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Mill Road Drive, Purdis Farm, Ipswich

East of England

£99,995
Listed on 26/03/2026

Property Details

Bedrooms
2
Type
Apartment
Area
517 sqft

Description

This spacious ground floor apartment situated in the sought-after Purdis Farm area of East Ipswich presents a promising opportunity for cash buyers. With an allocated parking space and the advantage of no onward chain, this property offers a blank canvas for potential investors or first-time buyers looking to create their ideal living space. Inside, you'll find an inviting entrance hall leading to a generously proportioned reception room that integrates with a fully fitted kitchen. The apartment features a spacious master bedroom with ample built-in wardrobe space, complemented by a second bedroom and a family bathroom equipped with a three-piece suite. The location benefits from easy access to local amenities including schools, shops, and recreational facilities. Ipswich town centre is nearby, providing direct train services to London Liverpool Street and access to the redeveloped Marina area filled with dining and entertainment options. This property holds significant renovation potential to enhance its appeal and increase value in this vibrant community.

Investment Analysis

(IP3 area)

Below Market Value

This property is priced -25.9% below area average per sq ft

-25.9%
Potential saving
This Property
£193/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£234
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£148,488
10% above area average per sq ft
Potential ROI
+18.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (IP3)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -1.5%
5 year growth: +10.4%
Investment Disclaimer: Analysis based on IP3 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

Mill Road Drive, Purdis Farm, Ipswich
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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
£361
Based on a loan of £74,996 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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