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The Street, Honing

East of England

£100,000
Listed on 27/11/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
628 sqft

Description

This historic 18th-century Blacksmith's Forge in Honing, Norfolk, presents a compelling investment opportunity with substantial renovation potential. Recently reroofed, the property maintains its original character and charm while offering versatile spaces for future use. The inclusion of a large insulated storage area and an additional workshop/store expands its functionality, making it suitable for various purposes, including potential conversion into a commercial space or residential dwelling (subject to obtaining planning permission). The adjoining cottage, also available for sale, enhances the investment appeal by allowing combined or independent usage. The charming garden area features hardstanding for parking, further adding to its usability. Nestled in a vibrant community with essential amenities nearby and excellent transport links to larger towns and the stunning Norfolk coast, this Forge is an exceptional blank canvas ready to be transformed into something extraordinary.

Investment Analysis

(NR28 area)

Below Market Value

This property is priced -45.4% below area average per sq ft

-45.4%
Potential saving
This Property
£159/sq ft
Area Average
£292/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£201,506
10% above area average per sq ft
Potential ROI
+43.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR28)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -3.3%
5 year growth: 11.9%
Investment Disclaimer: Analysis based on NR28 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

The Street, Honing
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£366
Based on a loan of £75,000 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