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Victoria Street, Sheringham

East of England

£200,000
Listed on 21/06/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1046 sqft

Description

This end-of-terrace cottage-style property presents a compelling opportunity for renovation and investment in an attractive residential area, just steps away from the promenade. With no onward chain, this home offers a unique chance to create a personalized seaside retreat while benefiting from the potential for appreciation in value through updates and improvements. The layout encompasses two reception rooms and two bedrooms, alongside a former studio space at the rear that is filled with natural light, featuring multiple windows and French doors leading to a small courtyard garden. This additional room could easily be transformed into a workspace or leisure area, increasing the property's functionality. While some areas require updating, the foundation is solid with features including a lounge complete with character details such as an original fitted gas fire and alcoves for storage. The dining room complements this space, providing a cozy atmosphere for meals. The kitchen retains practical elements like a stainless steel sink and space for appliances, along with a walk-in shelved larder cupboard—ideal for those who enjoy cooking or entertaining. Upstairs, you’ll find two bedrooms with the master offering views of the sea—a distinctive touch that highlights its coastal location. The first floor also includes an airing cupboard and access to attic space via a folding ladder, which presents further possibilities for expansion or storage solutions. The outdoor areas consist of a small gated front garden adorned with established shrubs and a rear courtyard garden that provides pedestrian access to an alleyway leading to both Victoria Street and Morris Street. While there is no off-road parking available, the property's proximity to local amenities enhances its appeal. This freehold home is connected to all mains services and falls under Band B for Council Tax. Given its current condition, prospective buyers should note that securing financing may be challenging; however, for those looking to invest in property potential or create their dream home by the sea, this residence embodies significant opportunity.

Investment Analysis

(NR26 area)

Below Market Value

This property is priced -41.6% below area average per sq ft

-41.6%
Potential saving
This Property
£191/sq ft
Area Average
£327/sq ft

Renovation Potential

Est. Renovation Cost
£20,000 - £50,000
10-25% of property value
Target Value
£376,764
10% above area average per sq ft
Potential ROI
+50.7%
After renovation
Monthly Sales
9
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NR26)

Area prices are falling by +4.8% over the last 12 months
3 year growth: -2.2%
5 year growth: 12.7%
Investment Disclaimer: Analysis based on NR26 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

Victoria Street, Sheringham
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