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Back Lane, Castle Acre PE32

East of England

£230,000

Listed on 20/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
926 sqft

Description

Nestled in the charming and historic village of Castle Acre, this detached three-bedroom bungalow presents a promising opportunity for renovation and investment. With a non-standard construction, the property boasts a large garage/workshop, ample parking, and well-maintained gardens. The layout includes a lounge/dining area, kitchen, utility room, three bedrooms, and a shower room. This space is primed for enhancement to suit modern living while retaining its original character. Castle Acre itself is steeped in history and offers a rich community atmosphere alongside essential amenities like a post office and local pubs. Surrounded by picturesque countryside ideal for walking and cycling enthusiasts, you can enjoy the serene rural lifestyle without sacrificing access to the beautiful North Norfolk coast just a short drive away. The sizeable outdoor spaces include front and rear gardens that may benefit from landscaping improvements or extensions. The garage/workshop offers additional possibilities for transformation into a functional workspace or studio. This property is tailored for cash buyers ready to invest in its true potential.

Investment Analysis

(PE32 area)

Below Market Value

This property is priced -12.1% below area average per sq ft

-12.1%
Potential saving
This Property
£248/sq ft
Area Average
£283/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£287,805
10% above area average per sq ft
Potential ROI
+4.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE32)

Area prices are falling by -8.3% over the last 12 months
3 year growth: -13.8%
5 year growth: -3.1%
Investment Disclaimer: Analysis based on PE32 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

Back Lane, Castle Acre PE32
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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
£869
Based on a loan of £172,500 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

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