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Ipswich, Suffolk

East of England

£165,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
636 sqft

Description

This three-bedroom red brick terraced cottage presents an excellent opportunity for both first-time buyers and investors looking to capitalize on a property with significant renovation potential. Ideally situated on a quieter side street, the home is only a short walk from the bustling town center, offering easy access to a variety of shops, restaurants, and local amenities. While the property will require modernisation, its spacious layout allows for creative reimagining, making it a promising project for those willing to invest in updates. The absence of any onward chain simplifies the purchasing process for potential buyers eager to get started on renovations without delay. The outdoor space complements the property's potential perfectly, featuring well-proportioned rear gardens that include an established specimen tree and a timber storage shed with power connected. This versatile space could be transformed into an inviting garden or outdoor living area. Ipswich itself has seen considerable transformation in recent years, particularly around the waterfront area, which has bolstered its appeal as a desirable "commutable" town to London. As Suffolk's county town, Ipswich boasts an array of shopping facilities, sports clubs, and excellent educational options across both state and private sectors. The area's extensive gentrification efforts enhance its attractiveness for long-term investments. Local recreational opportunities abound, with excellent sailing and golfing facilities nearby as well as beautiful stretches along the Suffolk Heritage Coast. Commuters will appreciate the good transport links provided by the A12 and A14 road networks and mainline train services that connect Ipswich to London in roughly sixty-five minutes. Inside the cottage, features include a welcoming sitting room with sash windows and an adjacent kitchen/breakfast room equipped with essential appliances. The property also includes a family bathroom and three bedrooms—two generous doubles plus a smaller room that could serve as either a third bedroom or dressing area. With on-road parking available on this less-travelled street, this property strikes an ideal balance between quiet residential living and convenient access to urban amenities. Whether you envision transforming it into your dream home or seizing it as an investment prospect within an evolving market, this cottage offers compelling possibilities in a sought-after location.

Investment Analysis

(IP3 area)

Below Market Value

This property is priced -2.7% below area average per sq ft

-2.7%
Potential saving
This Property
£259/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£228
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£186,548
10% above area average per sq ft
Potential ROI
-11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Ipswich, Suffolk
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