3 Bed Semi-Detached House, Single Let, Ipswich, IP4 5NQ, £190,000

Spring Road, Ipswich, IP4 5NQ - 1 views - 2 months ago

BTL
ROI: 2%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£135K - £500K
Sold Prices/m²£2K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£246,000
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£7,200

Total Cash In

£54,700

 

 

Cash Out

 

Rent Range

£950 - £1,650

Rent Estimate

£950

Running Costs/mo

£804

Cashflow/mo

£146

Cashflow/yr

£1,755

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £135K to £500K, average is £229.5K. £2K/m² to £3.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£188.5K11/220.06 mi302, Spring Road, Ipswich, Suffolk IP4 5NL3
£322.5K11/200.07 mi75, Cauldwell Hall Road, Ipswich, Suffolk IP4 4QG3
£228K11/210.07 mi12, Crabbe Street, Ipswich, Suffolk IP4 5HP3
£180K04/210.09 mi378, Spring Road, Ipswich, Suffolk IP4 5NE3
£230K02/230.1 mi139, Cauldwell Hall Road, Ipswich, Suffolk IP4 5BS3
£240K03/230.11 mi3, Mandy Close, Ipswich, Suffolk IP4 5JE3
£255K02/210.11 mi7, Mandy Close, Ipswich, Suffolk IP4 5JE3
£241K06/210.11 mi44, Kirby Street, Ipswich, Suffolk IP4 4PT3
£219K12/220.12 mi2, Cowper Street, Ipswich, Suffolk IP4 5JD3
£281K11/210.13 mi2, Mandy Close, Ipswich, Suffolk IP4 5JE3
£171K03/230.13 mi274, Spring Road, Ipswich, Suffolk IP4 5NN3
£500K11/220.13 mi33, Cauldwell Hall Road, Ipswich, Suffolk IP4 4QD3
£190K04/210.14 mi38, Upland Road, Ipswich, Suffolk IP4 5BT3
£210K06/230.14 mi38, Upland Road, Ipswich, Suffolk IP4 5BT3
£185K12/200.14 mi16, Ringham Road, Ipswich, Suffolk IP4 5BX3
£180K02/210.14 mi17, Milton Street, Ipswich, Suffolk IP4 4PP3
£240K12/200.16 mi16, Gordon Road, Ipswich, Suffolk IP4 4HL3
£286K09/210.16 mi14, Gordon Road, Ipswich, Suffolk IP4 4HL3
£218K02/210.17 mi709, Woodbridge Road, Ipswich, Suffolk IP4 4NB3
£421.5K11/210.17 mi29, Cowper Street, Ipswich, Suffolk IP4 5JB3
£255K11/200.17 mi12, Crozier Mews, Ipswich, Suffolk IP4 4PA3
£185K06/210.19 mi51, St Johns Road, Ipswich, Suffolk IP4 5DE3
£255K08/210.2 mi82, Nelson Road, Ipswich, Suffolk IP4 4DU3
£345K04/230.2 mi84, St Johns Road, Ipswich, Suffolk IP4 5DG3
£298.8K11/210.2 mi96, Nelson Road, Ipswich, Suffolk IP4 4DU3
£275K05/230.2 mi34, Holland Road, Ipswich, Suffolk IP4 4EF3
£225.5K02/210.21 mi21, Howard Street, Ipswich, Suffolk IP4 4PL3
£206K11/200.21 mi803, Woodbridge Road, Ipswich, Suffolk IP4 4NN3
£246K08/210.22 mi21, Bloomfield Street, Ipswich, Suffolk IP4 5JG3
£240K05/210.22 mi29, Bloomfield Street, Ipswich, Suffolk IP4 5JG3
£190K10/220.22 mi10, Bloomfield Street, Ipswich, Suffolk IP4 5JG3
£200K12/200.23 mi68, St Johns Road, Ipswich, Suffolk IP4 5DQ3
£258K09/210.23 mi11, Rushmere Road, Ipswich, Suffolk IP4 4LD3
£235K01/210.23 mi11, Rushmere Road, Ipswich, Suffolk IP4 4LD3
£220K04/210.23 mi58, Phoenix Road, Ipswich, Suffolk IP4 4ND3
£219K06/210.23 mi20, Phoenix Road, Ipswich, Suffolk IP4 4ND3
£280K05/230.23 mi4, Roundwood Road, Ipswich, Suffolk IP4 4LX3
£213.5K10/220.23 mi32, Phoenix Road, Ipswich, Suffolk IP4 4ND3
£224K03/210.24 mi48, Holland Road, Ipswich, Suffolk IP4 4EE3
£260K02/210.24 mi11, Tokio Road, Ipswich, Suffolk IP4 5BE3
£285K09/210.25 mi45, Tovells Road, Ipswich, Suffolk IP4 4DY3
£205K07/210.25 mi486, Spring Road, Ipswich, Suffolk IP4 5LZ3
£247K12/200.26 mi33, Tokio Road, Ipswich, Suffolk IP4 5BD3
£229K06/230.26 mi25, Reading Road, Ipswich, Suffolk IP4 4NP3
£135K03/210.26 mi90, Freehold Road, Ipswich, Suffolk IP4 5HY3
£162K06/210.26 mi90, Freehold Road, Ipswich, Suffolk IP4 5HY3
£225K07/230.26 mi62, Freehold Road, Ipswich, Suffolk IP4 5HY3
£225K02/230.26 mi19, Reading Road, Ipswich, Suffolk IP4 4NP3
£232K08/210.26 mi3, Masons Close, Ipswich, Suffolk IP4 5AF3
£320K11/210.26 mi77, Freehold Road, Ipswich, Suffolk IP4 5HZ3

