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Ivy House, Norwich Road, Stibbard, Fakenham, Norfolk NR21 0EF - Image 1
Ivy House, Norwich Road, Stibbard, Fakenham, Norfolk NR21 0EF - Image 2
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Ivy House, Norwich Road, Stibbard, Fakenham, Norfolk NR21 0EF

East of England

£225,000Guide Price

Listed on 03/07/2026

Property details

Bedrooms
4
Type
Detached
Area
2067 sqft

Description

This notable detached property, a four-bedroom residence dating back to the 19th century, is set on a generous plot of over half an acre in Stibbard, North Norfolk. Currently offered as a probate sale, this spacious home has been held by the same family since 1958 and is now in need of thorough updating and modernisation. Perfect for those looking to invest, the house features sizable living areas and an adaptable layout that can be reconfigured to suit contemporary family needs following renovation work. Outdoors, the property boasts off-road parking and a double garage, alongside extensive grounds that include an overgrown swimming pool area – all presenting opportunities for landscaping or alternative uses (subject to necessary planning permissions). The home is equipped with essential services including mains electricity and water, a septic drainage system, solar panels, and air source heat pump central heating. With plenty of potential to enhance its value through improvements, Ivy House is a promising project for renovators seeking a substantial property in a desirable location.

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Investment analysis

(NR21 area)

Below Market Value

This property is priced -61.9% below area average per sq ft

-61.9%
Potential saving
This Property
£109/sq ft
Area Average
£286/sq ft
Avg Rent (weekly)
£232
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£649,596
10% above area average per sq ft
Potential ROI
+88.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NR21)

Area prices are rising by +3.1% over the last 12 months
3 year growth: -1.8%
5 year growth: +2.9%
Investment Disclaimer: Analysis based on NR21 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

Ivy House, Norwich Road, Stibbard, Fakenham, Norfolk NR21 0EF
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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
£850
Based on a loan of £168,750 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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