Richmond Road, Downham Market, Norfolk, PE38
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Richmond Road, Downham Market, Norfolk, PE38

By Abbotts

£ 220,000

Reviews

3 out of 5 stars

Abbotts says ..

Offered with no onward chain and situated in the popular town of Downham Market is this two bedroom semi-detached bungalow. The bungalow is in close proximity of the train station with direct lines to London, Cambridge and King's Lynn, making it the fantastic property for those who com...

Property Oracle says ..

Downham Market is a small market town located in Norfolk, England. The property is a bungalow situated on Richmond Road, within the South Downham locality. The area benefits from relatively close proximity to Downham Market railway station (Govia Thameslink Railway), providing convenient access to other towns and cities. Several primary schools are within a reasonable distance, including Nelson Academy and Denver Voluntary Controlled Primary School, both rated ‘Good’ by Ofsted. The average house price in the area is £265,511, with an average price per square foot of £302. Based on the provided images, the property appears to be in good condition. The interior is clean and well-maintained, although the kitchen and some of the decor suggest a style that might be considered dated by some buyers. There is no obvious evidence of significant repairs or renovations being required. The property benefits from a conservatory and a small, manageable garden. Considering the property’s size (687.81 sqft), condition, and the relatively small plot size, the list price of £220,000 appears to be reasonably competitive compared to other properties in the area. While the average price per sqft in the area is higher (£302), the smaller plot size and slightly dated kitchen may account for the lower list price compared to some nearby properties. Several nearby properties on Richmond Road have sold for prices ranging from £145,000 to £375,000, demonstrating a range of prices in the area. The lower end of this range suggests that the list price of £220,000 is within the realm of possibility for a property of this size and style.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
8
Location
7
Land
4
Bedrooms
2
Bathrooms
1
Sqft (est)
687.81

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
245,074.00 £
Decreased by 15.93 %
from 291,529.00 £
Est sale value
161,635.35 £
Decreased by 37.50 %
from 258,616.56 £
Average area rental value
1,254.00 £/mo
Decreased by 5.43 %
from 1,326.00 £/mo
Est letting value
687.81 £/mo
Unchanged by 0.00 %
from 687.81 £/mo
Est rental Yield
6.14 %
Increased by 12.45 %
from 5.46 %
Crime Rate
2.00 %
Unchanged by 0.00 %
from 2.00 %

Agent Activity

  • Abbotts created the listing.

Nearby Schools

NameTypeOfstedDistance
Downham Market Children'S CentreChildren's Centre0.95 KM
Nelson AcademyAcademy Sponsor LedGood1.21 KM
Denver Voluntary Controlled Primary SchoolVoluntary Controlled SchoolGood1.83 KM
Downham Market AcademyAcademy Sponsor Led2.34 KM
Downham Market, Hillcrest Primary SchoolCommunity SchoolGood2.78 KM

Images

Photo Picture No. 21 Photo Picture No. 20 Photo Photo Photo Picture No. 19 Photo Photo Photo Photo Photo Photo Photo

Nearby Streets

NameAverage PriceAverage SqftDistance
Sovereign Way £ 000.00 KM
Maltings Lane £ 000.00 KM
Oakfield Close £ 245,00000.00 KM
Town Square £ 000.00 KM
Old Maltings Way £ 142,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Downham Market7055DOW0.79 KM
Watlington7057WTG8.56 KM

Nearby Listings

AddressPriceTypeScoreDistance
Richmond Road, Downham Market, Norfolk, PE38 £ 220,000BUY6 / 100.00 KM
Richmond Road, Downham Market £ 250,000BUY6 / 100.00 KM
Richmond Road, Downham Market £ 300,000BUY7 / 100.00 KM
Richmond Road, Downham Market, Norfolk, PE38 £ 280,000BUY7 / 100.00 KM
Richmond Road, Downham Market £ 260,000BUY5 / 100.00 KM

Nearby Properties

AddressPriceDistance
97 Richmond Road £ 153,0000.00 KM
47 Richmond Road £ 200,0000.00 KM
88 Richmond Road £ 200,0000.00 KM
75 Richmond Road £ 150,0000.00 KM
56 Richmond Road £ 146,5000.00 KM