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Princess Close, Watton, IP25

East of England

£200,000

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Detached Bungalow
Area
613 sqft

Description

Situated in a peaceful cul-de-sac within the sought-after market town of Watton, this two-bedroom detached bungalow presents a fantastic opportunity for those looking to enhance and modernise a property. Offered without any onward chain, it is ideally located close to the town centre, educational institutions, and essential amenities, making it suitable for both first-time buyers and downsizers seeking a manageable residence with future potential. The bungalow currently requires some updating but features well-proportioned rooms including two bedrooms, a comfortable sitting room, an inviting kitchen/dining area, and a shower room. The sensible layout provides ample scope for cosmetic improvements, allowing prospective owners to tailor the space according to their personal tastes while increasing its overall value. Externally, the property boasts a privately enclosed rear garden – an ideal setting for outdoor enjoyment. Additionally, off-road parking is available at the front alongside a single garage for secure storage or vehicle parking. Watton itself offers a range of amenities including supermarkets, independent shops, cafes, healthcare facilities, and leisure options. Its strategic location provides easy access to Thetford, Dereham, and Norwich—perfect for both commuters and those wishing to explore the splendid Norfolk countryside.

Investment analysis

(IP25 area)

Above Market Value

This property is priced +24.6% above area average per sq ft

+24.6%
This Property
£326/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£256
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£176,633
10% above area average per sq ft
Potential ROI
-21.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (IP25)

Area prices are falling by -4.4% over the last 12 months
3 year growth: -6.0%
5 year growth: +6.0%
Investment Disclaimer: Analysis based on IP25 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

Princess Close, Watton, IP25
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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
£756
Based on a loan of £150,000 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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