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Spring Road, Ipswich

East of England

£160,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
883 sqft

Description

This three-bedroom terraced house located in the desirable IP4 area presents a compelling opportunity for investors and first-time buyers. Currently tenanted, the property generates immediate rental income, but can also be made available for personal occupancy upon request. The layout comprises a front-facing living room, a dedicated dining space, a rear kitchen, and a ground floor bathroom. Upstairs, you'll find three bedrooms, including one that is accessed through another, making it suitable for flexible uses such as a nursery or home office. In addition to the interior space, an ample rear garden offers significant potential for landscaping or outdoor enhancements. While some updates are needed to modernise the property—creating an ideal chance for buyers to renovate and personalise—the existing features already lay a solid foundation for value addition. This property is perfect for those looking to imprint their style while expanding their investment portfolio or establishing their first home.

Investment Analysis

(IP4 area)

Below Market Value

This property is priced -33.1% below area average per sq ft

-33.1%
Potential saving
This Property
£181/sq ft
Area Average
£271/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£262,979
10% above area average per sq ft
Potential ROI
+42.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (IP4)

Area prices are rising by +7.1% over the last 12 months
3 year growth: -1.6%
5 year growth: +10.5%
Investment Disclaimer: Analysis based on IP4 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

Spring Road, Ipswich
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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
£577
Based on a loan of £120,000 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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