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Martham

East of England

£500,000
Listed on 18/10/2024

Property Details

Bedrooms
4
Type
Detached house
Area
1722 sqft

Description

Nestled within one of the Broads' most vibrant villages, this property stands out with its prime location adjacent to the picturesque village green and duck pond. The residence features four spacious bedrooms, making it ideal for family living while also offering versatile space for potential renovations. In addition to the comfortable living quarters, the property includes a shop premise that opens up various possibilities for entrepreneurial ventures or could be repurposed to add further value. Beyond the main building, several outbuildings provide additional storage or workspace options, with one already having secured planning permission for a holiday let. This presents a unique opportunity to generate rental income or create a bespoke guest accommodation. The surrounding area is rich in amenities and community spirit, enhancing both lifestyle and investment appeal. With thoughtful renovations and innovative use of the existing structures, this property can be transformed into a remarkable residence or a profitable investment in an increasingly sought-after locale.

Investment Analysis

(NR29 area)

Above Market Value

This property is priced +2.0% above area average per sq ft

+2.0%
This Property
£290/sq ft
Area Average
£285/sq ft
Avg Rent (weekly)
£282
Avg Yield
4.9%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£539,373
10% above area average per sq ft
Potential ROI
-13.7%
After renovation
Monthly Sales
25
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NR29)

Area prices are rising by +22.0% over the last 12 months
3 year growth: 30.1%
5 year growth: 37.5%
Investment Disclaimer: Analysis based on NR29 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Martham
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