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See how verdicts work2-bedroom house · IP23 7PS
For saleListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In summary No chain!
****** building plot with planning permission ****** This is a unique listing offering the potential for a new purchaser to either build A separate dwelling attached to the existing cottage or a double storey extension to the cottage if purchased in conjunction with the cottage which is also currently on the market for sale.
Depending on preference - both options have full planning permission granted with reference numbers DC/24/03139 or DC/25/03709.
With planning having already been obtained this would be a straightforward project for a new owner to create a small yet bespoke newly build attached cottage whether that be for full time habitation or as a rental investment.
The cottage allows for private gardens to the rear as well as off road parking to the front.
The option exists to purchase both the plot and adjacent cottage together and then extend the house which would offer bags of potential for a spacious family home with private gardens and plenty of parking if that option is preferred.
Various imagery for the proposed development can be found within the listing.
Setting the scene Approached via the frontage you will find a cleared driveway with potential parking for two vehicles in front of the cottage to be built.
The grand tour See plans included for the proposed layouts of the cottage to be built. Planning is in place for the erection of a two bedroom cottage.
Find us Postcode : IP23 7PS What3Words : ///inflating.slip.page Virtual tour View our virtual tour for a full 360 degree of the interior of the property.
Agents notes Buyers are advised planning permission has been approved for a double storey side extension with single storey rear extension (DC/24/03139) as well as separate planning for new adjoining cottage (DC/25/03709).
Buyers would therefore have the choice of which option they pursue if any. Location The popular village of Occold has a primary school, public house, village hall and church.
Eye is just 3 miles away and offers a range of day to day amenities.
The historic market town of Diss is a further 8 miles to the north with the benefit of a mainline railway station with regular/direct services to London, Liverpool Street and Norwich.
Garden The rear provides a blank canvas for a new owner to landscape depending on what the plan of action is with proposed development.
There is plenty of space to create a peaceful and enclosed space with an open boundary to the side currently.
Disclaimer Anti-Money Laundering (aml) Fee Statement: To comply with hmrc's regulations on Anti-Money Laundering (aml), we are legally required to conduct aml checks on every purchaser once a sale is agreed.
We use a government-approved electronic identity verification service to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (diatf).
The cost of anti-money laundering (aml) checks are £50 including VAT per person, payable in advance after an offer has been accepted.
This fee is mandatory to comply with hmrc regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
General Disclaimer: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About Plot at, Church Street, Eye
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