2-bedroom terraced house · NR21 8LH
Listing removedListed 177 days
Opportunity summary
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About
**Open House Launch ** **Guide Price £249,995** ** NO CHAIN** We are launching the property with an open house on: Monday 4th May (Bank Holiday) | 12pm – 2pm We’ll have the BBQ on, so feel free to come along, take a look around and get a feel for both the property and its setting.
Genuine viewers welcome. A charming two-bedroom cottage, recently renovated to a high standard while still offering scope for a buyer to put their own stamp on it.
Tucked away on a quiet lane yet close to Fakenham town centre and supermarkets, the property offers a cosy living room with feature fireplace, a light-filled kitchen opening to the rear, a ground floor bathroom and two good-sized bedrooms upstairs, with an en-suite WC to the main bedroom.
Outside, there is a useful utility area with plumbing for a washing machine, additional storage and the benefit of garage and off street parking. A home that needs to be seen to be fully appreciated.
The property has undergone improvement works aimed at enhancing energy efficiency, with an updated EPC assessment scheduled for May..
Living Room - 3.77 x 3.41 (12'4" x 11'2") - Cosy and welcoming living room with a feature fireplace (Potential for woodburner / open or gas fire subject to checks) and good natural light looking out onto garden Kitchen - 3.30 x 2.79 (10'9" x 9'1") - Bright garden facing kitchen with modern shaker style fitted units, new oven and hob with extractor, inset sink, high level storage and plenty of worktop space, leading out to rear storage area and utility room.
Utility Room - 5.25 x 1.11 (17'2" x 3'7") - Useful outside space with plumbing for washing machine and additional storage with an additional side entrance to bring in family pram or dogs.
Family Bathroom - 2.12 x 1.65 (6'11" x 5'4") - Clean modern bathroom with bath and shower over and towel rail.
Hall - 2.22 x 2.41 (7'3" x 7'10") - Welcoming hallway linking ground floor rooms Bedroom 1 - 3.80 x 3.49 (12'5" x 11'5") - A good sized main bedroom with a calm, neutral feel and plenty of natural light, benefiting from its own en-suite WC.
Ensuite - 1.20 x 1.06 (3'11" x 3'5") - A useful addition to the main bedroom, fitted with WC, wash basin and full size towel rail, adding extra convenience.
Bedroom 2 - 3.42 x 2.89 (11'2" x 9'5") - A well proportioned second bedroom with built-in storage and wardrobe space, housing the boiler and water tank, and enjoying views over the rear garden
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 Mission Lane, Fakenham
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