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See how verdicts work2-bedroom detached house · NR29 5JZ
Sold STCListed 182 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A truly impressive, fully renovated riverside bungalow set on a beautiful and private section of the River Thurne, hidden away in between Potter Heigham and Martham.
This idyllic riverside retreat offers a large private plot with river frontage extending to approximately 80ft which includes a mooring dock. All decking and quay heading was renewed in 2023.
The property itself was raised in 2023 ahead of a comprehensive programme of renovations which include a selection of new windows, a new shower room, updated kitchen and full redecoration inside and out.
The quirky layout consists of a triple aspect 22ft long living space with stunning views from every window, a river facing kitchen, two bedrooms and a generous shower room.
A big feature of this property is the impressive verandah with decorative woodwork and an established grapevine, the perfect vantage point from which to enjoy one of the most attractive sections of the River Thurne.
ACCOMMODATION Living Room: 22'6" x 8''1" (10'8" max) A spacious, light and airy living space, enjoying windows on three elevations providing far reaching views.
French doors to the front lead out onto a large covered deck with uninterrupted views out over the River Thurne. Kitchen: 8'10" x 5'9" Dual aspect with impressive river views.
Range of fitted units, sink unit and drainer. Bedroom 1: 13'6" x 8'1" Window to rear with views out over open marshland. Wall lights, built in double wardrobe.
Door to: Shower Room: 9'9" x 6'5" Shower enclosure, wash basin, w/c, heated towel rail, windows to side and rear. Door to rear. Storage cupboard.
Door to: Bedroom 2: 9'10" x 9'1" Door to front aspect leading out onto the verandah. Dual aspect, wall lights, range of built in wardrobes.
OUTSIDE The property occupies a breathtaking position on the banks of the River Thurne, providing beautiful uninterrupted views and a high degree of privacy.
The 80ft river frontage along with the mooring dock provides private mooring for multiple craft. All of the quay heading, decking and board walks were replaced in 2023.
Equidistant from Martham and Potter Heigham, with the current owners paying for a private parking space at Martham Boats, paying circa £220 per annum.
An impressive riverside bungalow offering character, privacy, peace and quiet.
ADDITIONAL INFORMATION Tenure: Leasehold (B Lease) Ground Rent and Service Charge: TBC Services: Mains water and electricity. Holding tank drainage.
This property is accessible via river and footpath only.
Whilst it is our intention that these sales particulars offer a fair and accurate account, they are provided for guidance purposes only and do not constitute part of any offer or contract.
All measurements are approximate and we have not tested any equipment or services, and no warranty is given or implied that these are in working order.
Prospective purchasers are advised to satisfy themselves by inspection or by further investigation via their solicitor or surveyor.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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