Cherry Lane Gardens, Ipswich, IP4
East of England
£495,000
Listed on 01/10/2026
Listed on 01/10/2026
The listing
Property details
Bedrooms
4Type
DetachedArea
1561 sqftFeatures
- Garage
- Garden
Description
This four-bedroom detached house is offered with a choice of completion levels. At £495,000, the purchaser takes on the installation of kitchens, bathrooms and flooring, while the alternative £575,000 option includes those items, a resin or block driveway and further specification choices. The listing notes that the kitchen photographs are CGI examples rather than images of an installed kitchen.
Work already reported includes partial rewiring, plumbing upgrades, a new soil stack and a recent high-specification combi boiler. The seller also states that the guttering and downpipes have been replaced, a patio and garden fencing added, and the windows refurbished. The loft has been insulated and boarded, with lighting described as part of the works. Further items remain under the lower-priced option, including decoration, lighting and completion of some loft and external details.
Drawings are available for possible additions including a conservatory, garage conversion, major extension and loft conversion. These are options for investigation rather than confirmed permissions, and any proposal would require the relevant checks and consents. The property also has a double garage and a rear garden.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
39out of 100
Grade ELow opportunity
Confidence: MEDIUM
This detached four-bedroom house has a clear, hands-on finish to complete: several rooms have unfinished floors and making-good, and the photographed bathroom is stripped back. There is scope to choose the final finishes, while substantial work is already reported as done, including partial rewiring, upgraded plumbing and a recent boiler. The double garage, driveway and enclosed garden add useful appeal, and the exterior and roof look generally intact in the supplied views.
The asking price is the sticking point: at £317 per sq ft, it is above the local £273 average. Adding the £25,000–£45,000 refurb range to the £495,000 asking price also leaves the purchase-plus-works cost stretched against the local benchmark for this floor area; that comparison is not a forecast of renovated value. Overall, this is a flexible project with sound-looking fundamentals, but the numbers make it a weak-value opportunity at the current asking price.
Key opportunities
- Complete the unfinished floors, decoration and making-good to create a consistent finish to your own specification.
- The stripped-back bathroom offers scope to choose and install a new suite and finishes.
- A double garage, driveway and enclosed rear garden provide useful existing features, with further conversion or extension ideas described by the listing subject to feasibility and consents.
Key risks
- At the £495,000 asking price, adding the stated £25,000–£45,000 works range puts purchase-plus-refurb costs above the local benchmark for this floor area, before fees.
- The fitted kitchen's condition and scope are uncertain: the listing identifies some kitchen images as CGI, while the supplied photographs show both fitted and unfinished views.
- Budget around £530,000 when purchase and the £35,000 refurb range are added together, leaving a gap of around 20% versus area norms for this sqft; post-works value sits outside our data.
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Transport
Nearest stations
Derby Road (Ipswich) Rail Station
0.8 miles
Train · Copleston
Westerfield Rail Station
1.8 miles
Train · Westerfield
Ipswich Rail Station
2.1 miles
Train · Ipswich
Woodbridge Rail Station
5.8 miles
Train · Woodbridge
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,870
Based on a loan of £371,250 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.
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