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See how verdicts work2-bedroom terraced house · IP23 7AJ
For saleReduced £10k (−5.3%) on 21 JunListed 355 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In summary Guide Price £190,000 - £200,000. No chain!
Located in a prime location within walking distance to all the amenities of town living, this charming two bedroom attached cottage presents an ideal opportunity for first-time buyers or those looking to downsize.
Currently tenanted, the cottage could also be purchased with a tenant in situ for buyers looking to invest.
Boasting a characterful facade, this property offers a cosy retreat from the hustle and bustle, complete with a sitting room featuring a woodburner, perfect for unwinding on chilly evenings.
The kitchen/breakfast room provides a delightful space for meals, and the re-fitted shower room/WC adds a touch of modern convenience to the cottage's traditional charm.
Upstairs, two ample bedrooms offer comfortable accommodation for a small family or visiting guests.
With no chain involved, make the move to this quaint abode and settle into its welcoming ambience without delay.
Setting the scene Located in heart of town, to the front there is a main entrance door with a step from the pathway. This leads straight into the main reception room.
To the rear there is the benefit of a bisected access for access into the rear garden over the neighbouring cottage.
The grand tour Entering the cottage via the main entrance door to the front you are welcomed by the main reception room with a wooden flooring with brick built fireplace and woodburner as well as stairs to the first floor landing.
The main reception room is filled with character and exposed beams. A door leads through to the inner hall with access to the shower room and the kitchen beyond.
The shower room has been nicely fitted with attractive tiling and a double walk in shower as well as w/c and hand wash basin.
The kitchen/breakfast room to the rear again offers plenty of character with exposed brick wall and tiled flooring.
There is a range of wall and base level units with solid worktops over as well as an integrated electric eye level oven, electric hob and space for white goods.
You will find space for a dining table to the far end as well as double doors out to the garden beyond.
Heading up to the first floor landing there are two ample bedrooms off the landing, one to the front and one to the rear.
The bedroom to the rear offers two double wardrobes and a cupboard with the room to the front also benefitting from fitted wardrobes and exposed timbers.
Find us Postcode : IP23 7AJ What3Words : ///polo.eagles.commoners Virtual tour View our virtual tour for a full 360 degree of the interior of the property.
Agents notes The cottage benefits from mains service as well as a bisected access to the rear providing access to the rear garden.
EPC Rating: C Location The property is located in Eye, a historic town offering an assortment of local shops and businesses.
The local schooling is highly thought of with Nursery to High School ages catered for. Services include health centre, butchers, bakers, deli, supermarkets and chemist amongst others.
The market town of Diss (approximately 5 miles away) offers an extensive range of further amenities.
Diss also benefits from a mainline rail service which runs between the City of Norwich and London's Liverpool Street Station.
Garden The great outdoors The rear offers an attractive courtyard style garden which is mainly laid to shingle with space for a table and chairs.
There is a timber shed for storage as well as brick walls enclosing providing plenty of privacy. The bisected access also allows for front to rear access when needed.
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.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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.
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FAQ
About 4 Magdalen Street, Eye
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