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Lion Road, Palgrave

East of England

£230,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
852 sqft

Description

This characterful thatched cottage, nestled in the picturesque Suffolk village of Palgrave, presents a unique opportunity for those looking to invest in a property rich with historical charm and modern potential. Retaining many original features such as exposed beams and brick fireplaces, this residence offers a cozy atmosphere alongside essential modern conveniences. The layout comprises two inviting reception rooms, a spacious Farmhouse-style kitchen/dining area, utility room, bathroom suite, WC/landing, and two comfortable bedrooms—ideal for families or couples alike. The exterior is complemented by substantial front and rear gardens, flanked by well-maintained lawns and vibrant flower beds—a perfect canvas for green-fingered enthusiasts looking to cultivate their outdoor space. Additionally, practical outbuildings provide extra storage solutions. With two staircases lending an unusual yet charming aspect to the floor plan and the roof recently replaced in 2019, this property has undergone essential maintenance while still requiring updates to fully realize its investment potential. Located within a designated conservation area and just a short distance from local amenities and transport links in Diss, this cottage represents an enticing renovation project set against the backdrop of beautiful countryside living.

Investment Analysis

(IP22 area)

Below Market Value

This property is priced -10.0% below area average per sq ft

-10.0%
Potential saving
This Property
£270/sq ft
Area Average
£300/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£281,207
10% above area average per sq ft
Potential ROI
+4.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (IP22)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -4.2%
5 year growth: 17.2%
Investment Disclaimer: Analysis based on IP22 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

Lion Road, Palgrave
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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
£843
Based on a loan of £172,500 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