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Lancaster Crescent, Downham Market, PE38 - Image 1
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Lancaster Crescent, Downham Market, PE38

East of England

£160,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

Nestled at the end of a tranquil cul-de-sac, this two-bedroom end-terrace property is conveniently located just a short five-minute walk from the bustling town center. This setting not only provides a quiet atmosphere but also offers easy access to local amenities, making it an ideal spot for potential homeowners or investors seeking renovation opportunities. Upon entering, you'll find a spacious lounge-diner that spans the length of the home, presenting ample space for relaxation and social gatherings. The adjacent kitchen, which connects directly to the rear garden, opens up possibilities for creating an inviting open-plan living space with modern updates. The layout encourages creativity, allowing you to envision a refreshed design tailored to your preferences. Upstairs boasts two well-sized bedrooms equipped with built-in wardrobes. The main bedroom benefits from dual-aspect windows that invite plenty of natural light, creating a warm and airy environment. A functional wet room serves the upper floor and presents an opportunity for an upgrade to enhance its appeal further. The low-maintenance rear garden is predominantly laid to shingle and features a charming pergola over the patio area, perfect for alfresco dining or enjoying quiet evenings outdoors. Additional storage options are available with two wooden sheds and a brick-built outbuilding, while side access ensures convenience when moving items in and out. This property's overall condition makes it suitable for those looking to personalize their living space or tap into its investment potential within a serene yet accessible location. Whether you're embarking on your journey as a first-time buyer or exploring an investment opportunity, this home invites you to unlock its full potential and create your dream environment.

Investment Analysis

(PE38 area)
Area Average
£268/sq ft
Avg Rent (weekly)
£225
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE38)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 5.9%
5 year growth: 22.2%
Investment Disclaimer: Analysis based on PE38 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

Lancaster Crescent, Downham Market, PE38
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE