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Waveney Road, Ipswich, IP1

East of England

£215,000

Listed on 05/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
964 sqft

Description

This three-bedroom mid-terrace home, located in a peaceful cul-de-sac, presents an appealing canvas for those eager to undertake a renovation project. With no onward chain, it allows for a straightforward purchase process. The property features spacious living areas that could greatly benefit from modernization, while the upper floor comprises three bedrooms and a family bathroom that could be updated to enhance comfort and style. The garage offers additional storage or potential for off-road parking, with nearby spaces available as well. An enclosed rear garden provides an ideal setting not only for relaxation but also for landscaping enhancements or outdoor entertaining. Nestled in a desirable area of Ipswich with easy access to local shops, schools, and transport links, this property is perfect for first-time buyers looking to invest in their future or investors seeking an opportunity to add value through thoughtful improvements.

Investment Analysis

(IP1 area)

Below Market Value

This property is priced -13.7% below area average per sq ft

-13.7%
Potential saving
This Property
£223/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£274,060
10% above area average per sq ft
Potential ROI
+14.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP1)

Area prices are falling by -5.9% over the last 12 months
3 year growth: -6.8%
5 year growth: +7.2%
Investment Disclaimer: Analysis based on IP1 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

Waveney Road, Ipswich, IP1
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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
£812
Based on a loan of £161,250 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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