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Land Off Fen Street, Fen Street, Old Buckenham, Attleborough, Norfolk, NR17 1SR - Image 1
Land Off Fen Street, Fen Street, Old Buckenham, Attleborough, Norfolk, NR17 1SR - Image 2
Land Off Fen Street, Fen Street, Old Buckenham, Attleborough, Norfolk, NR17 1SR - Image 3
Land Off Fen Street, Fen Street, Old Buckenham, Attleborough, Norfolk, NR17 1SR - Image 4

Land Off Fen Street, Fen Street, Old Buckenham, Attleborough, Norfolk, NR17 1SR

East of England

£315,000
Listed on 03/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This parcel of arable land presents a solid opportunity for investors and developers looking to capitalize on potential growth in the region. Comprising two fields, the total area spans approximately 31.53 acres, known for its productive capacity and good access. The land is classified as Grade 3 quality, recognized by the Soil Survey of England & Wales as part of the Burlingham 1 Series, characterized by deep coarse and fine loamy soils. This makes it well-suited for a variety of agricultural endeavors, including cereals, peas, beans, and sugar beet. Located just west of Old Buckenham village center, the property benefits from its proximity to essential amenities and accessibility to towns such as Attleborough (about 4 miles away) and Norwich (approximately 20 miles away). This strategic position not only supports agricultural use but also hints at long-term development potential, particularly subject to planning permissions that may arise in the future. The property has been actively farmed in recent years with a varied cropping history that includes winter wheat and spring barley among others. Given its quality and location, it stands as an attractive prospect for those considering diversification into either further agricultural use or alternative developments. The sale is structured as a freehold transaction with vacant possession upon completion. It includes an overage agreement that allows for a share of any uplift in value if there is a change of use from agriculture within a 30-year period. This stipulation underscores the investment potential and provides an avenue for future financial gain. Viewing appointments can be arranged through the selling agents to fully appreciate this unique offering in today’s market.

Investment Analysis

(NR17 area)
Area Average
£298/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR17)

Area prices are falling by +5.1% over the last 12 months
3 year growth: -1.6%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on NR17 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

Land Off Fen Street, Fen Street, Old Buckenham, Attleborough, Norfolk, NR17 1SR
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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
£1,154
Based on a loan of £236,250 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