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Waveney Road, Ipswich, Suffolk, IP1

East of England

£240,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
687 sqft

Description

This well-maintained two-bedroom end terrace bungalow represents a promising opportunity for renovation and investment within a secure gated community in Ipswich. The property features double glazing throughout, a recently installed gas central heating boiler, and allocated parking along with visitor spaces. A significant advantage is the spacious southeast-facing rear garden, which is not overlooked and offers potential for landscaping or expansion (subject to planning permission). Inside, the accommodation includes an entrance hall, two generously sized double bedrooms, a modern shower room, a lounge/dining area with French doors to the garden, and a functional kitchen with integrated appliances. This property not only offers comfortable living but also the chance to enhance its value through further improvements. Nearby amenities include local shops, schools, and parks, plus excellent transport links to London Liverpool Street Station.

Investment Analysis

(IP1 area)

Above Market Value

This property is priced +36.6% above area average per sq ft

+36.6%
This Property
£349/sq ft
Area Average
£256/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£193,308
10% above area average per sq ft
Potential ROI
-28.4%
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

Waveney Road, 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
£879
Based on a loan of £180,000 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.

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