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Churchill Crescent, Sheringham

East of England

£425,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1686 sqft

Description

This spacious detached chalet bungalow is set in a well-established area on the outskirts of town, offering a wonderful opportunity for those looking to invest in a property with great potential. The home, while comfortable and equipped with gas central heating and mostly UPVC double-glazed windows, would greatly benefit from modernisation and personal touches to elevate its appeal. With generous accommodation that includes three bedrooms, a bright lounge/dining room, kitchen, and two separate W.C.s, there is ample scope to enhance both functionality and aesthetics. The property sits on an expansive plot, perfect for gardening enthusiasts who can enjoy the extensively lawned rear garden adorned with various shrubs and trees. An attached double garage provides significant storage or workshop space, complemented by off-road parking. Located within proximity to local schools and amenities, this property presents an enticing refurbishment opportunity that could transform it into a charming family home.

Investment Analysis

(NR26 area)

Below Market Value

This property is priced -25.4% below area average per sq ft

-25.4%
Potential saving
This Property
£252/sq ft
Area Average
£338/sq ft
Avg Rent (weekly)
£222
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£626,298
10% above area average per sq ft
Potential ROI
+34.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR26)

Area prices are falling by +5.2% over the last 12 months
3 year growth: -2.5%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on NR26 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

Churchill Crescent, Sheringham
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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
£1,557
Based on a loan of £318,750 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