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Lynn Road, Wiggenhall St. Germans, PE34

East of England

£375,000
Listed on 03/09/2024

Property Details

Bedrooms
3
Type
Detached house
Area
1302 sqft

Description

This charming three-bedroom home is situated alongside a picturesque riverside pathway, offering both character and potential for renovation. The inviting atmosphere is apparent as you enter, with multiple living areas designed for relaxation and enjoyment. The lounge serves as a peaceful retreat, featuring a balcony that overlooks the rear garden—an ideal spot for unwinding while taking in the lush surroundings. Adjacent to this area, the sitting room boasts a delightful bay sash window that frames serene river views, adding to the home's tranquil ambience. Conveniently located on the ground floor is a third bedroom, perfect for those seeking easy access without navigating stairs. Descending from the lounge leads you to the basement level, which houses a dining room, utility room, and kitchen. This space retains original features that highlight its heritage and offers direct garden access—a blend of practicality and charm. On the first floor, two additional bedrooms are complemented by a bathroom. Both rooms benefit from stunning river views, allowing residents to enjoy a picturesque start to their day. Additionally, there’s an accessible attic area currently utilized for storage; however, its adaptable nature opens up possibilities for creative use or conversion. An interesting feature of this property is the adjoining former granary—a period L-shaped barn presenting significant development opportunities pending relevant planning permissions. Previous plans contemplated transforming this structure into underground parking and additional accommodation—a prospect that could substantially increase both functionality and value. Parking is conveniently available on-site with space for two vehicles along the driveway. The fully enclosed rear garden provides a private outdoor oasis with well-tended lawns, rockeries, herb gardens, and fruitful bushes—including blackcurrants and raspberries—creating a seasonal harvest for your enjoyment. Situated in a quaint village with essential amenities such as shops, schools, and public transport options within close reach—including train stations in nearby Kings Lynn—the property combines rural charm with convenient access to urban connectivity. This residence stands out not only as a comfortable home but also as an opportunity for investment in an area rich with potential for further development or personal touch.

Investment Analysis

(PE34 area)

Above Market Value

This property is priced +14.4% above area average per sq ft

+14.4%
This Property
£288/sq ft
Area Average
£252/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£360,485
10% above area average per sq ft
Potential ROI
-19.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PE34)

Area prices are rising by +6.5% over the last 12 months
3 year growth: -7.3%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on PE34 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Lynn Road, Wiggenhall St. Germans, PE34
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,374
Based on a loan of £281,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE