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Great Heath Road, North Elmham

East of England

£800,000

Listed on 15/06/2026

Property Details

Bedrooms
5
Type
Detached
Area
7832 sqft

Description

This property presents a unique opportunity for those looking to invest in a substantial renovation project. Nestled within approximately 1.5 acres of land in the desirable village of North Elmham, this property has already undergone extensive structural modifications, including significant extensions and a shell that is ready for reimagining. The expansive footprint of around 556m² allows for limitless design potential, creating an ideal canvas for a bespoke residential home or investment venture. The long private driveway leading to the home enhances its appeal, providing both privacy and convenience, with ample parking available to accommodate various uses. Additionally, the inclusion of several traditional barns adds further potential for development or conversion opportunities (subject to necessary permissions). With distinctive construction features such as brick, flint, and timber elements across the barns, there's significant scope for creative projects. This setting not only benefits from rural tranquility but also easy access to local amenities and transport links via the A47. Given its considerable size and unique character within an established community, this property represents not just a home but an exciting investment with long-term value.

Investment Analysis

(NR20 area)

Below Market Value

This property is priced -64.3% below area average per sq ft

-64.3%
Potential saving
This Property
£102/sq ft
Area Average
£286/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Target Value
£2,462,655
10% above area average per sq ft
Potential ROI
+123.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NR20)

Area prices are stable by +0.7% over the last 12 months
3 year growth: +1.6%
5 year growth: +7.1%
Investment Disclaimer: Analysis based on NR20 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

Great Heath Road, North Elmham
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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
£3,022
Based on a loan of £600,000 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.

Stamp Duty Calculator

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