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The Green, Gressenhall

East of England

£190,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
746 sqft

Description

This 2-bedroom semi-detached cottage presents a unique opportunity for those looking to invest in a property with renovation potential in the picturesque village of Gressenhall. The home, set within a tranquil area known for its charming character and community spirit, serves as a blank slate, ready for personalization and enhancement. The property is conveniently offered with no onward chain, allowing for a straightforward purchase process. With planning permission potentially obtainable for extensions, there’s an exciting prospect for expanding living space or enhancing the current layout to better suit your needs. The existing versatile living areas feature plenty of natural light and period details that can be highlighted or modernized according to your vision. Situated on The Green, this cottage benefits from off-road parking space for two vehicles. As you enter, the inviting lounge features a front-facing window that bathes the room in sunlight and boasts a feature fireplace, adding warmth and character. The spacious kitchen/dining area provides access to both the first floor and a rear hall leading to an essential three-piece bathroom and access to the rear garden. On the upper level, you'll find two generously proportioned bedrooms; the main bedroom includes a period fireplace and built-in storage, balancing functionality with historic charm. The outdoor space is enclosed, providing privacy and potential for landscape improvements or garden projects tailored to your lifestyle. A storage shed complements this area, ensuring practicality while inviting you to dream about future transformations. Located just three miles from Dereham—close enough for convenient shopping yet far enough to enjoy rural tranquility—Gressenhall is steeped in history and offers various amenities including a primary school, village shop, and pub. The proximity to scenic walks and Gressenhall Farm and Workhouse museum enhances its appeal as an investment in both leisure and lifestyle. This property represents not only a place to call home but also an exciting opportunity for those looking to add value through renovations in one of Norfolk's most charming communities.

Investment Analysis

(NR20 area)

Below Market Value

This property is priced -11.7% below area average per sq ft

-11.7%
Potential saving
This Property
£255/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£236,702
10% above area average per sq ft
Potential ROI
+12.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR20)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -2.9%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on NR20 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

The Green, Gressenhall
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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
£696
Based on a loan of £142,500 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