2-bedroom bungalow · PE38 9TB
Sold STCListed 43 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the popular market town of Downham Market, this detached two-bedroom bungalow presents an excellent opportunity for those seeking convenient, single-storey living in a well-connected location.
Ideally positioned within easy reach of the train station, offering direct links to London, Cambridge, and King's Lynn, the property is perfect for commuters and those looking to enjoy excellent transport connections.
A range of local amenities, including supermarkets, schools, and gp surgeries, are also within walking distance.
Inside, the property offers a bright and welcoming lounge, with a large window allowing natural light to flood the space.
The kitchen is fitted with a range of wall and base units, providing ample storage and workspace.
There are two well-proportioned bedrooms, a family bathroom with a shower, and a conservatory overlooking the rear garden, creating an additional space to relax and enjoy throughout the year.
Outside, the enclosed rear garden has been designed for low-maintenance enjoyment, featuring a mix of lawn and gravel areas, making it ideal for both gardening enthusiasts and those looking for a peaceful outdoor retreat.
To the front, the property benefits from a private driveway and garage, providing ample off-road parking and storage.
This is a fantastic opportunity to secure a bungalow in a sought-after location with excellent amenities and transport links close by.
Please note that an aml fee is payable by the buyer upon acceptance of an offer to cover the cost of the required identity verification and anti-money laundering checks.
This fee is non-refundable once the checks have been completed, regardless of whether the purchase proceeds. Downham Market is a small market town in Norfolk, England.
It's known for its historic buildings, including the 12th-century church of St. Edmund, and its traditional market square.
The town sits on the River Great Ouse and has a mix of quaint shops, pubs, and a farmers' market.
It's a quiet and picturesque spot, often described as a peaceful place to live, with good transport links to nearby cities like King's Lynn and Norwich.
The surrounding countryside offers plenty of outdoor activities too. Lounge/Diner (5m x 3.66m) Double glazed window facing the front garden. Double sliding doors leading to the conservatory. Radiator.
Conservatory (3.48m x 2.1m) Double doors leading to the rear garden. Kitchen (3.18m x 2.9m) Range of wall mounted and base fitted units. Double glazed window facing the rear of the property.
External door leading to the rear garden. Bedroom 1 (4m x 2.92m) Double glazed window facing the rear of the property. Radiator.
Bedroom 2 (3.2m x 3.05m) Double glazed window facing the front of the property. Radiator. Shower Room (2.08m x 1.8m) Double glazed window facing the side of the property. Shower, wash hand basin, WC.
Tiled walls. Radiator. Garage (5.87m x 2.82m) External door leading to the front of the property. Window facing the rear of the property. Door leading to the side of 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.
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
Agent & docs
FAQ
About 78, Richmond Road, Norfolk
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