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Burnham Market, Norfolk

East of England

£395,000
Listed on 03/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
592 sqft

Description

This charming two-bedroom period cottage presents a fantastic opportunity for renovation or investment, located just a short stroll from the picturesque village green. The property features an open-plan layout on the ground floor, including a sitting area, dining space, and a fully fitted kitchen. Its contemporary decor is complemented by attractive elements such as timber flooring and a cozy wood-burning stove, while modern electric central heating and double-glazed timber sash windows enhance comfort. The accommodation includes two spacious double bedrooms with built-in wardrobes, offering views of the surrounding farmland. A shower room/WC is conveniently located on the first floor. Additionally, an outbuilding provides potential for enhancement or conversion into usable space. Outdoor space consists of an enclosed south-facing rear garden that combines paved areas with lawn sections and includes a useful shed. This property holds great potential as either a second home or holiday let, especially given its desirable location within Burnham Market, known for its vibrant community and rich local amenities. With mains services in place and good mobile coverage available, this cottage represents not only a lovely home but also an exciting project for someone looking to add value through thoughtful renovations.

Investment Analysis

(PE31 area)

Above Market Value

This property is priced +94.5% above area average per sq ft

+94.5%
This Property
£667/sq ft
Area Average
£343/sq ft
Avg Rent (weekly)
£299
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£223,427
10% above area average per sq ft
Potential ROI
-46.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (PE31)

Area prices are falling by -5.5% over the last 12 months
3 year growth: -10.7%
5 year growth: +1.8%
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

Burnham Market, Norfolk
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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
£1,425
Based on a loan of £296,250 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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