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The Street, Mileham

East of England

£1,250,000
Listed on 31/12/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This unique five-bedroom barn conversion presents an exceptional opportunity for investment, located on a generous 3.48-acre plot in the desirable village of Mileham. The property is notable for its various interconnected structures, including two one-bedroom maisonettes at the back of the barn, three terraced cottages, and spacious warehouse facilities. Currently utilized as holiday rentals, these properties could provide an attractive business venture or a comfortable family residence with ample space for development. The main barn features an impressive vaulted entrance hall along with a spacious living room that has a traditional inglenook fireplace. The large kitchen/dining/family area offers a warm and inviting atmosphere, complemented by additional utility spaces. There are five double bedrooms upstairs, four of which boast mezzanine levels and one with an en-suite bathroom, while the remaining rooms share a family bathroom. At the rear of the property, two single-storey cottages offer private entrances leading to their respective living areas and bathrooms—ideal for guest accommodation or rental potential. In addition to these residences, Manderin Cottage features three bedrooms spread across two levels with modern living areas, while Pintail Cottage provides a first-floor setting complete with double bedrooms and en-suites. Widgeon Cottage offers flexibility with one or two bedrooms and an open-plan layout ideal for contemporary living. The adjoining warehouse includes significant storage space along with office facilities and potential for further development into useful commercial space or additional rental units. Outside, the expansive grounds include parking opportunities and potential areas for camping or log cabin installations (subject to planning permission), making it an excellent option for those looking to enhance its value through creative renovation. With easy access to local amenities in Mileham and surrounding market towns like Dereham and Swaffham, this property combines rural charm with investment potential.

Investment Analysis

(PE32 area)
Area Average
£287/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (PE32)

Area prices are stable by -0.7% over the last 12 months
3 year growth: -6.9%
5 year growth: +5.5%
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

The Street, Mileham
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Mortgage Calculator

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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,508
Based on a loan of £937,500 over 30 years at 4.06% 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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