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Mill Lane, Thorpe Abbotts IP21

East of England

£1,000,000
Listed on 16/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
6107 sqft

Description

This exceptional Grade II listed farmhouse, originating from the 17th century, presents a unique opportunity for renovation and investment. Spanning over 6,000 square feet, this spacious residence is set amidst approximately 1.5 acres of beautifully landscaped gardens, characterized by mature trees and distinct garden rooms that enhance the tranquil rural setting. The home retains many original features such as exposed oak beams and inglenook fireplaces, which add to its historic charm while offering a canvas for modernization. As you enter, the expansive reception areas showcase historical craftsmanship alongside contemporary comforts. The main living spaces flow seamlessly together, ideal for both family gatherings and entertaining guests. A dedicated office space supports remote work or creative endeavors, making it adaptable to modern lifestyles. At the heart of the home lies a thoughtfully designed kitchen that marries traditional aesthetics with modern functionality. Featuring durable materials and state-of-the-art appliances, the kitchen is complemented by an adjoining breakfast nook and a conservatory that brings natural light into everyday living. The property boasts five double bedrooms arranged to provide flexibility in usage; whether as guest rooms or potential office spaces. The principal suite stands out with its en-suite bathroom featuring a jacuzzi tub and ample closet space. Notably, the vast attic room offers additional versatility—ideal for conversion into extra bedrooms or recreational areas if desired. Outside, the gardens provide ample scope for gardening enthusiasts with well-kept flower beds, greenhouses, and vegetable patches ready for cultivation. The surrounding grounds also include practical outbuildings such as double and single garages along with a versatile workshop space—perfect for various hobbies or even future development opportunities. Located in Thorpe Abbotts within the serene Waveney Valley, this property offers not only peaceful countryside living but also excellent connectivity to nearby towns and cities. With Diss just 6.5 miles away boasting direct trains to London Liverpool Street in about 90 minutes, access to urban amenities is straightforward without compromising on tranquility. The local community thrives with social events at the village hall while maintaining an inviting atmosphere that encourages involvement yet allows for privacy when desired. This property not only serves as a residence but also represents an opportunity for those looking to invest in a piece of history while shaping its future. Whether you envision cozy family evenings by the fire or leisurely weekends tending to your own gardens, this farmhouse invites you to create your own narrative within its storied walls. With renovation potential aplenty in both interior spaces and outdoor areas, this home is perfectly poised for those looking to breathe new life into a

Investment Analysis

(IP21 area)

Below Market Value

This property is priced -47.3% below area average per sq ft

-47.3%
Potential saving
This Property
£164/sq ft
Area Average
£310/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Target Value
£2,085,510
10% above area average per sq ft
Potential ROI
+73.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (IP21)

Area prices are rising by +4.4% over the last 12 months
3 year growth: 0.4%
5 year growth: 10.0%
Investment Disclaimer: Analysis based on IP21 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

Mill Lane, Thorpe Abbotts IP21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,663
Based on a loan of £750,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE