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Fields Close, Weeley

East of England

£475,000
Listed on 11/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Nestled in a quiet cul-de-sac in the desirable area of Weeley Heath, this spacious three-bedroom detached bungalow offers a rare opportunity for renovation and investment. Set on a generous third of an acre plot, the property features three well-proportioned double bedrooms, making it suitable for families or those seeking extra space. The main living area includes a sizable lounge/diner measuring 23'11 x 18'11, perfect for hosting gatherings or relaxing with family. The kitchen, at 12'6, is equipped with fitted units and presents an ideal canvas for updates tailored to modern tastes. A separate bathroom and W.C add to the functionality of the home. Outdoors, the established gardens boast various fruit trees and mature hedges that enhance privacy while providing potential for landscaping enhancements. The ample side access allows for convenient entry to the rear garden, which may be a valuable asset for future expansion. The property also features a substantial driveway that accommodates multiple vehicles alongside a garage. Given its location and size, this bungalow holds significant potential for development. There is scope to consider substantial extensions or potential subdivision of the plot for new dwelling(s), subject to obtaining necessary planning permissions. Internal viewing is highly recommended to appreciate the property's layout and explore its untapped possibilities.

Investment Analysis

(CO16 area)
Area Average
£318/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
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
6%
Properties sold annually

Local Market Trend (CO16)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -7.9%
5 year growth: 7.0%
Investment Disclaimer: Analysis based on CO16 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

Fields Close, Weeley
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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
£1,740
Based on a loan of £356,250 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