2 Bed Semi-Detached House, Planning Permission, Downham Market, PE38 9QQ, £175,000

Retreat Estate, Downham Market, PE38 9QQ - 3 months ago

Planning
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£140K - £324K
Sold Prices/m²£2.1K/m² - £6.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£207,982
BMV19%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£10,950

Total Cash In

£54,700

 

 

Cash Out

 

Rent Range

£650 - £925

Rent Estimate

£672

Running Costs/mo

£701

Cashflow/mo

£-29

Cashflow/yr

£-351

Gross Yield

5%

Local Sold Prices

50 sold prices from £140K to £324K, average is £201.5K. £2.1K/m² to £6.7K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£315K08/230.03 mi10, The Firs, Downham Market, Norfolk PE38 9SJ2
£265K12/230.07 mi6, Stirling Close, Downham Market, Norfolk PE38 9PZ2
£147.5K02/210.12 mi21, Lancaster Crescent, Downham Market, Norfolk PE38 9QL2
£190K11/220.12 mi40, Lancaster Crescent, Downham Market, Norfolk PE38 9QL2
£187K12/210.15 mi79, Lynn Road, Downham Market, Norfolk PE38 9QE2
£166K12/200.21 mi12, Keats Close, Downham Market, Norfolk PE38 9TT2
£165K11/200.21 mi11, Keats Close, Downham Market, Norfolk PE38 9TT2
£190K04/230.23 mi10, Coriander Road, Downham Market, Norfolk PE38 9WB2
£170K10/220.24 mi1, Saffron Close, Downham Market, Norfolk PE38 9UP2
£222K01/240.24 mi50, Kingfisher Road, Downham Market, Norfolk PE38 9RQ2
£196.5K03/210.24 mi31, Kingfisher Road, Downham Market, Norfolk PE38 9RQ2
£220K12/220.24 mi27, Kingfisher Road, Downham Market, Norfolk PE38 9RQ2
£140K07/230.25 mi86, Lynn Road, Downham Market, Norfolk PE38 9NR2
£172K10/220.25 mi10, Saffron Close, Downham Market, Norfolk PE38 9UP2
£225K03/210.27 mi7, Cock Drove, Downham Market, Norfolk PE38 9NS2
£324K09/230.27 mi7, Cock Drove, Downham Market, Norfolk PE38 9NS2
£210K08/220.3 mi94, Rosemary Way, Downham Market, Norfolk PE38 9UQ2
£185K05/210.31 mi3, Goldfinch Close, Downham Market, Norfolk PE38 9RH2
£225K04/210.31 mi9, Goldfinch Close, Downham Market, Norfolk PE38 9RH2
£155K08/220.31 mi33, Bexwell Road, Downham Market, Norfolk PE38 9LH2
£185K11/230.31 mi76, Bexwell Road, Downham Market, Norfolk PE38 9LH2
£275K04/230.33 mi27, Guiltcross Way, Downham Market, Norfolk PE38 9RE2
£142K08/210.33 mi44c, Lynn Road, Downham Market, Norfolk PE38 9NN2
£222K12/220.34 mi27, Sandringham Drive, Downham Market, Norfolk PE38 9NF2
£225K08/220.34 mi19, Sandringham Drive, Downham Market, Norfolk PE38 9NF2
£215K11/210.35 mi98, Wimbotsham Road, Downham Market, Norfolk PE38 9QB2
£200K03/210.35 mi92, Wimbotsham Road, Downham Market, Norfolk PE38 9QB2
£208.5K07/210.35 mi75, Wimbotsham Road, Downham Market, Norfolk PE38 9QB2
£225K04/210.35 mi109, Wimbotsham Road, Downham Market, Norfolk PE38 9QB2
£215K08/230.35 mi26, Launditch Crescent, Downham Market, Norfolk PE38 9RB2
£172.5K03/230.35 mi2, Launditch Crescent, Downham Market, Norfolk PE38 9RB2
£220K07/210.38 mi6, Heron Close, Downham Market, Norfolk PE38 9QD2
£198K11/220.38 mi21, Lynn Road, Downham Market, Norfolk PE38 9NJ2
£160K02/210.39 mi4, Rembrandt Court, Downham Market, Norfolk PE38 9LD2
£189K05/210.4 mi1, St Edmunds Terrace, Downham Market, Norfolk PE38 9LR2
£182K04/210.4 mi2, St Edmunds Terrace, Downham Market, Norfolk PE38 9LR2
£190K09/210.42 mi27, Wimbotsham Road, Downham Market, Norfolk PE38 9PE2
£203K01/210.42 mi20, Wimbotsham Road, Downham Market, Norfolk PE38 9PE2
£270K10/230.43 mi96, Howdale Road, Downham Market, Norfolk PE38 9AH2
£210K12/200.45 mi16, Gallow Drive, Downham Market, Norfolk PE38 9RD2
£227.5K06/210.45 mi7, Gallow Drive, Downham Market, Norfolk PE38 9RD2
£286K11/230.45 mi28, Gallow Drive, Downham Market, Norfolk PE38 9RD2
£217.5K01/210.45 mi1, Stonecross Road, Downham Market, Norfolk PE38 9LS2
£200K05/210.46 mi9, Grimshoe Road, Downham Market, Norfolk PE38 9RA2
£190K06/210.46 mi34, Grimshoe Road, Downham Market, Norfolk PE38 9RA2
£221K02/210.48 mi6, Rouses Lane, Downham Market, Norfolk PE38 9AN2
£240K08/230.49 mi3, Paradise Road, Downham Market, Norfolk PE38 9HS2
£143K09/210.49 mi40b, Paradise Road, Downham Market, Norfolk PE38 9HS2
£153.5K03/210.49 mi38, Paradise Road, Downham Market, Norfolk PE38 9HS2
£265K07/230.5 mi2, Wayland Walk, Downham Market, Norfolk PE38 9TE2

