26 Sirdar Road, Ipswich, Suffolk

Description

A Victorian terraced house to the west of the town centre. Close to a range of local amenities and a short distance from the town centre is this mid-terraced house offering excellent scope as a buy to let investment. The property offers two reception room, three bedroom accommodation and benefits from gas central heating, double glazing and new floor coverings. With a potential rental income of around £10,000 per annum we see this as an excellent investment opportunity which is priced particularly competitively for the auction market.

Accommodation

Two reception rooms and three bedrooms.

Location

To the west of the town centre, close to a range of local amenities and a short distance from the town centre.

Tenure / Property Information

Investment Analysis

Five same-road freehold terraced sales range from £126,500 to £176,500, averaging £148,400. The spread indicates material uncertainty, with no floor areas, internal condition or bedroom confirmation supplied for the comparables. A base GDV of £148,400 is used, with the lowest and highest supplied sales as low and high scenarios. The property is guided at £90,000–£110,000, plus known £2,400 buyer and admin charges.

Investment Snapshot

Strategy Recommendation

Potential BTL, with BRRR only if inspection confirms limited works and a lender supports the base valuation. Verify achievable rent, condition and legal-pack costs before bidding. Do not rely on a flip case without priced works and selling allowances.

Works Required

No specific defects or major works are evidenced. The description confirms gas central heating, double glazing and new floor coverings. Allow for inspection, safety checks and any legally or conditionally required works, but no refurbishment budget can be reliably priced from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the upper guide plus the stated £2,400 charges, and assuming no priced refurbishment is required, total known cost is £112,400. A 75% refinance of the £148,400 base GDV would be approximately £111,300, leaving indicative cash left in of £1,100 before finance costs, taxes, valuation constraints and unquantified works. The result is therefore highly sensitive to the achieved valuation and condition.

Buy-to-Let Analysis

Using the auctioneer's estimated rent of £10,000 per annum and the upper guide of £110,000, gross yield is approximately 9.09%. Including the stated £2,400 buyer and admin charges, gross yield is approximately 8.90%. The £1,264 pcm listing is an advertised asking rent and is materially higher than the auctioneer estimate, so achievable rent requires verification. These figures exclude finance, management, maintenance, voids, insurance, tax and any disbursements.

Flip Analysis

The base GDV is £148,400 based on the average of the five supplied same-road sales. A flip surplus cannot be reliably calculated because refurbishment costs, selling costs and any legal-pack disbursements are not supplied. The gross value spread also creates meaningful resale risk.

Investor Risks & Due Diligence

• Comparable sale values range widely from £126,500 to £176,500.

• The auctioneer rent is an estimate rather than passing rent, and the higher rental evidence is only an advertised asking rent.

• No floor area or detailed internal condition is provided.

• Refurbishment, finance, tax, selling costs and possible legal-pack disbursements are not quantified.

• The indicative BRRR calculation leaves only £1,100 before finance costs, taxes and unquantified works at the upper guide.

Recommendation

Potential BTL, with BRRR only if inspection confirms limited works and a lender supports the base valuation. Verify achievable rent, condition and legal-pack costs before bidding. Do not rely on a flip case without priced works and selling allowances.

Strategy Rating

Analysis Confidence

Same-road completed sales and two rent indications are available, but comparable specifications, property condition, floor area, achieved rent, refurbishment costs and legal-pack disbursements are not supplied.