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Otley, Ipswich, Suffolk

East of England

£675,000

Listed on 04/06/2026

Property Details

Bedrooms
5
Type
Detached
Area
1907 sqft

Description

This property presents a promising opportunity for renovations and enhancements. Built approximately five years ago, it features a well-configured layout consisting of a reception hall, cloakroom, sitting room, and an expansive kitchen/dining area equipped with modern Bosch appliances. The first floor accommodates five bedrooms, two of which boast en-suite facilities, alongside a family bathroom. Notably, there's potential to convert the fifth bedroom into additional living space by adding a staircase to the attic – subject to necessary approvals. Outside, the property offers ample off-road parking and a large double garage. The garden is primarily laid to lawn with established flower beds and a patio area, plus an existing studio currently utilized as a gym, which could also be adapted for other uses. With its location just 8 miles from Ipswich and convenient access to local amenities such as shops, pubs, and schools, this home offers both livability and investment potential in an appealing village setting. Furthermore, the presence of an air source heat pump adds future efficiency benefits that may be attractive to buyers or renters looking for modern conveniences.

Investment Analysis

(IP6 area)

Above Market Value

This property is priced +12.4% above area average per sq ft

+12.4%
This Property
£354/sq ft
Area Average
£315/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£660,356
10% above area average per sq ft
Potential ROI
-7.6%
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
9%
Properties sold annually

Local Market Trend (IP6)

Area prices are falling by -6.9% over the last 12 months
3 year growth: -9.9%
5 year growth: +1.1%
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

Otley, 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
£2,550
Based on a loan of £506,250 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

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