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Market Place, Bungay

East of England

£230,000

Listed on 27/05/2026

Property Details

Bedrooms
2
Type
Detached

Description

This mixed-use property, formerly known as The White Swan, represents a unique renovation opportunity in the heart of Bungay. Situated with notable views of Bungay Castle and St Mary's Church, this historic building offers substantial potential for transformation. Currently, it features versatile accommodation spread across two floors, encompassing a large open-plan former bar/restaurant area on the ground floor which is well-suited for various commercial ventures pending planning approval. The upper floor contains spacious residential quarters that could be redesigned into multiple units or retained as a generous living space. With a recently installed new roof providing a solid initial investment, the property now awaits extensive internal refurbishment, giving buyers the chance to tailor the interiors to meet their vision. Additionally, the sizeable garden and parking area at the rear not only enhance practicality but also present an exciting potential for further development in this desirable market town known for its vibrant community and rich history.

Investment Analysis

(NR35 area)
Area Average
£293/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR35)

Area prices are falling by -6.7% over the last 12 months
3 year growth: -10.1%
5 year growth: +9.7%
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

Market Place, Bungay
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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
£821
Based on a loan of £172,500 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.

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