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Myrtle Road, Ipswich, Suffolk, IP3

East of England

£190,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
909 sqft

Description

This characterful semi-detached house is tucked away in the southeast corner of Ipswich, just moments from the waterfront and town centre. With no onward chain, this property offers a promising opportunity for those looking to invest or renovate. While it is in need of modernization throughout, its solid structure and generous plot size present a canvas for transformation. The home features three bedrooms, providing ample space for family living or rental potential. The well-sized rear garden extends over 80 feet and is primarily laid to lawn, bordered by hedges, creating a pleasant outdoor space that could be enhanced with landscaping or further development. Off-road parking is an added convenience, and there’s potential for additional access from the rear street, which could allow for further parking options or extensions (subject to planning). Inside, the layout includes a welcoming entrance hall that leads to a living room with a bay window and feature fireplace—ideal for creating a cozy atmosphere. A dining area connects through French doors to the garden, making it easy to enjoy outdoor dining during warmer months. The kitchen provides essential functionality with space for appliances and natural light streaming in from side and rear-facing windows. The first floor accommodates three bedrooms of varying sizes, along with a bathroom that requires updating. There’s also a separate WC on this level. With thoughtful renovations, this space could be transformed into a comfortable family home or an attractive investment property. Located in Ipswich, the property benefits from proximity to local amenities including schools, shops, healthcare facilities, parks like Orwell Country Park, and cultural venues such as theatres. Additionally, the mainline railway station offers direct services to London Liverpool Street Station in approximately 1 hour 15 minutes. This property represents an excellent opportunity for investors or buyers willing to undertake renovations in a burgeoning area just steps away from all that Ipswich has to offer.

Investment Analysis

(IP3 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£209/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£228
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£266,623
10% above area average per sq ft
Potential ROI
+15.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP3)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 4.4%
5 year growth: 13.6%
Investment Disclaimer: Analysis based on IP3 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.

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Location

Myrtle Road, Ipswich, Suffolk, IP3
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