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Cemetery Road, Lakenheath

East of England

£220,000

Listed on 18/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1546 sqft

Description

This three-bedroom detached chalet bungalow presents a versatile opportunity for renovation enthusiasts and investors alike. Located in the desirable village of Lakenheath, the property is available without any chain, simplifying the purchase process for prospective buyers. The layout includes a spacious lounge, a separate dining room, and an additional sitting room that can be adapted according to your needs—whether for entertaining guests or creating a functional home office. The kitchen, alongside a practical laundry room, offers essential utility but could benefit from modernisation to enhance its appeal. Two bathrooms serve the household efficiently while three spacious bedrooms accommodate family living with ease. The potential for improvement is significant here, making it ideal for those looking to invest time and resources into creating their dream home or increasing rental value. Outdoor space consists of front and rear gardens suitable for various uses—from landscaping and gardening to providing safe play areas for children. Off-road parking adds convenience in this popular community-oriented area that boasts local amenities and good transport links. This property stands as an excellent canvas for both families seeking a new residence and investors aiming for a promising project in an attractive location.

Investment Analysis

(IP27 area)

Below Market Value

This property is priced -45.4% below area average per sq ft

-45.4%
Potential saving
This Property
£142/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£307
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£443,516
10% above area average per sq ft
Potential ROI
+70.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (IP27)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -2.2%
5 year growth: +15.3%
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

Cemetery Road, Lakenheath
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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
£831
Based on a loan of £165,000 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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