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Lancewood Walk, RAF Lakenheath, Suffolk, IP27 - Image 1
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Lancewood Walk, RAF Lakenheath, Suffolk, IP27 - Image 8
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Lancewood Walk, RAF Lakenheath, Suffolk, IP27

East of England

£215,000
Listed on 23/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1098 sqft

Description

This three-bedroom property, part of the former USAF base housing, offers a promising opportunity for renovation and investment. Featuring a traditional layout, this home invites potential buyers to infuse their own style and updates throughout. The reception hall provides access to storage and stairs leading up, while the lounge/dining area extends to the rear garden. A functional fitted kitchen with utility space offers essential amenities but would benefit from modern enhancements. Upstairs, three bedrooms each feature fitted wardrobes, providing ample storage, alongside a bathroom that is ready for a refresh. Outside, both front and rear gardens are laid to lawn with off-road parking available at the front. Located within Lakenheath, residents enjoy proximity to local amenities including shops and schools, with excellent road links to major towns and cities.

Investment Analysis

(IP27 area)

Below Market Value

This property is priced -28.1% below area average per sq ft

-28.1%
Potential saving
This Property
£196/sq ft
Area Average
£272/sq ft
Avg Rent (weekly)
£297
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£328,763
10% above area average per sq ft
Potential ROI
+37.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (IP27)

Area prices are rising by +2.4% over the last 12 months
3 year growth: -0.4%
5 year growth: +20.0%
Investment Disclaimer: Analysis based on IP27 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

Lancewood Walk, RAF Lakenheath, Suffolk, IP27
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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
£775
Based on a loan of £161,250 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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