3 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP1 2HS, £295,000

Burlington Road, Ipswich, IP1 2HS - 2 views - 2 months ago

Refurb/BRRR
ROI: 2%
~122 m²
+21 photos

ValuationOvervalued

Sold Prices£105K - £525K
Sold Prices/m²£1K/m² - £3.9K/m²

 

 

Square Metres

~122.40 m²
Price/m²£2.4K/m²

Value Estimate

£276,658

 

 

End Value (After Refurb)

£274,030

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£57,017

Bridging Loan Interest

£7,744

Total Cash In

£160,960

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£274,030

Mortgage (After Refinance)

£205,522

Mortgage LTV

75%

Cash Left In

£160,960

Equity

£68,507

Rent Range

£950 - £3,500

Rent Estimate

£1,368

Running Costs/mo

£1,150

Cashflow/mo

£218

Cashflow/yr

£2,617

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £105K to £525K, average is £215K. £1K/m² to £3.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£135K03/210.12 mi23, Elliott Street, Ipswich, Suffolk IP1 2HN3
£110K04/210.12 mi63, Elliott Street, Ipswich, Suffolk IP1 2HJ3
£165K07/210.16 mi11, Wilberforce Street, Ipswich, Suffolk IP1 2JP3
£285K03/230.18 mi43, Clarkson Street, Ipswich, Suffolk IP1 2JN3
£195K09/210.18 mi86, Victoria Street, Ipswich, Suffolk IP1 2JX3
£105K07/210.19 mi6, Firmin Close, Ipswich, Suffolk IP1 2BF3
£168K11/200.23 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£168K11/200.23 mi64, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£165K03/230.23 mi6, Cullingham Road, Ipswich, Suffolk IP1 2EG3
£130K03/230.25 mi3, Surrey Road, Ipswich, Suffolk IP1 2LE3
£350K03/210.28 mi30, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£325K03/230.28 mi41, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£144.2K07/210.28 mi61, Sirdar Road, Ipswich, Suffolk IP1 2LB3
£284K04/210.28 mi25, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£165K02/210.3 mi16, Curriers Lane, Ipswich, Suffolk IP1 2AH3
£236.5K03/210.32 mi66, Newson Street, Ipswich, Suffolk IP1 3NY3
£147K09/210.32 mi57, Sirdar Road, Ipswich, Suffolk IP1 2LD3
£167.5K08/210.33 mi4, Cardigan Street, Ipswich, Suffolk IP1 3PF3
£230K03/210.33 mi32, Geneva Road, Ipswich, Suffolk IP1 3NP3
£205K06/230.37 mi9, Wellington Street, Ipswich, Suffolk IP1 2NT3
£178K07/210.38 mi120, Bramford Road, Ipswich, Suffolk IP1 2LL3
£265K04/230.42 mi59, High Street, Ipswich, Suffolk IP1 3QL3
£205K09/210.42 mi36, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£190K10/200.42 mi30, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£240K01/230.42 mi20, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£243K02/210.44 mi64, Anglesea Road, Ipswich, Suffolk IP1 3PN3
£121K12/200.45 mi23, Chevallier Street, Ipswich, Suffolk IP1 2PF3
£170K07/230.46 mi141, Ranelagh Road, Ipswich, Suffolk IP2 0AF3
£220K03/230.46 mi75, Ranelagh Road, Ipswich, Suffolk IP2 0AD3
£125K04/210.48 mi179, Bramford Road, Ipswich, Suffolk IP1 4AA3
£230K01/230.48 mi152, Bramford Road, Ipswich, Suffolk IP1 4AB3
£240K02/230.48 mi11, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£525K10/200.5 mi32, Broughton Road, Ipswich, Suffolk IP1 3QR3
£340K07/210.5 mi6, Valley Road, Ipswich, Suffolk IP1 4ED3
£167K08/210.5 mi27, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£195K04/230.5 mi7, Bramford Lane, Ipswich, Suffolk IP1 4DB3
£229K07/230.52 mi18, Blenheim Road, Ipswich, Suffolk IP1 4EB3
£265K07/230.52 mi35, Tower Mill Road, Ipswich, Suffolk IP1 4QF3
£300K11/200.53 mi21, Warrington Road, Ipswich, Suffolk IP1 3QU3
£242K07/230.54 mi25, Hadleigh Road, Ipswich, Suffolk IP2 0EP3
£233K12/220.57 mi75, Bramford Lane, Ipswich, Suffolk IP1 4DF3
£270K11/210.57 mi100, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£180K02/210.57 mi74, Hadleigh Road, Ipswich, Suffolk IP2 0ER3
£215K05/210.57 mi3, Turret Lane, Ipswich, Suffolk IP4 1DT3
£425K11/220.57 mi14, Westwood Avenue, Ipswich, Suffolk IP1 4EQ3
£215K11/210.59 mi59, All Saints Road, Ipswich, Suffolk IP1 4DG3
£260K01/230.59 mi22, All Saints Road, Ipswich, Suffolk IP1 4DG3
£220K03/210.59 mi39, All Saints Road, Ipswich, Suffolk IP1 4DG3
£185K02/210.6 mi31, All Saints Road, Ipswich, Suffolk IP1 4DG3
£325K12/220.6 mi32, Lower Brook Street, Ipswich, Suffolk IP4 1AL3

