2 Bed Semi-Detached House, Refurb/BRRR, Ipswich, IP1 3NZ, £340,000

16 Arcade Street, Ipswich, Suffolk, IP1 1EP - 2 views - 12 days ago

Refurb/BRRR
~68 m²
+17 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£5K/m²

Value Estimate

£168,520

 

 

End Value (After Refurb)

£280,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£25,200

Refurb Costs

£31,728

Bridging Loan Interest

£8,925

Total Cash In

£152,603

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£280,250

Mortgage (After Refinance)

£210,188

Mortgage LTV

75%

Cash Left In

£152,603

Equity

£70,063

Rent Range

£695 - £1,850

Rent Estimate

£1,084

Running Costs/mo

£1,113

Cashflow/mo

£-29

Cashflow/yr

£-343

Gross Yield

4%

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 
£300K02/210 mi23, Alpe Street, Ipswich, Suffolk IP1 3NZ2
£279K08/210 mi17, Alpe Street, Ipswich, Suffolk IP1 3NZ2
£170K07/210.02 mi52, Ann Street, Ipswich, Suffolk IP1 3PD2
£142K03/210.02 mi33, Ann Street, Ipswich, Suffolk IP1 3PD2
£158K08/230.02 mi51, Ann Street, Ipswich, Suffolk IP1 3PD2
£185K10/210.03 mi14, Cardigan Street, Ipswich, Suffolk IP1 3PF2
£237.5K03/230.07 mi36, Orford Street, Ipswich, Suffolk IP1 3NS2
£125K04/210.1 mi7, Granville Street, Ipswich, Suffolk IP1 2JE2
£137.5K12/200.1 mi15, Granville Street, Ipswich, Suffolk IP1 2JE2
£180K06/230.17 mi15, Wilberforce Street, Ipswich, Suffolk IP1 2JP2
£118K03/210.18 mi47, Rendlesham Road, Ipswich, Suffolk IP1 2LX2
£158K10/210.2 mi40, Rendlesham Road, Ipswich, Suffolk IP1 2LY2
£158K04/230.2 mi14, Rendlesham Road, Ipswich, Suffolk IP1 2LY2
£210K08/220.26 mi95a, Victoria Street, Ipswich, Suffolk IP1 2JX2
£123K01/210.26 mi24, Dillwyn Street West, Ipswich, Suffolk IP1 2HP2
£142.5K02/210.28 mi75, Sirdar Road, Ipswich, Suffolk IP1 2LB2
£230K07/230.29 mi46, St Georges Street, Ipswich, Suffolk IP1 3LH2
£226K12/220.29 mi53, High Street, Ipswich, Suffolk IP1 3QL2
£133K11/200.3 mi69, Elliott Street, Ipswich, Suffolk IP1 2HJ2
£150K03/230.33 mi9, Elliott Street, Ipswich, Suffolk IP1 2HN2
£167K04/210.35 mi55, Waterloo Road, Ipswich, Suffolk IP1 4EA2
£210K07/230.42 mi20, All Saints Road, Ipswich, Suffolk IP1 4DG2
£227.5K05/230.44 mi18, Sherrington Road, Ipswich, Suffolk IP1 4HX2
£175K12/200.47 mi69, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£185K01/210.48 mi67, Cullingham Road, Ipswich, Suffolk IP1 2EG2
£195K10/200.5 mi25, Tower Mill Road, Ipswich, Suffolk IP1 4QF2
£160K04/210.5 mi114, Bramford Lane, Ipswich, Suffolk IP1 4DQ2
£200K09/210.52 mi21, Dhobi Place, Ipswich, Suffolk IP1 4QA2
£140K08/210.54 mi26, Richmond Road, Ipswich, Suffolk IP1 4DP2
£145K03/230.54 mi38, Hampton Road, Ipswich, Suffolk IP1 4AP2
£215K07/230.54 mi42, Richmond Road, Ipswich, Suffolk IP1 4DP2
£290K01/230.56 mi20, Kensington Road, Ipswich, Suffolk IP1 4LD2
£177K11/220.57 mi234, Bramford Road, Ipswich, Suffolk IP1 4AS2
£185K06/230.57 mi130, Richmond Road, Ipswich, Suffolk IP1 4DL2
£175K04/230.59 mi185, Bramford Lane, Ipswich, Suffolk IP1 4DS2
£217K06/230.6 mi305, Bramford Road, Ipswich, Suffolk IP1 4AT2
£165K03/210.61 mi22, Surbiton Road, Ipswich, Suffolk IP1 4AX2
£170K03/210.63 mi17, Surbiton Road, Ipswich, Suffolk IP1 4AX2
£160K08/210.63 mi42, Surbiton Road, Ipswich, Suffolk IP1 4AX2
£172.5K09/210.63 mi57, Surbiton Road, Ipswich, Suffolk IP1 4AX2
£211.8K06/230.65 mi62, Bolton Lane, Ipswich, Suffolk IP4 2BY2
£185K01/230.66 mi3, Riverside Road, Ipswich, Suffolk IP1 4AR2
£220K11/210.68 mi55, Allenby Road, Ipswich, Suffolk IP2 0EN2
£185K09/210.68 mi34, Fulham Way, Ipswich, Suffolk IP1 4FD2
£175K12/200.68 mi348, Norwich Road, Ipswich, Suffolk IP1 4EJ2
£168.5K01/210.71 mi13, Cobbold Street, Ipswich, Suffolk IP4 2DN2
£180K02/210.71 mi176, Ranelagh Road, Ipswich, Suffolk IP2 0AB2
£179K08/210.72 mi15, Matson Road, Ipswich, Suffolk IP1 4ET2
£189K12/220.72 mi276, Bramford Lane, Ipswich, Suffolk IP1 4ES2
£130K10/200.74 mi29, Ranelagh Road, Ipswich, Suffolk IP2 0AD2

