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The Street, Hempstead

East of England

£450,000
Listed on 22/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1637 sqft

Description

This detached bungalow, set on an expansive plot of approximately 1 acre, presents a compelling opportunity for renovation and investment in a tranquil village setting. While the property is currently equipped with essential features such as replacement UPVC windows and oil-fired central heating, it requires modernization throughout to reach its full potential. The spacious layout includes an entrance hall, a generous sitting room measuring 22 feet, a garden room that connects seamlessly to the outdoor space, and a sizable kitchen/diner that would benefit from contemporary updates. The accommodation also features three double bedrooms, two bathrooms, a utility room, study, and cloakroom. Outside, the property boasts mature gardens with various outbuildings including sheds and a double garage which could be repurposed or renovated. Located near Holt and the stunning North Norfolk coastline, this bungalow not only offers substantial living space but also various avenues for enhancing its value and usability—possibly even for equestrian purposes. Offered with no onward chain, this property stands ready for creative reinvention.

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)
£320
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£708,035
10% above area average per sq ft
Potential ROI
+36.2%
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
5%
Properties sold annually

Local Market Trend (NR25)

Area prices are falling by -9.6% over the last 12 months
3 year growth: -21.0%
5 year growth: -3.3%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,594
Based on a loan of £337,500 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.

Stamp Duty Calculator

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