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Blacksmiths Lane, Erpingham, Norwich

East of England

£180,000
Listed on 25/02/2026

Property Details

Bedrooms
2
Type
Detached house
Area
800 sqft

Description

This semi-detached cottage presents an excellent opportunity for investors or homebuyers looking to make their mark. Nestled in the desirable village of Erpingham, close to the scenic Thwaite Common, the property offers two bedrooms and two reception rooms, along with off-road parking and expansive gardens at the front, side, and rear. While it is functional as is, updates would enhance its appeal and value significantly. The potential for renovation is substantial, allowing you to customize the space to your taste while benefiting from its prime location and generous lot size.

Investment Analysis

(NR11 area)

Below Market Value

This property is priced -28.7% below area average per sq ft

-28.7%
Potential saving
This Property
£225/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£252
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£277,640
10% above area average per sq ft
Potential ROI
+29.1%
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
53%
Properties sold annually

Local Market Trend (NR11)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -6.5%
5 year growth: +10.3%
Investment Disclaimer: Analysis based on NR11 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

Blacksmiths Lane, Erpingham, Norwich
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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
£649
Based on a loan of £135,000 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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