Local Rents

21 rents from £950/mo to £3.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£99506/240.08 miDillwyn Street West, Ipswich3
£99506/240.08 miDillwyn Street West, Ipswich3
£95003/240.12 miElliott Street, Ipswich3
£1,00005/240.22 miBulwer Road, Ipswich3
£1,00005/240.22 miBulwer Road3
£1,25003/240.25 mi-3
£1,20003/240.3 miCurriers Lane, Ipswich3
£98504/240.3 mi-3
£1,15003/250.32 mi-3
£1,15002/240.32 mi-3
£1,25004/240.33 miMuseum Street, Ipswich3
£2,20003/250.33 mi-3
£1,25005/240.39 mi-3
£1,20012/240.42 mi-3
£1,20003/250.42 mi-3
£3,50003/240.44 mi-3
£2,50006/240.44 mi-3
£95008/240.46 miRanelagh Road, Ipswich3
£1,59504/240.54 miWentworth House, Burrell Road, Ipswich3
£1,30001/240.57 miTurret Lane, Ipswich, Suffolk, IP43
£1,10001/240.62 miBurrell Road, Ipswich3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.05 miles away

Nearest school

0.10 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £295,000

February 21, 2025

Floor Plans

Description

  • Charming Victorian Home +
  • Fantastic Modernisation Project +
  • Three Double Bedrooms +
  • Short Walk To Ipswich Town Centre +
  • Easy Access to A12/A14 +
  • Parking On Driveway +
  • South East Facing Walled Rear Garden +
  • Original Period Features +
  • Great Rail Links To London Liverpool Street +
  • New Boiler Installed 2024 +

*FANTASTIC RESTORATION OR MODERNISATION PROJECT* *NO ONWARD CHAIN*

Charming three bedroom Victorian semi detached home for sale to the West of Ipswich. Conveniently located within easy walking distance of local amenities and Ipswich town centre. Short distance to Ipswich train station where the fast train reaches London Liverpool Street in 1hr, and easy access to A12/A14 with links to neighbouring Essex and the picturesque Suffolk Coast - an area of Outstanding Natural Beauty.

The house itself boasts many original features including William Shakespeare cast above the front door, classic Victorian tiled front path and cast iron ornate window decor. Inside there are high ceilings throughout, rustic wooden doors, ornate ceiling roses and hidden fireplaces waiting to be restored.

Steps lead up in to the property where the hallway stretches along the length of the house. The sitting and dining rooms are open plan but can be separated with the wooden bifold doors if preferred. Tall windows to two aspects allow plenty of natural daylight.

At the end of the hallway there is a step down in to the kitchen which has been updated in 2021 to included light grey wall and base units with wood effect worktop. Access to the rear garden is via a small set of descending steps leading from the kitchen. In addition there is a handy utility area and separate ground floor shower room at the far end behind the kitchen.

Access to the basement is via the cupboard under the stairs - the basement is in its raw condition, providing a useful storage area, and even features the original coal shaft.

Upstairs there is the large primary bedroom to the front of the property, second large double bedroom to the middle, and third smaller double bedroom to the rear. All of the bedrooms have lovely views, none of which are overlooked by neighbouring houses. On this floor there is another bathroom and separate WC, along with handy airing cupboard.

The South East facing rear garden has brick walls to all borders, circular lawn to the centre with flower beds to all edges. There is a paved patio area near to the house which provides a sun trap ideal for outdoor dining in summer months. The side access gate leads out to the front driveway and landscaped garden.

This property would make a great restoration or modernisation project - an absolute must see!

Sitting Room - 13'4" (4.06m) x 12'10" (3.91m)

Dining Room - 11'8" (3.56m) x 11'2" (3.4m)

Kitchen - 11'0" (3.35m) x 10'8" (3.25m)

Shower Room - 7'4" (2.24m) x 6'10" (2.08m)

Utility Area - 7'4" (2.24m) x 4'2" (1.27m)

Bedroom One - 13'4" (4.06m) x 12'0" (3.66m)

Bedroom Two - 11'7" (3.53m) x 11'2" (3.4m)

Bedroom Three - 10'8" (3.25m) x 8'3" (2.51m)

Bathroom - 9'10" (3m) x 4'7" (1.4m)

Basement (Total) - 11'7" (3.53m) x 17'5" (5.31m)

what3words /// chill.hopes.quiet

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Riverdale Estates Ltd, Ipswich

01473 217600

Next Steps?

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