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The Street, Hempstead

East of England

£450,000
Listed on 10/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1637 sqft

Description

This property is a spacious detached bungalow set on approximately 1 acre of mature private grounds, offering considerable renovation and investment potential. The layout currently includes an entrance hall that connects to a generous sitting room measuring 22 feet, along with a light-filled garden room. The kitchen and dining area span an impressive 25 feet and provide ample space for dining and entertaining. Additional features include a utility room, study, cloakroom, three double bedrooms, a family bathroom, and a separate shower room. The property benefits from UPVC windows and doors as well as oil-fired central heating. The exterior is defined by its expansive grounds, which include well-established lawns and various mature trees, providing both privacy and potential for landscaping enhancements. A double garage offers additional storage or the opportunity for conversion into usable living space if desired. The gravel driveway leads directly to the property, ensuring convenience for both residents and visitors. Located in Hempstead, this bungalow sits within an unspoiled village environment about 2 miles from Holt. Here, you can enjoy scenic rural walks and cycling routes right at your doorstep. Local amenities include the renowned Pigs pub at Edgefield known for its quality food offerings and the historic Baconsthorpe Castle nearby. Situated just a short drive from the North Norfolk coastline—where charming locations like Salthouse and Morston await—this area combines tranquil village life with easy access to larger towns. Holt itself is characterized by its boutique shops and personal services alongside reputable educational institutions such as Gresham's Public Schools. Accessibility is also a highlight of this location; regular bus services connect to nearby towns while King's Lynn and Norwich offer direct rail links to London and Cambridge. Overall, this property presents an excellent opportunity for those looking to invest in a home that marries potential with picturesque surroundings while providing the comforts of modern living amidst historical charm.

Investment Analysis

(NR25 area)

Below Market Value

This property is priced -30.1% below area average per sq ft

-30.1%
Potential saving
This Property
£275/sq ft
Area Average
£393/sq ft
Avg Rent (weekly)
£324
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£708,215
10% above area average per sq ft
Potential ROI
+44.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (NR25)

Area prices are falling by -14.7% over the last 12 months
3 year growth: -20.8%
5 year growth: -3.1%
Investment Disclaimer: Analysis based on NR25 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 Street, Hempstead
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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
£1,623
Based on a loan of £337,500 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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