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See how verdicts work5-bedroom detached house · PE32 2AZ
For saleListed 59 days
Opportunity summary
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About
A charming home for updating in a well served village.
Description The Old Foundry is a charming house, one of the earliest houses in this well served village of Castle Acre, famous for its medieval Castle and Priory.
The house dates back to the 16th century, with later additions and alterations, and is now at a stage where it is ready to evolve once again to fulfil modern day living requirements, whilst retaining the wonderful aesthetic of an old house.
The exteriors of The Old Foundry provide an endearing timeline to the changes over the centuries.
From the original brick and flint to the 18th century façade with Georgian sash windows, from stone quoins perhaps taken from the ruins nearby to the significant single storey extension, there are plenty of stories to tell.
The house is full of character within a very usable layout over the approx. 3000 sq ft of living space.
Highlights include well proportioned rooms such as the living room with chamfered beams and original fireplace, the dining room with bressummer dated at 1638, and the open plan kitchen/breakfast room.
The latter is a sociable space, where much of life at The Old Foundry flows through, complete with Rayburn, pantry and French doors out to the garden.
The ground floor also hosts a snug, and lovely entrance hall with distinctive tiled floor and fireplace, and a bathroom for practicality.
Upstairs, four double bedrooms all have their own layout, with cupboards, and basins in a couple of them.
These are served by the family bathroom and a separate WC, and all are linked by a long garden with views out to the gardens.
There is a staircase up to the second floor with another spacious bedroom with vaulted ceilings and dormer window, with a convenient shower on the same floor, together with attic storage.
Whilst the house is perfectly liveable, it is fair to say it would now require updating to optimise the building and surrounding gardens.
Outside The Old Foundry is accessed via two driveways, likely an original carriage driveway that could be opened up again.
The main gravelled driveway leads up to the house, to a parking and turning area accessing a double car port. The second driveway leads to the outbuildings and the original foundry.
The house is south facing, with great privacy thanks to established hedges and trees on the boundaries.
The south facing garden is mainly lawned, with a low brick and flint wall on one side, with gravelled area and brick weave paving. The front of the house is clad in wisteria and roses.
The main garden is behind the house. Sweeping lawns stretch away from the house, dotted with trees and shrubs including yew, beech, cherry, cedar and a fine willow.
It creates a delightful environment to enjoy, with high degree of privacy within the village, with herbaceous beds, a paved terrace adjoining the kitchen for outside dining and entertaining, and a gravelled area for further parking or landscaping.
To the west of the house are traditional outbuildings, single storey, providing excellent storage and with plenty of opportunity to utilise in other ways. One of the main rooms is 10.5 metres long.
To the south west of the house is The Old Foundry, a brick and flint building which has fallen into disrepair but again sets the imagination racing as to what it could be utilised for, subject to gaining the necessary planning consents of course.
Location Castle Acre is one of Norfolk’s destination villages.
A historic settlement, the ruined Castle Acre Castle sits on the east of the village, whilst the more intact but still ruined Priory is to the west.
The village is well served with an excellent village store and post office, the popular ‘Wittles’ restaurant/café, two public houses, fish and chips shop, bookstore, primary school and a playing field.
There is a network of footpaths from the village, including the Peddars Way and Rebellion Way, popular with both walkers and cyclists, and paths along the River Nar to the south of the village.
The nearby market town of Swaffham has a good range of shopping facilities including a Waitrose.
Local villages close by include Great Massingham, with the award winning Dabbling Duck public house, and the creative hub of West Acre, with a theatre, resident artists and gallery, garden nursery, brewery, public house and café.
The attractive North Norfolk coastal beaches of Holkham, Hunstanton and Wells-next-the-Sea are situated to the north and there are golf clubs at Brancaster, Hunstanton, King’s Lynn, Dereham and Swaffham.
There are rail links to London Kings Cross accessed at either Kings Lynn (13 miles) or Downham Market (17 miles), with a journey time of one hour thirty minutes.
Square Footage: 3,043 sq ft Acreage: 0.6 Acres Additional Info Services Mains water, electricity and private drainage. Oil fired central heating.
Agent's Note The neighbouring land, within the same ownership, is subject to a planning application for two new homes.
There is a right of access, in favour of the aforementioned land, over the initial part of the driveway to The Old Foundry.
Local Authority North Norfolk District Council Council tax Band F Fixtures & Fittings All fixtures and fittings including fitted carpets and curtains are specifically excluded from the sale, but may be available in addition, subject to separate negotiation.
Viewings Strictly by appointment with Savills. If there is any point which is of particular importance to you, we invite you to discuss this with us, especially before you travel to view the 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.
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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.
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Area
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FAQ
About The Old Foundry,, Newton Road, King's Lynn
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