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Purplett Street, Ipswich, Suffolk IP2

East of England

£140,000
Listed on 16/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
831 sqft

Description

This two-bedroom mid-terraced property is conveniently located near the bustling town centre of Ipswich, just a short stroll from the waterfront and the train station. While the home retains its character, it offers significant potential for updating and modernisation, making it an attractive prospect for first-time buyers or investors looking to capitalize on the growing local market. The layout comprises a porch leading to a spacious lounge/diner with a charming feature fireplace, a kitchen with base and wall units, and a rear lobby providing access to the garden. Upstairs, you'll find two well-sized bedrooms featuring original strip wood flooring and a bathroom equipped with essential amenities. The exterior includes a rear patio area alongside an outhouse for additional storage. Given its position in an area experiencing revitalization, this property is ripe for renovation and will appeal to those looking to add value through thoughtful improvements.

Investment Analysis

(IP2 area)

Below Market Value

This property is priced -33.4% below area average per sq ft

-33.4%
Potential saving
This Property
£168/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£210
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£231,404
10% above area average per sq ft
Potential ROI
+40.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP2)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -8.9%
5 year growth: +7.7%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£496
Based on a loan of £105,000 over 30 years at 3.91% 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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