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Overstand Campsite Norfolk Cromer Norfolk NR27 0PJ United Kingdom - Image 1

Overstand Campsite Norfolk Cromer Norfolk NR27 0PJ United Kingdom

East of England

£350,000
Listed on 14/01/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property, previously functioning as a campsite, presents a unique opportunity for renovation and redevelopment. Spanning approximately 0.6 hectares (1.6 acres), it lies within an area that showcases the potential for various alternative uses, contingent on obtaining planning permission. The site's existing permitted development rights offer a solid foundation for those looking to explore its redevelopment possibilities further. Its history as a campsite means that the infrastructure may already accommodate certain recreational or hospitality ventures, making it an intriguing prospect for investors seeking to capitalize on the growing demand for outdoor experiences. Located in a region known for its natural beauty and accessibility to local amenities, this property is ideally situated to attract visitors and residents alike. The rich landscape provides opportunities for innovative concepts, whether they be eco-friendly cabins, glamping sites, or other leisure-focused developments. With thoughtful planning and vision, this site could transform into a profitable venture that aligns with current market trends. This property invites prospective buyers to consider how they can reshape it into something that meets modern demands while retaining its charm and connection to nature.

Investment Analysis

(NR27 area)
Area Average
£320/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NR27)

Area prices are rising by +5.6% over the last 12 months
3 year growth: 2.6%
5 year growth: 12.8%
Investment Disclaimer: Analysis based on NR27 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

Overstand Campsite Norfolk Cromer Norfolk NR27 0PJ United Kingdom
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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
£1,282
Based on a loan of £262,500 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