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Catfield NR29

East of England

£700,000

Listed on 09/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
2942 sqft

Description

This spacious detached home is situated in a desirable location on the fringes of the charming village of Catfield, presenting a prime opportunity for refurbishment and expansion. Set on generous grounds, the property boasts a large driveway leading to a double garage, ideal for creating additional accommodation or enhancing existing spaces. The house comprises two substantial reception rooms, a triple aspect kitchen with an Aga, a utility area, and three well-sized bedrooms upstairs, including a master suite complete with an en suite shower room and dressing area. The significant potential for further development exists in the loft space, which could accommodate extra bedrooms or bathrooms, subject to necessary planning approvals. Currently equipped with oil central heating and solar panels, this property offers both comfort and energy efficiency while awaiting modern updates to unlock its full value. The expansive outdoor area includes mature landscaping and a pond, adding tranquility to the setting while providing ample space for outdoor enhancements.

Investment Analysis

(NR29 area)

Below Market Value

This property is priced -17.2% below area average per sq ft

-17.2%
Potential saving
This Property
£238/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£268
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£930,084
10% above area average per sq ft
Potential ROI
+19.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (NR29)

Area prices are rising by +12.9% over the last 12 months
3 year growth: +7.9%
5 year growth: +21.2%
Investment Disclaimer: Analysis based on NR29 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

Catfield NR29
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,645
Based on a loan of £525,000 over 30 years at 4.45% 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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