7 Bed HMO, Ipswich, IP2 9AB £375,000

Gippeswyk Road, Ipswich, IP2 9AB - 13 views - 8 months ago
Sold STC
HMO
ROI: 12%
~217 m²
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ValuationUndervalued

Sold Prices£100K - £640K
Sold Prices/m²£1.2K/m² - £4.5K/m²

 

 

Square Metres

~217 m²
Price/m²£1.7K/m²

Value Estimate

£465,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Total Cash In

£122,450

 

 

Cash Out

 

Room Rate

£581

Gross Rent

£4,067

Running Costs/mo

£2,799

Cashflow/mo

£1,268

Cashflow/yr

£15,218

ROI

12%

Gross Yield

13%

Local Sold Prices

49 sold prices from £100K to £640K, average is £306.7K. £1.2K/m² to £4.5K/m², average is £2.7K/m².

Price
Date
Distance
Address
Beds
 
£640K05/210.1 mi41, Ancaster Road, Ipswich, Suffolk IP2 9AJ4
£435K08/250.13 mi19, Grantham Crescent, Ipswich IP2 9PD4
£465K03/230.14 mi23, Grantham Crescent, Ipswich, Suffolk IP2 9PD4
£425K04/250.17 mi35, Grantham Crescent, Ipswich IP2 9PD4
£425K04/250.17 mi35, Grantham Crescent, Ipswich IP2 9PD4
£390K08/240.25 mi4, Mallowhayes Close, Ipswich IP2 9SJ4
£390K08/240.25 mi4, Mallowhayes Close, Ipswich IP2 9SJ4
£425K06/210.26 mi7, Willoughby Road, Ipswich, Suffolk IP2 8AP4
£285K08/250.29 mi21, Salmet Close, Ipswich IP2 9BA4
£365K08/240.32 mi12, Gorsehayes, Ipswich IP2 9AU4
£306.7K03/230.38 mi131, Heatherhayes, Ipswich, Suffolk IP2 9SG4
£245K06/210.44 mi4, Sagehayes Close, Ipswich, Suffolk IP2 9SQ4
£185K02/250.45 mi19, Clover Close, Ipswich, Suffolk IP2 0PW4
£250K10/220.46 mi31, Bradley Street, Ipswich, Suffolk IP2 8DU4
£237K09/210.46 mi10, Violet Close, Ipswich, Suffolk IP2 0PL4
£286K11/220.47 mi33, Pembroke Close, Ipswich, Suffolk IP2 8PE4
£235K06/210.52 mi25, Maidenhall Approach, Ipswich, Suffolk IP2 8NZ4
£260K06/210.56 mi44, Wherstead Road, Ipswich, Suffolk IP2 8JH4
£495K07/230.6 mi201, Belstead Road, Ipswich, Suffolk IP2 9DW4
£210K05/230.61 mi12, Wallers Grove, Ipswich, Suffolk IP2 0LN4
£440K05/210.62 mi8, Burlington Road, Ipswich, Suffolk IP1 2EU4
£222.5K05/250.62 mi5, Crocus Close, Ipswich IP2 0LZ4
£222.5K05/250.62 mi5, Crocus Close, Ipswich IP2 0LZ4
£172K06/210.64 mi12, Harland Street, Ipswich, Suffolk IP2 8JU4
£285K06/210.68 mi5, Sawston Close, Ipswich, Suffolk IP2 9DQ4
£250K03/250.69 mi30, Coltsfoot Road, Ipswich, Suffolk IP2 0NF4
£100K10/210.72 mi46, Pimpernel Road, Ipswich, Suffolk IP2 0PY4
£402.5K06/230.76 mi80, Sandringham Close, Ipswich, Suffolk IP2 9DU4
£390K07/230.77 mi25, High Street, Ipswich, Suffolk IP1 3QH4
£345K05/210.78 mi33, High Street, Ipswich, Suffolk IP1 3QH4
£245K06/210.8 mi25, Malmesbury Close, Ipswich, Suffolk IP2 9DN4
£315K08/220.81 mi86, Lavenham Road, Ipswich, Suffolk IP2 0LD4
£425K06/210.81 mi85, Berners Street, Ipswich, Suffolk IP1 3LN4
£277.5K05/210.82 mi77, Berners Street, Ipswich, Suffolk IP1 3LN4
£535K02/230.91 mi1, Redan Street, Ipswich, Suffolk IP1 3PQ4
£395K06/240.96 mi81, Monmouth Close, Ipswich IP2 8RS4
£300K03/250.96 mi33, Wigmore Close, Ipswich IP2 9SW4
£300K03/250.96 mi33, Wigmore Close, Ipswich IP2 9SW4
£245K09/210.97 mi38, Woodbridge Road, Ipswich, Suffolk IP4 2EG4
£415K03/250.97 mi79, Monmouth Close, Ipswich IP2 8RS4
£415K03/250.97 mi79, Monmouth Close, Ipswich IP2 8RS4
£194K12/240.97 mi40, Woodbridge Road, Ipswich IP4 2EG4
£280K02/230.97 mi51, Tower Mill Road, Ipswich, Suffolk IP1 4QF4
£462.5K09/240.98 mi6, Balmoral Close, Ipswich, Suffolk IP2 9EJ4
£587.5K06/210.98 mi14, Anglesea Road, Ipswich, Suffolk IP1 3PP4
£260K06/230.99 mi492, Wherstead Road, Ipswich, Suffolk IP2 8LN4
£280K11/211 mi33, Wigmore Close, Ipswich, Suffolk IP2 9SW4
£322K06/241 mi40, Tower Mill Road, Ipswich IP1 4QG4
£502.5K10/221 mi25, Ivry Street, Ipswich, Suffolk IP1 3QP4

