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Wonderfully Positioned with Scope to Extend in Gressenhall

East of England

£300,000
Listed on 03/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
928 sqft

Description

Nestled in the tranquil village of Gressenhall, this three-bedroom detached bungalow presents an inviting opportunity for renovation enthusiasts. The property is set within expansive and mature gardens, providing a serene backdrop and potential for outdoor enhancements. Upon entering, you are greeted by a spacious hallway leading to a well-lit sitting room, where large windows offer picturesque views of the garden and a central fireplace adds a cozy touch. Although the kitchen is adequately equipped for immediate use, there is ample space for modernisation to enhance functionality and aesthetic appeal. The three bedrooms are generously sized, allowing flexibility for family life or remote working arrangements. The bathroom offers practicality but represents an area with considerable potential for updating to meet contemporary standards. The attractive gardens not only provide privacy but also present an ideal canvas for those looking to cultivate or entertain outdoors. With a detached garage and private driveway included, this property supports off-road parking while also offering additional storage solutions. Given the generous plot size, opportunities may exist for extensions or reconfigurations (subject to necessary planning permissions). Gressenhall itself boasts a vibrant community atmosphere and is surrounded by beautiful countryside landscapes. Just a short drive from Dereham's amenities and with easy access to the A47 towards Norwich, this property combines peaceful living with convenient travel links, making it an excellent investment prospect in both lifestyle and value.

Investment Analysis

(NR20 area)

Above Market Value

This property is priced +11.2% above area average per sq ft

+11.2%
This Property
£323/sq ft
Area Average
£291/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£296,798
10% above area average per sq ft
Potential ROI
-11.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
63%
Properties sold annually

Local Market Trend (NR20)

Area prices are stable by -0.8% over the last 12 months
3 year growth: -2.9%
5 year growth: +9.2%
Investment Disclaimer: Analysis based on NR20 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

Wonderfully Positioned with Scope to Extend in Gressenhall
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 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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