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The Street, Rickinghall

East of England

£500,000
Listed on 23/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1579 sqft

Description

Forge Cottage is a historically significant Grade II listed thatched residence, dating back to the 16th century. This charming home once served as a forge and village shop, and now presents an intriguing opportunity for renovation while retaining its character. The property features three bedrooms and two bathrooms, with inviting living spaces marked by exposed beams and an inglenook fireplace, perfect for creating a warm ambiance. The kitchen showcases granite worktops and ample space for a range cooker, complemented by a utility room for convenience. A dedicated study area offers potential for remote work or could be repurposed with minor adjustments. The landscaped south-facing garden enhances the outdoor appeal, complete with mature trees, vibrant planting, and infrastructure such as a pond and summerhouse — all of which could be revitalized to make them even more functional. There are several outbuildings on-site including a detached garage and workshop that provide additional storage options or the possibility for conversion into usable space (subject to planning approval). Located in the desirable village of Rickinghall, this property is not just about living; it represents an investment in both history and potential future enhancements. This setting balances rural charm with connectivity to local amenities and transport links, making it an appealing prospect for those looking to blend period elegance with modern living.

Investment Analysis

(IP22 area)

Above Market Value

This property is priced +6.2% above area average per sq ft

+6.2%
This Property
£317/sq ft
Area Average
£298/sq ft
Avg Rent (weekly)
£240
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£517,944
10% above area average per sq ft
Potential ROI
-12.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
47%
Properties sold annually

Local Market Trend (IP22)

Area prices are stable by -1.0% over the last 12 months
3 year growth: -2.1%
5 year growth: +14.0%
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.

Location

The Street, Rickinghall
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 over 30 years at 4.06% 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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