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Purplett Street, Ipswich, Suffolk, IP2

East of England

£140,000
Listed on 07/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
831 sqft

Description

This two-bedroom mid-terrace character property is conveniently located near the heart of Ipswich, within walking distance to the town centre, waterfront, and the train station. While it currently requires some updating and modernisation throughout, it presents a promising opportunity for first-time buyers or investors looking to enhance its value. Inside, the layout includes a porch leading into a spacious lounge/diner featuring a traditional fireplace, a kitchen equipped with essential units and connections for appliances, as well as two bedrooms and a bathroom situated on the first floor. The rear garden is accessible via a lobby and includes an outhouse for additional storage. The surrounding area boasts an array of amenities such as schools, shopping facilities, recreational parks like Orwell Country Park, and excellent transport links to London Liverpool Street Station. This property's potential makes it an intriguing prospect for those prepared to invest in refurbishment.

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)
£219
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£226,468
10% above area average per sq ft
Potential ROI
+37.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (IP2)

Area prices are stable by -0.8% over the last 12 months
3 year growth: -7.4%
5 year growth: +11.5%
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.

Location

Purplett Street, Ipswich, Suffolk, IP2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£505
Based on a loan of £105,000 over 30 years at 4.06% 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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