Local Rents

21 rents from £650/mo to £925/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£80004/250.22 mi-2
£77507/240.23 miCoriander Road, Downham Market, PE382
£82506/240.23 miCoriander Road, DOWNHAM MARKET2
£82506/240.23 miBrock Mews, DOWNHAM MARKET2
£70007/240.24 miLynn Road, Downham Market, PE382
£70008/240.24 mi-2
£80006/240.35 miLaunditch Crescent, Downham Market, PE38 9RB2
£82508/240.37 miBexwell Road, DOWNHAM MARKET2
£79506/240.37 mi-2
£91707/240.4 miSt. Edmunds Terrace2
£67506/240.42 miHigh Street, Downham Market, PE382
£92506/240.45 miGallow Drive, DOWNHAM MARKET2
£70007/240.47 miHigh Street, Downham Market, PE382
£70007/240.48 miHigh Street, Downham Market, PE382
£75007/240.49 miParadise Road, Downham Market, PE38 9HS2
£80003/240.5 miParadise Mews, Downham Market 2
£75006/240.52 miCrown Courtyard Downham Market2
£73006/240.52 miCrown Courtyard, Paradise Road, Downham Market, Norfolk, PE38 9HT2
£70007/240.54 miHowdale Road, Downham Market, PE382
£65006/240.54 miHigh Street, Downham Market, Norfolk2
£85006/240.58 mi-2

Local Area Statistics

Population in PE38

14,847

Population in Downham Market

14,855

Town centre distance

0.56 miles away

Nearest school

0.20 miles away

Nearest train station

0.85 miles away

 

 

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Price changed to £175,000

April 5, 2025

Listed for £180,000

January 3, 2025

Floor Plans

Description

  • Two bedroom semi-detached house +
  • Off-road parking for 4 - 5 cars +
  • Rear garden +
  • Walking distance to town centre +
  • Short distance to mainline train station +
  • Close to local schools +

SUMMARY
Attention first time buyers & investors! A two bedroom semi-detached house located within walking distance to Downham Market town centre. The property offers a lounge/diner, kitchen, comfortable bedrooms & bathroom, plus high-levels of off-road parking & rear garden.

DESCRIPTION
Located just a short walk from Downham Market town centre & the wide range of shops, restaurants, supermarkets & amenities it has to offer, lies this two bedroom semi-detached house. This property is ideal for first time buyers & investors alike, and due to its good-sized plot, offers the potential to be extended (subject to the correct planning permission being granted).

Inside, the property benefits from a lounge/diner, kitchen, two comfortable bedrooms & bathroom. Outside, a gravelled driveway to the front of the property provides off-road parking for 4 - 5 cars & leads to the garage/store room. The low-maintenance rear garden is fully enclosed & is partially laid to lawn, alongside a patio area & outside tap.

Accommodation: 
Double-glazed entrance door to:

Entrance Hall 
Door to the front. Radiator. Stairs leading to the first floor landing.

Lounge / Diner 16' 7" x 10' 4" plus bay window ( 5.05m x 3.15m plus bay window )
Double-glazed bay window to the front. Fireplace housing gas fire. Radiator. Space for dining table & chairs.

Kitchen 10' 4" x 9' 5" ( 3.15m x 2.87m )
This fitted kitchen includes both wall & base units with work surfaces over, as well as a one and a half bowl sink & drainer unit. There is also space for a fridge/freezer and space & plumbing for a washing machine. Double-glazed window to the rear.

First Floor Landing 
Stairs from the entrance hall. Airing cupboard. Loft access. Double-glazed windows to the side & rear.

Bedroom One 13' 7" x 8' 3" ( 4.14m x 2.51m )
Double-glazed window to the rear. Radiator. Built-in wardrobes.

Bedroom Two 10' 3" x 10' 5" ( 3.12m x 3.17m )
Double-glazed window to the front. Radiator.

Bathroom 
Fitted with WC, wash hand basin & bath with shower over. Radiator. Double-glazed window to the side.

Outside 
To the front of the property, a gravelled driveway provides off-road parking for 4 - 5 cars & leads to the garage/store room. The low-maintenance rear garden is fully enclosed & is partially laid to lawn, alongside a patio area & outside tap.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly 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 CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Downham Market

01366 312332

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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