The Old Mortuary , Lion Lane, Needham Market, Ipswich IP6 8NT
AU

The Old Mortuary , Lion Lane, Needham Market, Ipswich IP6 8NT

By Auction House

£ 60,000

Reviews

2 out of 5 stars

Auction House says ..

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 26 MARCH AT 11AM TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

Property Oracle says ..

The property is a former mortuary located in Needham Market, Suffolk. The building is small, approximately 430 sqft, and requires significant renovation. The location is convenient to Needham Market train station (0.61km), and there are several primary schools within a reasonable distance. However, the property itself is in poor condition, with dirty floors and damaged ceilings visible in the provided photos. The list price of £60,000 is significantly lower than the average house price in the area (£339,650), but this is likely due to the property’s condition and the need for substantial work. The small plot size (430 sqft) also impacts the value. There is no garden. While the location is reasonably convenient, the condition of the property and the lack of land significantly detract from its overall value. The price may be attractive to investors or developers who are willing to undertake a complete renovation.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
3
Location
6
Land
1
Bedrooms
0
Bathrooms
0
Sqft (est)
430.00
Lot (est)
430.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
392,083.00 £
Increased by 15.46 %
from 339,586.00 £
Est sale value
152,220.00 £
Increased by 43.32 %
from 106,210.00 £
Average area rental value
1,056.00 £/mo
Decreased by 19.94 %
from 1,319.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
3.23 %
Decreased by 30.69 %
from 4.66 %
Crime Rate
21.00 %
Unchanged by 0.00 %
from 21.00 %

Agent Activity

  • Auction House created the listing.

Nearby Schools

NameTypeOfstedDistance
Bosmere Community Primary SchoolAcademy Converter1.45 KM
Robins Children'S CentreChildren's Centre1.57 KM
Creeting St Mary Church Of England Voluntary Aided Primary SchoolVoluntary Aided SchoolGood2.25 KM
Somersham Primary SchoolCommunity SchoolGood6.10 KM
Freeman Community Primary SchoolAcademy Converter6.50 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Chalk Lane £ 000.00 KM
Uvedale Gardens £ 286,25000.00 KM
Badger Close £ 315,90800.00 KM
Jackdaw Close £ 402,50000.00 KM
The Drift £ 362,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Needham Market7354NMT0.61 KM
Stowmarket7355SMK7.99 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Old Mortuary , Lion Lane, Needham Market, Ipswich IP6 8NT £ 60,000BUY4 / 100.00 KM
Pinecroft Way, Needham Market, Ipswich £ 250,000BUY6 / 100.10 KM
Pinecroft Way, Needham Market, Ipswich £ 250,000BUY7 / 100.11 KM
Ammonite Drive, Needham Market, Ipswich £ 260,000BUY7 / 100.32 KM
Ammonite Drive, Needham Market, Ipswich, Suffolk, IP6 £ 320,000BUY7 / 100.33 KM

Nearby Properties

AddressPriceDistance
28 Pinecroft Way £ 295,0000.23 KM
57 Pinecroft Way £ 126,5000.23 KM
49 Pinecroft Way £ 315,2500.23 KM
34 Pinecroft Way £ 250,0000.23 KM
47 Pinecroft Way £ 251,0000.23 KM