3 Bed Terraced House, Single Let, Ipswich, IP1 2PT, £160,000

Norwich Road, Ipswich, IP1 2PT - 21 days ago

Auction
BTL
ROI: 5%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£105K - £525K
Sold Prices/m²£1K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£196,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£900 - £2,200

Rent Estimate

£928

Running Costs/mo

£706

Cashflow/mo

£222

Cashflow/yr

£2,669

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £105K to £525K, average is £229.5K. £1K/m² to £4.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£205K06/230.07 mi9, Wellington Street, Ipswich, Suffolk IP1 2NT3
£243K02/210.11 mi64, Anglesea Road, Ipswich, Suffolk IP1 3PN3
£350K03/210.12 mi30, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£325K03/230.12 mi41, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£284K04/210.13 mi25, Alpe Street, Ipswich, Suffolk IP1 3NZ3
£205K09/210.14 mi36, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£240K01/230.14 mi20, Waterloo Road, Ipswich, Suffolk IP1 2NY3
£285K03/230.16 mi43, Clarkson Street, Ipswich, Suffolk IP1 2JN3
£167.5K08/210.17 mi4, Cardigan Street, Ipswich, Suffolk IP1 3PF3
£178K07/210.17 mi120, Bramford Road, Ipswich, Suffolk IP1 2LL3
£340K07/210.17 mi6, Valley Road, Ipswich, Suffolk IP1 4ED3
£165K07/210.17 mi11, Wilberforce Street, Ipswich, Suffolk IP1 2JP3
£147K09/210.17 mi57, Sirdar Road, Ipswich, Suffolk IP1 2LD3
£144.2K07/210.2 mi61, Sirdar Road, Ipswich, Suffolk IP1 2LB3
£236.5K03/210.21 mi66, Newson Street, Ipswich, Suffolk IP1 3NY3
£229K07/230.22 mi18, Blenheim Road, Ipswich, Suffolk IP1 4EB3
£121K12/200.22 mi23, Chevallier Street, Ipswich, Suffolk IP1 2PF3
£195K09/210.23 mi86, Victoria Street, Ipswich, Suffolk IP1 2JX3
£130K03/230.24 mi3, Surrey Road, Ipswich, Suffolk IP1 2LE3
£525K10/200.24 mi32, Broughton Road, Ipswich, Suffolk IP1 3QR3
£230K03/210.25 mi32, Geneva Road, Ipswich, Suffolk IP1 3NP3
£425K11/220.25 mi14, Westwood Avenue, Ipswich, Suffolk IP1 4EQ3
£195K04/230.26 mi7, Bramford Lane, Ipswich, Suffolk IP1 4DB3
£230K01/230.27 mi152, Bramford Road, Ipswich, Suffolk IP1 4AB3
£125K04/210.28 mi179, Bramford Road, Ipswich, Suffolk IP1 4AA3
£460K07/230.28 mi9, Westwood Avenue, Ipswich, Suffolk IP1 4EQ3
£110K04/210.29 mi63, Elliott Street, Ipswich, Suffolk IP1 2HJ3
£185K02/210.3 mi31, All Saints Road, Ipswich, Suffolk IP1 4DG3
£215K11/210.3 mi59, All Saints Road, Ipswich, Suffolk IP1 4DG3
£260K01/230.3 mi22, All Saints Road, Ipswich, Suffolk IP1 4DG3
£220K03/210.3 mi39, All Saints Road, Ipswich, Suffolk IP1 4DG3
£300K11/200.32 mi21, Warrington Road, Ipswich, Suffolk IP1 3QU3
£233K12/220.32 mi75, Bramford Lane, Ipswich, Suffolk IP1 4DF3
£252.3K12/220.33 mi29, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£250K06/210.33 mi28, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£183K04/210.33 mi59, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£135K03/210.33 mi23, Elliott Street, Ipswich, Suffolk IP1 2HN3
£305K09/220.33 mi32, Broom Hill Road, Ipswich, Suffolk IP1 4EH3
£167K08/210.33 mi27, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£240K02/230.35 mi11, Beaconsfield Road, Ipswich, Suffolk IP1 4AD3
£175K08/210.38 mi41, Windsor Road, Ipswich, Suffolk IP1 4AN3
£185K11/210.38 mi90, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£216.5K11/220.38 mi92, Bramford Lane, Ipswich, Suffolk IP1 4DQ3
£265K07/230.39 mi35, Tower Mill Road, Ipswich, Suffolk IP1 4QF3
£360K12/200.4 mi54, Warrington Road, Ipswich, Suffolk IP1 3RE3
£265K04/230.4 mi59, High Street, Ipswich, Suffolk IP1 3QL3
£250K02/230.41 mi61, Richmond Road, Ipswich, Suffolk IP1 4DW3
£240K09/210.42 mi30, Dhobi Place, Ipswich, Suffolk IP1 4QA3
£161K02/210.42 mi26, Hampton Road, Ipswich, Suffolk IP1 4AP3
£105K07/210.42 mi6, Firmin Close, Ipswich, Suffolk IP1 2BF3

