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Greevegate, Hunstanton

East of England

£425,000
Listed on 07/05/2026

Property Details

Bedrooms
6
Type
House
Area
2979 sqft

Description

This freehold mid-terrace Victorian property presents an intriguing opportunity for investors and developers. Located in the heart of Hunstanton, the property spans four levels. The lower ground floor has been transformed into a modern one-bedroom flat, currently utilized as a short-term holiday let, offering immediate rental income potential. The ground floor serves as a commercial space, occupied by the Norfolk Gun Trading Company, while the upper floors contain a spacious maisonette that requires comprehensive refurbishment to realize its full potential. There exists valid planning permission (ref: 11/02136/F) from 2012 granted by the Borough Council of King's Lynn & West Norfolk to convert the remaining living spaces into separate apartments, maintaining the commercial unit on the ground level. The small parking area at the rear enhances convenience for residents or tenants. Given its central location and renovation possibilities, this property offers significant investment potential.

Investment Analysis

(PE36 area)

Below Market Value

This property is priced -58.8% below area average per sq ft

-58.8%
Potential saving
This Property
£143/sq ft
Area Average
£346/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £180,000
Target Value
£1,134,463
10% above area average per sq ft
Potential ROI
+87.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (PE36)

Area prices are falling by -16.6% over the last 12 months
3 year growth: -17.6%
5 year growth: -8.8%
Investment Disclaimer: Analysis based on PE36 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

Greevegate, Hunstanton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,516
Based on a loan of £318,750 over 30 years at 3.97% 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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