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Grimston Road, South Wootton

East Midlands

£415,000
Listed on 22/05/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1948 sqft

Description

This substantial detached bungalow presents a unique opportunity for renovation and investment, situated in one of King’s Lynn’s most desirable neighborhoods. With captivating views of the adjacent open fields, the property’s prime location is complemented by easy access to local amenities, making it an attractive option for families or those seeking a peaceful retreat. Upon arrival, you’ll be greeted by a spacious gravel driveway that not only offers ample off-road parking but also leads to secure double gates granting access to the rear of the home, where additional parking and a detached double garage await. The fully enclosed rear garden ensures privacy and features a lawn adorned with fruit trees, providing an ideal outdoor space for relaxation and gatherings. Inside, the property showcases a convenient porch that transitions into an expansive 25-foot hallway, setting the tone for the generous room sizes throughout. The impressive 28-foot bay-fronted living room serves as a central gathering spot and features a cozy woodburning stove. Adjacent is the dual-aspect kitchen/dining room, measuring 17 feet, where natural light floods in and offers picturesque views—perfect for family meals or entertaining. The layout includes three spacious double bedrooms, each designed to take advantage of those lovely field vistas. Additionally, there are two modern bathrooms catering to convenience. A versatile garden room extends from the main area into the backyard; functioning as both a utility space and an inviting spot for leisure activities. With considerable potential for enhancement, this bungalow allows for further development possibilities—including converting loft space into a fourth bedroom—subject to obtaining necessary planning permissions. This property is not only a comfortable residence but also an excellent investment opportunity with ample scope for customization and growth.

Investment Analysis

(PE30 area)

Below Market Value

This property is priced -13.7% below area average per sq ft

-13.7%
Potential saving
This Property
£213/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£199
Avg Yield
4.1%

Renovation Potential

Est. Renovation Cost
£41,500 - £103,750
10-25% of property value
Target Value
£528,950
10% above area average per sq ft
Potential ROI
+2.0%
After renovation
Monthly Sales
41
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (PE30)

Area prices are rising by +7.1% over the last 12 months
3 year growth: 9.6%
5 year growth: 19.8%
Investment Disclaimer: Analysis based on PE30 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Grimston Road, South Wootton
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