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Algar Road, Bressingham, Diss

East of England

£230,000
Listed on 27/03/2026

Property Details

Bedrooms
2
Type
Detached
Area
545 sqft

Description

This Grade II listed two-bedroom detached cottage offers a unique opportunity for renovation and transformation in a picturesque rural location. Currently functioning as an annexe to the adjacent main house, it features a cozy sitting room with dual aspects that invite natural light, complemented by a practical kitchen equipped with ample workspace and storage. The first floor houses two spacious double bedrooms, while the ground-floor bathroom is fitted for everyday convenience. Beyond the cottage, an extensive range of outbuildings and barns presents significant potential for conversion into further living or working spaces, subject to obtaining planning permission. This property holds considerable promise for buyers seeking a project that allows for personal touch and expansion possibilities. With additional land available should you wish to extend your investment, this cottage is ideal for those looking to create a tranquil retreat or capitalize on its rental potential. Note that drainage is managed via a septic tank and heating is oil-powered.

Investment Analysis

(IP22 area)

Above Market Value

This property is priced +40.5% above area average per sq ft

+40.5%
This Property
£422/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£256
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£180,090
10% above area average per sq ft
Potential ROI
-40.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (IP22)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -3.8%
5 year growth: +11.6%
Investment Disclaimer: Analysis based on IP22 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

Algar Road, Bressingham, Diss
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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
£830
Based on a loan of £172,500 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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