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Richmond Road, Ipswich

East of England

£160,000

Listed on 17/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
885 sqft

Description

This two-bedroom mid-terrace property on Richmond Road in Ipswich presents a promising investment opportunity for buyers looking to make it their own. The home features a generously sized lounge/dining area, a separate kitchen, and a dining room that opens to the rear garden. While the interiors require comprehensive modernisation, this provides an ideal blank canvas for creating a contemporary living environment tailored to individual tastes. Upstairs, you'll find two well-proportioned bedrooms along with a four-piece family bathroom. Externally, the front garden is set back from the road, while the rear garden offers ample space for potential landscaping or outdoor entertaining enhancements. Conveniently located near local amenities, including schools and supermarkets, this property is perfectly suited for first-time buyers or families looking to upsize. Ipswich's vibrant community and waterfront area, which boasts numerous dining options and cultural attractions, further enhance its appeal. Given its current condition and renovation possibilities, early viewing is advised to fully appreciate what this home has to offer.

Investment Analysis

(IP1 area)

Below Market Value

This property is priced -30.0% below area average per sq ft

-30.0%
Potential saving
This Property
£181/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£251,601
10% above area average per sq ft
Potential ROI
+29.0%
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

Richmond Road, Ipswich
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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
£604
Based on a loan of £120,000 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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