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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 property presents a canvas for creative renovation while also offering practical living spaces. The ground floor layout includes a bright sitting room and a separate dining area, complemented by a modern kitchen that is ready for personalisation. A conservatory adds extra versatility, suitable for various uses, alongside a shower room for convenience. Upstairs, two spacious bedrooms provide comfortable accommodation with room to enhance and modernise; the family bathroom is functional but could benefit from aesthetic updates. Outside, the expansive garden offers tremendous potential for landscaping or outdoor entertaining, further enhanced by a garage and additional storage options in the outbuilding and shed. With on-street parking available and located in a serene residential area, this home is well-positioned to attract buyers looking to invest in their future while enjoying the amenities of Fakenham and its beautiful surroundings.

Investment Analysis

(NR21 area)

Below Market Value

This property is priced -46.6% below area average per sq ft

-46.6%
Potential saving
This Property
£154/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£391,203
10% above area average per sq ft
Potential ROI
+82.0%
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
7%
Properties sold annually

Local Market Trend (NR21)

Area prices are stable by -0.1% over the last 12 months
3 year growth: -1.5%
5 year growth: +4.4%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£718
Based on a loan of £142,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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