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22 Turin Street, Ipswich, Suffolk IP2 - Image 1
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22 Turin Street, Ipswich, Suffolk IP2

East of England

£90,000
Listed on 30/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
646 sqft

Description

This mid-terraced Victorian house presents a unique opportunity for renovation and investment in the sought-after Old Stoke area, located just south of the town center. While the property is currently in need of internal refurbishment, it offers a solid foundation with two reception rooms and two bedrooms, along with a first-floor bathroom. The existing gas central heating and double glazing already provide functional amenities to build upon. The location not only benefits from its proximity to local amenities but also enjoys high demand for rental properties, making this an attractive prospect for investors seeking strong potential returns. The competitive rental market nearby enhances the likelihood of generating consistent monthly income after renovations are completed. With its classic architectural features and ample space, this property offers a blank canvas for those looking to create a modern living environment that appeals to future tenants or homeowners. Whether you're looking to add value through updates or capitalize on the rental market, this property holds significant promise. Investors should be mindful of additional fees associated with the sale, including buyer's premium and administration charges, which are standard practice in auction transactions. The EPC rating of D indicates room for improvement in energy efficiency, adding further potential value through effective upgrades. Overall, this property is well-positioned for those ready to take on a project with attractive rewards.

Investment Analysis

(IP2 area)

Below Market Value

This property is priced -44.1% below area average per sq ft

-44.1%
Potential saving
This Property
£139/sq ft
Area Average
£249/sq ft
Avg Rent (weekly)
£241
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£9,000 - £22,500
10-25% of property value
Target Value
£177,153
10% above area average per sq ft
Potential ROI
+57.5%
After renovation
Monthly Sales
23
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (IP2)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -2.2%
5 year growth: 21.5%
Investment Disclaimer: Analysis based on IP2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

22 Turin Street, Ipswich, Suffolk IP2
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