Worst House on the Street Logo
High Street, Needham Market, Ipswich - Image 1
High Street, Needham Market, Ipswich - Image 2
High Street, Needham Market, Ipswich - Image 3
High Street, Needham Market, Ipswich - Image 4
High Street, Needham Market, Ipswich - Image 5
High Street, Needham Market, Ipswich - Image 6
High Street, Needham Market, Ipswich - Image 7
High Street, Needham Market, Ipswich - Image 8
High Street, Needham Market, Ipswich - Image 9
High Street, Needham Market, Ipswich - Image 10
High Street, Needham Market, Ipswich - Image 11

High Street, Needham Market, Ipswich

East of England

£200,000
Listed on 19/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling investment opportunity located on the bustling High Street in Needham Market. The upper floor of the historic Old Bank Building has secured planning permission for the conversion into three residential apartments, which include designated parking spaces at the rear. With apartments ranging in size from approximately 50sqm to 100sqm, this project not only offers ample living space but also the potential for strong rental yields in a well-connected area. Needham Market boasts essential amenities such as local shops, a supermarket, and a rail station providing direct access to major towns including Ipswich and Stowmarket, which further connect to London Liverpool Street. Additionally, nearby Needham Lake offers scenic countryside walks, enhancing the area's appeal to residents. There is also an attic space available that could be developed subject to planning permission, adding further value to this enticing project.

Investment Analysis

(IP6 area)
Area Average
£314/sq ft
Avg Rent (weekly)
£340
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (IP6)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -7.3%
5 year growth: 9.8%
Investment Disclaimer: Analysis based on IP6 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

High Street, Needham Market, Ipswich
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 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