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Church Lanes, Fakenham

East of England

£155,000
Listed on 26/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This charming two-bedroom cottage is set in the desirable market town of Fakenham, just a short stroll from the vibrant town centre and local amenities. The property comprises a comfortable lounge with a feature fireplace, a separate dining room, and a fitted kitchen that provides ample space for potential upgrades. A convenient ground-floor bathroom completes the lower level, while upstairs you will find two spacious bedrooms that could benefit from modernisation. With its prime location and character, this cottage offers an excellent opportunity for first-time buyers or investors looking to enter the rental market. The rear garden presents further possibilities for enhancement or outdoor living spaces. Given some cosmetic updates and improvements, there is significant potential to increase both personal comfort and property value.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Church Lanes, Fakenham
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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
£568
Based on a loan of £116,250 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