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Fakenham Road, Great Ryburgh, NR21 - Image 1
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Fakenham Road, Great Ryburgh, NR21

East of England

£170,000
Listed on 03/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
786 sqft

Description

This well-located ex-local authority bungalow in the sought-after village of Great Ryburgh presents an excellent opportunity for renovation and investment. Set back from the road with a front lawn, the property features a welcoming entrance porch that reveals ample built-in storage—ideal for keeping living spaces clutter-free. The central hall connects to all key rooms, showcasing additional large cupboards that hint at potential for transforming the loft into valuable living space, subject to necessary permissions. The spacious sitting room benefits from a charming fireplace and a generous double-glazed window that floods the area with natural light. Adjacent is the kitchen and dining room, designed for sociability, though it could benefit from modernisation; current units offer a practical foundation rather than aesthetic appeal. Two sizable double bedrooms provide comfortable accommodation with pleasant views. The bathroom includes essential fixtures, with separate WC for convenience. With uPVC double glazing and a modern gas central heating boiler already in place, this property offers solid foundations while presenting various ways to enhance its efficiency and style. The rear garden is mainly laid to lawn, offering privacy and scope for landscaping or outdoor living enhancements. This single-storey bungalow promotes both comfort and versatility, making it an appealing project in a community-rich environment. Great Ryburgh boasts essential amenities such as a primary school, local pub, and recreational options, all within reach. Nearby Fakenham expands access to supermarkets and additional services while facilitating connections to wider Norfolk destinations—a perfect blend of rural charm with urban convenience.

Investment Analysis

(NR21 area)

Below Market Value

This property is priced -26.1% below area average per sq ft

-26.1%
Potential saving
This Property
£216/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£223
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£252,939
10% above area average per sq ft
Potential ROI
+20.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR21)

Area prices are rising by +7.0% over the last 12 months
3 year growth: -0.8%
5 year growth: 23.6%
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

Fakenham Road, Great Ryburgh, NR21
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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
£623
Based on a loan of £127,500 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