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Purplett Street, Ipswich, Suffolk, IP2

East of England

£140,000
Listed on 18/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
831 sqft

Description

This two-bedroom mid-terraced property is located within a short walking distance of Ipswich's town center, making it an attractive option for those looking to invest or renovate. Its proximity to the vibrant waterfront and the Ipswich train station adds to its appeal, particularly for commuters seeking direct access to London Liverpool Street Station in approximately 1 hour and 15 minutes. The house presents a unique opportunity for modernization, as it would benefit from updates throughout. Currently, the layout includes a welcoming porch leading into a spacious lounge/diner, complete with a feature fireplace and ample natural light from double-glazed windows at both ends. The kitchen, while functional, offers potential for redesign and expansion to suit contemporary living needs. A rear lobby provides direct access to the outdoor space. On the first floor, you will find two well-proportioned bedrooms featuring strip wood flooring and generous windows that enhance the brightness of these rooms. The bathroom completes this level with its classic three-piece suite and provides further scope for renovation. Outside, the property includes a rear garden area with a brick-built outhouse and patio space, presenting opportunities for landscaping or recreational use. With no onward chain, this property stands out as an ideal project for first-time buyers or seasoned investors looking to capitalize on its renovation potential. Ipswich itself offers a range of local amenities including schools, shops, healthcare facilities, parks like Orwell Country Park, and vibrant cultural spots such as theatres and restaurants along the waterfront—elements that contribute positively to the property’s long-term investment value. An internal viewing is recommended to fully appreciate the possibilities this home has to offer.

Investment Analysis

(IP2 area)

Below Market Value

This property is priced -32.0% below area average per sq ft

-32.0%
Potential saving
This Property
£168/sq ft
Area Average
£248/sq ft
Avg Rent (weekly)
£225
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£226,423
10% above area average per sq ft
Potential ROI
+37.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (IP2)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -4.2%
5 year growth: 20.3%
Investment Disclaimer: Analysis based on IP2 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.

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Location

Purplett Street, Ipswich, Suffolk, IP2
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