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Station Road, Melton, IP12

East of England

£375,000
Listed on 04/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1023 sqft

Description

This link-detached barn conversion presents an exciting chance for renovation enthusiasts and investors. Set back from the road, it offers a spacious layout with well-proportioned rooms, making it an appealing project for those looking to add value. The property includes a garage and driveway parking, alongside a rear garden that provides potential for landscaping or personalisation. Although some updating is necessary, the accommodation features an inviting lounge diner that opens directly onto the garden, promoting seamless indoor-outdoor living. The kitchen breakfast room is functional with ample unit spaces and offers direct access to the garden. Upstairs, you'll find three bedrooms and a family bathroom, all benefiting from natural light through various windows and skylights. The location balances tranquility with convenience; it's a short distance from Woodbridge's vibrant amenities including shops and restaurants while being close to Melton railway station for easy commuting. This property is ideal for those seeking to invest in a home that allows them to inject their own style and preferences while enjoying the benefits of a peaceful village atmosphere and nearby outdoor activities. With no onward chain, this is not just a home but an opportunity for growth in an attractive area.

Investment Analysis

(IP12 area)

Above Market Value

This property is priced +0.5% above area average per sq ft

+0.5%
This Property
£367/sq ft
Area Average
£365/sq ft
Avg Rent (weekly)
£282
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£410,622
10% above area average per sq ft
Potential ROI
-1.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (IP12)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -5.4%
5 year growth: +4.3%
Investment Disclaimer: Analysis based on IP12 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

Station Road, Melton, IP12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% 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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