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Elm Close, North Elmham

East of England

£200,000
Listed on 01/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
872 sqft

Description

This two-bedroom detached bungalow presents a unique opportunity for renovation enthusiasts and investors alike. Nestled in a quiet cul-de-sac in the popular village of North Elmham, the property is set on a substantial plot featuring expansive front and rear gardens, offering ample outdoor space that invites creativity for landscaping or gardening projects. Additionally, there is an en-bloc garage and off-road parking available, enhancing convenience for residents. The interior layout consists of a spacious sitting room that connects seamlessly to the kitchen and a bright conservatory, which provides serene views of the garden—ideal for relaxation or casual gatherings. The inner hallway leads to a functional bathroom and two well-sized bedrooms that hold promise for personal touches and updates. While the home requires modernisation, it serves as an excellent blank canvas ready for transformation, allowing new owners to implement their vision and style. Location-wise, Elm Close is affiliated with the thriving community of North Elmham, where residents can enjoy easy access to essential amenities such as local shops, a post office, and a friendly pub—all just a short stroll away. The surrounding countryside provides opportunities for outdoor activities, while good transport links make it simple to reach larger towns like Dereham and Fakenham. Properties in this area are seldom available, making this bungalow particularly noteworthy for those seeking a project in a well-established village environment. The peaceful ambiance combined with proximity to reputable schools and recreational facilities enhances its appeal—making it suitable for families or those looking to downsize. In summary, this bungalow represents not just a home but also an investment in potential—perfectly positioned within a warm community that balances rural tranquility with convenient living. Early viewing is advised to fully appreciate the size of the plot and envision the possibilities it holds for rejuvenation and enhancement.

Investment Analysis

(NR20 area)

Below Market Value

This property is priced -19.8% below area average per sq ft

-19.8%
Potential saving
This Property
£229/sq ft
Area Average
£286/sq ft
Avg Rent (weekly)
£238
Avg Yield
3.3%

Renovation Potential

Est. Renovation Cost
£20,000 - £50,000
10-25% of property value
Target Value
£274,187
10% above area average per sq ft
Potential ROI
+9.7%
After renovation
Monthly Sales
14
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NR20)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -2.8%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on NR20 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

Elm Close, North Elmham
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