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Bath Hills Road, Earsham, Bungay

East of England

£160,000
Listed on 04/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
758 sqft

Description

This end-of-terrace cottage, dating back to 1927, is located in a semi-rural setting that offers both charm and potential for renovation. While the property requires updating, it presents a unique opportunity for investors or those looking to create a personalized living space. The layout includes two front-facing reception rooms on the ground floor, providing ample natural light and versatile living areas. Adjacent to these rooms is a kitchen equipped with a range of wall and base units, ready for modern redesign. The ground floor also features a bathroom at the rear of the property, along with a lobby that provides access to the outside and an additional storage room. An understairs cupboard adds practicality to the space. Upstairs, there are two comfortable double bedrooms with views out front and an additional smaller bedroom that can serve various purposes. Externally, the property boasts a small front garden along with side driveway access. The sizeable rear garden is primarily lawned and includes two garden sheds for extra storage or potential workshops. Situated just one mile from Bungay—a market town rich in amenities including shops, schools, and bus services—this location is particularly appealing for families and commuters alike. The city of Norwich is approximately 15 miles north, while Halesworth—a nearby town with railway connections to London—is about 9 miles south. The surrounding area offers easy access to Beccles and the picturesque Norfolk Broads as well as beautiful coastal spots like Southwold. In terms of services, this property operates on oil-fired central heating with drainage via a septic tank; mains water and electricity are also connected. It's important to note that this home is constructed from non-standard materials, which may limit financing options. Prospective buyers should be prepared for cash-only offers due to mortgage restrictions related to its construction type. Additionally, plans have been laid out for gravel extraction on adjacent land over the next decade, which will ultimately be transformed into landscaped nature areas upon completion. This prospect could lead to enhanced local surroundings in years to come, further increasing the investment value of this property. With thoughtful renovations in mind, this cottage stands as an excellent opportunity for those looking to make their mark in a desirable semi-rural location while benefiting from future developments in the area.

Investment Analysis

(NR35 area)

Below Market Value

This property is priced -27.5% below area average per sq ft

-27.5%
Potential saving
This Property
£211/sq ft
Area Average
£291/sq ft

Renovation Potential

Est. Renovation Cost
£16,000 - £40,000
10-25% of property value
Target Value
£242,761
10% above area average per sq ft
Potential ROI
+21.4%
After renovation
Monthly Sales
7
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR35)

Area prices are falling by +4.1% over the last 12 months
3 year growth: -2.1%
5 year growth: 15.8%
Investment Disclaimer: Analysis based on NR35 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

Bath Hills Road, Earsham, Bungay
Map showing location of Bath Hills Road, Earsham, Bungay
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