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Creeting St Mary, Ipswich, Suffolk

East of England

£190,000
Listed on 02/11/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
1356 sqft

Description

This property presents a noteworthy opportunity for those looking to invest in a building plot suitable for a single, detached residence. Nestled on the edge of a desirable village, the location offers a blend of rural charm and accessibility, making it an appealing choice for potential homeowners or investors. The site has received full planning permission for constructing a spacious four-bedroom detached home that will encompass over 2,300 square feet, complete with a detached double garage. Set on approximately 0.4 acres, the property promises stunning views of the surrounding countryside. Construction on the site has already commenced with approval from local authorities, eliminating any immediate timelines for development. An entranceway has been established, streamlining the process for the new owner as they embark on this project. The area surrounding Creeting St Mary is rich in community amenities, featuring a church, village hall, and primary school all within easy reach. Additionally, it falls within the catchment area for Debenham High School. The nearby towns of Stowmarket and Needham Market offer various independent shops and community activities. For commuters, Stowmarket's mainline rail station provides direct access to London’s Liverpool Street station. The A14 road ensures convenient travel to Ipswich (11 miles away), Bury St Edmunds, Cambridge, and further afield to London and Stansted Airports via the M11. The property will be sold under certain restrictions; specifically, it cannot be subdivided into multiple dwellings. Future owners will need to implement private drainage solutions. This plot not only represents an opportunity to craft a customized home in an idyllic setting but also stands as a feasible investment in an area known for its growth potential. Interested parties are encouraged to consult with the local authority's planning department using reference DC/22/03428 for additional insights into this opportunity.

Investment Analysis

(IP6 area)

Below Market Value

This property is priced -55.4% below area average per sq ft

-55.4%
Potential saving
This Property
£140/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£340
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Target Value
£468,512
10% above area average per sq ft
Potential ROI
-13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (IP6)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -7.3%
5 year growth: 9.8%
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.

Location

Creeting St Mary, Ipswich, 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
£696
Based on a loan of £142,500 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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