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Foresters Avenue, Hilgay, Downham Market PE38 - Image 1
Foresters Avenue, Hilgay, Downham Market PE38 - Image 2
Foresters Avenue, Hilgay, Downham Market PE38 - Image 3

Foresters Avenue, Hilgay, Downham Market PE38

East of England

£625,000
Listed on 20/02/2026

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a valuable investment opportunity with full planning approval for the construction of 16 residential units in the charming village of Hilgay, set against a picturesque countryside backdrop. The approved development plan includes a mix of 13 open market homes and 3 affordable housing units—2 slated for affordable rent and 1 designated as a First Home under the government scheme. With planning already secured since June 2025, this plot offers developers an advantageous position to capitalize on demand in this well-connected area. Nestled in West Norfolk, the site’s location ensures that it benefits from both rural tranquility and essential local amenities, such as a primary school, pub, village hall, and local shops—adding significant appeal for potential residents. Accessibility is a key feature; the site is conveniently located near the A10, providing quick routes to nearby towns including Downham Market, Ely, and King's Lynn, as well as access to Cambridge and Norwich. The proximity to Downham Market train station enhances its attractiveness for commuters heading to London. In summary, this property not only offers immediate development potential but also serves as a strategic long-term investment in an area that melds countryside living with urban connectivity.

Investment Analysis

(PE38 area)
Area Average
£269/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£600,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (PE38)

Area prices are rising by +3.3% over the last 12 months
3 year growth: +4.2%
5 year growth: +19.7%
Investment Disclaimer: Analysis based on PE38 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

Foresters Avenue, Hilgay, Downham Market PE38
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Mortgage Calculator

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Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,254
Based on a loan of £468,750 over 30 years at 4.06% 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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