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Hall Close, Downham Market PE38

East of England

£153,000
Listed on 27/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
882 sqft

Description

This semi-detached home in Southery presents a promising opportunity for renovation and investment. The layout includes a fitted kitchen, a dining room, and a living room that offers ample space for family gatherings or entertaining guests. The ground floor is complemented by a conveniently located bathroom, while the first floor features three bedrooms, providing flexibility for various living arrangements. Outside, the property boasts a sizable garden that could be transformed into an outdoor retreat or recreational space. Additionally, there is generous parking available at the front of the house, making it easy for residents and visitors alike. While the home has solid bones, it does require modernisation to unlock its full potential. This aspect not only allows for personal touches but also presents an excellent chance for increasing property value through thoughtful updates. Located in Southery, the area offers community amenities and accessibility to local services, making this property a compelling option for those looking to invest in a project with promising returns.

Investment Analysis

(PE38 area)

Below Market Value

This property is priced -35.3% below area average per sq ft

-35.3%
Potential saving
This Property
£173/sq ft
Area Average
£268/sq ft
Avg Rent (weekly)
£225
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£259,965
10% above area average per sq ft
Potential ROI
+42.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE38)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 5.9%
5 year growth: 22.2%
Investment Disclaimer: Analysis based on PE38 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

Hall Close, Downham Market PE38
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£560
Based on a loan of £114,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE