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Penhill Road, Great Ellingham, Norfolk, NR17 - Image 1
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Penhill Road, Great Ellingham, Norfolk, NR17

East of England

£410,000
Listed on 08/04/2026

Property Details

Bedrooms
4
Type
Detached

Description

Homelea Farm presents an intriguing opportunity to own a small holding set in a serene and untouched area of Norfolk. Spanning approximately 10 acres, this property has remained within the same family for half a century, primarily utilized for livestock farming with structures designed for piggery operations. The purpose-built livestock buildings, along with additional brick storage facilities, hold significant potential for further enhancement or diversification. The main residence is a detached farmhouse featuring three to four bedrooms and ample living space, including an entrance hall/boot room, kitchen/dining area, living room, sunroom, and a convenient downstairs WC. The upper floor accommodates up to four bedrooms serviced by a family bathroom situated off the landing. With picturesque rural views and direct access to main farmyard areas, this farmhouse offers an impressive foundation for future improvements. The outdoor space includes around 9 acres of grazing land alongside multiple outbuildings—totaling eight structures—whose conditions vary significantly. This variety suggests opportunities for renovation or alternative use (subject to planning permissions). With thoughtful investment and creativity, this property could transform into an excellent family home or serve diverse income-generating purposes. Located on Penhill Road in Great Ellingham, the farm enjoys proximity to local amenities including a post office, pub, and primary school. The nearby market town of Attleborough provides further services and transport connections to Norwich and beyond. Note that the property will be 'sold as seen' and may require professional asbestos removal from certain outbuildings. Due diligence is encouraged before bidding due to the property's condition.

Investment Analysis

(NR17 area)
Area Average
£297/sq ft
Avg Rent (weekly)
£286
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NR17)

Area prices are falling by -9.6% over the last 12 months
3 year growth: -6.8%
5 year growth: +2.0%
Investment Disclaimer: Analysis based on NR17 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

Penhill Road, Great Ellingham, Norfolk, NR17
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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
£1,452
Based on a loan of £307,500 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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