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Abbey Close, Sheringham

East of England

£475,000
Listed on 03/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1763 sqft

Description

Situated in a desirable cul-de-sac just south of the town center, this detached chalet-style home presents an excellent renovation opportunity. The property features four bedrooms and is well-proportioned, allowing for flexible living arrangements. While the home has been maintained with gas fired central heating and sealed unit glazing throughout, modern updates could enhance its appeal and functionality. The welcoming entrance porch leads to a spacious hall with access to the first floor. A cloakroom nearby offers convenience for guests. The lounge/dining area is bright and airy, benefiting from windows on three sides and French doors that open to the south-facing garden—ideal for entertaining or enjoying warm afternoons. On the ground floor, you will also find a versatile bedroom that can serve as a dining room or office space, along with another bedroom featuring built-in storage solutions. The kitchen, equipped with essential appliances and a cozy layout, opens directly to the rear garden. Upstairs, two additional bedrooms provide ample space for family or guests, while a bathroom and separate WC add practicality to the layout. The property's external features include an attached double garage with twin doors and additional off-road parking provided by a brickweave driveway. Established shrubs enhance privacy around the front and side gardens, leading to a back garden that offers potential for landscaping or outdoor leisure activities. With proximity to local amenities and green spaces, this home not only represents an inviting living environment but also holds significant investment potential in a sought-after location. Whether you are looking to modernize for personal use or considering it as a rental opportunity, this property provides a solid foundation for future enhancement.

Investment Analysis

(NR26 area)

Below Market Value

This property is priced -20.2% below area average per sq ft

-20.2%
Potential saving
This Property
£269/sq ft
Area Average
£338/sq ft
Avg Rent (weekly)
£222
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£654,902
10% above area average per sq ft
Potential ROI
+24.7%
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

Abbey Close, 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
£1,740
Based on a loan of £356,250 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