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Southgate Street, Bury St. Edmunds

East of England

£230,000
Listed on 17/04/2026

Property Details

Bedrooms
2
Type
House
Area
1163 sqft

Description

This Victorian house, built around 1899, is a unique opportunity for those looking to invest in a property steeped in history and character. Having been held by the same family since its construction, this residence retains charming original features such as high ceilings and decorative fireplaces, all of which highlight its period charm. With the potential for sympathetic renovation, savvy buyers can modernize the space while preserving its historical significance. The property is laid out over two floors, beginning with a welcoming entrance hall that sets the tone for the home. The sitting room boasts an inviting fireplace at its center and provides access to an unconverted cellar, presenting possibilities for additional living space or storage. A second reception room serves as a versatile dining space adorned with another period fireplace. The kitchen includes essential storage and workspace but could benefit from updating to meet contemporary standards. A door leads directly from this area to the garden, enhancing the outdoor connection. On the upper level, you will find a generously sized principal bedroom along with a second double bedroom, both featuring original sash windows and fireplaces that contribute to their appeal. The family bathroom is equipped with standard amenities but may require modernization. An unconverted cellar offers significant untapped potential for further development subject to planning permissions. This property presents an exceptional chance for meticulous buyers to infuse modern convenience within its traditional framework while situated in a desirable conservation area. Outside, a sizable southwest-facing garden adds value and enjoyment, surrounded by mature shrubs that create an inviting retreat. This location not only benefits from proximity to Bury St Edmunds’ historic town centre but also ensures easy access to major transport links via the A14.

Investment Analysis

(IP33 area)

Below Market Value

This property is priced -42.1% below area average per sq ft

-42.1%
Potential saving
This Property
£198/sq ft
Area Average
£341/sq ft
Avg Rent (weekly)
£310
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£436,625
10% above area average per sq ft
Potential ROI
+50.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (IP33)

Area prices are falling by -5.2% over the last 12 months
3 year growth: -1.4%
5 year growth: -1.9%
Investment Disclaimer: Analysis based on IP33 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

Southgate Street, Bury St. Edmunds
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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
£815
Based on a loan of £172,500 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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