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Barnham Broom Road

East of England

£450,000
Listed on 03/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2178 sqft

Description

This detached four-bedroom family home, complemented by a self-contained one-bedroom annex, presents a unique opportunity for renovation and investment. Nestled within walking distance of Wymondham Town Centre, the property features a generous layout that is ready for modernization, making it an ideal candidate for those looking to add personal touches or increase market value. The main residence boasts spacious living areas, including a welcoming entrance hall, cloakroom/WC, and a bright lounge that flows into the dining room. A conservatory extends the living space and overlooks the private rear garden, while the large kitchen/breakfast room is well-equipped for family meals. Additionally, there’s a dedicated study perfect for remote work. Upstairs, four bedrooms await, featuring a main bedroom with an en suite shower room, along with a family bathroom servicing the other rooms. The self-sufficient one-bedroom annex adds considerable versatility to this property. With its own private entrance, it includes a sizable bedroom and wet room, plus access to a utility room that can be shared with the main house. This configuration not only supports multi-generational living but also offers potential rental income or guest accommodation. Outside, the property sits on a quiet loke consisting of just three homes. A driveway leads to the partially converted garage providing both storage and parking options. The enclosed rear garden features mature shrubs and lawn areas—an inviting space that could benefit greatly from landscaping updates. Situated in Wymondham—an historic market town just 10 miles from Norwich—this home enjoys access to quality schooling options like Wymondham College with its 'outstanding' Ofsted rating. Residents will find convenience in nearby supermarkets such as Waitrose along with local shops and services. Excellent transport links are available via bus routes and the railway station offering direct connections to Norwich, Ely, Cambridge, and beyond. With no onward chain and clear potential for enhancement through renovation, this property stands out as an intriguing investment opportunity in a sought-after location.

Investment Analysis

(NR18 area)

Below Market Value

This property is priced -35.2% below area average per sq ft

-35.2%
Potential saving
This Property
£207/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£267
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£763,781
10% above area average per sq ft
Potential ROI
+55.9%
After renovation
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
13%
Properties sold annually

Local Market Trend (NR18)

Area prices are falling by +3.4% over the last 12 months
3 year growth: -4.1%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on NR18 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

Barnham Broom Road
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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
£1,648
Based on a loan of £337,500 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