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Kings Head Terrace, Fakenham Road, Lenwade - Image 9
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Kings Head Terrace, Fakenham Road, Lenwade

East of England

£325,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Situated in the well-connected village of Lenwade, this three-bedroom detached bungalow offers a promising canvas for buyers interested in renovation and investment opportunities. The property is approached via a substantial private driveway that not only leads to convenient off-road parking but also includes a detached garage, enhancing its appeal as a practical family home. Inside, the bungalow features a spacious lounge characterized by an open fireplace, which serves both as a charming focal point and potential area for modern updates. The kitchen/diner is thoughtfully designed to accommodate everyday living and family gatherings, providing views over the expansive rear garden—a perfect spot for future landscaping or outdoor enhancements. The accommodation includes three well-proportioned double bedrooms that offer versatility; they can easily serve as guest rooms, home offices, or creative spaces. A bathroom and separate toilet complete the interior, both of which present opportunities for modernization while remaining functional in their current state. The exterior of the property further enhances its potential. The generous rear garden offers ample room for outdoor activities and gardening projects, alongside two outbuildings that could be repurposed for storage or transformed into workspaces or studios. Moreover, the overall plot size suggests possibilities for extension, pending planning permissions. Lenwade itself is a welcoming Norfolk village with essential amenities such as a convenience store, post office, primary school, and local pub. With regular bus services and proximity to major transport links connecting to Norwich and Fakenham, it’s an attractive option for commuters and families alike. Outdoor enthusiasts will appreciate the nearby River Wensum and local attractions like Roarr! Dinosaur Adventure. This property stands out as an exceptional opportunity for those looking to invest in real estate with significant potential for improvement in a desirable location. Early viewing is advisable to explore all that this spacious bungalow has to offer.

Investment Analysis

(NR9 area)
Area Average
£315/sq ft
Avg Rent (weekly)
£269
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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
10%
Properties sold annually

Local Market Trend (NR9)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -1.4%
5 year growth: 11.8%
Investment Disclaimer: Analysis based on NR9 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

Kings Head Terrace, Fakenham Road, Lenwade
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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
£1,191
Based on a loan of £243,750 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