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E-218358 - Bull Hotel, 41 Bridge Street, Fakenham NR21 9AG - Image 1
E-218358 - Bull Hotel, 41 Bridge Street, Fakenham NR21 9AG - Image 2
E-218358 - Bull Hotel, 41 Bridge Street, Fakenham NR21 9AG - Image 3

E-218358 - Bull Hotel, 41 Bridge Street, Fakenham NR21 9AG

East of England

£500,000
Listed on 18/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

The Bull Hotel is a two-story, corner-located building situated in the heart of town. Constructed from brick with a tiled roof, this property features painted elevations that give it a classic aesthetic. Throughout its history, the hotel has undergone several extensions, expanding its public accommodation and enhancing its overall appeal. This property presents a unique opportunity for renovation and investment. With the potential for alternative uses, subject to planning permission, buyers can explore various avenues for redevelopment or reimagining the space to meet current market demands. Its central location offers easy access to local amenities, making it an attractive option for future ventures. Investors and developers looking for a project with strong potential should consider the Bull Hotel as a canvas for transformation. With creativity and vision, this property can be adapted to serve new purposes while preserving its historical charm.

Investment Analysis

(NR21 area)
Area Average
£293/sq ft
Avg Rent (weekly)
£223
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
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

E-218358 - Bull Hotel, 41 Bridge Street, Fakenham NR21 9AG
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 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