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School Lane, Gimingham

East of England

£370,000
Listed on 12/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1392 sqft

Description

This detached bungalow in the serene village of Gimingham offers stunning elevated views of the North Norfolk countryside, presenting a unique opportunity for renovation and personalization. The property features a spacious sitting room with a classic brick fireplace, complemented by an adjoining conservatory that merges indoor and outdoor living. With three bedrooms, all newly carpeted, this home supports versatile family arrangements. The central hallway boasts attractive parquet flooring and grants access to both an integral garage and a practical shower room. While the kitchen is functional, it awaits modern upgrades, allowing the future owner to create a customized cooking space. Outdoors, the property shines with a charming decking area complete with a pergola, established fruit trees, and a well-tended lawn—perfect for year-round enjoyment. Situated close to both local amenities and the coast at Mundesley, this bungalow offers not only immediate comfort but also substantial potential for enhancement and value addition. With easy connectivity to Norwich and North Walsham, you’ll enjoy peaceful living without sacrificing convenience.

Investment Analysis

(NR11 area)

Below Market Value

This property is priced -15.8% below area average per sq ft

-15.8%
Potential saving
This Property
£266/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£252
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£483,094
10% above area average per sq ft
Potential ROI
+17.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
53%
Properties sold annually

Local Market Trend (NR11)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -6.5%
5 year growth: +10.3%
Investment Disclaimer: Analysis based on NR11 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

School Lane, Gimingham
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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
£1,334
Based on a loan of £277,500 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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