Local Rents

51 rents from £695/mo to £1.9K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£85004/240.02 miAnn Street, Ipswich, IP12
£90005/240.02 miAnn Street, Ipswich, IP12
£1,00003/240.07 mi-2
£1,15012/240.07 mi-2
£1,80004/250.07 mi-2
£87512/240.1 mi-2
£92505/240.1 miNewson Street, Ipswich2
£1,20004/240.16 mi-2
£1,05011/240.16 mi-2
£1,40004/240.16 mi-2
£85012/240.16 mi-2
£85004/240.18 miRendlesham Road, IP12
£90003/240.18 miBulwer Road, Ipswich, Suffolk, IP12
£90004/240.19 miRendlesham Road, Ipswich, Suffolk, IP12
£82505/240.19 miBerners Street, IP1 2
£85004/240.2 miRendlesham Road, Ipswich2
£85006/240.21 mi25 Elm Street, Ipswich, IP12
£85005/240.22 miBerners Street2
£95005/240.23 miWellington Street, IPSWICH2
£89506/240.25 miProvidence Lane, Ipswich, IP12
£69512/230.26 mi-2
£82504/240.26 miChevallier Street, Ipswich, IP12
£87501/240.26 mi-2
£95003/240.27 mi-2
£90012/240.27 mi-2
£85004/240.29 miNorwich Court, Chevallier Street, Ipswich, Suffolk, IP12
£82505/240.29 miNorwich Court, Chevallier Street, Ipswich, Suffolk, IP12
£79505/240.29 miSt. Georges Street, IPSWICH2
£82504/240.29 mi-2
£95005/240.3 miBurlington Road, Ipswich2
£80004/240.32 miChevallier Street, Ipswich, Suffolk, IP12
£99504/240.32 miFonnereau Road, Ipswich2
£86003/240.33 mi-2
£1,10011/240.34 mi-2
£1,10011/240.34 mi-2
£77504/240.35 miLondon Road, Ipswich, IP12
£80006/240.36 miLondon Road, Ipswich2
£85002/250.42 mi-2
£1,85004/240.42 mi-2
£1,40005/240.42 mi-2
£1,55009/240.42 mi-2
£1,40011/240.42 mi-2
£1,40003/250.42 mi-2
£1,55001/250.42 mi-2
£1,84004/240.42 mi-2
£1,84006/240.42 mi-2
£1,84012/240.42 mi-2
£1,50004/250.42 mi-2
£1,20006/240.43 miMuseum Street, Ipswich2
£1,10004/240.43 miMuseum Street, Ipswich2
£1,20005/240.43 miMuseum Street, IPSWICH2

