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Kingsway, Earsham, Bungay

East of England

£250,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
923 sqft

Description

Nestled in the heart of Earsham, this three-bedroom semi-detached home presents a compelling opportunity for renovation and potential investment. With its prime location just a short distance from Bungay and convenient road access to Norwich, Southwold, and other nearby attractions, the property is set on a generous plot that allows for future expansion (subject to planning permission) without compromising the established garden and outdoor amenities. The home has been cherished by the same family for over five decades, reflecting careful maintenance over the years. While it has retained much of its charm, it now invites a new owner to bring their vision and style to modernize its interiors. The layout includes an entrance porch leading into a hallway that connects to a spacious sitting room. This area boasts ample natural light through large windows and features an inviting open fireplace. Adjacent to this space is an open-plan kitchen and dining area that fosters family interaction and entertaining. Although basic in its current setup, the kitchen offers potential for redesign to create a more functional culinary space. A notable feature of this property is the garden room that provides year-round views of the garden, enhancing the indoor-outdoor connection. The practical lobby area leads to both a separate bathroom and WC, while upstairs are three well-proportioned bedrooms. The master bedroom features built-in wardrobes and an en-suite WC, ensuring comfort for family living. Outside, accessibility and functionality are key attributes. The front garden is neatly landscaped with established hedges framing a spacious off-road parking area alongside a carport. The rear garden is particularly appealing; it’s private and includes various features such as extensive lawns, patio areas ideal for entertaining, a summer house, an aviary, and timber-framed workshops or garages with separate vehicular access from the rear lane. Positioned near local amenities like schools, shops, restaurants, and recreational facilities in Bungay, along with close proximity to the beautiful Suffolk coastline, this property stands out not only for its living space but also for its investment appeal. It offers significant potential for growth in value as well as lifestyle enhancements through thoughtful renovations. Viewing is essential to fully appreciate what this property has to offer both as a family home or as an investment opportunity on the Norfolk/Suffolk border.

Investment Analysis

(NR35 area)

Below Market Value

This property is priced -6.7% below area average per sq ft

-6.7%
Potential saving
This Property
£271/sq ft
Area Average
£290/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£294,691
10% above area average per sq ft
Potential ROI
+1.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NR35)

Area prices are rising by +5.7% over the last 12 months
3 year growth: 0.7%
5 year growth: 19.7%
Investment Disclaimer: Analysis based on NR35 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

Kingsway, Earsham, Bungay
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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
£916
Based on a loan of £187,500 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