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Pages Lane, Saham Toney

East of England

£1,000,000
Listed on 13/08/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for those looking to invest in a versatile development site, set within the tranquil village of Saham Toney. Located just a short drive from Watton town center, the site is easily accessible via major roadways, including Brandon Road and Swaffham Road, making it convenient for future residents. The land encompasses approximately 0.84 hectares (2.07 acres), offering a triangular plot that stands out due to its size and dimensions. While currently without planning permission, this site is included in the recently adopted Saham Toney Development Plan, which indicates potential for future development (subject to local planning regulations). The established development plan highlights the possibility of constructing multiple residential units, allowing investors the chance to create a bespoke project tailored to the needs of the community. Situated near essential amenities such as a primary school, local store, and public house enhances the attractiveness of this location for future developments. Additionally, the picturesque countryside views surrounding the property not only provide a pleasant environment but also add intrinsic value to any future homes built here. Access to the site is straightforward via Pound Hill, ensuring ease of entry for construction activities while benefiting from its quaint village setting. For those interested in pursuing this investment opportunity, an option agreement can be arranged at the buyer's expense with an initial non-refundable deposit. Overall, this property offers significant renovation and investment potential in a desirable location poised for growth and development.

Investment Analysis

(IP25 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP25)

Area prices are falling by +8.5% over the last 12 months
3 year growth: -7.2%
5 year growth: 11.2%
Investment Disclaimer: Analysis based on IP25 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

Pages Lane, Saham Toney
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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
£3,663
Based on a loan of £750,000 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