Local Rents

50 rents from £950/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05009/240.01 miSpring Road, Ipswich, IP43
£1,05009/240.01 mi-3
£1,40004/240.12 mi-3
£99504/240.14 miUpland Road, Ipswich, IP43
£99507/240.14 miUpland Road, Ipswich, IP43
£1,35004/240.15 mi-3
£1,39511/240.2 mi-3
£1,20006/240.2 miNelson Road, Ipswich, Suffolk, IP43
£99507/240.2 miSt Johns Road, Ipswich, IP43
£1,10012/240.2 mi-3
£1,25002/240.23 mi-3
£95002/240.25 mi-3
£1,30006/240.27 miCauldwell Hall Road, Ipswich, IP43
£1,30007/240.27 miCauldwell Hall Road, Ipswich, IP43
£1,05010/230.28 mi-3
£1,05002/250.28 mi-3
£1,07003/250.28 mi-3
£1,29508/240.31 miStradbroke Road, Ipswich, IP43
£1,29510/240.31 mi-3
£1,20003/250.34 mi-3
£1,65008/240.35 mi-3
£1,30007/240.36 miSt Anthonys Crescent, Ipswich, IP43
£1,25001/240.37 miWoodbridge Road, Ipswich3
£1,20001/240.38 miErnleigh Road, Ipswich, IP43
£95007/240.39 miMeadow Vale Close, Ipswich3
£1,37504/240.39 mi-3
£1,30006/240.39 miMeadowvale Close, Ipswich, IP43
£1,19507/240.39 miLEOPOLD ROAD, Ipswich, IP43
£97501/240.39 miWellesley Road,Ipswich,IP43
£1,10003/250.39 mi-3
£1,20006/240.41 miDarwin Road, Ipswich3
£1,10001/240.41 miDarwin Road, Ipswich, Suffolk, IP43
£1,59507/240.43 miRuskin Road, Ipswich3
£95006/240.43 miSpring Road, Ipswich3
£95006/240.43 miSpring Road, Ipswich3
£1,10010/240.44 mi-3
£95004/240.44 miClifford Road, IP43
£1,00007/240.44 miClifford Road, Ipswich, Suffolk3
£1,45008/240.45 miRuskin Road, Ipswich, Suffolk, IP43
£1,20004/240.46 miBritannia Road, IPSWICH3
£1,20007/240.46 miBritannia Road, IPSWICH3
£1,20007/240.46 miBritannia Road, IPSWICH3
£1,15007/240.46 miHenslow Road, Ipswich3
£1,10007/240.48 miCoronation Road, Ipswich3
£1,30004/240.48 miNorbury Road, IPSWICH3
£1,20005/240.49 miFoxhall Road, Ipswich, Suffolk, IP33
£1,20006/240.51 miWoodbridge Road, Ipswich, IP4 2QU3
£95007/240.51 miRosebery Road, Ipswich, Suffolk, IP43
£1,10004/240.53 miPearce Road, Ipswich, Suffolk, IP33
£1,25004/240.53 miFoxhall Road, Ipswich, Suffolk, IP33

Local Area Statistics

Population in IP4

36,429

Population in Ipswich

219,393

Town centre distance

0.68 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+13%

Property History

Price changed to £190,000

April 1, 2025

Price changed to £195,000

February 28, 2025

Listed for £200,000

February 13, 2025

Description

  • East Ipswich +
  • Two reception Rooms +
  • Three Bedrooms +
  • Good sized garden +
  • Ground floor bathroom +
  • Galley kitchen +
  • Conservatory +
  • Viewing advised +

SUMMARY
Offering two reception rooms, a galley kitchen and conservatory, alongside three bedrooms and a ground floor bathroom, this semi detached house in East Ipswich is well worth viewing.

DESCRIPTION
A three bedroom semi detached house situated in the heart of East Ipswich. Near to local schools, shops and amenities as well as easily accessible to Ipswich Hospital, an early viewing is advised.

Entrance Hall 
With stairs to first floor and door to dining room

Living Room 12' 9" x 12' 1" ( 3.89m x 3.68m )
Bay window to front aspect

Dining Room 12' x 10' 4" ( 3.66m x 3.15m )
Window to rear aspect and door to rear aspect leading into the kitchen.

Kitchen 17' 8" x 7' ( 5.38m x 2.13m )
Window and door to side aspect, fitted with a range of floor and wall units with co-ordinated work surface.

Conservatory 9' 6" x 7' 2" ( 2.90m x 2.18m )
Double glazed, with door to rear to the garden.

Bathroom 
Located at the rear of the property, the bathroom has a three piece suite comprising of low level wc, wash hand basin and bath.

Landing  

Bedroom One 12' 11" x 10' 5" ( 3.94m x 3.17m )
Window to front aspect, built in storage wardrobe

Bedroom Two  10' 5" x 8' 2" ( 3.17m x 2.49m )
Window to rear aspect, built in wardrobe.

Bedroom Three 10' 1" x 6' 9" ( 3.07m x 2.06m )
Window to rear aspect. Please note this room has had some water ingress which has caused some damage.

External Details 
To the rear, the garden is mainly laid to lawn and to the front of the property is an area laid to low maintenance.

Agents Note 
Please note that the property has undergone treatment for Japanese Knotweed in 2024. This was then issued with a guarantee to the present owner for ten years. Further details are available from William H Brown Ipswich East.
We have also been informed that there has been a historic neighbour dispute, which was reported to the local council in July 2021. The seller has confirmed that this has now been resolved.

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 East

01473 943332

Next Steps?

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