We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · IP23 7PS
For saleReduced £60k (−22.6%) on 13 OctListed 115 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In summary No chain!
This is a unique listing with the potential to either build A separate dwelling attached or a double storey extension depending on preference - both of which have full planning permission granted with reference numbers DC/24/03139 or DC/25/03709.
The cottage itself is a charming and meticulously renovated two bedroom end of terrace cottage having been newly renovated by the current owners.
Perfectly situated with no chain, this property emanates a sense of tranquillity and comfort.
Upon entering, you are greeted by a beautifully presented sitting room featuring an inviting inglenook fireplace housing a woodburner as well as a plethora of exposed timber beams.
The newly fitted kitchen/dining room to the rear can be found beyond with access to the garden. As you ascend to the upper level, two cosy bedrooms await, each offering a peaceful retreat.
The well-appointed bathroom provides a sanctuary for relaxation, encompassing modern amenities for your convenience.
Outside you will find the private enclosed rear gardens providing a serene outdoor space ideal for unwinding.
To the front of the cottage there is also driveway parking available for multiple vehicles.
The grounds have currently been left for a new owner to finish depending on what their preference might be future development.
The overall offering has bags of potential to create either a spacious family home with private gardens or two adjoining and completely separate cottages.
Various imagery for the proposed development can be found attached. Setting the scene Approached via the frontage you will find shingled driveway parking for two vehicles in front of the cottage.
The main entrance door to the front can be found straight ahead as well as an attractive low level picket fence. The plot adjacent is currently open with no defining boundary line.
The grand tour Entering via the main entrance door to the front you will find the main sitting room with stairs to the first floor as well as an inglenook fireplace housing a newly fitted woodburner.
There are a plethora of exposed timbers as well as fitted storage too.
A door leads through to the kitchen/dining room beyond with a range of wall and base level units as well as quartz worktops over and space for white goods.
There is an integrated electric oven and hob as well as a built in cupboard and space for the dining table as well as exposed timbers and a door to the rear garden beyond.
Heading up to the first floor landing there is access to two bedrooms and the family bathroom off the landing.
The larger bedroom is found to the front with a smaller one to the rear both with exposed timbers, wood flooring and character features.
The bathroom offers a bath with shower attachments, w/c and hand wash basin as well as wood flooring and stylish tiling.
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. Mains electricity, water and drainage are all connected. Heating is provided by modern electric storage heaters.
EPC Rating: E 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 great outdoors 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 currently to the plot to the side.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About 1 Leam Cottages Church Street, Eye
Explore nearby