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The Green, Gressenhall, NR20

East of England

£190,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
893 sqft

Description

Nestled just off The Green, this charming two-bedroom semi-detached cottage offers an exciting opportunity for buyers looking to invest in a property with significant renovation potential. Located in the desirable village of Gressenhall, between Dereham and Swaffham, it enjoys a peaceful atmosphere along with convenient access to local amenities. The interior features a welcoming lounge highlighted by a feature fireplace and a large front-facing window that allows natural light to flood the space. The kitchen/dining area at the rear is well-suited for everyday use and includes stairs leading to the upper floor. Completing the ground level is a practical bathroom and a useful rear hall. Upstairs, you will find two generously sized bedrooms, including a spacious main room complete with a period fireplace and built-in storage options. Both bedrooms promise lovely views and present fantastic opportunities for personal redecoration. Externally, the property benefits from off-road parking for two vehicles alongside an enclosed rear garden, which has plenty of potential for landscaping or improvements. This home requires modernisation throughout, providing you with an opportunity to enhance its value over time. Conveniently located near community facilities such as a pub, shop, and primary school, as well as attractions like Gressenhall Farm and Workhouse Museum, this cottage balances rural tranquility with accessibility. With Dereham just three miles away for additional shopping choices, and easy routes via the A47 connecting to Norwich and King's Lynn, it is an ideal setting for families or commuters. This property presents an excellent chance for buyers seeking a character-filled home that requires some TLC in a location known for its charm and connectivity.

Investment Analysis

(NR20 area)

Below Market Value

This property is priced -26.2% below area average per sq ft

-26.2%
Potential saving
This Property
£213/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£283,344
10% above area average per sq ft
Potential ROI
+23.2%
After renovation
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

The Green, Gressenhall, NR20
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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
£696
Based on a loan of £142,500 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