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Crossing Road, Palgrave, Diss

East of England

£375,000
Listed on 19/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1685 sqft

Description

This property presents a unique opportunity for those looking to undertake a significant renovation or redevelopment project. For the first time in over seven decades, this substantial period house—originally two cottages—has become available for sale. It requires extensive refurbishment and offers considerable potential for reconfiguration or expansion, contingent upon obtaining the necessary planning permissions. Nestled back from the road in an elevated spot, this home has not been occupied in over ten years, allowing for ample scope to restore it to its former glory. While currently operated as a single dwelling, there are clear indications of its dual origins, including the vestiges of a second staircase that remains intact. The layout includes an entrance porch leading into a hallway, along with a single-storey extension comprising a bathroom and kitchen. The interior features three principal reception rooms, each with fireplaces, as well as a former kitchen area that could be reimagined. A scullery and pantry provide additional space, while five bedrooms (two of which interconnect) offer flexibility for family living or rental possibilities. The first-floor landing is accessed via one of the reception rooms. On the exterior, the property is accessed through metal gates and boasts a front lawn area, with additional garden space behind that has become overgrown. An orchard contributes to the rural charm of the surrounding landscape, which backs onto open fields. Located in Palgrave, this village benefits from local amenities such as a Day Nursery, Community Centre, Playing Field, and Parish Church. It is also home to a highly regarded Primary School rated Good by Ofsted and falls within the catchment area for Hartismere High School, noted for its Outstanding rating. Commuters will appreciate the excellent transport links offered by nearby roadways (A140 and A143) and the mainline rail services available from Diss station to Norwich and London’s Liverpool Street Station. The property is connected to mains electricity and water supply; drainage is managed via a septic tank. Please note that no testing of utilities has been conducted. This offering is ideal for investors or homeowners keen on taking on an ambitious project in a desirable location where future growth potential is evident. Viewing arrangements can be made by contacting the vendor’s agent directly. For those interested in exploring renovations further, our Building Consultancy Team is available to provide guidance on planning applications and project management strategies tailored to potential buyers' needs.

Investment Analysis

(IP22 area)

Below Market Value

This property is priced -25.7% below area average per sq ft

-25.7%
Potential saving
This Property
£223/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£247
Avg Yield
3.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£554,938
10% above area average per sq ft
Potential ROI
-11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (IP22)

Area prices are falling by +2.3% over the last 12 months
3 year growth: -4.0%
5 year growth: 16.0%
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.

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Location

Crossing Road, Palgrave, Diss
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