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Short Green, Winfarthing, Diss IP22 2EE

East of England

£150,000
Listed on 15/05/2026

Property Details

Bedrooms
3
Type
Plot
Area
1388 sqft

Description

This proposed site presents a unique opportunity for development, nestled in a picturesque setting that overlooks tranquil rural fields. Located on the outskirts of Winfarthing, about 6 miles northwest of Diss, this area is known for its vibrant community and local amenities such as schools, a pub, and a beautiful church. The historic market town of Diss is nearby, offering more extensive services and a mainline train station with direct connections to London Liverpool Street and Norwich. The site spans approximately 0.38 acres and has been granted full planning permission (June 2024) for conversion into a residential property (planning reference 2024/0476), allowing for the construction of a dwelling with 1,388 square feet of living space. Currently, utilities are limited to the farmhouse; therefore, new owners will need to coordinate with utility providers for connections related to the barn conversions. It's worth noting that any development will incur Community Infrastructure Levy (CIL) fees as outlined by South Norfolk Council. Overall, this property represents significant renovation potential in a sought-after area, perfect for those looking to invest in residential development or self-build projects.

Investment Analysis

(IP22 area)

Below Market Value

This property is priced -63.8% below area average per sq ft

-63.8%
Potential saving
This Property
£108/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£258
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£456,132
10% above area average per sq ft
Potential ROI
+68.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (IP22)

Area prices are stable by -0.9% over the last 12 months
3 year growth: -1.3%
5 year growth: +6.9%
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

Short Green, Winfarthing, Diss IP22 2EE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£535
Based on a loan of £112,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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