3-bedroom house · IP22 2PE
Sold STCReduced £25k (−4.5%) on 18 SepListed 150 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set back from a small country lane, the property enjoys a pleasing rural but yet not isolated position backing onto rural countryside and offering outstanding far reaching rural views.
The much sought after village of Market Weston lies on the borders of Suffolk/Norfolk well located for access to various market towns and services with easy reach.
The nearby villages of Hopton and Barningham have public houses, good stores and primary schools.
The popular market town of Bury St Edmunds is found fifteen miles to the west, whilst Diss lies respectively ten miles to the east and has the benefit of a mainline railway station with regular/direct services to London Liverpool Street and Norwich.
Mill House is a charming period cottage thought to be of Victorian origin. As the name suggests, the property sits on the site of an old mill, holding much history to the village and former past.
As one would expect from a home of this era, it holds much character and charm.
The current owners have resided at the property for the past 25 years or so, carrying out extensive works to enhance the property while taking great care to retain its period features, such as original fireplaces and exposed mellow red brick and flint walling.
Deceptive in its size, the main residence offers 1,600 sq ft of accommodation.
This includes the option of an annexe, which can either be seamlessly integrated into the main living spaces or kept entirely separate.
Additionally, the property boasts an excellent range of external outbuildings.
A portion of these outbuildings has already been converted and could serve as a secondary annexe or be utilised for business purposes.
As detailed on the floor plans, this converted space features a bedroom area, a living space, and a separate shower room.
The main house features a stunning kitchen diner with vaulted ceilings, exposed timbers, and reclaimed red brickwork.
Generously proportioned, this impressive space also enjoys views across the surrounding countryside.
There are two well-sized reception rooms, one of which showcases a period fireplace and benefits from French doors opening onto the cottage gardens.
On the first floor, there are two well-sized bedrooms, both with en-suite suites.
The principal bedroom also enjoys the added luxury of a dressing room, as well as elevated far-reaching views over the countryside.
Accessed via the kitchen is the annexe accommodation, which could be separated from the main house or used as additional living space.
At ground floor level, there are two rooms, a separate shower room, and a mezzanine level which provides access to the third bedroom.
Externally, the grounds extend to 0.86 acres and are well established, backing onto rural fields with far-reaching countryside views.
On arrival, double gates open to a long hardstanding driveway that runs past the cottage and up to the outbuildings.
As shown on the floor plan, the outbuildings provide excellent space for a variety of uses. The first is generously sized, with power and lighting connected, as well as a mezzanine area above.
The second, which is attached, has double doors to the front and also benefits from power and lighting. It also provides access to what could be used as a separate annexe.
This converted space offers a large L-shaped lounge or dining area, a separate bedroom, and a shower room. Altogether, the two outbuildings and garage provide a combined total of 1,300 sq ft.
Entrance hall reception room - 3.10m x 4.72m (10'2" x 15'6") reception room - 4.70m x 5.18m (15'5" x 17'0") kitchen/diner - 6.45m x 4.55m (21'2" x 14'11") annexe dining room - 2.72m x 2.97m (8'11" x 9'9") annexe shower room - 1.85m x 1.40m (6'1" x 4'7") annexe lounge - 3.02m x 2.39m (9'11" x 7'10") first floor level - landing bedroom - 3.17m x 5.03m (10'5" x 16'6") en-suite - 0.76m x 2.54m (2'6" x 8'4") bedroom - 4.67m x 3.76m (15'4" x 12'4") dressing room - 3.20m x 1.37m (10'6" x 4'6") en-suite - 2.08m x 2.54m (6'10" x 8'4") annexe bedroom - 4.01m x 2.97m (13'2" x 9'9") outbuilding - workshop one - 6.22m x 5.64m (20'5" x 18'6") workshop two - 3.78m x 8.03m (12'5" x 26'4") living area - 6.25m x 7.87m (20'6" x 25'10") bedroom - 3.94m x 3.76m (12'11" x 12'4") WC - 1.17m x 1.68m (3'10" x 5'6") shower room - 1.14m x 1.98m (3'9" x 6'6") services Drainage - private (septic tank) Heating - oil EPC Rating F Council Tax Band E Tenure - freehold Anti-Money Laundering Fee Statement To comply with hmrc's regulations on Anti-Money Laundering (aml), Whittley Parish are legally required to conduct aml checks on every purchaser(s) once a sale is agreed.
We use a government-approved electronic identity verification service from Landmark 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 is £50 + VAT (£60 inc VAT) per purchase, payable in advance after an offer has been accepted.
This fee to Whittley Parish 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.
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.
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FAQ
About Mill House, The Street, Diss
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