17 Margate Road, Ipswich, Suffolk

Description

Three-bedroom detached family home presenting an excellent opportunity for buyers seeking a refurbishment project with significant potential. The property requires full modernisation throughout but offers well-proportioned accommodation, including an extended living/dining area with a feature fireplace. The former garage has been converted into a useful utility area, with scope for a variety of alternative uses, subject to any necessary consents. Three bedrooms off the landing along with family bathroom on the first floor. Outside, the property benefits from a good-sized driveway providing ample off-road parking, together with an enclosed rear garden offering plenty of space for families, entertaining or re landscaping. Offering fantastic potential to add value and create a bespoke family home, this detached property is likely to appeal to developers, investors and owner-occupiers.

Accommodation

Entrance Hall, Living/Dining Room, Kitchen, Utility Room, Landing, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom

Location

Popular IP3 area

Tenure / Property Information

Investment Analysis

The five supplied detached freehold comparables on Margate Road sold for £260,000 to £325,000. The most recent evidence is £260,000 in August 2025; the two 2024 sales were £315,000 and £325,000. Given the subject property requires full modernisation, a base post-refurbishment GDV of £290,000 is adopted, with a low scenario of £260,000 and high scenario of £325,000. This is an estimate only and does not include a formal valuation or verified condition comparison.

Investment Snapshot

Strategy Recommendation

Proceed only subject to viewing, a detailed refurbishment survey, contractor quotations and review of the special conditions. The guide appears potentially attractive against the comparable GDV range, but the absence of works costs prevents a reliable maximum bid or confirmed project margin.

Works Required

Full modernisation throughout, as described by the auction particulars. The exact scope and cost require inspection and contractor pricing. Review the converted former garage/utility area and any proposed alternative use for required consents, and assess the garden for potential re-landscaping.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £200,000 guide, 75% of the adopted £290,000 base GDV is £217,500. However, refurbishment costs, acquisition costs beyond the stated £1,800 contract documentation fee, finance costs and the final valuation are unavailable, so total cash required and cash left in cannot be calculated reliably.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £1,195 pcm for a three-bedroom property, equivalent to £14,340 annually. Against the £200,000 guide, this indicates a gross yield of approximately 7.17%. The rent is not an achieved rent, and the property requires full modernisation, so achievable rent and total-cost yield cannot be confirmed.

Flip Analysis

The supplied comparables support an indicative post-refurbishment GDV range of £260,000 to £325,000, with a £290,000 base case. A flip surplus cannot be calculated because no refurbishment budget, selling allowance, finance cost or other completion costs are supplied.

Investor Risks & Due Diligence

• Full modernisation is required, but no refurbishment cost estimate is supplied.

• The rental evidence is an advertised asking rent rather than an achieved rent.

• The former garage conversion and any alternative use may require consents, which are not confirmed.

• Seller charges may be payable on completion under the special conditions, but the amount is not supplied.

• Final GDV may vary materially because the comparable properties' condition and specifications are not provided.

Recommendation

Proceed only subject to viewing, a detailed refurbishment survey, contractor quotations and review of the special conditions. The guide appears potentially attractive against the comparable GDV range, but the absence of works costs prevents a reliable maximum bid or confirmed project margin.

Strategy Rating

Analysis Confidence

There is useful local sold-price evidence, a guide price and one advertised rental figure, but no inspection, refurbishment budget, formal valuation, achieved rent, finance assumptions or complete special-condition costs.