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Lymn Bank East, Thorpe St Peter PE24 - Image 1
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Lymn Bank East, Thorpe St Peter PE24

East of England

£460,000
Listed on 02/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1066 sqft

Description

This spacious and adaptable three-bedroom detached bungalow is nestled in a serene rural village, presenting significant renovation and investment opportunities. The property includes a glamping/camping touring site with necessary amenity structures, a large parking area, a static caravan for additional accommodation, and various outbuildings—most notably a workshop equipped with electricity and another structure for which planning permission has already been granted to convert into a three-bedroom holiday let. Inside, the dwelling features an enclosed porch, hallway, breakfast kitchen, conservatory, lounge, three bedrooms (two of which have en-suites), an office space, and a family shower room. While it has recently undergone some redecoration and updates to the flooring, there remains ample scope for further enhancement. The expansive grounds of approximately 0.65 acres include outdoor areas ideal for development or leisure activities. The property benefits from modern eco-friendly features such as air source heating and 16 solar panels, making it an attractive proposition for investment in both residential living and potential business ventures.

Investment Analysis

(PE24 area)

Above Market Value

This property is priced +89.2% above area average per sq ft

+89.2%
This Property
£432/sq ft
Area Average
£228/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£267,411
10% above area average per sq ft
Potential ROI
-50.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE24)

Area prices are rising by +7.7% over the last 12 months
3 year growth: -1.1%
5 year growth: 35.2%
Investment Disclaimer: Analysis based on PE24 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

Lymn Bank East, Thorpe St Peter PE24
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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
£1,685
Based on a loan of £345,000 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