Summary -
25 Waterfield Avenue,Fakenham,NR21 8EU
NR21 8EU
2 bed 1 bath Semi-Detached Bungalow
Low-price auction opportunity for cash buyers and experienced renovators.
Freehold two-bedroom semi-detached bungalow, mid-20th century construction
Non-standard construction — may not be mortgageable without lender approval
Guide price £70,000–£90,000; sold at unconditional online auction
Requires full cosmetic and systems renovation throughout
Sealed-unit double glazing and electric storage heating in place
Off-street parking, garage present and compact rear garden
Buyer must pay £1,170 admin fee and 10% deposit (min £5,000)
Completion required within 28 days of auction — cash/ready buyers only
This two-bedroom semi-detached bungalow sits on a small freehold plot in Fakenham and is offered to auction with a guide price of £70,000–£90,000. The property is mid‑20th century, with pebble-dash exterior, sealed-unit double glazing and electric storage heating. It includes off-street parking, a compact rear garden and a garage — practical assets for a renovation project or buy-to-let conversion.
The bungalow is non‑standard construction and is being sold needing renovation; purchasers requiring a mortgage should confirm lender acceptance before bidding. Cosmetic and systems updating are required throughout, creating clear scope for added value for a buyer prepared to invest time and budget. The area has low crime and good local schools, but local economic indicators show deprivation, which may affect rental yields and resale timing.
This lot is sold under unconditional timed-auction rules: successful bidders must pay a 10% deposit (minimum £5,000) on the fall of the gavel, an administration charge of £1,170 (inc. VAT) and complete within 28 days. These costs and the accelerated timeframe make the lot best suited to cash buyers, experienced investors or developers able to act quickly. Due diligence on construction type, services and Special Conditions of Sale is strongly advised before bidding.
For the right buyer this is a low‑priced entry into the Fakenham market with clear refurbishment upside, off‑street parking and a garden. If you can manage an unconditional, short‑timescale purchase and renovation, the property offers potential to add value; if you need mortgage finance or a move‑in property, this is not suitable without prior lender confirmation.
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