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Cross Street, Eye

East of England

£75,000

Listed on 09/09/2026

The listing

Property details

Bedrooms
N/A
Type
Barn
Area
263 sqft

Description

Nestled on Cross Street in the charming market town of Eye, this detached barn presents a unique opportunity for renovation and conversion. With planning permission granted for transformation into a one-bedroom apartment, this characterful building offers the potential for a distinctive home, while also being suitable for alternative uses such as a workshop or garage, pending necessary consents. The property retains many traditional features, making it an exciting project for buyers looking to create a personalized space in a central location. Eye boasts a variety of local amenities, including independent shops, cafés, and well-regarded schools, all within easy reach. The town's rich historical character adds to its appeal, with picturesque streets and a vibrant community atmosphere. Transport links are excellent, with nearby Diss railway station providing direct services to London Liverpool Street and Norwich, enhancing the property's attractiveness for commuters. This is a rare chance to acquire a property with significant potential in one of Suffolk's most desirable towns.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

42out of 100
Grade ELow opportunity

Confidence: MEDIUM

This detached barn on Cross Street offers a unique opportunity for buyers looking to undertake a significant renovation project in the heart of Eye. With planning permission already in place for conversion into a one-bedroom apartment, this characterful building retains many original features that can be incorporated into the design, allowing for a distinctive home or alternative uses such as a workshop or garage.

However, the economics of this project are concerning. The asking price of £75,000 is below the local average of £305/sqf, making it a reasonable entry point, but the projected all-in costs of £225,000, including renovation expenses, stretch the budget significantly compared to the implied local average value of £80,189 for the area. This means that while the property holds potential, the financial viability of the project must be carefully considered before proceeding.

Key opportunities

  • The barn's characterful features provide a canvas for a unique one-bedroom apartment.
  • Planning permission allows for creative conversion into not just a home, but potentially a workshop or garage.
  • The central location in Eye offers convenience to local amenities and a vibrant community.

Key risks

  • Stripped interiors and a £100,000–£200,000 works budget make this a full-gut programme, not a refresh.
  • Purchase plus works may take you to around £225,000 all-in — £150,000 of works on top of the asking price, leaving a gap of around 64% versus area norms for this sqft — current-condition benchmarks only, not after-works GDV.

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Map

Location

Cross Street, Eye
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£283
Based on a loan of £56,250 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.

Tax

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Indicative tax based on the asking price and the options you select.

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