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Barking, Near Ipswich, Suffolk

East of England

£225,000

Listed on 17/05/2026

Property Details

Bedrooms
3
Type
Plot
Area
1275 sqft

Description

This barn offers an exciting opportunity for those looking to invest in a self-build project with planning permission already in place. Encompassing about 1,275 sq. ft (118.5 sqm), the proposed conversion includes a versatile layout featuring a hallway, a spacious open-plan kitchen/dining/sitting area, a ground floor bedroom with an en-suite shower room, as well as additional utility and bathroom facilities. The first floor is designed to accommodate two more bedrooms and a shower room, making it suitable for family living or potential rental opportunities. Furthermore, the plans include the construction of a double cartlodge with an office above, adding even more value to this investment. Set on approximately 0.25 acres in a tranquil rural position near Needham Market, this site not only provides ample outdoor space but also enjoys proximity to local amenities within the town. Mains electricity is accessible, although mains water will need installation by the buyer; drainage is available nearby. This property represents a substantial renovation opportunity for buyers looking to create their ideal home while benefiting from the potential of local development plans.

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
£75,000 - £100,000
Target Value
£447,538
10% above area average per sq ft
Potential ROI
+37.7%
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

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

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