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School Lane, Fornham St. Martin, Bury St. Edmunds, Suffolk, IP31 - Image 1
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School Lane, Fornham St. Martin, Bury St. Edmunds, Suffolk, IP31

East of England

£795,000

Listed on 07/07/2026

Property details

Bedrooms
7
Type
Detached
Area
5431 sqft

Description

This significant family home, set amidst approximately 1.3 acres of gardens and grounds, offers an enticing opportunity for renovation in a highly desirable village close to Bury St Edmunds. Dating back predominantly to the early 19th century, with some features from the 18th century, this house boasts unique architectural characteristics, including mellow red brick elevations and stone window mouldings. The layout includes an entrance porch leading into a reception hall, a drawing room with period features, a snug/study thought to be a former schoolroom, and multiple dining spaces including a kitchen with original features awaiting modernization. With seven bedrooms spread across the upper floors and two additional loft rooms on the second floor, there is ample space for reconfiguration to suit modern family living. While the property retains much of its original charm through fireplaces and other period details, it is clear that significant updating is required throughout. The outdoor areas feature both front and rear gardens with existing outbuildings that include stables and garages, providing potential for various uses or further development (subject to local planning regulations). Overall, this residence presents a canvas ripe for transformation while being conveniently located near local amenities and transport links. Its unrestricted status regarding historic buildings adds flexibility for prospective buyers who wish to invest in restoring its former glory or adapting its layout to contemporary standards.

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Investment analysis

(IP31 area)

Below Market Value

This property is priced -55.0% below area average per sq ft

-55.0%
Potential saving
This Property
£146/sq ft
Area Average
£325/sq ft
Avg Rent (weekly)
£385
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,941,284
10% above area average per sq ft
Potential ROI
+85.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (IP31)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -4.2%
5 year growth: +9.7%
Investment Disclaimer: Analysis based on IP31 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

School Lane, Fornham St. Martin, Bury St. Edmunds, Suffolk, IP31
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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
£3,003
Based on a loan of £596,250 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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