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Drury Lane, Castle Acre PE32

East of England

£220,000
Listed on 14/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1216 sqft

Description

Located in the charming village of Castle Acre, this link-detached three-bedroom bungalow presents a promising opportunity for those looking to invest in a project with considerable renovation potential. While the property is currently functional, it would greatly benefit from a refresh and modernization to unlock its full value. The layout comprises three spacious double bedrooms, two shower rooms, a garage, and an additional storeroom, providing ample space for reconfiguration or enhancement. The entrance hall leads into a sizable lounge equipped with a bow window that invites natural light. The kitchen features modern fitted units but could be updated to reflect contemporary standards. Each bedroom offers generous proportions, making this bungalow ideal for families or those seeking single-level living. Furthermore, the external features include double glazing throughout and electric storage heating, while outside there is potential for garden improvements. As this property is offered chain-free, it facilitates a smoother transaction for prospective buyers. Viewing is strongly encouraged for anyone interested in transforming this bungalow into their dream home.

Investment Analysis

(PE32 area)

Below Market Value

This property is priced -36.4% below area average per sq ft

-36.4%
Potential saving
This Property
£181/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£264
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£380,480
10% above area average per sq ft
Potential ROI
+46.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE32)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -11.5%
5 year growth: +0.3%
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

Drury Lane, Castle Acre PE32
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£779
Based on a loan of £165,000 over 30 years at 3.91% 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

Price History

-18.5% since listed
£220,000£30,000(-12.0%)
14/04/2026
Current price
£250,000£20,000(-7.4%)
10/12/2025
£270,000Initial listing
18/11/2025

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