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Lichfield Street, Fakenham

East of England

£190,000
Listed on 30/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
1234 sqft

Description

This end-terraced home presents a unique opportunity for renovation and personalisation in a quiet residential area. The ground floor features a spacious sitting room and separate dining area, both offering ample natural light. The contemporary kitchen is equipped with modern amenities, while the adjoining conservatory provides additional living space and versatility. A convenient shower room completes the ground floor. Upstairs, you will find two generously sized bedrooms along with a family bathroom that can easily be updated to suit your taste. The expansive garden at the rear offers significant potential for landscaping or even an extension, subject to planning permissions. Moreover, the property includes a garage, an outbuilding, and a shed, which are ideal for storage or could be converted into hobby spaces. On-street parking adds to the convenience of this home. Located within Fakenham, residents have easy access to local supermarkets, independent shops, and schools, as well as outdoor activities along the picturesque North Norfolk coastline. This property combines practical features with excellent renovation potential, making it a compelling investment for those looking to create their ideal living space.

Investment Analysis

(NR21 area)

Below Market Value

This property is priced -47.2% below area average per sq ft

-47.2%
Potential saving
This Property
£154/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£225
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£395,478
10% above area average per sq ft
Potential ROI
+75.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NR21)

Area prices are rising by +2.1% over the last 12 months
3 year growth: -4.3%
5 year growth: +6.8%
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

Lichfield Street, Fakenham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£673
Based on a loan of £142,500 over 30 years at 3.91% 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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