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Fairways, Back Lane, Monks Eleigh

East of England

£340,000
Listed on 10/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1479 sqft

Description

This three-bedroom detached chalet-style bungalow offers a unique opportunity for renovation and investment. Nestled in a semi-rural environment along a quiet country lane, this property covers nearly 1,500 sq. ft. and sits on approximately 0.34 acres, providing ample space for both expansion and outdoor pursuits. Constructed in the early 1980s, the home requires cosmetic updates throughout, which allows for personal touches and improvements tailored to your vision. The main living area features a lengthy 22-foot sitting room that connects to a rear kitchen/dining space, complete with bifold doors that open onto the south-facing gardens—ideal for potential enhancement or outdoor entertaining. A sizeable utility room also provides convenient access to both the gardens and the detached single garage positioned nearby. The ground floor layout includes a front study and cloakroom, while the upper level boasts a spacious primary bedroom with an ensuite shower room and views overlooking the garden—a perfect retreat after renovations. Two additional double bedrooms at the front share a family bathroom. The property is discreetly set back from Back Lane with a driveway leading to the garage and additional parking space alongside a raised front lawn. The expansive rear garden features various lawn areas interspersed with mature trees that offer privacy and tranquility. Located on the outskirts of Monks Eleigh, this home benefits from being within walking distance of local amenities including the Swan public house and community shop/post office. The nearby Hollow Trees Farm Shop adds to the charm of village life, while the market towns of Hadleigh and Sudbury are easily accessible for further shopping and services. Essential utilities such as mains water, electricity, and drainage are connected, along with oil-fired heating. This property not only presents an ideal canvas for those looking to modernize but also holds significant investment potential in a desirable area of Suffolk.

Investment Analysis

(IP7 area)

Below Market Value

This property is priced -29.4% below area average per sq ft

-29.4%
Potential saving
This Property
£230/sq ft
Area Average
£325/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£529,475
10% above area average per sq ft
Potential ROI
+39.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (IP7)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -5.1%
5 year growth: 8.4%
Investment Disclaimer: Analysis based on IP7 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

Fairways, Back Lane, Monks Eleigh
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