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Churchill Crescent, Sheringham

East of England

£425,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1686 sqft

Description

This detached chalet bungalow presents a unique opportunity for those seeking a property with significant renovation and investment potential. Nestled on the western fringes of town, the home is conveniently located near local amenities, including the nearby high school, making it an appealing choice for families or individuals looking to establish roots in a well-connected area. The house occupies a generous plot that features both front and rear gardens, creating an inviting outdoor space for gardening enthusiasts. While the interior would benefit from modernization, it offers a solid foundation with gas central heating and many windows already replaced with UPVC sealed units. This aspect highlights its potential for upgrades that could significantly enhance both comfort and value. Entering through the UPVC porch, you’ll find an entrance hall leading to various living spaces. The large lounge/dining room is filled with natural light thanks to its front and rear windows, providing an excellent starting point for reimagining the layout. Adjacent to this space is a garden room that opens directly into the backyard, perfect for enjoying sunny days or as a flexible space for hobbies. The kitchen contains functional cabinetry and essential appliances but would benefit from modern touches that align with contemporary tastes. With ample room to expand or redesign, it holds promise for creating a culinary centerpiece in the home. Two bedrooms are situated on the first floor, both equipped with built-in wardrobes and access to eaves storage—ideal considerations for maximizing space utilization. The main bathroom includes necessary fixtures and has been partially updated but presents opportunities for further enhancement. Externally, the property boasts an attached double garage with an electric roller door and additional off-road parking via a resin-bound driveway. The extensive rear garden is fully enclosed, ensuring privacy while offering plenty of scope for landscaping or outdoor projects. This property is freehold and benefits from all mains services connected. While there’s room for improvement in terms of aesthetics and functionality, this bungalow's location, combined with its size and garden space, makes it an enticing prospect for buyers looking to invest in a home they can tailor to their needs over time.

Investment Analysis

(NR26 area)

Below Market Value

This property is priced -25.4% below area average per sq ft

-25.4%
Potential saving
This Property
£252/sq ft
Area Average
£338/sq ft
Avg Rent (weekly)
£222
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£626,298
10% above area average per sq ft
Potential ROI
+34.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR26)

Area prices are falling by +5.2% over the last 12 months
3 year growth: -2.5%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on NR26 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

Churchill Crescent, Sheringham
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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
£1,557
Based on a loan of £318,750 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