3-bedroom bungalow · PE38 0NF
Sold STCListed 248 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A detached, 3-bedroom bungalow positioned along a small road, on a non-estate location, within this popular and well served Village location.
Individually designed and constructed, the property boasts a generous level of living accommodation that includes an open-plan kitchen/breakfast room extending to almost 16ft in size, a separate, spacious utility, and a lounge to the front that also measures nearly 16ft in width.
The bathroom has more recently been completely refitted now offering a large, walk-in shower. Outside, the property sits on a generous plot and enjoys far reaching, field views over to the side.
The property is also being sold with the benefit of having no onward chain.
Accommodation - uPVC double glazed front entrance door opening to:- Entrance Hall Extending throughout the bungalow and providing access to rooms and bedrooms, double doors open to double airing cupboard housing hot water cylinder, single panel radiator, ceiling loft access.
Lounge 15’10” x 14’2” (4.84m x 4.33m) uPVC double glazed window to the front, central open fireplace, double panel radiator, door to:- Kitchen/Breakfast Room 15’10” x 9’11” (4.84m x 3.04m) uPVC double glazed window to rear, generous range of matching wall and base storage units with round edge worksurfaces over, inset stainless steel sink and drainer, tiled splashbacks, space for cooker with extractor over, double panel radiator, ceramic floor tiling, door to:- Utility uPVC double glazed window to rear, worksurface with space for appliances under, floor standing oil fired central heating boiler, ceramic floor tiling, single panel radiator, uPVC double glazed door leading to rear, door leading back through to hallway.
Bedroom One 10’9” x 10’7” (3.30m x 3.23m) uPVC double glazed window to front, sliding doors to built in wardrobes, single panel radiator.
Bedroom Two 10’11” x 9’1” (3.33m x 2.78m) uPVC double glazed window to front, single panel radiator.
Bedroom Three 9’10” x 8’9” (3.00m x 2.69m) uPVC double glazed window to side, single panel radiator.
Outside There is a driveway providing access to the rear opening on to a private driveway providing parking for vehicles.
The property sits in the middle of the plot providing generous areas of lawn that extend to both sides and to the front. There are mature, manicured shrubs set to the side and to the rear.
Agents Notes: Part of the original garden, situated to the side is being sold separately as building land with outline planning permission currently granted for the construction of a detached dwelling.
Value & comps
No previous sales on record.
Returns
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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 Mill Lane, Southery, Downham Market, PE38
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