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Nursery Lane, Hockwold

East of England

£300,000
Listed on 19/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom detached bungalow is situated on a substantial plot in a desirable Norfolk village, presenting a compelling renovation opportunity for buyers looking to invest. The property welcomes you with a spacious entrance porch that leads into a generous lounge featuring dual-aspect windows and a classic fireplace, ideal for creating an inviting living space. Adjacent to the lounge is a separate dining room that connects to the kitchen, which comes equipped with wall and base units, pantry storage, and space for essential appliances like a washing machine and cooker. Both bedrooms include built-in wardrobes, while the family bathroom features a W.C., wash hand basin, and bath with an electric shower over. Additionally, there’s a utility room with direct access to the side of the property and into the garage. The outdoor space is equally appealing, boasting front lawn areas and an expansive rear garden primarily laid to grass—perfect for landscaping or extending (subject to planning permission). Notably, the construction of this bungalow is prefabricated under tile roofing and utilizes septic tank drainage. This presents not only a comfortable living environment but also significant potential for enhancement.

Investment Analysis

(IP26 area)
Area Average
£257/sq ft
Avg Rent (weekly)
£329
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (IP26)

Area prices are rising by +4.6% over the last 12 months
3 year growth: -9.7%
5 year growth: 8.2%
Investment Disclaimer: Analysis based on IP26 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

Nursery Lane, Hockwold
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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
£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