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Well Creek Road, Outwell, PE14

East of England

£250,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1636 sqft

Description

Nestled in the quaint village of Outwell, this detached three-bedroom house offers a prime investment opportunity for those eager to create their dream riverside residence. Positioned alongside the tranquil Well Creek River, this property is ripe for renovation, needing comprehensive work to breathe new life into its traditional charm. The house features a spacious interior layout with three generous bedrooms and multiple reception areas, including a bright conservatory that opens onto the established gardens, enhancing the potential for indoor-outdoor living. With repair and modernisation required throughout, buyers can customize this space fully to their tastes. The mature gardens provide stunning views of the river while ensuring privacy, complemented by practical amenities such as a garage and off-road parking. This property is presented with no upward chain, facilitating an uncomplicated purchase process for those ready to embark on a rewarding renovation project in one of Norfolk's scenic villages.

Investment Analysis

(PE14 area)

Below Market Value

This property is priced -35.9% below area average per sq ft

-35.9%
Potential saving
This Property
£153/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£238
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£429,205
10% above area average per sq ft
Potential ROI
+26.2%
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
20%
Properties sold annually

Local Market Trend (PE14)

Area prices are rising by +6.6% over the last 12 months
3 year growth: -1.0%
5 year growth: +19.6%
Investment Disclaimer: Analysis based on PE14 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

Well Creek Road, Outwell, PE14
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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
£902
Based on a loan of £187,500 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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