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Hoxne, Near Eye, Suffolk

East of England

£795,000
Listed on 17/03/2026

Property Details

Bedrooms
6
Type
Detached
Area
3068 sqft

Description

This substantial detached property, recognized for its historical significance as a Grade II listed building, offers a unique opportunity for investment and renovation. Boasting over 2,800 sq. ft., The Red House features a versatile layout that includes multiple reception rooms, a ground floor bedroom with adjacent bathroom, and five first-floor bedrooms connecting to two shower rooms. The period charm is evident through features such as mullion windows, an inglenook fireplace, and exposed timber beams. With potential for modernisation or reconfiguration, particularly in the expansive kitchen-dining area and the versatile barn space which could lend itself to creative uses like an annexe or holiday let (subject to consents), this property presents an exciting prospect for those looking to enhance its character while adding value. The grounds extend to 0.56 acres with well-established gardens, ample off-road parking, and additional outbuildings including a games room/office—perfect for those seeking home-based workspaces or leisure areas. Situated in the desirable village of Hoxne within North Suffolk, you are close to local amenities alongside picturesque market towns and the stunning Suffolk Heritage Coastline. This combination of space, historical character, and investment potential makes this property a compelling choice for renovators or investors alike.

Investment Analysis

(IP21 area)

Below Market Value

This property is priced -15.6% below area average per sq ft

-15.6%
Potential saving
This Property
£259/sq ft
Area Average
£307/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,036,064
10% above area average per sq ft
Potential ROI
+17.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (IP21)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -5.7%
5 year growth: +1.6%
Investment Disclaimer: Analysis based on IP21 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

Hoxne, Near Eye, Suffolk
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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
£2,867
Based on a loan of £596,250 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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