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Andrews Place, Hunstanton PE36

East Midlands

£250,000
Listed on 01/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
732 sqft

Description

Set in the picturesque coastal town of Hunstanton, this detached bungalow presents a valuable opportunity for renovation and investment. Featuring two bedrooms, this property offers a solid foundation for those looking to create a personalized living space by updating its interiors. Upon entering, you are welcomed into an entrance hall that leads to a spacious reception area. The lounge is well-sized and filled with natural light from the front-facing window, creating an inviting environment for both relaxation and social gatherings. The adjoining kitchen is functional and includes direct access to the garden, enhancing convenience and outdoor connectivity. The two bedrooms provide comfortable spaces for rest, with the master bedroom advantageously featuring built-in wardrobes to optimize storage. The bathroom consists of essential fixtures — a hand wash basin, WC, and bath — offering practicality while awaiting modern updates. Outside, the front garden boasts a resin driveway that ensures off-road parking, complemented by decorative shingle and established greenery. The rear garden is fully enclosed and primarily laid to lawn, making it a flexible space for gardening or outdoor activities. Located within this sought-after coastal community, the bungalow benefits from proximity to local amenities and scenic beaches, appealing to potential buyers seeking both lifestyle and investment returns. While the home is currently in good condition, it would greatly benefit from modernization efforts, allowing future owners to tailor the space according to their preferences. Overall, this property represents an excellent opportunity for both first-time buyers looking for a project or investors interested in adding value through renovations in an attractive location.

Investment Analysis

(PE36 area)

Below Market Value

This property is priced -0.4% below area average per sq ft

-0.4%
Potential saving
This Property
£342/sq ft
Area Average
£343/sq ft
Avg Rent (weekly)
£256
Avg Yield
3.7%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Target Value
£276,143
10% above area average per sq ft
Potential ROI
-11.6%
After renovation
Monthly Sales
9
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE36)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -2.3%
5 year growth: 31.0%
Investment Disclaimer: Analysis based on PE36 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Andrews Place, Hunstanton PE36
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