Local Rents

24 rents from £900/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.11 mi-3
£1,20003/250.11 mi-3
£1,00005/240.12 miBulwer Road, Ipswich3
£1,00005/240.12 miBulwer Road3
£1,15002/240.19 mi-3
£1,25003/240.19 mi-3
£98504/240.2 mi-3
£99506/240.27 miDillwyn Street West, Ipswich3
£99506/240.27 miDillwyn Street West, Ipswich3
£1,25005/240.29 mi-3
£1,45004/240.33 miBroom Hill Road, IPSWICH3
£95003/240.33 miElliott Street, Ipswich3
£1,12504/240.38 miBramford Lane, IPSWICH3
£1,15003/250.41 mi-3
£2,20003/250.46 mi-3
£1,29505/240.5 miPine Avenue, Ipswich3
£92504/240.53 miBramford Lane, Ipswich3
£1,25004/240.54 miMuseum Street, Ipswich3
£1,19504/240.55 miBramford Road, Ipswich, Suffolk, IP13
£1,00006/240.55 miBramford Road, Ipswich3
£90003/240.55 miBramford Road, Ipswich3
£1,20003/240.56 miCurriers Lane, Ipswich3
£1,25006/240.57 miPutney Close, IPSWICH3
£95004/240.59 miKingston Road, Ipswich3

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.16 miles away

Nearest school

0.20 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £160,000

March 27, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • No onward chain +
  • Three good-size bedrooms +
  • Beautifully presented kitchen +
  • Large cellar with potential for conversion (STPP) +
  • Modern ground floor bathroom +

SUMMARY
This well-presented mid-terraced home benefits from three good-size bedrooms, a beautifully presented kitchen, a modern ground floor bathroom, a large cellar with potential for conversion, a partially walled rear garden and NO ONWARD CHAIN!

DESCRIPTION
.

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.

Entrance Hall  12' 2" x 5' 5" ( 3.71m x 1.65m )
Wood effect flooring and a door leading to the cellar.

Lounge 12' 3" x 12' 1" ( 3.73m x 3.68m )
Double glazed sash window to the front, wood effect flooring and TV point.

Dining Room  17' 1" x 10' 2" ( 5.21m x 3.10m )
Wood effect flooring, one radiator and an opening leading to the kitchen.

Kitchen 16' 2" x 9' 6" ( 4.93m x 2.90m )
Double glazed window to the rear, a door leading to the garden, wood effect flooring, an open arch and window to the dining room, eye and base level units in white with wood effect worktop surfaces, space for a fridge/freezer, washing machine and cooker, a green tiled splashback throughout and a ceramic white sink with a chrome flexi mixer tap.

Ground Floor Bathroom  7' x 5' 5" ( 2.13m x 1.65m )
Low level WC, pedestal wash hand basin, a bath with shower attachment, chrome heated towel rail, wood effect flooring, extractor fan, part tiled walls and double glazed window to the side.

Cellar 11' 5" x 17' 5" ( 3.48m x 5.31m )
A window to the front, brick floor, white walls and a good head height.

First Floor Landing 
Loft hatch and carpet flooring.

Master Bedroom 12' 3" x 11' 9" ( 3.73m x 3.58m )
Double glazed window to the front, a walk in wardrobe, carpet flooring and one radiator.

Bedroom Two 10' 1" x 9' 9" ( 3.07m x 2.97m )
Double glazed window to the front, carpet flooring and one radiator.

Bedroom Three 7' 3" x 6' ( 2.21m x 1.83m )
Double glazed window to the rear, carpet flooring, an airing cupboard and one radiator.

Outside: 

Front Garden 
A shingle area, hedging and a pathway leading to the steps up to the front door.

Rear Garden 
Stylish, Town Centre garden with a patio area, raised flower beds, a partially walled border, an outside tap and light,

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?

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