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Market Lane, Terrington St. Clement

East of England

£300,000
Listed on 10/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1970 sqft

Description

This detached bungalow, situated on an expansive one-acre plot, presents a compelling opportunity for renovation and investment. The property is currently in need of updating, allowing new owners to tailor it to their preferences and vision. Encircled by mature trees, the grounds offer a sense of seclusion while providing ample space for outdoor activities and potential landscaping projects. Inside, the bungalow features a spacious 20-foot lounge that serves as a welcoming focal point. The kitchen and dining area are connected, promoting an open flow that can be enhanced with modern upgrades. Each of the three bedrooms is generously sized, ensuring comfort and flexibility in use. The four-piece bathroom is equipped with a convenient Jack & Jill entrance, which could be reimagined during renovations for improved functionality. Additional advantages include oil-fired central heating and double glazing throughout the home, which provide a solid foundation for energy efficiency as updates are made. A substantial 20ft x 16ft garage offers versatile possibilities for storage or could be considered for conversion into additional living space or a workshop, subject to necessary permissions. The property’s location provides excellent connectivity via the nearby A17, making it ideal for commuters or anyone needing quick access to larger cities or regions. Moreover, given its size and layout, it holds great potential for those interested in establishing a business from home once proper agreements are secured. Offered without chain complications, this bungalow invites prospective buyers to embark on an exciting refurbishment journey in a well-connected area rich with potential. Whether seeking a family residence or an investment opportunity, this property has the groundwork laid for creative visionaries ready to make their mark.

Investment Analysis

(PE34 area)

Below Market Value

This property is priced -39.5% below area average per sq ft

-39.5%
Potential saving
This Property
£152/sq ft
Area Average
£252/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£545,434
10% above area average per sq ft
Potential ROI
+51.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PE34)

Area prices are rising by +6.5% over the last 12 months
3 year growth: -7.3%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on PE34 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

Market Lane, Terrington St. Clement
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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