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Queens Close, Wereham, King's Lynn

East of England

£125,000
Listed on 31/10/2025

Property Details

Bedrooms
1
Type
Terraced house

Description

This one-bedroom mid-terraced bungalow in the idyllic village of Wereham presents a promising opportunity for renovation and investment. With no onward chain, it offers a straightforward transition for those looking to explore its potential. Nestled in a charming community, Wereham features essential amenities, including a local pub, village hall, and picturesque pond, while still providing easy access to the nearby market town of Downham Market. This location benefits from good transport links, including mainline rail service to Ely, Cambridge, and London Kings Cross, making it ideal for commuters or those seeking a tranquil retreat with connectivity. Inside, the bungalow boasts well-proportioned living spaces that are ready for modernization. The layout includes a spacious lounge, an ample bedroom with views of the garden, and a wet room that could be updated to current standards. The kitchen area offers significant scope for reimagining according to personal taste and functional needs. Outside, off-road parking is available for two vehicles on a gravelled driveway. The fully enclosed rear garden is primarily laid to lawn, offering a blank slate for landscaping or gardening enthusiasts to create an outdoor haven. This property stands out as an excellent opportunity for first-time buyers or investors eager to undertake a renovation project in a desirable village setting. With thoughtful updates and personal touches, this bungalow can transform into a comfortable home or rental asset in an increasingly sought-after location.

Investment Analysis

(PE33 area)
Area Average
£268/sq ft
Avg Rent (weekly)
£250
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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
12%
Properties sold annually

Local Market Trend (PE33)

Area prices are rising by +2.7% over the last 12 months
3 year growth: -6.5%
5 year growth: 14.1%
Investment Disclaimer: Analysis based on PE33 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

Queens Close, Wereham, King's Lynn
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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
£458
Based on a loan of £93,750 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