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Barking, Near Ipswich, Suffolk

East of England

£239,500

Listed on 15/05/2026

Property details

Bedrooms
3
Type
Plot
Area
1275 sqft

Description

This barn presents a remarkable opportunity for conversion into a spacious home, with granted planning permission for a transformation into approximately 1,275 sq. ft (118.5 sqm) of living space. The proposed layout includes a welcoming hallway leading to an open-plan kitchen, dining, and sitting area, complemented by a ground floor bedroom featuring an en-suite shower room, alongside a utility room and a family bathroom. Upstairs, you will find two additional bedrooms and a shared shower room. Furthermore, the plans include the construction of a double cartlodge with office space above, enhancing its appeal for potential buyers or renters. The property is set on around 0.70 acres of land, encompassing additional meadow space with an existing summerhouse—perfect for outdoor relaxation or expansion projects. Situated in a tranquil rural location just outside Needham Market, this property offers the perfect blend of countryside living while still being conveniently close to local amenities including shops, healthcare facilities, and schools. With mains electricity already connected and mains drainage nearby, the major infrastructures are in place; however, the future owner will need to arrange for water supply connection. For those looking to invest in property with significant refurbishment potential in the East of England region, this barn conversion could be turned into an attractive self-build dwelling that aligns well with modern living needs while retaining its unique character.

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Investment analysis

(IP6 area)

Below Market Value

This property is priced -40.6% below area average per sq ft

-40.6%
Potential saving
This Property
£188/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£443,681
10% above area average per sq ft
Potential ROI
+34.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (IP6)

Area prices are falling by -7.0% over the last 12 months
3 year growth: -10.2%
5 year growth: +1.6%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£905
Based on a loan of £179,625 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

Price History

+6.4% since listed
£239,500+£14,500(+6.4%)
05/06/2026
Current price
£225,000Initial listing
16/05/2026

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