5-bedroom house · IP4 2PH
For saleReduced £25k (−7.7%) on 21 AugListed 180 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary **attention investors!** Excellent ready-made HMO, generating in excess of £44,000 per annum. Tenants in-situ and will remain.
Description This property has been converted into a fantastic 5 bedroom HMO with an en suite to every room.
The property is currently at full capacity, generating £44,000 per annum, the tenancies will be transferred to the new buyer.
The property is located in a prime residential area, close to Ipswich Town Centre and Christchurch Park. There is permit parking available for visitors.
Entrance Hall 24' x 3' ( 7.32m x 0.91m ) Grey wood effect flooring, one radiator and an understairs storage space.
Kitchen 10' 1" x 9' 3" ( 3.07m x 2.82m ) Two double glazed windows to the side, eye and base level units in white with marble effect worktop surfaces, a stainless steel one and a half bowl sink plus drainer and chrome mixer tap, an integrated oven with electric hob and extractor hood, tiled splashback, spot lights, space for a range of appliances and a door leading to the rear garden.
Ground Floor Bedroom One 13' 7" x 12' 3" max ( 4.14m x 3.73m max ) Double glazed bay window to the front, grey wood effect flooring, one radiator and spot lights.
En Suite Low level WC, a vanity sink with black mixer tap, a shower with glass enclosure, waterfall showerhead, glass screen and tiled splashback, marble effect tiled flooring, a black heated towel rail, extractor fan and shaver point.
Ground Floor Bedroom Two 11' 9" x 10' 2" max ( 3.58m x 3.10m max ) Double glazed window to the rear, grey wood effect flooring, one radiator and TV point.
En Suite Low level WC, a vanity sink with black mixer tap, a shower with glass enclosure, waterfall showerhead, glass screen and tiled splashback, marble effect tiled flooring, a black heated towel rail, extractor fan and shaver point.
First Floor Bedroom Three 12' 1" x 9' max ( 3.68m x 2.74m max ) Double glazed window to the front, grey wood effect flooring, one radiator and spot lights.
En Suite Low level WC, a vanity sink with black mixer tap, a shower with glass enclosure, waterfall showerhead, glass screen and tiled splashback, marble effect tiled flooring, a black heated towel rail, extractor fan and shaver point.
First Floor Bedroom Four 12' x 10' 1" max ( 3.66m x 3.07m max ) Double glazed window to the rear, grey wood effect flooring, one radiator and spot lights.
En Suite Low level WC, a vanity sink with black mixer tap, a shower with glass enclosure, waterfall showerhead, glass screen and tiled splashback, marble effect tiled flooring, a black heated towel rail, extractor fan and shaver point.
First Floor Bedroom Five 14' 3" x 5' 9" max ( 4.34m x 1.75m max ) Double glazed window to the rear, grey wood effect flooring, one radiator, spot lights and a kitchenette.
En Suite Low level WC, a vanity sink with black mixer tap, a shower with glass enclosure, waterfall showerhead, glass screen and tiled splashback, marble effect tiled flooring, a black heated towel rail, extractor fan and shaver point.
1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 31, Lacey Street, Ipswich
Explore nearby