2 Bed Terraced House, Refurb/BRRR, Ipswich, IP2 0SN, £180,000

Milnrow, Ipswich, IP2 0SN - 10 days ago

Refurb/BRRR
ROI: 2%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£160.5K - £380K
Sold Prices/m²£1.9K/m² - £5.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£185,400
BMV3%

 

 

End Value (After Refurb)

£206,651

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Refurb Costs

£31,894

Bridging Loan Interest

£4,725

Total Cash In

£94,669

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£206,651

Mortgage (After Refinance)

£154,988

Mortgage LTV

75%

Cash Released

£19,988

Cash Left In

£74,680

Equity

£51,663

Rent Range

£875 - £1,250

Rent Estimate

£995

Running Costs/mo

£865

Cashflow/mo

£130

Cashflow/yr

£1,563

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £160.5K to £380K, average is £215K. £1.9K/m² to £5.3K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£168.5K02/210 mi5, Milnrow, Ipswich, Suffolk IP2 0SN2
£215K02/230 mi9, Milnrow, Ipswich, Suffolk IP2 0SN2
£170K12/200.04 mi9, Matlock Close, Ipswich, Suffolk IP2 9XU2
£215K09/210.12 mi23, Wentworth Drive, Ipswich, Suffolk IP8 3RX2
£220K12/220.13 mi10, Innes End, Ipswich, Suffolk IP8 3RZ2
£220K07/220.16 mi24, Buttercup Close, Ipswich, Suffolk IP8 3RG2
£222.5K10/220.16 mi30, Buttercup Close, Ipswich, Suffolk IP8 3RG2
£180K12/200.16 mi30, Buttercup Close, Ipswich, Suffolk IP8 3RG2
£209K06/230.19 mi31, Acer Grove, Ipswich, Suffolk IP8 3RR2
£215K07/230.21 mi64, Broad Meadow, Ipswich, Suffolk IP8 3SP2
£212K06/210.25 mi24, Broad Meadow, Ipswich, Suffolk IP8 3SP2
£262.5K12/220.25 mi310, Hawthorn Drive, Ipswich, Suffolk IP2 0RT2
£220K08/220.26 mi2, Bishop Mews, Ipswich, Suffolk IP8 3SY2
£160.5K11/200.27 mi18, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RJ2
£175K06/210.29 mi41, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RH2
£185K04/210.3 mi53, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RH2
£185K11/200.3 mi27, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RH2
£210K05/230.3 mi53, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RH2
£240K10/220.3 mi37, Yew Tree Rise, Pinewood, Ipswich, Suffolk IP8 3RH2
£273K01/230.31 mi11, Appleby Close, Ipswich, Suffolk IP2 9XS2
£215K09/220.36 mi60, Sycamore Close, Ipswich, Suffolk IP8 3RL2
£205K06/210.37 mi54, Wilding Road, Ipswich, Suffolk IP8 3SG2
£182K11/200.37 mi52, Wilding Road, Ipswich, Suffolk IP8 3SG2
£250K09/220.4 mi12, Oldfield Road, Ipswich, Suffolk IP8 3SE2
£233K05/230.4 mi9, Oldfield Road, Ipswich, Suffolk IP8 3SE2
£275K11/210.4 mi4, Knutsford Close, Ipswich, Suffolk IP8 3RN2
£280K07/220.43 mi6, Baldry Close, Ipswich, Suffolk IP8 3RF2
£220K02/230.46 mi15, Dashwood Close, Ipswich, Suffolk IP8 3SR2
£180K02/210.47 mi5, Wren Avenue, Ipswich, Suffolk IP2 0TJ2
£205K01/210.5 mi15, Ritabrook Road, Ipswich, Suffolk IP2 9JH2
£195K03/210.5 mi28, Ritabrook Road, Ipswich, Suffolk IP2 9JH2
£205K12/200.5 mi17, Ritabrook Road, Ipswich, Suffolk IP2 9JH2
£265K04/230.5 mi28, Ritabrook Road, Ipswich, Suffolk IP2 9JH2
£172.5K11/200.54 mi40, Annbrook Road, Ipswich, Suffolk IP2 9JN2
£230K08/230.55 mi1, Tinabrook Close, Ipswich, Suffolk IP2 9JG2
£185K11/200.55 mi8, Dawnbrook Close, Ipswich, Suffolk IP2 9JW2
£245K03/230.55 mi36, Curlew Road, Ipswich, Suffolk IP2 0TG2
£210K06/210.58 mi452, Birkfield Drive, Ipswich, Suffolk IP2 9JD2
£211K02/230.62 mi483, Birkfield Drive, Ipswich, Suffolk IP2 9JE2
£225K12/220.64 mi3, Admiral Road, Pinewood, Ipswich, Suffolk IP8 3PH2
£240K01/230.68 mi60, Oak Eggar Chase, Pinewood, Ipswich, Suffolk IP8 3TJ2
£188K04/210.72 mi10, Gatekeeper Close, Pinewood, Ipswich, Suffolk IP8 3NQ2
£222.5K01/230.72 mi7, Gatekeeper Close, Pinewood, Ipswich, Suffolk IP8 3NQ2
£175K03/210.76 mi9, Fritillary Close, Pinewood, Ipswich, Suffolk IP8 3QT2
£350K06/210.9 mi22, Balmoral Close, Ipswich, Suffolk IP2 9EJ2
£320K11/220.9 mi20, Balmoral Close, Ipswich, Suffolk IP2 9EJ2
£278K03/210.93 mi62, Holyrood Close, Ipswich, Suffolk IP2 9DZ2
£380K07/230.93 mi86, Sandringham Close, Ipswich, Suffolk IP2 9DU2
£185K01/230.96 mi3, Archangel Gardens, Ipswich, Suffolk IP2 0XD2
£250K03/230.98 mi10, Prittlewell Close, Ipswich, Suffolk IP2 9SP2

