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High Street, Reepham LN3

East Midlands

£645,000
Listed on 01/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2203 sqft

Description

This four-bedroom period home in Reepham presents a remarkable investment opportunity with its blend of historic charm and modern functionality. While the property has been expertly renovated, there remains potential for further enhancements, particularly in the expansive loft area that could be developed to create additional living space (subject to planning permission). The well-proportioned layout includes versatile reception rooms, ideal for family gatherings or creating separate work-from-home areas. The generous rear garden boasts privacy with mature trees, while off-road parking adds convenience to this characterful residence. With the property located close to local amenities and excellent transport links, it represents an enticing prospect for families looking to invest in a vibrant community with room for growth.

Investment Analysis

(LN3 area)

Above Market Value

This property is priced +19.5% above area average per sq ft

+19.5%
This Property
£293/sq ft
Area Average
£245/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£593,709
10% above area average per sq ft
Potential ROI
-15.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LN3)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -3.8%
5 year growth: 20.6%
Investment Disclaimer: Analysis based on LN3 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

High Street, Reepham LN3
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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
£2,363
Based on a loan of £483,750 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