford Lane, Ipswich3
£92504/240.38 miBramford Lane, Ipswich3
£1,12504/240.39 miBramford Lane, IPSWICH3
£95004/240.41 miKingston Road, Ipswich3
£1,30004/250.43 mi-3
£92501/240.43 mi-3
£1,40003/240.46 miAshcroft Road, Ipswich3
£89504/240.46 miWallace Road, Ipswich, Suffolk, IP13
£90003/240.46 miBramford Road, Ipswich3
£1,00006/240.48 miBramford Road, Ipswich3
£1,00004/240.49 miBramford Road, IP1, Ipswich 3
£1,20005/240.5 miHighfield Road, Ipswich3
£1,15004/240.5 miWallace Road, IPSWICH3
£1,19504/240.51 miBramford Road, Ipswich, Suffolk, IP13
£1,27512/240.51 mi-3
£1,35012/240.51 mi-3
£1,20004/240.52 miCedarcroft Road, Ipswich, Suffolk3
£1,05012/240.55 mi-3
£1,40005/240.56 miSproughton Road, Ipswich, IP13
£1,36005/240.59 mi-3
£1,20012/240.59 mi-3
£1,20003/250.59 mi-3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.68 miles away

Nearest school

0.30 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £250,000

February 7, 2025

Floor Plans

Description

  • Semi-Detached House +
  • Three Bedrooms +
  • Lounge/Diner +
  • Kitchen +
  • Shower Room +
  • Driveway +
  • Garden +
  • Popular Location +

This delightful semi-detached home on Westholme Road provides an excellent opportunity for those seeking a family home in Ipswich. With its three well-proportioned bedrooms, the property is perfectly suited for a family looking to settle in a welcoming community.

The house benefits from lounge/diner, kitchen, first floor shower room and off-road parking, a feature highly valued in this area, offering convenient access to the home. Furthermore, the property holds potential for improvement, allowing new owners to tailor the space to their preferences, whether through renovation or extension (subject to necessary permissions).

Call for more info.

Entrance Door - Leading to hallway with stairs to first floor and radiator.

Lounge/Diner - 8.15m x 3.71m (26'9 x 12'2 ) - Bay window to front, two radiators and French doors to rear.

Kitchen - 2.84m x 2.06m (9'4 x 6'9 ) - Fitted with a range of base units and drawers and matching wall mounted cabinets, sink and drainer, space for washing machine, space for tumble dryer, hob with extractor, built in oven, tiled splashbacks, wall mounted boiler, window to rear and space for fridge freezer.

First Floor - Landing with loft access and built in cupboard.

Bedroom One - 4.14m x 3.20m (13'7 x 10'6 ) - Bay window, radiator and built in wardrobe.

Bedroom Two - 3.18m 3.96m (10'5 13 ) - Window to front and radiator.

Bedroom Three - 2.87m x 2.18m (9'5 x 7'2 ) - Window to rear and radiator.

Shower Room - Fitted with shower cubicle, w/c, pedestal wash basin, tiled splash backs, radiator and window to front.

Outside - The property benefits from block paved driveway to the front with joint access with the neighbour to the rear. The rear garden is predominately laid to lawn and enclosed by timber fencing.

Agent Details

Keystone, Ipswich

01473 943998

Next Steps?

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