Worst House on the Street Logo
Spring Lane, Wickham Market, IP13 0SW - Image 1
Spring Lane, Wickham Market, IP13 0SW - Image 2
Spring Lane, Wickham Market, IP13 0SW - Image 3
Spring Lane, Wickham Market, IP13 0SW - Image 4
Spring Lane, Wickham Market, IP13 0SW - Image 5
Spring Lane, Wickham Market, IP13 0SW - Image 6
Spring Lane, Wickham Market, IP13 0SW - Image 7
Spring Lane, Wickham Market, IP13 0SW - Image 8
Spring Lane, Wickham Market, IP13 0SW - Image 9
Spring Lane, Wickham Market, IP13 0SW - Image 10
Spring Lane, Wickham Market, IP13 0SW - Image 11

Spring Lane, Wickham Market, IP13 0SW

East of England

£300,000
Listed on 14/12/2023

Property Details

Bedrooms
2
Type
Detached house

Description

This charming detached cottage, dating back to the mid-19th century, offers a unique blend of character and potential. With two reception rooms, a garden room, kitchen, utility room, cloakroom, and two bedrooms, this property provides a solid foundation for modernization and customization. The layout features dual-aspect windows that fill the living spaces with natural light, while the traditional fireplace in the living room adds a touch of historical charm. The kitchen is functional but ripe for renovation; it includes essential wall and base units along with an electric cooker point—a perfect canvas for those looking to create a modern culinary space. The adjacent utility room offers plumbing for a washing machine and additional storage options. Upstairs, both bedrooms are generously sized and feature built-in wardrobe space; they can easily be transformed into cozy retreats with updated fixtures and decor. The family bathroom retains its classic three-piece suite but could benefit from refreshing to meet contemporary standards. Situated in Wickham Market, this property enjoys access to a vibrant village atmosphere complete with various shops, restaurants, and essential services such as a doctors' surgery and primary school. Commuters will appreciate the nearby mainline railway station at Campsea Ashe and convenient bus services connecting to Ipswich and Aldeburgh. The exterior of the home is equally inviting, featuring a gated driveway leading to off-road parking. The wrap-around garden has potential for landscaping improvements or expansion of outdoor living areas. Currently laid out with patio space and shingle beds adorned by mature trees, this outdoor area presents an opportunity for gardening enthusiasts or those seeking tranquility. In summary, this cottage is not just a residence but an opportunity for investment in both comfort and aesthetic appeal. With some thoughtful updates and renovations, it can become a delightful home that reflects personal style while retaining its historical essence.

Investment Analysis

(IP13 area)
Area Average
£338/sq ft
Avg Rent (weekly)
£293
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (IP13)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -4.6%
5 year growth: 10.4%
Investment Disclaimer: Analysis based on IP13 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

Spring Lane, Wickham Market, IP13 0SW
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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