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Overy Road, Burnham Market

East Midlands

£575,000
Listed on 08/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1346 sqft

Description

This Georgian townhouse presents a significant opportunity for renovation and investment in the desirable village of Burnham Market. Currently configured as a mixed-use property, it offers the potential to be transformed back into a charming three- or four-bedroom residence, thanks to recently granted planning permission. The property's location on Overy Road places it within easy walking distance of the vibrant Market Place, known for its blend of local boutiques and national retailers. Burnham Market is celebrated for its picturesque setting on the north Norfolk coast, an area recognized for its Outstanding Natural Beauty. This thriving village has long been regarded as a prime real estate destination, making it an attractive locale for both homeowners and investors alike. Church House features an appealing Georgian exterior constructed from Flemish bond red brick, characterized by classic sliding sash windows and topped with a Norfolk pantile roof. The building spans two storeys and currently consists of a shared entrance hall leading to retail space, storage areas, and restroom facilities on the ground floor. An adjoining apartment includes a utility room and provides access to the rear courtyard. The upper level encompasses two period rooms suitable for living and sleeping, accompanied by a kitchen/breakfast room, another bedroom, and a bathroom located towards the back of the building. While there is some external courtyard space available for storage, residents will also benefit from access to a communal garden area. Another valuable aspect of this property is the ample roadside parking available without restrictions. As a Grade II listed building, it holds historical significance that adds uniqueness to any potential renovation project. It’s worth noting that the ground floor is currently leased until March 2025, generating immediate income while plans are set in motion. Overall, this property stands out not only as a piece of local history but as an enticing opportunity for those looking to invest in rental potential or create their dream home in one of Norfolk's most sought-after villages.

Investment Analysis

(PE31 area)

Above Market Value

This property is priced +21.1% above area average per sq ft

+21.1%
This Property
£427/sq ft
Area Average
£353/sq ft
Avg Rent (weekly)
£245
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£57,500 - £143,750
10-25% of property value
Target Value
£522,356
10% above area average per sq ft
Potential ROI
-27.3%
After renovation
Monthly Sales
20
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PE31)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -4.9%
5 year growth: 12.6%
Investment Disclaimer: Analysis based on PE31 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

Overy Road, Burnham Market
Map showing location of Overy Road, Burnham Market
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