Local Area Statistics

Population in IP1

39,363

Population in Ipswich

219,393

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £340,000

April 3, 2025

Description

  • A stylish and well- cared for semi-detached family home of particularly spacious proportions +
  • Modernised and maintained to an excellent standard also retaining fine period features +
  • Spacious accommodation including through entrance hall, sitting room, separate entrance hall, separate dining room, luxuriously fitted kitchen which opens into a sun room +
  • Upstairs - 2 double bedrooms and upstairs luxury bathroom +
  • Gas fired central heating +
  • Well laid out gardens to front and rear- rear garden south facing +

Charming Victorian semi-detached home in a quiet conservation area, walking distance to Ipswich town centre, Christchurch Park, and the station. Carefully modernised with period features, two reception rooms, sun room, two double bedrooms, stylish bathroom, and private garden.

SITUATION
The property is located in this favourite settled and quiet conservation area which is very conveniently placed for an easy walk into the town centre and Christchurch Park with an excellent range of shops also in Norwich Road including a Co-op Supermarket and some specialist delicatessens and other shops; the town centre itself offers a wide range of shopping and entertainment facilities including restaurants, cinemas, theatre, vibrant rejuvenated water front etc. Ipswich Railway Station which is also within a reasonable walk from the locality provides regular train service to Liverpool Street in just over 1 hour.

TO FIND THE PROPERTY Coming from the town centre take St Matthews Street in a westerly direction then this becomes Norwich Road where after a short distance turn right by Coes Outfitters into Orford Street and Alpe Street is the third street along on the left and the property will be found on the left hand side about half way along.

THE RESIDENCE This comprises a distinctive semi-detached Victorian house of classic appeal and type built in Suffolk white brick, single bay and sash windows under a slate roof. Careful modernisation has been carried out through recent years and the property presents in pleasing order and at the same time retains a good range of period features consistant with the character. It stands just nicely back from the road with garden to the front accommodation comprising

ON THE GROUND FLOOR

Through entrance Hall with corbelled archway to the inner area, cupboard below stairs

Sitting Room 14’ 3” x 11’ 7” cast iron fireplace with T.V. points, bay window to front elevation

Dining Room 11’ 6” x 10’ 7” with French windows to garden, tiled and cast iron fireplace with pine surround

Kitchen 9’ 5” x 8’ 5” comprehensively fitted with roll edge working surfaces and base units of cupboards and drawers in maple, matching wall cupboards, stainless steel double bowl sink unit, built-in dishwasher and fridge, 5 ring gas burner hob unit with extractor hood over, separate electric double oven, inset ceiling spot lighting, tiling to floor, 2 steps down to

Sun Room/Breakfast area 8’ 5” x 6’ 3” glazed French windows with side panels opening to rear garden, spot lighting on track

ON THE FIRST FLOOR

Stairs rise to

Landing built-in cupboard with Vailant gas-fired wall mounted central heating boiler, doors each to

Bedroom 1 16’ 2” x 11’ 7” cast iron fireplace, 2 sash windows to front elevation

Bedroom 2 (rear) 11’ 6” x 9’ 5” with cast iron fireplace, access to loft

Bathroom 9’ 7” x 8’ 7” re-fitted with period style units including roll top and claw feet bath with mixer/shower unit, pedestal wash-basin, low-level W.C. corner curved shower with Aquilisa control, tiled flooring, extractor fan

OUTSIDE To the front is a small formal garden area, side access leads through a gate into the rear garden which includes a gravel area with central sitting area, raised shrub borders and a corner sitting area with pergola.

Services: All main services are connected

Agent Details

Woodcock & Son, Ipswich

01473 943784

Next Steps?

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