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School Lane, Little Melton

East of England

£700,000
Listed on 17/10/2025

Property Details

Bedrooms
6
Type
Detached house
Area
2809 sqft

Description

This spacious six-bedroom period residence is situated on an expansive approximately 0.4-acre plot, presenting significant renovation and investment opportunities. The property features an inviting kitchen/diner, complemented by several reception areas including a lounge, sitting room, and a study/office—two of which are enhanced by attractive feature fireplaces that contribute to the home's inherent charm. Outside, the property showcases a generous amount of outdoor space ideal for various uses. The south-facing front yard is framed by a well-preserved period façade and includes a driveway that can accommodate multiple vehicles. Notably, there are several outbuildings—including cart sheds and wood stores—that offer promising conversion potential (subject to planning permission), making them suitable for transforming into additional living spaces or home offices. Two of these outbuildings are already equipped with power and lighting. The rear garden is extensive and beautifully landscaped with mature planting, a pond, vegetable patches, and a patio area perfect for outdoor relaxation. This natural setting not only enhances the property's appeal but also provides ample room for gardening enthusiasts or those looking to create an outdoor retreat. Situated in Little Melton—a picturesque village just 2.5 miles from Hethersett and 5 miles west of Norwich—this property benefits from being part of a community known for its friendly atmosphere and local amenities. Residents can enjoy easy access to essential services such as shops, schools, and commuter links while still embracing the tranquillity of rural living. Proximity to significant local employers like the Norfolk and Norwich University Hospital as well as the University of East Anglia adds to its attractiveness for families and professionals alike. This residence offers a unique chance for buyers seeking both character and versatility in their next home while providing potential for future improvements or expansion.

Investment Analysis

(NR9 area)

Below Market Value

This property is priced -20.9% below area average per sq ft

-20.9%
Potential saving
This Property
£249/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£269
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£973,936
10% above area average per sq ft
Potential ROI
+18.8%
After renovation
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 (NR9)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -1.4%
5 year growth: 11.8%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 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