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Festival Road, Billingford

East of England

£245,000
Listed on 22/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached house in the rural village of Billingford presents a unique opportunity for renovation and investment. Its location offers a tranquil setting while being conveniently situated between the larger villages of Bawdeswell and North Elmham, both of which provide essential amenities and services. Upon entering the property, you are greeted by a small lobby that leads directly to the staircase. The layout includes a dining room that features an attractive archway connecting to the fitted kitchen, which boasts garden views through its windows. The spacious living room benefits from double aspect windows, allowing in plenty of natural light, creating a bright and inviting space. Adjacent to the main residence is a workshop and storage area, along with a WC, offering potential for further development or functional use as you customize the property to your taste. The exterior includes a front driveway with off-street parking for two vehicles along with a garden area landscaped with shingle and grass surrounded by hedges. In the rear, there is an expansive garden plot featuring a patio area, lawn, and an unused pond that could be revitalized into an attractive feature. Additional structures such as former aviaries and storage sheds present opportunities for creative landscaping or repurposing. This property is presented with no onward chain, making it easier for new owners to embark on their renovation journey without delay. Essential services including electric heating, mains water, drainage, and electricity are already connected. Billingford itself is ideally placed for local shops and schools found in nearby villages, while larger towns like Reepham and Dereham are within easy reach. This combination of location and potential makes this property an appealing option for those looking to invest in their future home or as an income-generating asset.

Investment Analysis

(NR20 area)
Area Average
£288/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR20)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -2.9%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on NR20 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

Festival Road, Billingford
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£897
Based on a loan of £183,750 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