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Church Lanes, Fakenham

East of England

£155,000
Listed on 07/03/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This charming two-bedroom cottage in the sought-after market town of Fakenham offers substantial potential for renovation and investment. Conveniently located a short walk from the town centre and local amenities, this property features a pleasant front garden, a welcoming lounge with a feature fireplace, and a dedicated dining room equipped with an electric fireplace. The kitchen, while functional, could benefit from modernisation to maximise its usability. A ground-floor bathroom completes the layout. Upstairs, two well-sized bedrooms provide ample space for comfortable living. Given its character and central location, this property is an excellent opportunity for first-time buyers or investors looking to enhance rental income through strategic upgrades.

Investment Analysis

(NR21 area)
Area Average
£291/sq ft
Avg Rent (weekly)
£224
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (NR21)

Area prices are rising by +9.3% over the last 12 months
3 year growth: +1.8%
5 year growth: +13.2%
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

Church Lanes, Fakenham
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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
£559
Based on a loan of £116,250 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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