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The Grove, Annis Hill, Bungay, Suffolk, NR35 - Image 1
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The Grove, Annis Hill, Bungay, Suffolk, NR35 - Image 8
The Grove, Annis Hill, Bungay, Suffolk, NR35 - Image 9
The Grove, Annis Hill, Bungay, Suffolk, NR35 - Image 10

The Grove, Annis Hill, Bungay, Suffolk, NR35

East of England

£180,000

Listed on 21/07/2026

Property details

Bedrooms
2
Type
Bungalow
Area
642 sqft

Description

This detached two-bedroom bungalow is situated in a well-established residential area, conveniently close to the historic centre of Bungay. It offers an exciting opportunity for individuals looking for single-storey living with significant renovation potential. With well-thought-out spaces and mature gardens, the property is ripe for modernization and expansion, pending necessary planning permissions. The welcoming entrance hall leads to a spacious sitting room that is bathed in natural light from large front-facing windows, providing an ideal area for relaxation or entertainment. The kitchen/dining area is fitted with a range of cupboards and surfaces, including an integrated oven and gas hob, and offers ample space for a dining table. A useful rear porch connects to the garden, enhancing the utility of this space. Both bedrooms are comfortably sized doubles; the main bedroom features built-in storage while the second bedroom can serve multiple purposes such as a guest room, home office, or craft space. A large family bathroom completing this level of accommodation includes essential amenities. The exterior features established front and rear gardens—well-maintained with mature shrubs and borders—and offers several seating areas alongside a small lawn. Additionally, there exists potential for further development on this generous plot. The property benefits from gas central heating, double glazing, and convenient nearby parking options. Close to local amenities including independent shops, cafes, schools, and leisure facilities, it provides an excellent base for those who appreciate both community living and access to beautiful countryside walks along the River Waveney and beyond. This bungalow represents a unique chance for buyers aiming to craft their ideal home in one of East Anglia's charming market towns.

Investment analysis

(NR35 area)

Below Market Value

This property is priced -4.3% below area average per sq ft

-4.3%
Potential saving
This Property
£280/sq ft
Area Average
£293/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£206,881
10% above area average per sq ft
Potential ROI
-6.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NR35)

Area prices are falling by -7.1% over the last 12 months
3 year growth: -13.4%
5 year growth: +6.8%
Investment Disclaimer: Analysis based on NR35 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 Grove, Annis Hill, Bungay, Suffolk, NR35
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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
£680
Based on a loan of £135,000 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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