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Helmingham Road, Otley, Suffolk IP6

East of England

£400,000

Listed on 14/05/2026

Property Details

Bedrooms
2
Type
Detached
Area
759 sqft

Description

This unique two-bedroom timber-framed cottage presents a fantastic opportunity for those looking to personalize a property in the picturesque village of Otley. Nestled on approximately a third of an acre, ‘Hope Cottage’ boasts captivating field views that enhance its rural charm. The home retains character features such as exposed beams and stable-latch doors but requires modern updates to realize its full potential. With ample space for extension or development (subject to planning permissions), this residence is ideal for creating a tailored living space. The expansive garden wraps around the cottage, featuring a rear area that extends over 100 feet, perfect for outdoor pursuits or further landscaping projects. A gravel driveway provides convenient off-road parking for several vehicles. Internally, the layout includes a generous open-plan lounge/dining room with a cozy multi-fuel burner, a kitchen equipped with essential appliances, and a ground-floor wet room. Upstairs are two comfortable double bedrooms offering attractive views. Located within the charming community of Otley, which boasts local amenities and easy transport links, 'Hope Cottage' offers both serenity and investment potential for the forward-thinking buyer.

Investment Analysis

(IP6 area)

Above Market Value

This property is priced +65.2% above area average per sq ft

+65.2%
This Property
£527/sq ft
Area Average
£319/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£266,417
10% above area average per sq ft
Potential ROI
-39.5%
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

Helmingham Road, Otley, Suffolk IP6
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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
£1,427
Based on a loan of £300,000 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

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