Local Rents

12 rents from £875/mo to £1.3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£89505/240.12 miWentworth Drive, Ipswich, Suffolk, UK, IP82
£87504/240.15 miBramblewood, Ipswich2
£90004/240.16 miHale Close, Ipswich2
£87504/240.19 miAcer Grove, Ipswich2
£97505/240.27 miYew Tree Rise, Pinewood, Ipswich, IP82
£89505/240.27 miYew Tree Rise, Pinewood, Ipswich, IP82
£1,19505/240.29 miYew Tree Rise, Pinewood, Ipswich, Suffolk, IP82
£1,25003/240.3 mi-2
£1,00004/240.53 miCurlew Road, Ipswich, Suffolk, IP22
£97509/240.54 miAnnbrook Road, Ipswich, Suffolk, IP22
£1,17504/240.56 miTinabrook Close, Ipswich2
£92504/240.61 miBirkfield Drive, IPSWICH2

Local Area Statistics

Population in IP2

30,997

Population in Ipswich

219,393

Town centre distance

2.66 miles away

Nearest school

0.10 miles away

Nearest train station

1.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £180,000

March 29, 2025

Floor Plans

Description

  • SOME MODERNISATION REQUIRED +
  • TWO DOUBLE BEDROOMS +
  • LOUNGE/DINER +
  • FRONT AND REAR GARDENS +
  • ALLOCATED PARKING +
  • NO ONWARD CHAIN +

SUMMARY
A mid-terraced two double bedroom property in need of some modernisation and located on the Pinewoods development. The home boasts front and rear gardens, allocated parking and is being sold with no onward chain.

DESCRIPTION
A early viewing is highly recommended on this two bedroom mid-terraced property which is in need of some modernisation and located on the popular pinewood development, The property comprises of a lounge/diner, kitchen, two double bedrooms, bathroom, front and rear gardens and has a allocated parking space.
The property also has the added bonus of being offered with no onward chain.

The local area is well serviced being in close proximity to a local doctors and dental surgery, primary and secondary schools are close by as well as the Suffolk one sixth form and college. There is a large local Tesco superstore as well as good transport links into Ipswich Town Centre. The copdock interchange is also within one mile which gives direct access to the A12 & A14 which give direct routes to London and Norwich.

Entrance Hall 
Accessed via entrance door, stairs rising to the first floor and doors giving access to:

Kitchen 8' 2" x 7' 7" ( 2.49m x 2.31m )
Window to the front, wall mounted boiler, radiator, space for fridge, space for freezer, space for cooker, tile effect vinyl flooring, single drainer stainless steel sink with cupboard under, tiled splashback, space and plumbing for washing machine, worktop with cupboards under and matching above and textured ceiling.

Lounge/Diner 14' x 13' 5" max ( 4.27m x 4.09m max )
Secondary glazed window to rear, door giving access to the rear garden, radiator and textured ceiling.

First Floor Landing  
Doors giving access to:

Bedroom One  14' narrowing to x 10' 7" max ( 4.27m narrowing to x 3.23m max )
Two windows to rear, radiator and textured ceiling.

Bedroom Two 10' x 8' 2" ( 3.05m x 2.49m )
Window to front, radiator and textured ceiling giving loft access.

Bathroom 
Window to front, low-level w/c, shaped and panel bath, pedestal wash hand basin and airing cupboard.

Outside  
To the front of property is laid to lawn and has a pathway giving access to the entrance door.
The rear garden has a paved patio area with the reminder laid to lawn and there is also gated rear access. The property also benefits from a allocated parking space.

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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Ipswich

01473 943139

Next Steps?

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