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Rookery Way, Old Newton

East of England

£325,000
Listed on 17/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1023 sqft

Description

This three-bedroom detached bungalow, positioned on a desirable corner plot in the village of Old Newton, presents an excellent opportunity for renovation and investment. While the property requires updating, it already features essential amenities such as oil-fired central heating and off-road parking accommodating multiple vehicles, alongside a garage for additional storage. The layout includes a welcoming entrance hall leading to a spacious sitting room with dual aspect windows, which could be enhanced further with modern decor and design choices. The kitchen, albeit functional, could benefit from contemporary upgrades to maximize its potential for cooking and entertaining. Each bedroom is equipped with fitted wardrobes, ensuring ample storage but may require reimagining to elevate their appeal. The bathroom includes both a corner bath and shower facilities, which are ripe for modernization to improve comfort and aesthetics. Outside, the front garden is generously sized and well-maintained, providing plenty of scope for landscaping or outdoor living enhancements. The rear garden features a paved patio area along with an outside workshop that offers potential as a home office or creative space. Given the need for updates throughout the property, this bungalow is ideal for those looking to invest in a home that can be transformed into a modern haven while being located in a sought-after area.

Investment Analysis

(IP14 area)

Above Market Value

This property is priced +4.0% above area average per sq ft

+4.0%
This Property
£318/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£256
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£343,610
10% above area average per sq ft
Potential ROI
-5.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (IP14)

Area prices are falling by -2.7% over the last 12 months
3 year growth: -2.7%
5 year growth: +9.4%
Investment Disclaimer: Analysis based on IP14 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

Rookery Way, Old Newton
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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
£1,172
Based on a loan of £243,750 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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