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Greenway Lane, Fakenham NR21 - Image 1
Greenway Lane, Fakenham NR21 - Image 2
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Greenway Lane, Fakenham NR21

East of England

£215,000
Listed on 17/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique investment opportunity with approved planning permission for the construction of two semi-detached homes. The current plan, associated with application reference pf/23/0128, involves the demolition of the existing structure to make way for modern dwellings, each measuring approximately 92m². The vendor is prepared to secure Nutrient Neutrality credits necessary for finalizing this approval, streamlining the development process for prospective buyers. Located just off Greenway Lane, this site benefits from its proximity to Fakenham's vibrant town center, offering a variety of local amenities including schools, supermarkets, a library, and leisure facilities. This accessibility not only enhances the appeal of the future homes but also underscores their potential as rental properties or family residences. Moreover, Fakenham’s transport links provide convenient access to Norwich via the A1067 road and frequent public transport options, making it an attractive destination for commuters. Given its central location and planning consent in place, this plot represents a noteworthy prospect for investors keen on capitalizing on residential development in a growing area. Interested parties are encouraged to arrange viewings through prior appointment—accompanied viewings can be organized at your convenience, along with video calls to discuss details further. Overall, this site offers a solid foundation for those looking to invest in real estate development within a well-serviced community that continues to attract interest and growth.

Investment Analysis

(NR21 area)
Area Average
£293/sq ft
Avg Rent (weekly)
£223
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
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
10%
Properties sold annually

Local Market Trend (NR21)

Area prices are rising by +7.0% over the last 12 months
3 year growth: -0.8%
5 year growth: 23.6%
Investment Disclaimer: Analysis based on NR21 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

Greenway Lane, Fakenham NR21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£788
Based on a loan of £161,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE