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Wickham Market, Nr Woodbridge, Suffolk

East of England

£240,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
678 sqft

Description

This detached two-bedroom bungalow, constructed in the 1970s, is located in the well-regarded community of Wickham Market, just north of the village center. The property presents a unique opportunity for buyers looking to invest in a home that requires modernization to unlock its full potential. While currently equipped with double glazing and a gas fired warm air heating system, the interiors would benefit from a comprehensive update, allowing new owners to implement their own design choices. The entrance hall features parquet flooring and provides access to a spacious sitting/dining room measuring 16’2 x 11’2, which is complemented by a large window facing the rear garden and features a serving hatch connecting to the kitchen. The kitchen also overlooks the garden and includes a door leading out to the exterior. Two double bedrooms and a bathroom complete the accommodation. Outside, the property enjoys ample off-street parking via a driveway and has an accessible garage with power connections. The gardens are mature and enclosed, consisting of both lawned areas and patio space for outdoor enjoyment. Overall, this bungalow not only offers comfortable living but also significant potential for renovation in an attractive location close to local amenities and transport links.

Investment Analysis

(IP13 area)

Above Market Value

This property is priced +4.9% above area average per sq ft

+4.9%
This Property
£354/sq ft
Area Average
£338/sq ft
Avg Rent (weekly)
£293
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£251,782
10% above area average per sq ft
Potential ROI
-6.7%
After renovation
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

Wickham Market, Nr Woodbridge, Suffolk
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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