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Virginia Cottage, Coastal Lifestyle Opportunity, KIngs Lynn. PE31 7ER - Image 1
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Virginia Cottage, Coastal Lifestyle Opportunity, KIngs Lynn. PE31 7ER

East of England

£275,000
Listed on 01/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1000 sqft

Description

This charming double-fronted three-bedroom cottage in the desirable village of Heacham presents an exciting opportunity for renovation and investment. Currently featuring a layout that includes a cozy living room, a separate dining area, kitchen, conservatory, and utility room on the ground floor, the first floor offers three well-proportioned bedrooms and a family bathroom. The property has already obtained planning permission for an upstairs extension that could provide an additional bedroom or ensuite facility, as well as approval to convert an existing outbuilding into a one-bedroom annexe, with footings already established for this project. Nestled on a generous plot measuring 140ft by 35ft, it boasts additional outdoor space including a courtyard garden and a larger fully enclosed garden perfect for potential landscaping. With no forward chain in place, this property is ideal for either personal residence within a vibrant community or as an investment to capitalize on the holiday rental market. Early viewing is encouraged to explore the full potential this home has to offer.

Investment Analysis

(PE31 area)

Below Market Value

This property is priced -21.1% below area average per sq ft

-21.1%
Potential saving
This Property
£275/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£265
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£383,350
10% above area average per sq ft
Potential ROI
+14.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
39%
Properties sold annually

Local Market Trend (PE31)

Area prices are falling by -8.8% over the last 12 months
3 year growth: -14.6%
5 year growth: -1.2%
Investment Disclaimer: Analysis based on PE31 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

Virginia Cottage, Coastal Lifestyle Opportunity, KIngs Lynn. PE31 7ER
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£992
Based on a loan of £206,250 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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