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Margaret Reeve Close, Wymondham, NR18 0ST - Image 1
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Margaret Reeve Close, Wymondham, NR18 0ST - Image 8

Margaret Reeve Close, Wymondham, NR18 0ST

East of England

£220,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
650 sqft

Description

This two-bedroom coach house, tucked away in a tranquil cul-de-sac near the town centre, offers an excellent opportunity for renovation and investment. The layout includes an entrance hall, a utility room, a spacious living room, a functional kitchen, two bedrooms, and a bathroom. Notably, there's potential to convert or extend the garage into additional living space, subject to planning permissions from the local council. The property features double-glazed windows and doors installed in 2023 with a decade-long guarantee, ensuring energy efficiency moving forward. Its location provides easy access to the main A11 route for commuting to Norwich and Cambridge—making it appealing for both homeowners and renters alike. Given its good rental history, this coach house represents a solid investment prospect with the added benefit of no onward chain, facilitating a swift sale.

Investment Analysis

(NR18 area)

Above Market Value

This property is priced +6.2% above area average per sq ft

+6.2%
This Property
£338/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£267
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£227,942
10% above area average per sq ft
Potential ROI
-10.6%
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

Margaret Reeve Close, Wymondham, NR18 0ST
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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
£806
Based on a loan of £165,000 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