Eriswell Drive, Lakenheath
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Eriswell Drive, Lakenheath

By Molyneux Estate Agents

£ 170,000

Reviews

2 out of 5 stars

Molyneux Estate Agents says ..

Offered to the market with NO ONWARD CHAIN is this DETACHED BUNGALOW found in the village of Lakenheath. With TWO BEDROOMS, the property is in need of modernisation and refurbishment throughout. CALL NOW TO VIEW!

Property Oracle says ..

This two-bedroom detached bungalow in Lakenheath, West Suffolk, presents a mixed investment opportunity. The property is listed at £170,000 and boasts a total area of 938.67 square feet. The provided photographs reveal a property that requires substantial renovation. The kitchen, bathroom, and flooring are all in need of complete replacement or refurbishment. Walls display significant damage and require complete redecoration. The overall impression is one of significant work being required before the property becomes habitable to a modern standard. Whilst the plot size is not specified, the small garden requires landscaping. The location is a positive factor, offering access to local schools (although their Ofsted ratings could be better), transportation links via the nearby Lakenheath train station, and other amenities of Lakenheath. Nevertheless, prospective buyers must factor in the extensive renovation costs which could easily exceed a considerable amount. The property could be suitable for a buyer seeking a renovation project who is comfortable handling substantial works or for an investor looking for a potential return following significant investment and refurbishment. It’s crucial to obtain a professional survey to fully assess the structural condition and potential costs associated with the necessary works before any purchase decisions are made. Comparison with similar properties in the area, particularly those needing renovation is essential for informed decision making.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
3
Location
6
Land
4
Bedrooms
2
Bathrooms
1
Sqft (est)
938.67

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
280,735.00 £
Decreased by 0.92 %
from 283,337.00 £
Est sale value
325,718.49 £
Increased by 6.12 %
from 306,945.09 £
Average area rental value
1,338.00 £/mo
Increased by 0.83 %
from 1,327.00 £/mo
Est letting value
938.67 £/mo
Unchanged by 0.00 %
from 938.67 £/mo
Est rental Yield
5.72 %
Increased by 1.78 %
from 5.62 %
Crime Rate
39.00 %
Unchanged by 0.00 %
from 39.00 %

Agent Activity

  • Molyneux Estate Agents marked this listing as sold.

  • Molyneux Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Lakenheath Community Primary SchoolCommunity SchoolRequires improvement0.87 KM
Beck Row Primary AcademyAcademy Sponsor LedRequires improvement6.12 KM
Great Heath AcademyAcademy Sponsor LedGood6.37 KM
St Mary'S Church Of England AcademyAcademy ConverterGood6.87 KM
On Track Education Centre (Mildenhall)Other Independent Special SchoolGood6.89 KM

Images

93edf6b6-lounge 3B.jpg 7aec3b9f-bed 202.jpg b12388d7-front.jpg 0d797ab0-drive.jpg a5879f67-kitchen.jpg 734c5ade-bed.jpg 904ec3b1-shower 20room.jpg 528f2d5c-porch.jpg 4140c947-rear.jpg

Nearby Streets

NameAverage PriceAverage SqftDistance
Compass Close £ 000.00 KM
The Grange £ 249,90000.00 KM
Smeeth Drove £ 334,88800.00 KM
South Road £ 000.00 KM
Roughlands £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lakenheath7201LAK4.47 KM

Nearby Listings

AddressPriceTypeScoreDistance
Eriswell Drive, Lakenheath £ 170,000BUY5 / 100.00 KM
Warreners Reach, Lakenheath, Brandon, Suffolk, IP27 £ 290,000BUY6 / 100.13 KM
Land West Eriswell Road, Lakenheath, Suffolk, IP27 9AN £ 318,000BUY8 / 100.17 KM
Amis Court, Lakenheath, Brandon £ 190,000BUYUnknown0.17 KM
Lime Close, Lakenheath, Brandon £ 210,000BUY5 / 100.19 KM

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AddressPriceDistance
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18 Windmill Close £ 197,5000.12 KM
9 Windmill Close £ 292,0000.12 KM
20 Windmill Close £ 215,0000.12 KM