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Northfield Road, Forncett St. Peter, Norwich, Norfolk, NR16 - Image 1
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Northfield Road, Forncett St. Peter, Norwich, Norfolk, NR16

East of England

£750,000

Listed on 07/07/2026

Property details

Bedrooms
4
Type
Detached
Area
2180 sqft

Description

Faulgate House presents a unique opportunity for investors and families alike, set within approximately 1.3 acres of mature grounds that ensure privacy and tranquility. This period property, originally built around 1900 and notably extended in 1981, showcases a spacious layout with considerable potential for modernization and customization to suit your personal taste. The interior boasts well-proportioned rooms filled with natural light, featuring an inviting reception area that connects to a generous sitting room complete with a fireplace. Additional spaces include a study ideal for remote work and a formal dining room adjacent to the kitchen/breakfast room that includes a utility section. The first floor accommodates four bedrooms, including a principal suite with built-in wardrobes, serviced by a sizeable family bathroom. The extensive grounds not only provide parking for multiple vehicles but also house an attractive barn built circa 1990, which offers versatile options for usage pending necessary planning permissions. A conservatory that adjoins the barn could be transformed back into its original swimming pool or repurposed into another leisure space. This property is strategically located near Forncett St. Peter village with essential amenities available in nearby Long Stratton and Wymondham, while the cultural hub of Norwich is just 13 miles away, connecting you easily to city life yet retaining rural charm. With its extensive history and appealing landscape, Faulgate House is ripe for renovation that will enhance its aesthetic appeal while preserving its character.

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Investment analysis

(NR16 area)

Above Market Value

This property is priced +14.9% above area average per sq ft

+14.9%
This Property
£344/sq ft
Area Average
£299/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£717,721
10% above area average per sq ft
Potential ROI
-15.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NR16)

Area prices are rising by +2.5% over the last 12 months
3 year growth: -6.0%
5 year growth: -1.3%
Investment Disclaimer: Analysis based on NR16 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

Northfield Road, Forncett St. Peter, Norwich, Norfolk, NR16
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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
£2,833
Based on a loan of £562,500 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

Next Steps

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