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

1.16 miles away

Nearest school

0.40 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £375,000

March 20, 2025

Floor Plans

Property image

Description

  • No onward chain +
  • Recently refurbished with seven seperate bedrooms +
  • Brand new kitchen, carpets, bathroom & cloakrooms +
  • Brand new central heating system & boiler +
  • Driveway to the rear with parking for multiple vehicles +
  • Large basement, prime for conversion +
  • Excellent HMO potential, generating in excess of £62,000 p/a based on current rental yields +
  • Close to Ipswich Town Centre & Train Station +

SUMMARY
This fantastic, seven bedroom Town House is located opposite Gippeswyk Park and boasts a brand new kitchen, carpets, bathroom, cloakrooms, heating system and boiler, a large basement and a gated driveway to the rear with potential for a seperate dwelling (STPP). NO ONWARD CHAIN!

DESCRIPTION
.

Entrance Porch 5' 3" x 4' 1" ( 1.60m x 1.24m )
Victorian style tiled flooring, double glazed window to the front and a door leading to the hall.

Entrance Hall 29' 5" x 5' 4" max ( 8.97m x 1.63m max )
Carpet flooring, one radiator and a door leading to the basement.

Basement 17' 6" x 15' 8" ( 5.33m x 4.78m )
A bay window to the front, a gas meter, a good head height and plenty of scope for conversion (STPP).

Cloakroom 4' 9" x 2' 8" ( 1.45m x 0.81m )
Single glazed window to the rear and low level WC.

Lounge 11' x 10' 9" ( 3.35m x 3.28m )
Double glazed window to the side, carpet flooring, one radiator and a door leading to the kitchen.

Snug 11' x 10' max ( 3.35m x 3.05m max )
Double glazed windows to the side and rear, Victorian style tiled effect flooring and one radiator.

Utility 7' 4" x 6' 3" ( 2.24m x 1.91m )
Single glazed window to the side, a boiler and Victorian style tiled effect flooring.

Kitchen 11' 5" x 8' 1" ( 3.48m x 2.46m )
Double glazed window to the side, Victorian style tiled effect flooring, eye and base level units in matte grey shaker style with marble effect worktop surfaces, tiled splashback, an integrated oven with electric hob and extractor hood, a stainless steel sink plus drainer and chrome mixer tap and space for a washing machine. This is a brand new kitchen with new appliances.

Ground Floor Bedroom Seven 13' x 12' ( 3.96m x 3.66m )
Double glazed French doors leading to the garden, one radiator, a fireplace and carpet flooring.

Ground Floor Master Bedroom 15' 8" x 12' ( 4.78m x 3.66m )
Double glazed bay window to the front, carpet flooring and one radiator.

First Floor Landing 
Carpet flooring, one radiator and doors to remaining bedrooms.

Bedroom Two  15' 6" x 11' 1" ( 4.72m x 3.38m )
Double glazed windows to the side and rear, carpet flooring, one radiator and a fireplace.

Bedroom Three 15' 7" x 12' 1" ( 4.75m x 3.68m )
Double glazed bay window to the front, carpet flooring and one radiator.

Bedroom Four 13' 2" x 12' 1" max ( 4.01m x 3.68m max )
Double glazed window to the rear, carpet flooring, one radiator, shelving in a recess and a fireplace.

Study 5' 1" x 7' 9" ( 1.55m x 2.36m )
Double glazed window to the front, carpet flooring, one radiator, This room could be used as a kitchenette to the first floor, if this property was converted to an HMO.

Cloakroom 7' 3" x 3' 1" ( 2.21m x 0.94m )
Low level WC, wash hand basin, Victorian style tiled effect flooring and double glazed window to the side.

Bathroom 7' 4" x 6' 2" ( 2.24m x 1.88m )
Pedestal wash hand basin, chrome heated towel rail, a bath with overhead shower and glass screen, part tiled walls, Victorian style tiled effect flooring and double glazed window to the side.

Second Floor Landing 
Double glazed window to the rear, an airing cupboard, carpet flooring and loft hatch.

Bedroom Five 18' x 12' 9" max ( 5.49m x 3.89m max )
Double glazed windows to the front and side, carpet flooring, one radiator and a fireplace.

Bedroom Six 13' x 12' 1" max ( 3.96m x 3.68m max )
Double glazed windows to the front and side, carpet flooring, one radiator and a fireplace.

Outside: 

Front Garden 
A walled border with steps up to the front door and a side access gate leading to the rear garden.

Rear Garden 
Generous rear garden benefiting from a driveway to the rear with gated access, providing off street parking for multiple vehicles or potential for a seperate dwelling to be built (STPP). This garden is tiered, the lower tier has a large patio area, which wraps around the property, a side access gate, an outside tap, brick planters, raised flower beds with brick steps up to the landscaped rear of the garden,

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

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