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School Lane, Little Melton

East of England

£699,000
Listed on 29/12/2025

Property Details

Bedrooms
6
Type
Detached house
Area
2809 sqft

Description

This substantial period home, situated on a generous south-facing plot of approximately 0.4 acres, presents a unique opportunity for investors or those looking to create their dream residence. The property features an expansive kitchen/diner alongside multiple reception areas, including a lounge and sitting room, both adorned with charming feature fireplaces that enhance the character throughout. Notably, this home offers considerable renovation potential, especially with its outbuildings that are primed for conversion (subject to planning permission). These spaces could serve as additional living quarters or creative studios. The extensive rear garden includes mature plantings and designated areas for growing vegetables, making it a self-sustaining oasis. Located in the well-connected village of Little Melton, this property is close to local amenities and employment hubs while maintaining a peaceful rural atmosphere, offering both lifestyle and investment appeal.

Investment Analysis

(NR9 area)

Below Market Value

This property is priced -20.3% below area average per sq ft

-20.3%
Potential saving
This Property
£249/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£281
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£964,667
10% above area average per sq ft
Potential ROI
+27.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (NR9)

Area prices are falling by -2.6% over the last 12 months
3 year growth: -3.4%
5 year growth: +5.6%
Investment Disclaimer: Analysis based on NR9 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

School Lane, Little Melton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,521
Based on a loan of £524,250 over 30 years at 4.06% 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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