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Park Road, Manea

East of England

£120,000
Listed on 22/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
678 sqft

Description

This quaint two-bedroom semi-detached cottage, nestled in the desirable village of Manea, presents an exciting opportunity for renovation and investment. The home features a cozy sitting room and a separate dining area, both of which retain charming period details such as picture rails and original fireplaces. The kitchen, while functional, offers ample potential for a modern reconfiguration to enhance usability. A convenient ground-floor bathroom adds to the practicality of the layout, with two spacious bedrooms on the upper floor providing versatile options for personalisation. Outside, a generously sized garden awaits attention; currently overgrown but full of potential for landscaping or outdoor leisure spaces. There is also scope for future extensions (subject to planning permissions), allowing for even greater versatility. With good local amenities and transport links nearby, this property is ideal for those looking to invest in a project that can be tailored to their vision.

Investment Analysis

(PE15 area)

Below Market Value

This property is priced -29.7% below area average per sq ft

-29.7%
Potential saving
This Property
£177/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£201
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£187,718
10% above area average per sq ft
Potential ROI
+13.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE15)

Area prices are falling by +2.7% over the last 12 months
3 year growth: -2.9%
5 year growth: 9.2%
Investment Disclaimer: Analysis based on PE15 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

Park Road, Manea
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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
£440
Based on a loan of £90,000 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