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Lambseth Street, Eye

East of England

£400,000
Listed on 12/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1734 sqft

Description

This charming property is nestled within a semi-rural setting, offering a unique blend of tranquility and proximity to local amenities. Set on a generous 0.53-acre plot (subject to measurement), the residence showcases significant renovation potential, perfect for those looking to customize their living space. Upon entering, you are greeted by an entrance hall leading to various social areas, including a spacious drawing room featuring a striking open red brick fireplace and exposed timber beams that add character and warmth. Double doors connect this room to a conservatory, creating an inviting flow for natural light and outdoor views. The second sitting room also showcases a red brick fireplace and timber details, providing versatile options for relaxation or entertaining. A dining area connects seamlessly to the kitchen/breakfast room, which is equipped with ample cabinetry, space for a range cooker, and plumbing for modern appliances. An adjoining utility room offers additional practicality with access to a boot room and W/C. Ascending to the first floor reveals four bedrooms, including a main suite with an ensuite shower room—ideal for family living or guest accommodations. The property's exterior is equally appealing, set back from the road down a private driveway shared with three neighboring homes. A parking area leads to a timber garage/workshop, while the garden primarily comprises lawn surrounded by established trees and shrubs. The gently sloping grounds culminate in a terrace at the front of the cottage—an ideal spot for outdoor gatherings or simply enjoying the serene surroundings. In terms of location, Eye is rich in history and community spirit, offering an array of shops including cafes, delis, and bakeries alongside essential services like pharmacies and schools. Hartismere High School has garnered an outstanding rating from Ofsted, making it an excellent choice for families. Nearby Diss is just 4 miles away and provides further amenities along with direct train services to London Liverpool Street Station in about 80 minutes. This property not only offers comfortable living but also presents significant opportunities for modernization that can enhance its charm while tailoring it to contemporary preferences. Services include gas-fired central heating and connections for water and electricity; however, prospective buyers should be aware of certain areas with restrictive head height throughout the home. Viewing arrangements can be made through the vendors' agent Durrants, who can also provide insights into potential planning applications or building regulations should you wish to explore renovations or expansions further. This property holds promise as both a family home and an investment opportunity poised for careful enhancement.

Investment Analysis

(IP23 area)

Below Market Value

This property is priced -22.5% below area average per sq ft

-22.5%
Potential saving
This Property
£231/sq ft
Area Average
£298/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£567,452
10% above area average per sq ft
Potential ROI
+13.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (IP23)

Area prices are rising by +13.1% over the last 12 months
3 year growth: -5.9%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on IP23 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

Lambseth Street, Eye
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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
£1,465
Based on a loan of £300,000 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