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Back Lane, Castle Acre

East of England

£230,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
926 sqft

Description

Located in the charming and historic village of Castle Acre, this detached bungalow presents a unique opportunity for cash buyers looking to invest in a property with significant potential for renovation. The bungalow comprises three bedrooms, a lounge/dining room, a kitchen with utility space, and a shower room, all of which could benefit from modernisation to enhance both functionality and aesthetic appeal. Outside, you'll find generous gardens, ample parking space, and a large garage/workshop that offers additional options for redevelopment or expansion. The non-standard construction provides an exciting challenge for those seeking to create a bespoke living space. The surrounding area boasts picturesque countryside ideal for outdoor activities and is conveniently close to North Norfolk’s beautiful coastline. With its historical significance and community amenities such as local shops and pubs, this property is well-positioned for someone who wishes to craft their dream home while enjoying village life.

Investment Analysis

(PE32 area)

Below Market Value

This property is priced -13.2% below area average per sq ft

-13.2%
Potential saving
This Property
£248/sq ft
Area Average
£286/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£291,320
10% above area average per sq ft
Potential ROI
+0.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE32)

Area prices are falling by +3.8% over the last 12 months
3 year growth: -5.9%
5 year growth: 8.0%
Investment Disclaimer: Analysis based on PE32 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

Back Lane, Castle Acre
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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
£843
Based on a loan of £172,500 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