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Norwich Road, Fakenham

East of England

£550,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
986 sqft

Description

This noteworthy period property offers a rare opportunity for renovation enthusiasts and investors alike, set on a tranquil plot of approximately a quarter of an acre just moments from Fakenham town centre. While the home retains much of its original charm, including spacious rooms and classic features such as bay windows and fireplaces, modernisation is advisable in key areas to maximise its potential. The layout comprises a welcoming entrance hall leading to an expansive sitting room and formal dining area, both conducive to restoration. The kitchen/breakfast room is functional but could be reconfigured for contemporary living. Upstairs, you'll find four good-sized bedrooms around a landing with views over the rear garden. A family bathroom serves these rooms, while the master benefits from an en-suite shower room. A unique feature is the attached barn/workshop that presents excellent prospects for conversion into additional living space or guest accommodation. Externally, generous off-road parking is available to the front with a private garden at the rear featuring established greenery. Given its size and location, this property holds significant investment potential for those looking to create their ideal home or rental property through thoughtful refurbishment.

Investment Analysis

(NR21 area)

Above Market Value

This property is priced +90.7% above area average per sq ft

+90.7%
This Property
£558/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£223
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£317,300
10% above area average per sq ft
Potential ROI
-48.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR21)

Area prices are rising by +7.0% over the last 12 months
3 year growth: -0.8%
5 year growth: 23.6%
Investment Disclaimer: Analysis based on NR21 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

Norwich Road, Fakenham
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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
£2,015
Based on a loan of £412,500 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