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High Street, Lakenheath

East of England

£495,000
Listed on 08/05/2026

Property Details

Bedrooms
4
Type
Semi Detached

Description

This semi-detached property, encompassing a generous 198 sqm, is situated in the desirable village of Lakenheath. It presents a unique opportunity for renovation enthusiasts or investors looking to capitalize on its substantial living space and rental potential. The main residence includes a vast living room that flows into a large dining area, perfect for family or entertainment use. The kitchen is also spacious and can accommodate significant updates, particularly with the addition of a utility room that helps maintain an uncluttered environment. The ground floor has been thoughtfully designed with practicality in mind, featuring a full shower room and a dry cellar that offers versatility as additional storage or a potential home office. Upstairs, three sizable bedrooms provide ample space for families to grow, while the family bathroom boasts four pieces for comfort and convenience. A notable aspect of this property is the self-contained one-bedroom annexe, which holds immense potential for generating rental income right away or welcoming multi-generational living. This annexe includes its own living area, functional kitchen, bedroom, and bathroom. Externally, the property stands out with an expansive private driveway capable of accommodating more than four vehicles, with scope for security enhancements such as gates to ensure privacy. Overall, while some cosmetic work is required throughout the house to bring it up to contemporary standards, its solid structure offers an excellent foundation for creating a highly sought-after home or rental investment in this vibrant community.

Investment Analysis

(IP27 area)
Area Average
£264/sq ft
Avg Rent (weekly)
£295
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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
19%
Properties sold annually

Local Market Trend (IP27)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -2.8%
5 year growth: +16.0%
Investment Disclaimer: Analysis based on IP27 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

High Street, Lakenheath
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,766
Based on a loan of £371,250 over 30 years at 3.97% 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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