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School Lane, Spooner Row, Wymondham

East of England

£500,000
Listed on 25/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1582 sqft

Description

This property presents a noteworthy opportunity for those looking to invest in a spacious family residence set on a substantial plot in the charming village of Spooner Row. With four bedrooms and ample space, it offers significant potential for extension and modernization, catering perfectly to buyers eager to create their ideal home in a peaceful countryside setting. The location is conveniently situated about four miles from both Wymondham and Attleborough, making it easy to access essential amenities including shops, schools, and recreational facilities. This property is an appealing choice for buyers ready to enhance its features or simply enjoy its current layout while considering future improvements.

Investment Analysis

(NR18 area)

Below Market Value

This property is priced -0.9% below area average per sq ft

-0.9%
Potential saving
This Property
£316/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£267
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£554,776
10% above area average per sq ft
Potential ROI
+0.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NR18)

Area prices are falling by +3.4% over the last 12 months
3 year growth: -4.1%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on NR18 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

School Lane, Spooner Row, Wymondham
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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
£1,832
Based on a loan of £375,000 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