2-bedroom house · NR21 7LA
Sold STCReduced £25k (−7.7%) on 15 JulListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***** Guide Price £325,000 - £350,000 ***** Set within the historic grounds of The Old Mill in Fakenham, is a truly special home that blends period charm with thoughtful contemporary upgrades.
Every room feels inviting, homely and full of personality.
The spacious kitchen/lounge is the heart of the home, finished in a warm modern country style and fitted with integrated appliances including a dishwasher, fridge freezer, oven and hob.
A fantastic modern log burner creates a cosy focal point, adding to the cottage’s timeless charm.
A standout feature is the newly added Sun Room, a bright and peaceful space that looks out over the river perfect for relaxing, dining or simply enjoying the view.
Upstairs, the cottage offers two well proportioned bedrooms and a neatly presented bathroom, all finished to a high standard while retaining the property’s characterful feel.
Outside, the property enjoys a space at the front looking over the river, ideal for bistro style dining, morning coffee or simply soaking up the peaceful surroundings.
In addition, there is a separate, well maintained parking area with space for one vehicle a valuable asset in such a picturesque, historic location.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Mill Cottage The Old Mill,, Hempton Road, Norfolk
Explore nearby