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Needham Market, Suffolk

East of England

£270,000
Listed on 02/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This detached two-bedroom chalet presents a valuable opportunity for those looking to invest in a property with significant renovation potential. While the home currently requires modernization, it is situated on an attractive corner plot that offers ample scope for extensions or reconfiguration, subject to obtaining the necessary planning consents. The property is available with no onward chain, making it an ideal choice for those ready to take on a project. The accommodation comprises a welcoming entrance hall leading to various living spaces, including a spacious sitting room featuring a fireplace and access to the dining room, which opens out through French doors into the garden. The kitchen has a practical layout with existing cabinets and connections for appliances. A utility room adds functionality, while the recently added garden room further enhances the living space by flooding it with natural light and providing views of the outdoor area. Upstairs, you'll find two well-proportioned bedrooms and a family bathroom equipped with essential fixtures. The master bedroom benefits from built-in wardrobes for additional storage. Outside, the property boasts extensive off-road parking alongside a single garage fitted with power and lighting. The private garden provides a peaceful retreat with defined boundaries featuring fencing, primarily laid to lawn and complemented by a terrace leading from the garden room. Located just a short walk from Needham Market's historic High Street, this property enjoys proximity to various local amenities including grocery stores, cafes, restaurants, and community facilities. This charming small town serves as an excellent base between Bury St Edmunds and Ipswich and provides good transport links via bus and train services. Additionally, recreational opportunities abound at nearby Needham Lake—a Conservation Area that offers scenic walks and hosts community events. With its great location and potential for transformation, this property represents an exciting investment opportunity for buyers looking to create their ideal home in a thriving community.

Investment Analysis

(IP6 area)
Area Average
£309/sq ft
Avg Rent (weekly)
£351
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (IP6)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -8.3%
5 year growth: 12.2%
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.

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Location

Needham Market, Suffolk
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