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Grimston Road, South Wootton

East of England

£400,000
Listed on 31/07/2025

Property Details

Bedrooms
5
Type
Detached Bungalow
Area
1361 sqft

Description

This impressive detached bungalow on Grimston Road presents a remarkable opportunity for renovation and investment. Nestled on a generous plot of nearly one-third of an acre, the property is perfectly located across from open fields, offering privacy and a desirable setting for families or individuals looking to craft their ideal residence. Upon entering, you are greeted by a spacious 32ft hallway that conveys the home's generous proportions. The layout features living spaces strategically located at the rear to maximize views of the expansive garden. While the living room serves as a comfortable retreat, the adjoining formal dining area is perfect for gatherings, with a well-equipped kitchen that boasts ample workspace for culinary enthusiasts. With five sizeable double bedrooms, this property can accommodate various needs—from guest rooms to home offices or studios—providing flexibility in usage. A four-piece family bathroom and separate cloakroom enhance convenience for both residents and visitors. The south-facing rear garden, extending nearly 200ft, is a standout feature that offers tranquility and potential for outdoor entertainment or gardening pursuits. Its established landscaping adds charm while presenting opportunities for further development or enhancement. For those envisioning future possibilities, this bungalow has significant potential for extension (subject to planning approval), whether through outward expansion or converting loft space to create additional bedrooms and capitalize on countryside views. Conveniently situated near local amenities and with easy access to King's Lynn and surrounding areas, this unique home combines size, seclusion, and an excellent scope for personalization. It’s an opportunity you won’t want to miss.

Investment Analysis

(PE30 area)

Above Market Value

This property is priced +21.6% above area average per sq ft

+21.6%
This Property
£294/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£55,000 - £85,000
Target Value
£361,774
10% above area average per sq ft
Potential ROI
-25.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE30)

Area prices are falling by -4.1% over the last 12 months
3 year growth: +2.2%
5 year growth: +12.5%
Investment Disclaimer: Analysis based on PE30 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

Grimston Road, South Wootton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,417
Based on a loan of £300,000 over 30 years at 3.91% 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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