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Watery Lane, Grimston

East of England

£155,000
Listed on 23/04/2026

Property Details

Bedrooms
2
Type
Semi Detached

Description

This quaint 2-bedroom character cottage, located on a secluded lane near Grimston, presents an appealing prospect for renovation enthusiasts and investors alike. Boasting stunning countryside vistas and direct access to scenic trails, the property features a welcoming bay-fronted sitting room with an inviting open fireplace, leading to a dining area that enjoys south-facing views. The kitchen, while functional, offers an opportunity for modernisation with ample space for a range cooker. A versatile conservatory adds potential for additional use as a lobby or boot room. Upstairs, the two bedrooms and family bathroom are arranged around a spacious landing, providing scope for reconfiguration. Occupying a generous plot of approximately 150ft in length at its widest point, the west-facing garden is framed by open fields and includes a large paved terrace alongside two substantial outbuildings—a gym/studio and summer house/home office—both fully insulated and double-glazed. Each of these outbuildings has planning permission, enhancing their usability. Significantly, the property comes with various planning permissions that allow for alterations to both the main house and garage conversion into a carport or parking space. This flexibility makes it ideal for buyers looking to expand or adapt their living space according to personal preferences. Situated in the charming village of Grimston with amenities just a short drive away, this cottage offers not only character but also considerable development potential in a peaceful rural setting.

Investment Analysis

(PE32 area)
Area Average
£284/sq ft
Avg Rent (weekly)
£264
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE32)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -11.5%
5 year growth: +0.3%
Investment Disclaimer: Analysis based on PE32 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

Watery Lane, Grimston
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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
£549
Based on a loan of £116,250 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.

Stamp Duty Calculator

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