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Ballygate, Beccles, NR34 9NA

East of England

£700,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
2777 sqft

Description

Nestled in one of the most sought-after areas of Beccles, this Grade II Listed property offers a rare opportunity for renovation and investment. With origins dating back to around 1580, this historic home was once part of the town’s Crown and Anchor coaching inn, making it not only a residence but a piece of local heritage. The interior boasts numerous original features, including intricate 16th-century timber framing and spacious rooms that exude character. The drawing room stands out as a generous, naturally lit area that seamlessly connects to a formal dining space and a conservatory with southern exposure, providing views over the private courtyard garden. The ground floor also comprises an inviting entrance hall, an equipped kitchen, utility room, and cloakroom. On the upper level, three sizable bedrooms are complemented by two bathrooms and a large landing area. A notable feature is the drop-down staircase leading to an expansive attic room measuring approximately 39' x 13', presenting significant potential for additional accommodation or creative use subject to necessary approvals. Outside, electric gates lead you into a tranquil courtyard garden that includes ample parking options, a garage, and versatile outbuildings. A covered outdoor dining area enhances the entertaining possibilities of this space. An enclosed rear courtyard provides pedestrian access to Hungate, further adding to the practical layout. The property is situated within Beccles’ Conservation Area, recognized for its rich architectural history and serene ambiance while being just a short distance from the bustling town center. This vibrant market town boasts diverse shops, cafes, restaurants, and reputable local schools. Transport links are convenient with nearby train services connecting to London via Ipswich. Beccles is surrounded by natural beauty along the River Waveney and offers scenic walking routes through areas like Beccles Marsh. The Norfolk coast lies only nine miles away, and Norwich city center is approximately 18 miles distant. Additionally, annual events such as the Autumn Beer Festival and Beccles Carnival contribute to this thriving community's charm. With an overall floor area of approximately 2,777 sq ft, this property represents not just an opportunity to own a slice of local history but also the potential for value enhancement through thoughtful renovations in an enviable location.

Investment Analysis

(NR34 area)

Below Market Value

This property is priced -13.5% below area average per sq ft

-13.5%
Potential saving
This Property
£252/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£213
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£889,834
10% above area average per sq ft
Potential ROI
+14.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR34)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -8.0%
5 year growth: 4.7%
Investment Disclaimer: Analysis based on NR34 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

Ballygate, Beccles, NR34 9NA
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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
£2,564
Based on a loan of £525,000 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