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Peasenhall, Suffolk

East of England

£250,000
Listed on 31/03/2025

Property Details

Bedrooms
N/A
Type
Detached

Description

This Grade II listed cottage presents a significant renovation opportunity, situated in a desirable Suffolk village not far from Framlingham and Saxmundham, which offers direct train access to London. Bridge Cottage is currently in a state of complete disrepair, rendering interior viewings impossible, but it comes with approved planning permissions for modernization and expansion. Additionally, the property includes a separate plot with consent to construct a single-storey bungalow, adding valuable investment potential. The combination of both projects could yield two attractive three-bedroom residences. Given its derelict condition, the buyer should anticipate tackling extensive renovations for the cottage while simultaneously developing the new build. Notably, both properties must be completed in tandem as per the stipulations of a 106 agreement stipulated by the local council. Although there are existing services at the site boundary and shared management company obligations for maintenance, prudent buyers will need to invest considerable effort and resources into restoring this property to its former glory while creating new living space.

Investment Analysis

(IP17 area)
Area Average
£330/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP17)

Area prices are rising by +7.1% over the last 12 months
3 year growth: +0.4%
5 year growth: +19.3%
Investment Disclaimer: Analysis based on IP17 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

Peasenhall, Suffolk
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 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.

Stamp Duty Calculator

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