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Elm Close, North Elmham

East of England

£190,000
Listed on 07/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
872 sqft

Description

This two-bedroom detached bungalow presents a unique opportunity for renovation and investment within the desirable village of North Elmham. Nestled at the end of a peaceful cul-de-sac, the property is set on a generous plot featuring expansive front and rear gardens, perfect for outdoor enthusiasts or those looking to enhance their living space. Additionally, an en-bloc garage and ample parking ensure convenience in this tranquil setting. Internally, the layout includes a spacious sitting room that offers potential for reconfiguration, as well as a kitchen and a bright conservatory that overlooks the garden. These areas provide a solid foundation for modern updates and personal touches. The inner hallway connects to two well-sized bedrooms and a bathroom, all of which are ripe for modernization. This bungalow serves as an excellent blank canvas for buyers eager to create their ideal home. Located just moments from local amenities—including shops, a post office, and a pub—North Elmham fosters a strong sense of community while surrounded by picturesque countryside, ideal for outdoor activities and leisurely walks. The property benefits from good transport links to nearby towns such as Dereham and Fakenham, making it suitable for both families and retirees seeking accessibility without sacrificing rural charm. Properties like this one are seldom available in such a sought-after area; thus, it represents an outstanding chance to invest in a home in one of North Elmham's established neighborhoods. With proximity to reputable schools and recreational facilities, this location is well-suited for various lifestyles. The bungalow’s single-storey design enhances its appeal for those seeking easy living amidst serene surroundings. Early viewing is essential to fully appreciate the potential of this property along with the expansive outdoor space it offers.

Investment Analysis

(NR20 area)

Below Market Value

This property is priced -24.5% below area average per sq ft

-24.5%
Potential saving
This Property
£218/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£276,681
10% above area average per sq ft
Potential ROI
+25.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR20)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -2.9%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on NR20 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

Elm Close, North Elmham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£696
Based on a loan of £142,500 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.

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