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Berners Street, Ipswich, Suffolk, IP1

East of England

£325,000
Listed on 01/07/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1539 sqft

Description

Situated on the edge of Ipswich town centre, this three-bedroom Grade II listed townhouse offers a unique opportunity for those looking to invest in a property rich with character and renovation potential. Just a five-minute walk from Christchurch Park, the home features an array of traditional details, including high ceilings, original fireplaces, and stripped wood doors. The layout spans two floors, providing a generous amount of living space. A dry cellar adds additional utility and storage options. The exterior boasts off-road parking for two vehicles, while the rear is highlighted by a private garden that includes a former coach house and stable. This outbuilding presents an exciting chance for conversion into a studio or office space, subject to planning permission, or it could be reverted to its original function as a garage. Inside, the ground floor consists of multiple living areas: a sitting room with an open fireplace, family room with French doors leading to the garden room, dining room with parquet flooring and stained glass features, and kitchen with ample workspace. A large utility room enhances functionality on this level along with a cloakroom. As you ascend to the first floor, you'll find three bedrooms along with a study that has loft access—ideal for creating additional living space. The family bathroom features essential amenities laid out in a practical four-piece suite. The surrounding area of Ipswich provides numerous local conveniences including schools, shops, healthcare facilities, and recreational spaces like Orwell Country Park. Moreover, the mainline railway station offers direct connections to London Liverpool Street Station in approximately 1 hour 15 minutes. With ongoing rejuvenation efforts in the town’s waterfront area enhancing local appeal through new bars and restaurants alongside the presence of the University of Suffolk, this property stands as not only a home but also an attractive investment for future growth in value. Given its size and character-filled details combined with renovation prospects both inside and out—this townhouse represents an intriguing opportunity for buyers willing to undertake some updating while enjoying an enviable location in Ipswich.

Investment Analysis

(IP1 area)

Below Market Value

This property is priced -17.4% below area average per sq ft

-17.4%
Potential saving
This Property
£211/sq ft
Area Average
£256/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£433,044
10% above area average per sq ft
Potential ROI
+17.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (IP1)

Area prices are falling by +5.6% over the last 12 months
3 year growth: -1.3%
5 year growth: 12.6%
Investment Disclaimer: Analysis based on IP1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Berners Street, Ipswich, Suffolk, IP1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,191
Based on a loan of £243,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE