Gimingham
FI

Gimingham

By Fine & Country

£ 995,000

Reviews

3 out of 5 stars

Fine & Country says ..

An exciting development opportunity situated between the coastal villages of Mundesley and Sidestrand in the village of Gimingham. Planning has been granted for the conversion of farm buildings to create five residential units following demolition of dilapidated structures.

Property Oracle says ..

This property in Gimingham, Norfolk, presents a unique opportunity for developers or those seeking a substantial renovation project. The listing describes it as an exciting development opportunity, and planning permission for the conversion of farm buildings into five residential units is in place. The site consists of multiple dilapidated structures surrounded by a sizable plot of land. The existing structures are in need of substantial repair and renovation; several images show overgrown vegetation and signs of disrepair. The nearby areas offer access to schools and transportation, though not within walking distance. The close proximity to the coast and nearby villages provides a degree of amenity. However, the high list price should be considered carefully, weighing the potential return on investment after renovation against the substantial financial commitment required for this project. The considerable land area offers significant development potential, but the derelict state of the structures represents a critical factor in evaluating the overall value. While attractive to those looking for a project, lack of habitable spaces and the amount of work required means the property is not suited for those seeking a move-in-ready home. Further due diligence is recommended to assess the exact scope of work, costs, and time frames associated with completing the planned development.

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
4
Location
6
Land
7
Bedrooms
0
Bathrooms
0

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
403,693.00 £
Decreased by 22.59 %
from 521,521.00 £
Average area rental value
988.00 £/mo
Decreased by 1.79 %
from 1,006.00 £/mo
Est rental Yield
2.94 %
Increased by 27.27 %
from 2.31 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Fine & Country created the listing.

Nearby Schools

NameTypeOfstedDistance
Mundesley Infant SchoolCommunity SchoolGood3.94 KM
Mundesley Junior SchoolCommunity SchoolGood3.94 KM
Mundesleysurestart Children'S CentreChildren's Centre4.08 KM
Antingham And Southrepps Primary SchoolAcademy Sponsor LedSpecial Measures4.51 KM
Sidestrand Hall SchoolFoundation Special SchoolGood5.21 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
School Lane £ 000.00 KM
Brick Kiln Road £ 000.00 KM
Windmill Road £ 525,00000.00 KM
Wright's Loke £ 370,00000.00 KM
Primrose Close £ 500,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Gunton7299GNT5.03 KM
North Walsham7308NWA6.82 KM

Nearby Listings

AddressPriceTypeScoreDistance
Gimingham £ 995,000BUY6 / 100.00 KM
Church Street, Gimingham, Norwich £ 160,000BUYUnknown0.13 KM
Harvey Estate, Gimingham £ 280,000BUY6 / 100.23 KM
Gimingham, Norwich, Norfolk £ 150,000BUY5 / 100.29 KM
Mill Street, Gimingham, NR11 £ 350,000BUY6 / 100.68 KM

Nearby Properties

AddressPriceDistance
Cheerly House £ 237,5000.00 KM
Rose Cottage £ 200,0000.00 KM
Church Oaks £ 325,0000.00 KM
Greenfields £ 440,0000.00 KM
Sunnyside £ 169,0000.00 KM