2 Bed Terraced House, Cash/Bridging Only, Ipswich, IP1 2JE, £80,000

Granville Street, Ipswich, IP1 2JE - 2 months ago

Sold STC
Auction
Cash
ROI: 6%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£118K - £300K
Sold Prices/m²£1.3K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£82,400
BMV3%

 

 

End Value (After Refurb)

£163,379

Uplift in Value

+104%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Refurb Costs

£31,728

Bridging Loan Interest

£2,100

Total Cash In

£60,778

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£163,379

Agent Fees (1%)

£1,634

Bridging Loan

£60,000

Bridging Loan Interest

£2,100

Flip Profit

£40,968

Local Sold Prices

50 sold prices from £118K to £300K, average is £176K. £1.3K/m² to £3.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£125K04/210 mi7, Granville Street, Ipswich, Suffolk IP1 2JE2
£137.5K12/200 mi15, Granville Street, Ipswich, Suffolk IP1 2JE2
£170K07/210.08 mi52, Ann Street, Ipswich, Suffolk IP1 3PD2
£142K03/210.08 mi33, Ann Street, Ipswich, Suffolk IP1 3PD2
£158K08/230.08 mi51, Ann Street, Ipswich, Suffolk IP1 3PD2
£180K06/230.09 mi15, Wilberforce Street, Ipswich, Suffolk IP1 2JP2
£237.5K03/230.1 mi36, Orford Street, Ipswich, Suffolk IP1 3NS2
£300K02/210.1 mi23, Alpe Street, Ipswich, Suffolk IP1 3NZ2
£279K08/210.1 mi17, Alpe Street, Ipswich, Suffolk IP1 3NZ2
£185K10/210.14 mi14, Cardigan Street, Ipswich, Suffolk IP1 3PF2
£158K10/210.14 mi40, Rendlesham Road, Ipswich, Suffolk IP1 2LY2
£158K04/230.14 mi14, Rendlesham Road, Ipswich, Suffolk IP1 2LY2
£118K03/210.14 mi47, Rendlesham Road, Ipswich, Suffolk IP1 2LX2
£123K01/210.16 mi24, Dillwyn Street West, Ipswich, Suffolk IP1 2HP2
£210K08/220.18 mi95a, Victoria Street, Ipswich, Suffolk IP1 2JX2
£133K11/200.2 mi69, Elliott Street, Ipswich, Suffolk IP1 2HJ2
£150K03/230.23 mi9, Elliott Street, Ipswich, Suffolk IP1 2HN2
£142.5K02/210.23 mi75, Sirdar Road, Ipswich, Suffolk IP1 2LB2
£230K07/230.29 mi46, St Georges Street, Ipswich, Suffolk IP1 3LH2
£226K12/220.32 mi53, High Street, Ipswich, Suffolk IP1 3QL2
£175K12/200.37 mi69, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£167K04/210.38 mi55, Waterloo Road, Ipswich, Suffolk IP1 4EA2
£185K01/210.38 mi67, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£210K07/230.46 mi20, All Saints Road, Ipswich, Suffolk IP1 4DG2
£195K10/200.47 mi25, Tower Mill Road, Ipswich, Suffolk IP1 4QF2
£227.5K05/230.51 mi18, Sherrington Road, Ipswich, Suffolk IP1 4HX2
£200K09/210.51 mi21, Dhobi Place, Ipswich, Suffolk IP1 4QA2
£160K04/210.52 mi114, Bramford Lane, Ipswich, Suffolk IP1 4DQ2
£145K03/230.56 mi38, Hampton Road, Ipswich, Suffolk IP1 4AP2
£177K11/220.57 mi234, Bramford Road, Ipswich, Suffolk IP1 4AS2
£215K07/230.58 mi42, Richmond Road, Ipswich, Suffolk IP1 4DP2
£140K08/210.58 mi26, Richmond Road, Ipswich, Suffolk IP1 4DP2
£185K06/230.58 mi130, Richmond Road, Ipswich, Suffolk IP1 4DL2
£220K11/210.6 mi55, Allenby Road, Ipswich, Suffolk IP2 0EN2
£217K06/230.6 mi305, Bramford Road, Ipswich, Suffolk IP1 4AT2
£180K02/210.61 mi176, Ranelagh Road, Ipswich, Suffolk IP2 0AB2
£175K04/230.61 mi185, Bramford Lane, Ipswich, Suffolk IP1 4DS2
£290K01/230.62 mi20, Kensington Road, Ipswich, Suffolk IP1 4LD2
£165K03/210.63 mi22, Surbiton Road, Ipswich, Suffolk IP1 4AX2
£200K12/220.64 mi49, Ranelagh Road, Ipswich, Suffolk IP2 0AD2
£130K10/200.64 mi29, Ranelagh Road, Ipswich, Suffolk IP2 0AD2
£170K03/210.64 mi17, Surbiton Road, Ipswich, Suffolk IP1 4AX2
£160K08/210.65 mi42, Surbiton Road, Ipswich, Suffolk IP1 4AX2
£172.5K09/210.65 mi57, Surbiton Road, Ipswich, Suffolk IP1 4AX2
£185K01/230.65 mi3, Riverside Road, Ipswich, Suffolk IP1 4AR2
£185K09/210.67 mi34, Fulham Way, Ipswich, Suffolk IP1 4FD2
£211.8K06/230.68 mi62, Bolton Lane, Ipswich, Suffolk IP4 2BY2
£168.5K01/210.72 mi13, Cobbold Street, Ipswich, Suffolk IP4 2DN2
£175K12/200.74 mi348, Norwich Road, Ipswich, Suffolk IP1 4EJ2
£189K12/220.75 mi276, Bramford Lane, Ipswich, Suffolk IP1 4ES2

