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Barking, Near Ipswich, Suffolk

East of England

£225,000
Listed on 15/05/2026

Property Details

Bedrooms
3
Type
Barn
Area
1275 sqft

Description

This property presents a compelling opportunity for those looking to invest in a renovation project. The barn has received planning permission for conversion into a residential home spanning approximately 1,275 sq. ft (118.5 sqm). The proposed layout includes a welcoming hallway, an open-plan kitchen/dining/sitting area, a ground floor bedroom with an en-suite shower room, a utility room, and a family bathroom. Additionally, there are two bedrooms and another shower room on the first floor. A noteworthy feature is the planned double cartlodge with an office above it, enhancing both functionality and potential resale value. Set in roughly 0.25 acres of land, this rural property balances tranquillity with proximity to local amenities in Needham Market, such as shops, schools, and recreational areas like Needham Lake. The existing structure benefits from mains electricity connectivity and nearby drainage infrastructure; however, prospective buyers will need to install their own mains water supply. This venture offers significant customization potential for the discerning buyer willing to undertake renovations in line with the granted planning permissions.

Investment Analysis

(IP6 area)

Below Market Value

This property is priced -44.7% below area average per sq ft

-44.7%
Potential saving
This Property
£176/sq ft
Area Average
£319/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£447,538
10% above area average per sq ft
Potential ROI
+46.7%
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

Barking, Near Ipswich, Suffolk
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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
£803
Based on a loan of £168,750 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.

Stamp Duty Calculator

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