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Westgate Street, Southery, Downham Market

East of England

£220,000

Listed on 22/06/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
775 sqft

Description

Nestled within the well-regarded village of Southery, this two-bedroom detached bungalow sits on a spacious plot that presents significant renovation and expansion opportunities (subject to planning permissions). The property features ample parking along with a double garage, complemented by extensive gardens—ideal for those looking to enhance their outdoor space. Excellent transport links are available, including a bus stop right at your doorstep, ensuring easy access to local amenities and nearby Downham Market offering further shopping options. Inside, the layout is bright and comfortable with a generous lounge highlighted by a bay window that floods the room with natural light. The kitchen has potential for modernisation, providing space for essentials alongside an adjoining utility room for added convenience. A spacious conservatory adds versatility as an airy living area. Both bedrooms are good-sized doubles and share a functional shower room. Outside, the large front garden features mature trees and hedging, while the rear garden is predominantly lawned with established planting—a blank canvas for landscaping or potential extensions. This property is being sold with no onward chain, making it an attractive option for buyers looking to create their ideal home in a desirable location.

Investment Analysis

(PE38 area)

Above Market Value

This property is priced +4.1% above area average per sq ft

+4.1%
This Property
£284/sq ft
Area Average
£273/sq ft
Avg Rent (weekly)
£242
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£232,519
10% above area average per sq ft
Potential ROI
-10.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE38)

Area prices are falling by -5.3% over the last 12 months
3 year growth: -5.5%
5 year growth: +7.8%
Investment Disclaimer: Analysis based on PE38 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

Westgate Street, Southery, Downham Market
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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.

Stamp Duty Calculator

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