This Ipswich maisonette with a guide price of £50,000 is one of the cheapest properties on the market in Suffolk.

The home in Hatfield Road, off Felixstowe Road, has been described by Auction House East Anglia as having potential – but requires "modernisation throughout".

East Anglian Daily Times: One of the reception room as the property. This one looks out onto the street.One of the reception room as the property. This one looks out onto the street. (Image: Auction House East Anglia)

It has a guide price of £50,000 to £55,000, plus fees, before it goes under the hammer on Wednesday, March 23.

The home has two receptions rooms, a kitchen, a bedroom and a shower room with a toilet.

East Anglian Daily Times: The kitchen at 85B Hatfield Road, just off the main reception area.The kitchen at 85B Hatfield Road, just off the main reception area. (Image: Auction House East Anglia)

It already benefits from gas central heating and part double glazing.

The listing on Auction House East Anglia said that the maisonette "offers an excellent investment opportunity with good rental prospects".

East Anglian Daily Times: A view of the main reception area from the front door.A view of the main reception area from the front door. (Image: Auction House East Anglia)

It also adds that the property is "priced very competitively for the auction market" and "shouldn't be overlooked".

It can be found a seven-minute drive from Ipswich town centre, with the Rosehill Centre retail park a short walk away.

East Anglian Daily Times: The bedroom at the east Ipswich property toward the back of the maisonette.The bedroom at the east Ipswich property toward the back of the maisonette. (Image: Auction House East Anglia)

There are good transport links with multiple buses every hour.

East Anglian Daily Times: The shower room and toilet at the Ipswich propertyThe shower room and toilet at the Ipswich property (Image: Auction House East Anglia)

East Anglian Daily Times: The side and back of the Ipswich property.The side and back of the Ipswich property. (Image: Auction House East Anglia)

Would you like to stay up to date with the latest property news in your area? Sign up to our East Anglian Daily Times newsletter for our pick of the best local property stories.