1-bedroom bungalow · NR21 8HE
For saleListed 430 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom retirement bungalow with allocated car parking space in front of the property Fayregreen was constructed by Retirement Appreciation Limited and comprises 34 bungalows designed for the retired.
Situated in Fakenham which offers several supermarkets, library, doctors and dentists surgeries, restaurants, bowling alley and cinema and has its own racecourse and weekly market.
Surrounding areas are all well serviced by bus routes with direct rail links to Cambridge and London from King’s Lynn and Norwich.
The Development Manager can be contacted from within each property in the case of an emergency. For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system.
Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom. It is a condition of purchase that residents be over the age of 55 years.
Please speak to our Property Consultant if you require information regarding "Event Fees" that may apply to this property. Accommodation Front door to Entrance Hall Light switch, ceiling light point.
Airing cupboard with insulated hot water cylinder, electric meter and storage. Additional cupboard with consumer unit. Emergency call system with speech module and pull cord.
Hard wired smoke detector. Living Room UPVC Door to communal gardens. Ceiling lights. Dimplex heater, power points, TV aerial point, telephone point.
Doorway leads to the:- Kitchen With Window Tiled and fitted with stainless steel sink unit, wall and floor cupboards with work tops. Space for Electric cooker. Space for refrigerator. Power points.
Ceiling light. Emergency pull cord. Bedroom Storage heater, ceiling light. Power points. TV and telephone point. Emergency pull cord.
Bathroom With Window Part tiled and fitted with suite comprising bath with grip Emergency pull cord. WC with low level flush and wash hand basin with mirror over. Light. Wall mounted electric heater.
Towel rail. Mirrored wall cabinet.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 5, Fayregreen, Fakenham
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