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See how verdicts work5-bedroom house · IP22 1AW
Listing removedListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting renovation/redevelopment project for sale for the first time in over 70 years.
Property - The property provides an exciting and rare opportunity to purchase a substantial period house, formerly two cottages, now in need of complete renovation and refurbishment.
It offers huge potential for redevelopment or extensions subject to the necessary planning permissions.
The house, which is set back from the road in an elevated position, if for sale for the first time in over 70 years and has not been occupied in over 10 years.
Whilst now as one dwelling it is easy to see where it was two and it could be reverted subject to planning and the second staircase even remains in situ.
The current configuration is with the main entrance being accessed off an entrance porch, leading to a hallway.
This is a single storey addition which is clay lump and includes a bathroom and the kitchen. There are three principal reception rooms, each with fireplaces, a former kitchen a scullery and a pantry.
The main stairs rise from one of the reception rooms to the first floor landing. There are currently 5 bedrooms, two of which interconnect, and a shower room.
The house is set back from the road and accessed via metal gates. It is in an elevated position with an area of lawn to the front.
Beyond the house is a further area of garden, now overgrown and an orchard. The gardens back on to open fields and enjoy a rural aspect.
Location - Palgrave is a particularly popular village being convenient for those enjoying the facilities within Diss.
The village itself is fortunate in having a Day Nursery, Community Centre, Playing Field and Parish Church.
Palgrave also benefits from a very sought after village Primary School, which is rated Good by Ofsted.
Palgrave's catchment secondary school is Hartismere High School, which has an 'Outstanding School' rating from Ofsted.
For those wishing to commute, good road links can be enjoyed to the A140 and A143 road systems and the mainline rail station in the historic market town of Diss provides commuter services between the Norwich to the north and London's Liverpool Street Station.
Services - Electric storage heaters. Mains electricity and water with drainage via a septic tank.
(Durrants have not tested any apparatus, equipment, fittings or services and so cannot verify they are in working order).
Local Authority - Mid Suffolk District Council Council Tax Band – E Energy Performance - TBC Viewing - Viewing is strictly by arrangement with the vendors' agent Durrants, please call .
Building Consultancy - Our Building Consultancy Team will be happy to provide advice to prospective buyers on planning applications, architectural design, building regulations and project management - please contact us if you would like to discuss.
Agent's Note - Due to the condition of the property any buyers requiring a mortgage need to contact their lender to determine if it will meet their lending criteria.
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.
Area
Agent & docs
FAQ
About Crossing Road, Palgrave, Diss
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