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Chestnut Grove, Sheringham

East of England

£350,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1300 sqft

Description

Situated in a peaceful cul-de-sac, this well-sized detached bungalow features three bedrooms and two reception areas, alongside a conservatory that overlooks the rear garden. Although the property is currently in need of some modernization, its layout offers considerable renovation potential for those looking to add their personal touch or increase equity. Upon entering, you’re greeted by an entrance hall with parquet flooring and ample storage options, including built-in cupboards. The living area is spacious and filled with natural light from an oriel bay window and an additional side window. This room flows seamlessly into a dining area that benefits from patio doors leading to the conservatory—an ideal space for enjoying views of the garden year-round. The kitchen offers practicality with oak-faced cabinets, a range of appliances including an electric hob and oven, as well as space for additional utilities like a dishwasher. With a little updating, it could transform into a modern cooking space tailored to your needs. The three bedrooms provide flexibility for both family living and potential office space. Each room features built-in storage solutions, ensuring efficient use of space. The shower room offers essential amenities along with an additional separate W.C., while the property’s heating is efficiently managed via gas central heating. Outdoor spaces include a brick-weave driveway leading to an attached garage equipped with useful provisions for laundry appliances. The front garden requires minimal maintenance and features mature shrubs, while the secure rear garden presents opportunities for landscaping or gardening projects. Conveniently located about a mile from the town center, residents have access to essential bus and rail services as well as nearby convenience stores. This bungalow not only provides comfortable living but also represents an appealing investment opportunity in a desirable location where value can be enhanced through thoughtful renovations.

Investment Analysis

(NR26 area)

Below Market Value

This property is priced -20.3% below area average per sq ft

-20.3%
Potential saving
This Property
£269/sq ft
Area Average
£338/sq ft
Avg Rent (weekly)
£222
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£482,911
10% above area average per sq ft
Potential ROI
+25.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR26)

Area prices are falling by +5.2% over the last 12 months
3 year growth: -2.5%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on NR26 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

Chestnut Grove, Sheringham
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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
£1,282
Based on a loan of £262,500 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