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Chapel Street, Diss IP22 4AN

East of England

£425,000

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Cottage
Area
879 sqft

Description

This historic property, cherished by the same family for over 170 years, offers a rare opportunity for those looking to invest in a home with significant potential. Nestled in the heart of Diss, a charming market town known for its scenic Mere and lush parklands, this detached residence features a functional ground floor layout with a utility room, spacious kitchen, and an open-plan living/dining area that is ideal for gatherings. The first floor hosts two sizable double bedrooms, both served by a family wet room that includes modern amenities. One of the standout features of this property is its expansive loft space, which can be leveraged for further development subject to planning permission. The exterior boasts over 0.2 acres of land, providing ample outdoor space complete with established fruit trees and plenty of parking options. A cart lodge adds to the practical conveniences available. Additionally, the nearly 500 square foot barn/workshop on-site retains original features from its past as a cabinet maker's workshop, including an authentic pulley system. This versatile structure could easily be transformed into additional living space, a home office, or even a holiday rental with appropriate approvals. Given its location within a conservation area and the considerable plot size, this property holds immense renovation potential.

Investment analysis

(IP22 area)

Above Market Value

This property is priced +63.7% above area average per sq ft

+63.7%
This Property
£484/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£240
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£285,671
10% above area average per sq ft
Potential ROI
-41.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (IP22)

Area prices are falling by -2.8% over the last 12 months
3 year growth: -3.5%
5 year growth: +4.5%
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

Chapel Street, Diss IP22 4AN
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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
£1,606
Based on a loan of £318,750 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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