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See how verdicts work5-bedroom house · NR23 1NX
For saleListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional development opportunity presenting the chance to transform a substantial detached barn into two impressive, high-specification five-bedroom homes, with planning permission already granted for conversion.
Set within the attractive North Norfolk countryside, Old Barn Farm offers considerable potential for developers, builders or private purchasers seeking an exciting project in a highly desirable rural location.
The existing barn is approached via a gated gravel driveway, creating a private and appealing entrance to the site.
The approved scheme provides for the conversion and subdivision of the building into two substantial individual residences, each designed to offer five bedrooms and the potential for spacious, contemporary accommodation finished to a high specification.
A particular highlight of the proposed development is the setting, with both properties benefiting from their own driveways and gardens to the rear, backing directly onto open fields.
The frontage enjoys panoramic countryside views, providing an attractive outlook and a wonderful sense of space that will complement the character of the rural surroundings.
With the opportunity to combine the charm and character of a traditional agricultural building with the comfort, scale and finish of a modern family home, this is a compelling proposition for those looking to create distinctive properties in the North Norfolk countryside.
The approved plans provide a valuable starting point for the project, with the potential to deliver two substantial homes suited to the premium end of the local market, subject to the precise specification and execution of the scheme.
Situated in the peaceful village of Wighton, the property enjoys a rural setting within easy reach of the North Norfolk coast, the historic market town of Wells-next-the-Sea and the surrounding villages.
The combination of an established planning consent, generous proposed accommodation, individual outdoor spaces and far-reaching countryside views makes Old Barn Farm an opportunity worthy of serious consideration.
Interested parties are advised to familiarise themselves with the approved planning permission, associated drawings and any relevant conditions, and to undertake their own enquiries regarding the scope of the consent, implementation requirements, building regulations, services and development costs before proceeding Notice Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose.
Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
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
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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
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FAQ
About Binham Road, Wells Next The Sea
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