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See how verdicts work4-bedroom detached house · IP20 0LJ
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set in the heart of the village in a delightful position overlooking the impressive village church this property was once the village school and beating heart of Metfield.
Now it offers enormous potential to renovate and convert subject to planning permission, together with the original school house that again offers huge potential to modernise and refurbish.
In addition, to both buildings there is an area of land between the two that has lapsed planning permission for a detached dwelling.
The Victorian former school building is still in its original layout and comprises the main hall which is vaulted and a large open classroom with stairs to a first floor that is currently storage.
The building has been used as a pottery workshop and store. To the rear is a covered courtyard and additional outbuildings.
It offers huge potential to convert to a stunning property subject to planning permission and has lapsed planning permission to divide and create 2 residential properties..
The school house consists of an entrance hall with open tread staircase and corridor to the rear.
There is a double aspect sitting room with fireplace and a further reception room with woodburning stove. There is a kitchen with large range of units.
To the side is a potential office, shower room and utility room that opens to the attached garage.
On the first floor is a double aspect principal bedroom with dressing area and views over the church plus 3 further bedrooms and a bathroom.
There is a south-facing garden with an open view over the church and churchyard. This is a unique and special opportunity in this location.
Location (What3Words: ///lamppost.siesta.detection) - Located in the highly sought-after and popular village of Metfield with its village shop, Medieval church and thriving community.
Harleston 4.9 miles, Diss station 12.8 miles, Norwich 25.2 miles, Ipswich 29.4 miles. (All distances approximate) Services - Oil fired central heating, mains electricity and water. Mains drainage.
(Please note none of the services have been tested by Waveney and Broads)
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 School Lane, Metfield
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