Worst House on the Street Logo
Norwich Road, Ipswich - Image 1
Norwich Road, Ipswich - Image 2
Norwich Road, Ipswich - Image 3
Norwich Road, Ipswich - Image 4
Norwich Road, Ipswich - Image 5
Norwich Road, Ipswich - Image 6
Norwich Road, Ipswich - Image 7
Norwich Road, Ipswich - Image 8
Norwich Road, Ipswich - Image 9

Norwich Road, Ipswich

East of England

£160,000
Listed on 12/10/2024

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced house presents a solid renovation opportunity for those looking to invest in an area with significant potential. Nestled within a vibrant neighborhood, the property benefits from proximity to local amenities and excellent transport links, making it appealing for both homeowners and renters alike. The interior layout boasts two generously sized bedrooms along with a cozy living space that offers possibilities for modernization. The garden area is an added bonus, providing outdoor space that can be reimagined to enhance the property's overall appeal. Given the current market demand in this region, investing in this property could yield substantial returns post-renovation. Homes in this area are known for their desirability, ensuring that once improvements are made, there will likely be strong interest from potential buyers or tenants. Currently vacant and ready for renovation, this house invites creative vision and investment to unlock its true value. With some thoughtful updates, this property has the potential to transform into a profitable venture in a thriving community. Reach out to explore this opportunity further and arrange a viewing.

Investment Analysis

(IP1 area)
Area Average
£256/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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

Norwich Road, Ipswich
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 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