Local Rents

51 rents from £695/mo to £1.9K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£87512/240.01 mi-2
£1,15012/240.08 mi-2
£1,80004/250.08 mi-2
£85004/240.08 miAnn Street, Ipswich, IP12
£90005/240.08 miAnn Street, Ipswich, IP12
£85012/240.09 mi-2
£1,00003/240.1 mi-2
£90003/240.1 miBulwer Road, Ipswich, Suffolk, IP12
£85006/240.11 mi25 Elm Street, Ipswich, IP12
£85004/240.14 miRendlesham Road, Ipswich2
£85004/240.14 miRendlesham Road, IP12
£90004/240.16 miRendlesham Road, Ipswich, Suffolk, IP12
£92505/240.17 miNewson Street, Ipswich2
£69512/230.19 mi-2
£95005/240.2 miBurlington Road, Ipswich2
£82505/240.22 miBerners Street, IP1 2
£86003/240.23 mi-2
£95005/240.24 miWellington Street, IPSWICH2
£1,20004/240.24 mi-2
£1,05011/240.24 mi-2
£1,40004/240.25 mi-2
£87501/240.26 mi-2
£1,10011/240.26 mi-2
£1,10011/240.26 mi-2
£85005/240.26 miBerners Street2
£80006/240.27 miLondon Road, Ipswich2
£77504/240.27 miLondon Road, Ipswich, IP12
£95003/240.27 mi-2
£90012/240.27 mi-2
£89506/240.28 miProvidence Lane, Ipswich, IP12
£79505/240.29 miSt. Georges Street, IPSWICH2
£82504/240.31 miChevallier Street, Ipswich, IP12
£85002/250.32 mi-2
£1,85004/240.32 mi-2
£1,40005/240.32 mi-2
£1,55009/240.32 mi-2
£1,40011/240.32 mi-2
£1,40003/250.32 mi-2
£1,55001/250.32 mi-2
£1,84004/240.32 mi-2
£1,84006/240.32 mi-2
£1,84012/240.32 mi-2
£1,50004/250.32 mi-2
£85004/240.33 miNorwich Court, Chevallier Street, Ipswich, Suffolk, IP12
£82505/240.33 miNorwich Court, Chevallier Street, Ipswich, Suffolk, IP12
£80004/240.33 miChevallier Street, Ipswich, Suffolk, IP12
£82504/240.34 mi-2
£87506/240.37 miCullingham Road, Ipswich, IP12
£99504/240.37 miFonnereau Road, Ipswich2
£1,20006/240.39 miMuseum Street, Ipswich2
£87505/240.39 miYeoman Close, Ipswich, IP12

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

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £80,000

February 21, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Full refurbishment project +
  • Excellent Buy to Let opportunity +
  • No onward chain +
  • Permit parking +
  • Walled, courtyard rear garden +

SUMMARY
Calling CASH buyers This two bedroom end-terraced home requires a full refurbishment and would make the perfect Buy to Let opportunity. NO ONWARD CHAIN!

DESCRIPTION
CASH BUYERS ONLY***

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Lounge 11' x 12' 1" ( 3.35m x 3.68m )
A door to the front, a window opening to the front and original floorboards.

Dining Room 10' 6" x 10' 7" ( 3.20m x 3.23m )
A window opening to the rear, original floorboards, exposed brick and a chimney breast.

Kitchen 7' 9" x 5' 7" ( 2.36m x 1.70m )
An opening for a window to the side, tiled effect flooring, base units, a stainless steel sink with chrome taps and a tiled splashback.

First Floor Landing 
A loft hatch.

Master Bedroom 11' 5" x 11' ( 3.48m x 3.35m )
A opening to the front and original floorboards.

Bedroom Two 10' 8" x 7' 9" ( 3.25m x 2.36m )
A window opening to the rear and original floorboards.

Bathroom 8' x 5' 9" ( 2.44m x 1.75m )
A window opening to the rear, low level WC, pedestal wash hand basin and a bath.

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

01473 943298

Next Steps?

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