Southgates Drive, Fakenham
East of England
£180,000
Listed on 18/09/2026
Listed on 18/09/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
588 sqftFeatures
- Garden
- Parking
Description
This two-bedroom mid-terrace house is offered with no onward chain and is located around half a mile from Fakenham town centre, close to local shops, amenities and transport links. The accommodation is approximately 588 sq ft and includes an entrance hall, fitted kitchen and living room on the ground floor, with two bedrooms and a family bathroom upstairs.
The kitchen has wall and base units, a built-in oven, electric hob and extractor, with space for a fridge-freezer and washing machine. The living room has access to the garden. Heating is described as electric, including storage heaters in the living room and bedrooms.
Outside, the property has a front garden area and allocated parking. The rear garden is mainly laid to lawn, with a paved patio and a gate providing access for bins. The house is described as suitable for occupation while cosmetic improvements are made over time, offering scope for buyers to update it to their preferences.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
45out of 100
Grade ELow opportunity
Confidence: MEDIUM
This clean, liveable two-bedroom terrace has a straightforward light-refresh canvas: the kitchen has older but usable finishes, while the living room and bedrooms look relatively fresh. The garden is usable too, with scope for a little tidying and attention to the weathered fencing; parking and a position around half a mile from the town centre add practical appeal.
At £180,000, it is priced above the local £/sqf average, and the purchase price plus works looks tight against local benchmarks. That makes the overall value case limited, despite the manageable cosmetic scope and the lack of any obvious major exterior defect in the available views.
Key opportunities
- Personalise the older-looking kitchen finishes without needing to treat replacement as essential.
- Tidy the lawn and improve the weathered garden fencing to lift the usable outdoor space.
- Build on the relatively fresh-looking living room and bedrooms, with parking and town-centre access supporting everyday practicality.
Key risks
- The asking price is above the local £/sqf average, and purchase plus works looks tight against local benchmarks.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£680
Based on a loan of £135,000 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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