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
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Metrics Year-on-Year
- Average area value
- 403,693.00 £Decreased by 22.59 %
- Average area rental value
- 988.00 £/moDecreased by 1.79 %
- Est rental Yield
- 2.94 %Increased by 27.27 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Fine & Country created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Mundesley Infant School | Community School | Good | 3.94 KM |
| Mundesley Junior School | Community School | Good | 3.94 KM |
| Mundesleysurestart Children'S Centre | Children's Centre | 4.08 KM | |
| Antingham And Southrepps Primary School | Academy Sponsor Led | Special Measures | 4.51 KM |
| Sidestrand Hall School | Foundation Special School | Good | 5.21 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| School Lane | £ 0 | 0 | 0.00 KM |
| Brick Kiln Road | £ 0 | 0 | 0.00 KM |
| Windmill Road | £ 525,000 | 0 | 0.00 KM |
| Wright's Loke | £ 370,000 | 0 | 0.00 KM |
| Primrose Close | £ 500,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Gunton | 7299 | GNT | 5.03 KM |
| North Walsham | 7308 | NWA | 6.82 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Gimingham | £ 995,000 | BUY | 6 / 10 | 0.00 KM |
| Church Street, Gimingham, Norwich | £ 160,000 | BUY | Unknown | 0.13 KM |
| Harvey Estate, Gimingham | £ 280,000 | BUY | 6 / 10 | 0.23 KM |
| Gimingham, Norwich, Norfolk | £ 150,000 | BUY | 5 / 10 | 0.29 KM |
| Mill Street, Gimingham, NR11 | £ 350,000 | BUY | 6 / 10 | 0.68 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| Cheerly House | £ 237,500 | 0.00 KM |
| Rose Cottage | £ 200,000 | 0.00 KM |
| Church Oaks | £ 325,000 | 0.00 KM |
| Greenfields | £ 440,000 | 0.00 KM |
| Sunnyside | £ 169,000 | 0.00 KM |