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High Street, Reepham, LN3

East Midlands

£550,000
Listed on 26/02/2026

Property Details

Bedrooms
6
Type
Detached house

Description

This impressive period property offers a unique opportunity for renovation enthusiasts and investors alike, featuring a substantial 4-bedroom main house alongside an attached 2-bedroom cottage. Set in a desirable village within the East Midlands, this extensive site includes a large rear garden and various outbuildings such as barns and garages, presenting excellent potential for redevelopment or multi-use applications. The primary residence, while rich in character and original features, requires modernisation to maximize its living space. With two inviting reception areas and a traditional farmhouse kitchen complete with a pantry, the ground floor is also home to a practical bathroom and separate WC. The upper level features an unconventional layout with two separate staircases leading to four well-sized bedrooms, each offering the potential for versatile family use or home office setups. The adjoining cottage has already been updated to modern standards, making it ideal for immediate rental income or as an annexe for extended family living. A spacious open-plan layout accommodates the living area, dining space, and contemporary kitchen along with two double bedrooms on the first floor. The extensive grounds host multiple outbuildings ripe for transformation; from workshops to potential additional dwellings or Airbnb units (subject to planning), the possibilities are vast. This property stands out as an exceptional investment opportunity capable of generating significant returns through renovation and development efforts.

Investment Analysis

(LN3 area)
Area Average
£245/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LN3)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -3.4%
5 year growth: +13.1%
Investment Disclaimer: Analysis based on LN3 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

High Street, Reepham, LN3
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,984
Based on a loan of £412,500 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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