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The Common, Botesdale, Diss IP22 1LG

East of England

£600,000

Listed on 02/06/2026

Property Details

Bedrooms
3
Type
Cottage
Area
1306 sqft

Description

Nestled along a quaint country lane on the fringes of Botesdale, this charming clay lump cottage presents an excellent opportunity for renovation enthusiasts or investors. The surrounding villages of Rickinghall and Botesdale are esteemed for their historical character and local amenities, which include schools, shops, and convenient transport links to larger towns such as Diss, just seven miles away. With a generous plot of approximately 2 acres, this property offers significant potential for enhancement while being enveloped by scenic countryside ideal for nature lovers. The ground floor features two inviting reception rooms with exposed beams that add to the home's authentic appeal—one serving as a cozy sitting area with an open fireplace and the other functioning as a dining room. A spacious kitchen/diner provides ample workspace for daily activities and gatherings. Additionally, there is a family bathroom with essential fixtures. An attached barn adds versatility; it could easily be transformed into additional living space (subject to planning approval) or utilized as a studio or home gym. Upstairs, three well-sized bedrooms await, including a principal suite bathed in natural light thanks to dual windows. The first floor also houses a centrally located family bathroom making it accessible from all bedrooms. Outside, the expansive gardens boast established trees and flowers perfect for outdoor enjoyment or development possibilities (noting that there is a restriction on building new structures in the meadow). This property not only provides peaceful rural living but represents an excellent refurbishment project with considerable investment potential.

Investment Analysis

(IP22 area)

Above Market Value

This property is priced +54.4% above area average per sq ft

+54.4%
This Property
£459/sq ft
Area Average
£298/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£427,460
10% above area average per sq ft
Potential ROI
-34.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (IP22)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +0.3%
5 year growth: +9.6%
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

The Common, Botesdale, Diss IP22 1LG
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,267
Based on a loan of £450,000 over 30 years at 4.45% 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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