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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

£198,000
Listed on 27/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for developers, featuring a building plot that comes with full planning permission for the construction of two semi-detached homes, each spanning approximately 92m2. Located in a desirable town center area, this investment is well-positioned for future growth. The current application (ref number pf/23/0128) is anticipated to receive approval pending the procurement of Nutrient Neutrality credits by the sellers once a sale is finalized, allowing for project commencement in 2026. The existing structure will require demolition to make way for the new builds, setting the stage for a refreshing development in an attractive location.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£725
Based on a loan of £148,500 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