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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 -27.3% below area average per sq ft

-27.3%
Potential saving
This Property
£211/sq ft
Area Average
£290/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£242,010
10% above area average per sq ft
Potential ROI
+21.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NR35)

Area prices are rising by +5.7% over the last 12 months
3 year growth: 0.7%
5 year growth: 19.7%
Investment Disclaimer: Analysis based on NR35 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

Bath Hills Road, Earsham, Bungay
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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
£586
Based on a loan of £120,000 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