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Broad Street, Bungay

East of England

£120,000
Listed on 16/04/2026

Property Details

Bedrooms
1
Type
Cottage
Area
478 sqft

Description

This endearing cottage presents a unique chance to personalize a character-filled residence in the centre of Bungay. Free from any chain, this property is already stripped down and features updated gas central heating and electrical systems, laying the groundwork for further enhancements. While functional kitchen and bathroom areas remain, they are primed for modern upgrades to suit contemporary tastes. The first-floor bedroom is generously sized, accommodating a double bed alongside additional furnishings. The rear garden offers exciting opportunities for development, including potential off-road parking accessible via a side track, as well as space for private outdoor enjoyment during warmer months. With its dual-aspect sitting room featuring traditional pamment tiling and an inviting red brick inglenook fireplace, the home boasts attractive original features waiting to be restored and highlighted. A quaint storage cupboard and a separate bathroom also require modernization but have notable elements like a heated towel rail already in place. Overall, this property holds considerable investment potential whether you're aiming for a personal haven or considering it as a long-term or holiday rental.

Investment Analysis

(NR35 area)

Below Market Value

This property is priced -14.0% below area average per sq ft

-14.0%
Potential saving
This Property
£251/sq ft
Area Average
£292/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£153,455
10% above area average per sq ft
Potential ROI
+5.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NR35)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -3.2%
5 year growth: +14.8%
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

Broad Street, Bungay
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£425
Based on a loan of £90,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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