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The Green, Banham

East of England

£475,000

Listed on 29/12/2025

Property details

Bedrooms
4
Type
Detached
Area
3922 sqft

Description

This is a unique opportunity to acquire a combined business and residential property in the charming village of Banham, Norfolk. This Grade II listed building features a well-established post office and retail shop alongside a spacious family dwelling, all set on a generous plot with significant redevelopment potential. With approximately 3,922 sq ft of usable space, the property includes retail, postal services, living quarters, and additional storage areas. The post office enjoys high foot traffic from both locals and tourists visiting nearby attractions like Banham Zoo, making it a valuable community asset with no local competition. The current owners have successfully operated this business since 2010, and it benefits from rural business rate exemptions. The commercial space comprises a bright retail area complemented by an internal storage room that could be repurposed for additional retail or office use. There's also access to a cobbled cellar that could enhance storage capabilities. The adjoining residence boasts 3 to 4 bedrooms with the potential for attic conversion to create extra living space or rooms suited for home offices or recreation. The sizeable courtyard at the rear provides opportunities for parking or private enjoyment, while the outbuildings present avenues for conversion into further living spaces or dedicated work environments (subject to planning permission). Overall, this property showcases remarkable versatility along with character, making it an appealing investment for those looking to expand both residential and business prospects.

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Investment analysis

(NR16 area)

Below Market Value

This property is priced -59.3% below area average per sq ft

-59.3%
Potential saving
This Property
£121/sq ft
Area Average
£298/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,285,200
10% above area average per sq ft
Potential ROI
+127.5%
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
8%
Properties sold annually

Local Market Trend (NR16)

Area prices are falling by -4.1% over the last 12 months
3 year growth: -9.8%
5 year growth: -3.5%
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

The Green, Banham
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,794
Based on a loan of £356,250 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-4.0% since listed
£475,000£20,000(-4.0%)
16/01/2026
Current price
£495,000Initial listing
02/10/2025

Next Steps

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