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Watton Road, Great Ellingham NR17 - Image 1
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Watton Road, Great Ellingham NR17

East of England

£375,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1843 sqft

Description

Nestled on the outskirts of the charming village of Great Ellingham, this spacious three-bedroom bungalow presents a valuable opportunity for renovation and personalisation. The property boasts considerable internal space, highlighted by a welcoming entrance porch that leads to a bright living room featuring a log burner, perfect for creating a cosy atmosphere. The open-plan kitchen and dining area serve as a functional hub that flows effortlessly into a large conservatory, offering picturesque views of the expansive rear garden. Each of the three double bedrooms provides flexibility for various uses, whether as guest accommodations, an office, or creative spaces. The bathroom is equipped with both a bath and separate shower, complemented by an additional WC for added convenience. Outside, mature gardens envelop the property, providing potential for landscaping or outdoor enhancements. With two single garages and a carport enhancing storage capabilities, along with solar panels contributing to energy efficiency, this bungalow is primed for those looking to modernise and maximise its potential in a tranquil countryside setting.

Investment Analysis

(NR17 area)

Below Market Value

This property is priced -31.7% below area average per sq ft

-31.7%
Potential saving
This Property
£203/sq ft
Area Average
£298/sq ft
Avg Rent (weekly)
£234
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£604,338
10% above area average per sq ft
Potential ROI
+45.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR17)

Area prices are falling by +5.1% over the last 12 months
3 year growth: -1.6%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on NR17 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

Watton Road, Great Ellingham NR17
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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
£1,374
Based on a loan of £281,250 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