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Church Lane, Homersfield

East of England

£280,000
Listed on 14/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
865 sqft

Description

This semi-detached Victorian cottage presents a unique renovation opportunity in the idyllic village of Homersfield, located on the border of Norfolk and Suffolk. The property is being sold with no onward chain, making it an appealing prospect for investors or those looking to create their dream home. Inside, the cottage features a sitting/dining room with a double aspect that allows natural light to fill the space, accented by wooden flooring and a charming brick fireplace. The kitchen overlooks the private rear garden and is equipped with a range of cream wall and base units, complemented by ample worktop space. A notable addition is the spacious basement room, which offers flexibility for various uses, from additional living space to a creative studio. Upstairs, you will find two well-proportioned bedrooms along with a bathroom that includes essential amenities. Outside, the property boasts off-road parking along with a detached timber garage. The front garden is modestly landscaped with shrubs and enclosed by a low brick wall. The generous rear garden features established plants and trees, providing potential for landscaping or outdoor entertaining areas. A detached outbuilding equipped with a WC and wash basin adds further value; this could be transformed into a home office or studio space. Additional storage is available in another outbuilding as well as in the greenhouse. The location enhances this property’s appeal; set in the heart of Homersfield, residents benefit from nearby amenities including 'The Black Swan' pub and lovely green spaces. Just minutes away are the vibrant market towns of Bungay and Harleston, which provide schools, shops, healthcare services, and leisure facilities such as golf courses and swimming pools. For those commuting or seeking cultural experiences, Norwich's mainline train service to London Liverpool Street is accessible within about 40 minutes. With its renovation potential and attractive location near scenic coastlines—such as Southwold's beaches—this cottage invites both personal touch and investment possibilities. It offers not just accommodation but also an opportunity for future growth in value through thoughtful enhancements.

Investment Analysis

(IP20 area)

Above Market Value

This property is priced +8.2% above area average per sq ft

+8.2%
This Property
£324/sq ft
Area Average
£299/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£284,594
10% above area average per sq ft
Potential ROI
-8.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (IP20)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -2.9%
5 year growth: 17.0%
Investment Disclaimer: Analysis based on IP20 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

Church Lane, Homersfield
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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
£1,026
Based on a loan of £210,000 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