Walsham Road, Wattisfield
East of England
£800,000
Listed on 05/11/2026
Listed on 05/11/2026
The listing
Property details
Bedrooms
4Type
HouseArea
2536 sqftFeatures
- Garage
- Parking
Description
Fayrefield House is a four-bedroom oak-frame home set within 13.5 acres, with equestrian facilities including 12 stables, a flood-lit arena, tack room, stores and a substantial parking area. The house, including its attached garage, extends to approximately 2,536 sq ft. Its accommodation is arranged over two floors, with a reception hall, sitting room, kitchen/breakfast room, dining room, WC, utility and library on the ground floor. Upstairs are three double bedrooms, an en-suite, dressing room and family bathroom.
The property was substantially flooded during Storm Babet in October 2023 and is being offered as a total renovation project. Mains water and electricity are connected, with a sewage treatment plant, ground-source heat pump and 16 solar panels. The agents have not tested the services or equipment, so their operation should be checked.
The sale is subject to an equestrian occupancy tie, restricting occupation to someone employed or last employed in the equestrian industry. An outline application for two additional dwellings was refused in 2018. The sale also includes a 30-year overage provision relating to specified land, triggered by implementation of relevant planning consent or sale. Further details are available from Durrants.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
41out of 100
Grade ELow opportunity
Confidence: MEDIUM
Fayrefield House offers a distinctive equestrian setting: 13.5 acres with paddocks, an arena and multiple stable buildings, alongside a four-bedroom oak-frame home. The house is a genuine heavy project after the substantial 2023 flood damage, with photographed interiors stripped and unfinished; the exterior and tiled roof look broadly intact in the available views, though concealed or flood-related damage cannot be assessed from them. Limited photo coverage makes the renovation assessment further provisional.
The price is a challenge rather than a value advantage: at £800,000, the house is around 6.5% above the local £/sqf average, and the asking price plus a mid-to-substantial works programme leaves the overall cost stretched against local benchmarks for this floor area. That comparison is with current local averages, not a forecast of value after renovation. The equestrian occupancy tie and land overage also need careful review.
Key opportunities
- Rebuild the stripped oak-frame interiors to create a coherent home, with scope to rethink the layout and finishes rather than simply refresh them.
- The 13.5 acres, paddocks, arena and stable buildings offer a substantial equestrian setting alongside the house.
Key risks
- Stripped interiors, loose materials and unfinished surfaces point to a full interior rebuild; allow for a substantial programme rather than a cosmetic refresh.
- At the asking price, the purchase plus a mid-to-substantial works programme looks stretched against local benchmarks for a home of this floor area.
- The stated substantial flood damage in 2023 means flood-related and concealed damage should be investigated; the available photographs cannot establish its extent.
- The equestrian occupancy tie and 30% land overage provision may constrain occupation and future land value uplift.
- All-in costs look stretched with the asking price plus a meaningful modernisation spend, about 20% ahead of typical local benchmarks for this size; post-works value sits outside our data.
Unlock the full analysis
Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.
Sign up freeAlready have an account? Sign in
Interested in similar properties?
Create an alert and we'll notify you when similar renovation opportunities are listed.
Transport
Nearest stations
Elmswell Rail Station
6.0 miles
Train · Elmswell
Thurston Rail Station
7.8 miles
Train · Thurston
Diss Rail Station
8.2 miles
Train · Diss
Harling Road Rail Station
9.3 miles
Train · Harling Road
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£3,269
Based on a loan of £600,000 over 30 years at 5.13% 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
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Services
Next steps
Explore services to help you with this property purchase.
Get help with this property
Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.
Nearby
Similar properties
Other listings you may want to compare.
