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School Lane, Little Melton

East of England

£300,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
721 sqft

Description

This detached bungalow presents a solid opportunity for renovation and investment, featuring a flexible layout that suits those interested in single-storey living. With two bedrooms and a sizable lounge complementing a separate dining area, the property offers ample space that can be customized to meet modern tastes and preferences. A shower room is also included, providing essential facilities while allowing for updates or expansions. The outdoor space is equally appealing, set on a generous plot with a welcoming front garden alongside a driveway that leads to the detached garage. The rear garden is fully enclosed, offering privacy and potential for enhancement—ideal for landscaping projects or creating an outdoor entertaining area. The garage itself has power and light fittings, and there’s additional potential for a workshop setup at the rear, making this property attractive to hobbyists or those needing extra storage. Located in the desirable village of Little Melton, residents benefit from proximity to local amenities while enjoying easy access to larger towns such as Hethersett and Norwich. The village boasts a strong community feel, complete with charming cottages and schools that appeal to families. Additionally, its location near key institutions like the Norfolk and Norwich University Hospital and the UEA makes it an appealing choice for professionals seeking convenience alongside rural tranquility. This bungalow not only provides immediate comfort but also offers significant potential for future enhancements, whether through renovations that increase living space or improvements that enhance outdoor areas. For investors looking to capitalize on growing demand in this sought-after area, this property represents an excellent opportunity to transform an existing home into something truly special.

Investment Analysis

(NR9 area)

Above Market Value

This property is priced +32.0% above area average per sq ft

+32.0%
This Property
£416/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£269
Avg Yield
3.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£249,985
10% above area average per sq ft
Potential ROI
-23.1%
After renovation
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

School Lane, Little Melton
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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
£1,099
Based on a loan of £225,000 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