Worst House on the Street Logo
Castle Acre, King's Lynn, Norfolk, PE32 - Image 1
Castle Acre, King's Lynn, Norfolk, PE32 - Image 2
Castle Acre, King's Lynn, Norfolk, PE32 - Image 3
Castle Acre, King's Lynn, Norfolk, PE32 - Image 4
Castle Acre, King's Lynn, Norfolk, PE32 - Image 5

Castle Acre, King's Lynn, Norfolk, PE32

East Midlands

£1,550,000
Listed on 13/03/2025

Property Details

Bedrooms
9
Type
Detached house
Area
8706 sqft

Description

This expansive farmhouse, set on approximately 8.7 acres of diverse landscape that includes gardens, woodland, and meadowland, presents a rare opportunity for renovation and investment. Tucked away among mature trees in the serene West Norfolk countryside, the property offers both privacy and potential. With a grand approach via a sweeping drive—whose restoration could significantly enhance its appeal—the farmhouse embodies a blend of Georgian and Victorian architectural styles. The exterior features estate brickwork interspersed with charming sash windows that invite natural light into an impressive living space exceeding 8,700 square feet. While the interiors require modernization, the home's unlisted status allows for considerable flexibility in renovations. Inside, one can find an array of formal and casual rooms that are conducive to comfortable living. The layout is thoughtfully designed for family life, with elegantly proportioned reception areas situated on the south side, maximizing views over the grounds. The entrance hall is adorned with Victorian tiles, leading to multiple reception rooms that retain original period features. A functional kitchen and utility spaces are also present but could be reconfigured to better suit contemporary needs. Upstairs houses nine bedrooms arranged around a central hallway with staircases at either end—a practical design for larger families or potential guest accommodations. Although the property has been maintained during its rental period under estate management, it now awaits a new owner’s vision to restore it to its former glory. The surrounding grounds comprise a mix of established gardens and open paddocks ideal for landscaping projects or agricultural use. The main courtyard is flanked by outbuildings offering diverse possibilities—from storage to conversion into additional living spaces or artisan workshops—making it suitable for various entrepreneurial ventures or personal projects. Located just north-east of Castle Acre, known for its historical significance including a Norman castle and priory, this property benefits from proximity to local amenities such as shops and public houses. The nearby market town of Swaffham provides further shopping options while access to North Norfolk's picturesque coastline is easily attainable. Overall, this property stands as an exceptional canvas for ambitious buyers looking to create a unique rural retreat or capitalize on its investment potential through thoughtful renovations and land management.

Investment Analysis

(PE32 area)

Below Market Value

This property is priced -38.2% below area average per sq ft

-38.2%
Potential saving
This Property
£178/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£286
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£155,000 - £387,500
10-25% of property value
Target Value
£2,758,061
10% above area average per sq ft
Potential ROI
+42.4%
After renovation
Monthly Sales
11
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PE32)

Area prices are falling by +10.1% over the last 12 months
3 year growth: -4.4%
5 year growth: 6.0%
Investment Disclaimer: Analysis based on PE32 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

Castle Acre, King's Lynn, Norfolk, PE32
Map showing location of Castle Acre, King's Lynn, Norfolk, PE32
Open Map