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Queens Road, Fakenham, NR21

East of England

£200,000
Listed on 08/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a notable opportunity for development, having received planning permission for the construction of three spacious two-bedroom bungalows. This approved project provides immediate potential for builders and investors looking to capitalize on a growing market in a desirable town. The site is strategically located, minimizing planning hurdles and enabling a smooth transition into construction phase. Currently, the premises house a well-established veterinary practice within a substantial commercial building that spans approximately 2,848 sq m. This versatile space not only boasts high visibility but also offers significant foot traffic and accessibility, making it an attractive prospect for those considering continued commercial use or alternative developments subject to requisite approvals. Owner-occupiers and businesses seeking to tap into North Norfolk’s robust market will find this property highly advantageous due to its central location. Whether you wish to proceed with the residential development or explore further commercial possibilities, this site holds considerable potential for both immediate returns and long-term investment in an expanding area.

Investment Analysis

(NR21 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£221
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (NR21)

Area prices are rising by +6.7% over the last 12 months
3 year growth: +0.8%
5 year growth: +15.1%
Investment Disclaimer: Analysis based on NR21 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 Road, Fakenham, NR21
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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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