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Ranelagh Road and Princess Street Junction, Ipswich, Suffolk, IP2 0AD - Image 1
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Ranelagh Road and Princess Street Junction, Ipswich, Suffolk, IP2 0AD - Image 6
Ranelagh Road and Princess Street Junction, Ipswich, Suffolk, IP2 0AD - Image 7

Ranelagh Road and Princess Street Junction, Ipswich, Suffolk, IP2 0AD

East of England

£2,900,000Guide Price

Listed on 08/07/2026

Property details

Bedrooms
139
Type
Block Of Apartments

Description

This property presents a substantial redevelopment opportunity, featuring a planning consent for 109 residential units comprising 79 one-bedroom and 30 two-bedroom flats, alongside 228 sqm of commercial space under Use Class E. Located at the pivotal junction of Ranelagh Road and Princes Street in Ipswich, directly opposite the train station, this site is strategically positioned to benefit from increasing rental demand and potential capital growth. The approved scheme includes necessary landscaping and adequate provisions for refuse collection, cycling, and car parking. With full planning already secured (Ref: 24/00430/FUL), this investment offers an exciting avenue for developers aiming to capitalize on Ipswich's expansion as a commuter hub. Offered at auction, prospective buyers can explore comprehensive legal documents for further details on the transaction process.

Investment analysis

(IP2 area)
Area Average
£247/sq ft
Avg Rent (weekly)
£226
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£7,500,000 - £9,500,000
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 (IP2)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -6.3%
5 year growth: +6.2%
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

Ranelagh Road and Princess Street Junction, Ipswich, Suffolk, IP2 0AD
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Mortgage calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£10,956
Based on a loan of £2,175,000 over 30 years at 4.45% 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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