72 Wallace Road, Ipswich, East Of England, IP1
By Lambert Smith Hampton
£ 325,000
Reviews
2 out of 5 stars
Lambert Smith Hampton says ..
The property comprises an end terrace two storey residential dwelling, constructed from solid brick elevations and UPVC double glazed windows, all surmounted by a single pitched clay tiled roof. The property currently operates as a fully licensed HMO. To the rear of the property there is a lar...
Property Oracle says ..
This property at 72 Wallace Road, Ipswich, is a two-story end-terrace house currently operating as a fully licensed HMO. Its location in Whitehouse offers access to schools and transport links to Ipswich town centre. The exterior appears in reasonable condition, however the interior photos show some wear and tear and require some modernisation. The kitchen seems adequately functional. A significant consideration is the property’s use as an HMO; this significantly influences its value, as the income generated from multiple tenants could offset the price, making it potentially attractive to investors. Lack of details on the property’s size (sqft and plot size) and the absence of price per sqft data in the surrounding areas prevents a conclusive price-to-size comparison. The lack of bathroom and bedroom counts also limit a complete assessment. Potential buyers or investors should conduct a thorough inspection to assess the full condition and potential rental income in greater detail before making a decision.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 7
- Land
- 2
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 176,250.00 £Decreased by 15.23 %
- Average area rental value
- 957.00 £/moDecreased by 27.22 %
- Est rental Yield
- 6.52 %Decreased by 14.10 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
Lambert Smith Hampton created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Springfield Infant School And Nursery | Academy Converter | Good | 0.66 KM |
| Westbourne Academy | Academy Converter | Good | 0.71 KM |
| Whitehouse Community Primary School | Academy Converter | 0.85 KM | |
| Springfield Junior School | Academy Converter | 0.87 KM | |
| Highfield Children'S Centre | Children's Centre | 1.08 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Redhill Close | £ 265,000 | 0 | 0.00 KM |
| Arkwright Road | £ 170,000 | 0 | 0.00 KM |
| Wesley Way | £ 195,000 | 0 | 0.00 KM |
| Harris Way | £ 0 | 0 | 0.00 KM |
| Meredith Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Ipswich | 7217 | IPS | 2.95 KM |
| Westerfield | 7226 | WFI | 4.68 KM |
| Derby Road (Ipswich) | 7212 | DBR | 6.67 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| 72 Wallace Road, Ipswich, East Of England, IP1 | £ 325,000 | BUY | 5 / 10 | 0.00 KM |
| Wallace Road, Ipswich | £ 180,000 | BUY | 7 / 10 | 0.04 KM |
| Wallace Road, Ipswich, Suffolk, IP1 | £ 150,000 | BUY | 6 / 10 | 0.05 KM |
| Wallace Road, Ipswich | £ 280,000 | BUY | 7 / 10 | 0.06 KM |
| Wallace Road, Ipswich | £ 210,000 | BUY | 6 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 114 Wallace Road | £ 185,500 | 0.03 KM |
| 124 Wallace Road | £ 117,500 | 0.03 KM |
| 70 Wallace Road | £ 175,000 | 0.03 KM |
| 52 Wallace Road | £ 32,750 | 0.03 KM |
| 126 Wallace Road | £ 126,000 | 0.03 KM |