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Mill Road, Ellingham

East of England

£325,000
Listed on 31/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1980 sqft

Description

This detached bungalow in the scenic village of Ellingham presents a unique chance for those looking to invest in a property with significant renovation potential. Nestled on a spacious plot, the home includes private wrap-around gardens and a bright conservatory that could serve as an inviting space for relaxation or dining. The expansive living area features a wood burner and French doors leading directly to the garden, creating an appealing flow for both daily living and entertaining guests. The layout boasts three well-proportioned bedrooms—each offering ample scope for personalization and updates—alongside modern wet room facilities and a convenient separate WC. The outdoor space is particularly noteworthy, with established landscaping, multiple outbuildings that hold conversion potential (subject to planning permission), and two garages providing plentiful storage or workshop possibilities. Given its location in Norfolk in proximity to Beccles and Bungay, this property provides easy access to essential services while maintaining the charm of rural life. With its extensive grounds, versatile living areas, and possible enhancement opportunities, this bungalow could be transformed into a tailored haven suited to various lifestyles. Potential investors will find this property a blank canvas ready for creative renovations.

Investment Analysis

(NR35 area)

Below Market Value

This property is priced -43.2% below area average per sq ft

-43.2%
Potential saving
This Property
£164/sq ft
Area Average
£289/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£629,660
10% above area average per sq ft
Potential ROI
+67.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
57%
Properties sold annually

Local Market Trend (NR35)

Area prices are rising by +6.8% over the last 12 months
3 year growth: -1.1%
5 year growth: +15.5%
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

Mill Road, Ellingham
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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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