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The Terrace, Scole

East of England

£160,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced house, dating back to around 1900, is situated in the heart of Scole, a quaint village known for its vibrant community and essential amenities. With local features including a convenience store, public house, and schooling options, this property offers both charm and the potential for renovation. While it retains traditional brick and timber frame construction alongside characteristic high Victorian ceilings, there are notable opportunities for modernization and improvement throughout. Upon entering, you're welcomed by an elongated hallway that leads to a cozy sitting room, a practical downstairs shower room, and a kitchen/diner with French doors opening into the rear courtyard garden. The first floor hosts two bedrooms; one substantial double with built-in storage and a generous single also providing storage space. The existing bathroom includes essential fittings yet could benefit from updating. The property boasts two garden areas: a low-maintenance courtyard garden at the rear with access to a garage and outbuilding, as well as an additional woodland-like space that presents an excellent opportunity for expansion or landscaping. It's important to note that there has been some water damage in the kitchen/diner due to past surface flooding incidents, emphasizing the need for repairs but also highlighting significant investment potential.

Investment Analysis

(IP21 area)
Area Average
£310/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (IP21)

Area prices are rising by +4.4% over the last 12 months
3 year growth: 0.4%
5 year growth: 10.0%
Investment Disclaimer: Analysis based on IP21 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

The Terrace, Scole
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 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