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Long Stratton Road, Forncett St Peter

East of England

£325,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1252 sqft

Description

This semi-detached period home offers a unique opportunity for renovation enthusiasts or investors looking to enhance a character property in a picturesque rural setting. The house boasts three bedrooms and features spacious living areas that can be adapted to suit various needs. The kitchen/diner presents potential for modern upgrades, allowing you to create an inviting space perfect for both cooking and entertaining. Set on approximately 0.12 acres, the property includes a generous gated driveway, providing off-road parking for multiple vehicles. The expansive rear garden is well-maintained and features mature borders with vibrant plants, as well as a patio area suited for outdoor dining and relaxation. Additionally, gardening enthusiasts will appreciate the existing shed and raised vegetable beds that lend themselves well to cultivation. This outdoor space provides ample opportunities for landscaping, gardening projects, or even creating an outdoor entertaining area. Located in Forncett St Peter, this home benefits from its tranquil village atmosphere while still being within easy reach of essential amenities in nearby towns such as Long Stratton and Wymondham. Families will find well-regarded schools and local services accessible in surrounding villages, making it an attractive option for those seeking a family-oriented community. Commuters will appreciate the proximity to major transport routes like the A140 and A11, facilitating travel to Norwich and beyond. The property is being offered with no onward chain, allowing for a straightforward purchasing process. With its blend of traditional charm and potential for modernization, this home represents an excellent investment opportunity in a serene countryside location.

Investment Analysis

(NR16 area)

Below Market Value

This property is priced -14.3% below area average per sq ft

-14.3%
Potential saving
This Property
£260/sq ft
Area Average
£303/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£417,223
10% above area average per sq ft
Potential ROI
+17.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR16)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -4.6%
5 year growth: 12.3%
Investment Disclaimer: Analysis based on NR16 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

Long Stratton Road, Forncett St Peter
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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
£1,191
Based on a loan of £243,750 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