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The Red House, Wymondham

East Midlands

£475,000
Listed on 02/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1049 sqft

Description

This property offers a unique chance to acquire a three-bedroom house set on three acres of picturesque land with splendid views of the surrounding countryside and the charming village of Wymondham. Located down a private lane shared with just two other quality homes, this residence presents an exceptional investment opportunity, particularly for those considering future development, as there may be potential to secure planning permission for extensions or even a rebuild. Although the house is currently habitable and has replacement windows installed, it stands in need of modernisation and refurbishment to unlock its full potential. The property has previously undergone some structural work and benefits from all main services as well as its own septic tank. This setting is ideal for creating either a smallholding or an equestrian property, allowing you to take advantage of both the serene environment and proximity to local amenities in Wymondham, including schools, shops, tea rooms, and a highly regarded gastro pub. No onward chain simplifies your purchasing process.

Investment Analysis

(LE14 area)

Above Market Value

This property is priced +56.6% above area average per sq ft

+56.6%
This Property
£453/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£271
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£333,650
10% above area average per sq ft
Potential ROI
-36.4%
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 (LE14)

Area prices are rising by +9.9% over the last 12 months
3 year growth: +3.0%
5 year growth: +5.5%
Investment Disclaimer: Analysis based on LE14 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

The Red House, Wymondham
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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
£1,682
Based on a loan of £356,250 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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