2-bedroom bungalow · NR21 7QT
Sold STCListed 21 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Norfolk Agents are pleased to offer this well-presented three bedroom bungalow, on a quiet residential road in Wicken Green, approximately 7 miles west of Fakenham.
The property has a bright and open-plan living space with high quality fixtures and fittings throughout. The current vendors have found their onwards move.
The property is approached via a porch, leading into a welcoming entrance hall with doors opening to the principal rooms.
The living/dining room spans much of the right-hand side of the property, providing plenty of space for a range of furniture and a dedicated dining area.
The kitchen is positioned off the living space and offers a practical arrangement of wall and base units, with space for the necessary appliances.
There are two double bedrooms, with the larger principal bedroom situated to the front of the property and benefiting from a useful fitted wardrobe.
The second bedroom is also a comfortable double room, while a separate, newly fitted bathroom provides a bath, wash basin and WC.
A useful storage room is located off the hallway, offering additional space for household items, alongside further cupboard storage.
OUTSIDE: The property is approached over a driveway in front of the bungalow.
The private and secluded rear garden is a fantastic feature, the grounds are mainly laid to lawn, with some patio areas and storage sheds.
LOCATION: Wicken Green is a village just 7.4 miles of Fakenham.
Fakenham is a traditional Norfolk market town situated on the River Wensum, located 25 miles North West from the City of Norwich and 10 miles from the sought after North Norfolk coast.
Fakenham offers a range of amenities with a market every Thursday, and regular bus links into Norwich and King's Lynn. There are 4 supermarkets, medical and dentist practices and schools for all ages.
Fakenham is home to Norfolk's only racecourse, which also hosts a sports centre, golf course, social club and other events.
SERVICES The property is connected to mains drainage, electricity and water supply. Oil-fired central heating.
TENURE Freehold COUNCIL TAX BAND: A EPC RATING: E - The full certificate can be downloaded or provided by the Norfolk Agents. 1.
Purchasers will be asked to produce ID to satisfy money laundering regulations and we would ask for your co-operation in providing the relevant documentation. 2.
While we endeavour to make our sales details fair, accurate and reliable, they are only a general guide to the property.
If there is any point which is of particular importance to you, please contact the office and we will be pleased to make further investigations. 3.
The measurements indicated are supplied for guidance only. 4. Please note we have not tested the services or any of the equipment or appliances in this property.
We strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 5.
THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT FORM PART OF ANY OFFER OR CONTRACT.
THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS.
THE NORFOLK AGENTS LIMITED NOR ANY OF ITS EMPLOYEES HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATSOEVER IN RELATION TO THIS PROPERTY.
Value & comps
No previous sales on record.
Returns
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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 Penny Croft, Wicken Green Village
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