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A pair of cottages for refurbishment

East of England

£300,000
Listed on 14/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1507 sqft

Description

This pair of semi-detached Grade II listed cottages offers a unique opportunity for renovation and investment, originally constructed as a single dwelling. Their layout presents the possibility of reconfiguring the two into one expansive family home or developing an annex, which could suit multi-generational living or even rental purposes, subject to the necessary planning consents. Nestled in a charming semi-rural area within the desirable village of Wortham, these properties have been successfully rented out by the current owner for several years, indicating their strong appeal and potential as income-generating assets. Each cottage retains its own character while sharing essential services, making them ideal candidates for thoughtful modernization. **1 Willow Corner Cottage** features an entrance porch leading to a cozy kitchen and sitting room, complemented by a ground floor bathroom. The upper level hosts two bedrooms. Outside, you'll find a front garden and an enclosed rear garden space. A shared driveway provides access to a single garage, adding convenience to this property. **2 Willow Corner Cottage** boasts two reception rooms on the ground floor, along with a kitchen and bathroom that includes a separate WC and walk-in pantry. A rear entrance porch enhances practicality. Upstairs are two additional bedrooms. Like its counterpart, this cottage enjoys front garden space and generous rear grounds mostly laid to lawn, complete with a steel garden shed. Both cottages share a private sewerage treatment plant situated in the garden. The investment potential of this dual-property setup is significant, whether you choose to maintain them as separate residences or undertake renovations to unify them into one larger home within this sought-after village setting. Wortham itself offers a well-rounded community atmosphere with amenities including its own primary school, post office, and local tea room. The nearby historic market town of Diss provides further conveniences such as health facilities, sports amenities, and direct train services to London (Liverpool Street). Positioned about 22 miles from Norwich, Ipswich, and Bury St Edmunds, this location blends rural tranquility with accessibility. In terms of services: - **1 Willow Corner Cottage** utilizes electric storage heaters and is connected to mains water and electricity while draining via a private sewerage treatment plant. - **2 Willow Corner Cottage** benefits from oil-fired central heating with similar connections for water and electricity. These cottages stand as versatile options for buyers looking for potential in both lifestyle enhancement and investment opportunities in an appealing village environment. Viewing is available strictly by arrangement through the vendor’s agent.

Investment Analysis

(IP22 area)

Below Market Value

This property is priced -33.7% below area average per sq ft

-33.7%
Potential saving
This Property
£199/sq ft
Area Average
£300/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£497,393
10% above area average per sq ft
Potential ROI
+27.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (IP22)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -4.2%
5 year growth: 17.2%
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

A pair of cottages for refurbishment
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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
£1,099
Based on a loan of £225,000 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