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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 two-bedroom character cottage, located at the edge of Grimston, offers an excellent opportunity for renovation and investment. Nestled on a peaceful lane, it boasts stunning countryside views and direct access to extensive scenic walking trails. Upon entry, you are greeted by a cozy bay-fronted sitting room featuring an open fireplace, leading to a dining area that takes advantage of south-facing vistas. The kitchen, while functional with fitted units and ample work surfaces, presents potential for modern upgrades and the addition of a range-style cooker. A versatile conservatory provides additional space, serving as either a lobby or boot room. The upper floor comprises two bedrooms and a family bathroom arranged around a spacious landing. Set on an expansive plot, the west-facing garden extends approximately 150ft at its widest point and is complemented by open fields on two sides. The outdoor area includes a large paved terrace, lush lawn, and two significant timber outbuildings: a gym/studio and a summer house/home office—both insulated and equipped with electrical power points—offering immense versatility. Notably, planning permissions are in place for the existing outbuildings as well as for converting the garage into a carport or parking space, along with approved plans for potential extensions and reconfigurations to enhance internal living spaces. Grimston is part of an appealing cluster of villages just east of King's Lynn, providing essential amenities such as shops and pubs nearby. With easy access to larger town facilities in King's Lynn—including schools and transportation links—this property holds considerable appeal. Given its characterful nature combined with strong development potential in a tranquil rural setting, this cottage represents an outstanding investment opportunity.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £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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