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3 bed house for sale Lancewood Walk, Raf Lakenheath, IP27

Asking price

£220,000

Reduced on 23/10/2026

Type: Terraced
Bedrooms: 3
Bathrooms: 1
Size: £247 per sq ft
Tenure: Freehold

EPC E 45 potential D

Key features

Investment Opportunity with Tenants Already in Situ
Rental Income of £1,250pcm and a Yield of Over 6.5%!
End-Terraced Home on a Larger than Average Plot
Previously Two Bedrooms, Now Three
Well Maintained Throughout
Bright L-Shaped Living/Dining Room
Modern Kitchen & Bathroom
Ideal First Investment or Portfolio Addition

About this property

Attention investors - offered to the market with happy tenants already in situ, this well-presented end-terraced home generates a rental income of £1,250 per calendar month, delivering a yield of well over 6.5%.

An ideal first investment or a strong addition to an existing portfolio. Positioned on a larger-than-average plot for this style of property, the home has been cleverly reconfigured from its original two-bedroom layout to now provide three bedrooms, while still retaining generous living space. Internally, the property has been well maintained and offers accommodation typical of homes on the popular Lords Walk estate.

Floorplan

Energy performance

E 45

Current

Potential

92+

81-91

69-80

55-68

65 D

39-54

45 E

21-38

1-20

This home is rated band E, scoring 45 out of 100. The average British home is band D. Its certificate says it could reach band D (65) if the improvements it recommends were carried out.

Read from the certificate published with this listing, so it may not be the latest one. Check the government EPC register for the full certificate and its recommendations.

Council tax

Ask agent

Per year

Band A

£1,568
Band B

£1,829
Band C

£2,090
Band D

£2,351
Band E

£2,874
Band F

£3,397
Band G

£3,919
Band H

£4,703

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In West Suffolk, 2026/27 bills run from £1,568 a year in band A to £4,703 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across West Suffolk, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Property timeline

Reduced

October 2026 £220,000

Was £225,000
Listed

September 2026 £225,000

3 beds · 1 bath · this listing

Past sales can't be shown: the agent hasn't given the house number.

Price guide

This home

£247 / sq ft

Area average (sold)

£274 / sq ft

Price per area, sold homes nearby

£195 / sq ft

£247 / sq ft

£343 / sq ft

Lowest

This home

Highest

£247 per sq ft, below the middle of recent sales in IP27 (£195–£343, 10th–90th percentile, 528 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 528 homes sold in IP27 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in IP27 →

Location

Lancewood Walk, Raf Lakenheath, IP27

Open map Street View

Mortgage and stamp duty

Property price £220,000

£110k £330k

Deposit10% £22,000

£0 £220k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £198,000 mortgage. Most lenders would want a household income of about £44,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
22, Lancewood Walk Terraced	Terraced	Mar 2023	1,109 sq ft £203/sq ft	1,109 sq ft	£203	£225,250
28, Lancewood Walk Terraced	Terraced	Jan 2022	872 sq ft £252/sq ft	872 sq ft	£252	£220,000
15, Lancewood Walk Terraced	Terraced	May 2019	915 sq ft £173/sq ft	915 sq ft	£173	£158,500
19, Lancewood Walk Terraced · new build	Terraced · new build	Jun 2018	1,270 sq ft £154/sq ft	1,270 sq ft	£154	£196,000
9, Lancewood Walk Terraced	Terraced	May 2018	1,163 sq ft £159/sq ft	1,163 sq ft	£159	£185,000
27, Lancewood Walk Terraced · new build	Terraced · new build	Apr 2018	883 sq ft £164/sq ft	883 sq ft	£164	£145,000
23, Lancewood Walk Terraced · new build	Terraced · new build	Feb 2018	850 sq ft £166/sq ft	850 sq ft	£166	£141,000
21, Lancewood Walk Terraced · new build	Terraced · new build	Feb 2018	850 sq ft £171/sq ft	850 sq ft	£171	£145,000