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See how verdicts work2-bedroom bungalow · NR35 1JH
Sold STCReduced £10k (−5.6%) on 25 OctListed 97 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Positioned within a well-established residential setting and within easy reach of Bungay's historic town centre, this detached two-bedroom bungalow presents an excellent opportunity for buyers seeking single-storey living with plenty of potential.
Offering well-proportioned accommodation, attractive mature gardens and scope to modernise and extend, subject to the necessary planning permissions, this home is ideal for those looking to create something truly their own.
A welcoming entrance hall provides access to all principal rooms.
The generous sitting room is a particularly impressive space, enjoying an abundance of natural light from two large front-facing windows and offering plenty of room to relax or entertain.
Positioned to the rear of the property, the kitchen/dining room is fitted with a comprehensive range of cupboards and work surfaces, complemented by an integrated oven and gas hob.
There is ample space for a dining table, creating the perfect setting for everyday meals, while a useful rear porch provides direct access to the garden.
Both bedrooms are comfortable doubles, with the principal bedroom benefiting from a built-in storage cupboard.
The second bedroom offers flexibility to suit a variety of needs, whether as a guest bedroom, home office or hobby room.
Completing the accommodation is a spacious family bathroom fitted with a bath, wash hand basin and WC. Outside, the property enjoys established gardens to both the front and rear.
The front garden is mainly laid to lawn with mature flower beds, colourful planting and attractive picket fencing, creating an inviting first impression.
The rear garden has been lovingly maintained and features a variety of mature shrubs, established borders, paved seating areas and a small lawn, providing a private setting to enjoy throughout the seasons.
A useful brick-built store and side courtyard add further practicality, whilst the generous plot offers excellent potential to extend, subject to the necessary planning permissions.
Further benefits include gas fired central heating, double glazing and convenient on-street and lay-by parking nearby.
Offering spacious accommodation, excellent potential and a convenient position close to the many amenities Bungay has to offer, this detached bungalow represents an exciting opportunity for buyers looking to put their own stamp on a home in one of the area's most desirable market towns.
Discover Bungay; Set on the Norfolk and Suffolk border, Bungay is one of East Anglia’s most charming market towns, combining historic character with a vibrant community feel and an excellent range of everyday amenities.
Centred around its attractive marketplace and independent high street, Bungay offers an enviable lifestyle balance, where period architecture, riverside walks and a thriving local scene all come together effortlessly.
The town is particularly well regarded for its selection of independent cafés, restaurants, pubs and boutique shops, giving it a character rarely found in larger towns.
Everyday conveniences are equally well catered for, with supermarkets, schooling for all ages, healthcare facilities and leisure amenities all within easy reach.
The popular Fisher Theatre, leisure centre and nearby parks further enhance the town’s strong community atmosphere.
For those who enjoy the outdoors, Bungay is perfectly positioned to explore some of the region’s finest countryside.
The River Waveney, the Norfolk & Suffolk Broads and an array of scenic walking and cycling routes are all close by, while the Suffolk Heritage Coast and Norfolk coastline can be reached within comfortable driving distance.
Despite its peaceful setting, Bungay remains well connected.
Norwich is accessible in around 30 minutes by car, offering extensive shopping, dining and rail links to London, while nearby Beccles provides additional transport connections and amenities.
Combining the charm of a traditional market town with the convenience of modern living, Bungay continues to be one of the area’s most desirable places to call home.
Additional Information: Council Tax Band - A Local Authority - East Suffolk We have been advised that the property is connected to mains water, electricity and gas central heating.
Please be advised that the property is of non-standard construction, being of sectional concrete construction with a rendered finish.
Prospective purchasers are advised to make enquiries with their chosen mortgage provider regarding lending availability before proceeding.
Winkworth wishes to inform prospective buyers and tenants that these particulars are a guide and act as information only.
All our details are given in good faith and believed to be correct at the time of printing but they don’t form part of an offer or contract.
No Winkworth employee has authority to make or give any representation or warranty in relation to this property.
All fixtures and fittings, whether fitted or not are deemed removable by the vendor unless stated otherwise and room sizes are measured between internal wall surfaces, including furnishings.
The services, systems and appliances have not been tested, and no guarantee as to their operability or efficiency can be given.
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
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FAQ
About The Grove, Annis Hill, Bungay, Suffolk, NR35
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