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15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB - Image 1
15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB - Image 2
15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB - Image 3
15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB - Image 4
15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB - Image 5
15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB - Image 6
15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB - Image 7
15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB - Image 8
15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB - Image 9

15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB

East of England

£100,000
Listed on 19/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
818 sqft

Description

This three-bedroom semi-detached house in the village of Southery presents a significant opportunity for investors or homeowners looking to create their ideal living space. The property is currently in need of complete modernisation, making it a blank canvas for those eager to add value through renovation. The ground floor features an entrance hall, a lounge/dining room, kitchen, utility room, and cloakroom; while the first floor comprises three bedrooms and a bathroom. Outside, there are front and rear gardens that offer potential for landscaping or outdoor living enhancements. The location is advantageous, with local amenities including shops, supermarkets, restaurants, and schools within easy reach. Furthermore, convenient access to the A10 and mainline railway stations at Downham Market and Littleport opens up excellent transport options. Notably, this property currently lacks a fitted kitchen and connected WC, underscoring the extensive refurbishment needed.

Investment Analysis

(PE38 area)

Below Market Value

This property is priced -54.6% below area average per sq ft

-54.6%
Potential saving
This Property
£122/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £65,000
Target Value
£242,226
10% above area average per sq ft
Potential ROI
+46.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (PE38)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +4.2%
5 year growth: +19.7%
Investment Disclaimer: Analysis based on PE38 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

15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB
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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
£361
Based on a loan of £75,000 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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