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St. Peters Street, Ipswich, Suffolk

East of England

£75,000Guide Price

Listed on 02/09/2026

The listing

Property details

Bedrooms
2
Type
Apartment
Area
630 sqft

Description

Located in the vibrant heart of Ipswich, this spacious two-bedroom first-floor apartment presents an appealing investment opportunity, although it requires modernisation and improvement. The property features two bathrooms and secure residents’ parking at the rear, making it a practical choice for potential tenants or homeowners. Offered with no onward chain, this flat allows for a seamless transition for buyers. The apartment holds significant potential to enhance its rental appeal through refurbishment, with the possibility of achieving a gross yield of 15% or more following renovations, depending on rental rates and associated costs. Its central location ensures easy access to Ipswich’s diverse range of shops, restaurants, bars, and essential amenities. Additionally, Ipswich railway station provides mainline services to London Liverpool Street, while the nearby marina and waterfront further enhance the location's attractiveness for both residents and tenants. This property is set to be sold by online auction on Wednesday, 30th September, with a four-week completion period. Interested buyers are encouraged to register ahead of the auction date to participate in the bidding process.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

71out of 100
Grade BGood opportunity

Confidence: MEDIUM

This spacious two-bedroom flat in the heart of Ipswich town centre presents an attractive investment opportunity for those looking to create value through refurbishment. With a guide price of £75,000, the property is remarkably priced at £119/sqf, significantly below the local average of £258/sqf. This makes it a compelling choice for buyers seeking to acquire a property with significant potential for uplift.

While the interiors are dated, showcasing general signs of wear and outdated fixtures, there’s ample scope for modernisation to enhance both the living space and rental appeal. The flat features secure residents' parking, two bathrooms, and is offered with no onward chain, making the acquisition process more straightforward. A refurbishment budget of £30,000 to £60,000 could position this property well in the market, especially given its central location and easy access to amenities and transport links. With potential gross yields of 15% or more post-renovation, this flat is a promising project for investors ready to roll up their sleeves.

Key opportunities

  • Significantly below local £/sqf, allowing for a strong entry point into the market.
  • Ample scope for internal refurbishment to enhance rental appeal and value.
  • Central location with easy access to amenities and transport, increasing attractiveness for future tenants.

Key risks

  • Requires significant internal refurbishment, which may extend the project timeline.

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Map

Location

St. Peters Street, Ipswich, Suffolk
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£283
Based on a loan of £56,250 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.

Tax

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