90 Prince of Wales Drive, Ipswich, Suffolk IP2 9BL

Description

Two bedroom detached bungalow in need of full renovation throughout Situated on the outskirts of Ipswich town centre, this two-bedroom detached bungalow offers excellent potential for renovation and improvement. The accommodation comprises a spacious lounge, a kitchen with direct access to the rear garden, two well-proportioned double bedrooms, and a family bathroom. Externally, the property benefits from off-road parking, a garage, and a private garden. Requiring complete refurbishment throughout, this property presents an ideal opportunity for investors, developers, or buyers looking to create a home to their own specification. Conveniently located within easy reach of Ipswich town centre and its wide range of amenities.

Location

90 Prince of Wales Drive, Ipswich, Suffolk IP2 9BL. Located in the IP2 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: BRRR / Refurbishment & Resale. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended brrr / refurbishment & resale strategy with adequate contingency.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