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Noel Close, Hopton

East of England

£240,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
635 sqft

Description

This three-bedroom detached bungalow is nestled in a peaceful cul-de-sac, presenting an excellent opportunity for renovation and investment. The property features a spacious layout, starting with an entrance hallway that leads to a comfortable lounge/dining area, ideal for casual living or entertaining. The kitchen is equipped with a variety of wall and base units and offers ample space for appliances, presenting a blank canvas for modern upgrades. Each of the three bedrooms sits conveniently off the hallway, providing a practical arrangement for family living or potential rental opportunities. The bathroom includes essential fixtures such as a bath, wash basin, and W.C., also offering scope for contemporary improvement. Outside, the enclosed rear garden primarily consists of lawn interspersed with patio areas, perfect for outdoor gatherings or gardening enthusiasts. The garden boasts attractive field views and includes a gate leading to the driveway, ensuring easy access and off-road parking. This property’s location is another significant advantage; it's situated close to local amenities, which could appeal to both families and potential renters. With its need for modernization throughout, this bungalow presents an appealing prospect for those looking to enhance its value through renovations while enjoying the benefits of a tranquil neighborhood setting.

Investment Analysis

(NR31 area)

Above Market Value

This property is priced +46.3% above area average per sq ft

+46.3%
This Property
£378/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.2%

Renovation Potential

Est. Renovation Cost
£24,000 - £60,000
10-25% of property value
Target Value
£180,423
10% above area average per sq ft
Potential ROI
-39.9%
After renovation
Monthly Sales
32
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NR31)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -0.6%
5 year growth: 21.0%
Investment Disclaimer: Analysis based on NR31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Noel Close, Hopton
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