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Helmingham Road, Otley, Suffolk, IP6

East of England

£400,000
Listed on 14/05/2026

Property Details

Bedrooms
2
Type
Detached
Area
759 sqft

Description

This distinctive two-bedroom timber-framed cottage, nestled within a tranquil village in Otley, presents an exceptional opportunity for those looking to invest in a renovation project. Set on a generous plot of approximately one third of an acre, the property boasts picturesque views of open fields from both the front and rear, enhancing its serene rural ambiance. Character features abound, including exposed beams and stable-latch doors, which can be seamlessly integrated into modern updates. While 'Hope Cottage' requires significant modernization to suit contemporary living standards, it offers considerable potential for expansion or development (subject to planning permission), allowing you to create a tailored village residence. The surrounding garden is expansive, with over 100 ft extending to the rear (subject to survey). A shingle driveway accommodates off-road parking for multiple vehicles, increasing convenience. Inside, the accommodation includes a spacious open plan lounge/dining area with a multi-fuel burner, a functional kitchen with ample cabinetry, and two double bedrooms upstairs that invite creative redesigns.

Investment Analysis

(IP6 area)

Above Market Value

This property is priced +65.2% above area average per sq ft

+65.2%
This Property
£527/sq ft
Area Average
£319/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£266,417
10% above area average per sq ft
Potential ROI
-40.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP6)

Area prices are falling by -6.5% over the last 12 months
3 year growth: -10.4%
5 year growth: -0.6%
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

Helmingham Road, Otley, Suffolk, IP6
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,427
Based on a loan of £300,000 over 30 years at 3.97% 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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