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Crossing Road, Palgrave, Diss

East of England

£350,000
Listed on 01/01/2026

Property Details

Bedrooms
5
Type
Detached house
Area
1685 sqft

Description

This property presents a unique opportunity for a comprehensive renovation and redevelopment project, being offered for the first time in over 70 years. Originally two cottages, it has been converted into a spacious dwelling that now requires significant refurbishment. The house retains many original features, including multiple reception rooms with fireplaces and a former kitchen setup, while also showcasing its potential to be returned to its original layout as two separate units with the second staircase still intact. Set back from the road in an elevated position, this period property boasts front and rear gardens, including an overgrown area that could be revitalized into a beautiful outdoor space. The interior layout includes five bedrooms, various reception spaces, and essential utilities that need updating or replacement. Located in the desirable village of Palgrave, residents will benefit from local amenities such as schools ranked highly by Ofsted and good transport links to larger towns and cities. This property is perfect for investors looking for a substantial project with considerable scope for transformation, subject to necessary planning permissions. The last decade's neglect has left the house in need of substantial work but opens up endless possibilities for customization to suit modern living needs.

Investment Analysis

(IP22 area)

Below Market Value

This property is priced -30.8% below area average per sq ft

-30.8%
Potential saving
This Property
£208/sq ft
Area Average
£300/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£70,000 - £100,000
Target Value
£556,143
10% above area average per sq ft
Potential ROI
+23.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Crossing Road, Palgrave, Diss
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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
£1,282
Based on a loan of £262,500 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