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23 Throckmorton Road, Bungay, Suffolk NR35 1JN - Image 1
23 Throckmorton Road, Bungay, Suffolk NR35 1JN - Image 2
23 Throckmorton Road, Bungay, Suffolk NR35 1JN - Image 3
23 Throckmorton Road, Bungay, Suffolk NR35 1JN - Image 4
23 Throckmorton Road, Bungay, Suffolk NR35 1JN - Image 5
23 Throckmorton Road, Bungay, Suffolk NR35 1JN - Image 6
23 Throckmorton Road, Bungay, Suffolk NR35 1JN - Image 7
23 Throckmorton Road, Bungay, Suffolk NR35 1JN - Image 8
23 Throckmorton Road, Bungay, Suffolk NR35 1JN - Image 9

23 Throckmorton Road, Bungay, Suffolk NR35 1JN

East of England

£123,000
Listed on 18/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
793 sqft

Description

This three-bedroom mid-terrace house presents a unique opportunity for renovation and investment in the charming market town of Bungay. Originally built as an ex-local authority home, the property is currently vacant and awaiting modern updates, making it an ideal project for developers or homeowners looking to customize their living space. Upon entering, you are greeted by a practical entrance hall that flows into an open-plan kitchen/dining area featuring a bay window, which allows for ample natural light. The adjoining lounge provides a cozy living space, complete with under-stair storage. Upstairs, the layout includes three well-sized bedrooms accessed from the landing, along with a family bathroom. The exterior offers additional potential; a leveled area at the front has been designed to accommodate parking for two vehicles. A side passageway grants access to a sizable private garden at the rear, perfect for outdoor activities or further landscaping projects. Located in a sought-after residential neighborhood, this property benefits from proximity to local amenities, schools, and transport links. With its current condition requiring a comprehensive update, it serves as an appealing prospect for those aiming to enhance its value through renovation efforts. This property not only offers substantial personal customization but also represents a sound investment opportunity in an attractive area. Overall, this house is poised to become a welcoming family home once brought back to its full potential.

Investment Analysis

(NR35 area)

Below Market Value

This property is priced -46.6% below area average per sq ft

-46.6%
Potential saving
This Property
£155/sq ft
Area Average
£290/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£253,185
10% above area average per sq ft
Potential ROI
+55.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NR35)

Area prices are rising by +5.7% over the last 12 months
3 year growth: 0.7%
5 year growth: 19.7%
Investment Disclaimer: Analysis based on NR35 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

23 Throckmorton Road, Bungay, Suffolk NR35 1JN
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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
£451
Based on a loan of £92,250 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