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Hertford Way, Gorleston - Image 1
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Hertford Way, Gorleston

East of England

£165,000
Listed on 07/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
764 sqft

Description

This three-bedroom mid-terrace house presents a prime opportunity for those interested in renovation and investment. While the property is currently functional, it offers significant potential for updating and personalizing, making it an ideal project for buyers looking to enhance its value. Upon entering, you’ll find a welcoming entrance hall that leads into a cozy lounge featuring a brick fireplace and a large front-facing window. The spacious kitchen/diner includes ample room for upgrading appliances and cabinetry, along with direct access to the rear lobby which connects to a convenient downstairs WC. Given the layout, it's easy to envision transforming this area into an inviting space perfect for modern living. The first floor comprises three bedrooms, each with natural light filtering through double-glazed windows. The main bedroom offers generous dimensions, while the others provide flexible space for family members or guests. The upstairs shower room supports daily functionality but stands ready for modernization. Outside, the property features both front and rear gardens with potential for landscaping or even off-street parking at the front. The rear garden is versatile, comprising a mix of concrete and lawn areas that could be redesigned to create an appealing outdoor retreat. Additionally, side access makes it convenient for any future renovations or expansions. Strategically located in Gorleston-on-Sea, this home benefits from proximity to local amenities including shops and schools as well as excellent transport links. The coastal town is a mere two miles from Great Yarmouth and boasts recreational facilities such as golf courses and sandy beaches. This property represents not just a home but an investment opportunity where you can put your mark on it while benefiting from its favorable location—truly a canvas awaiting transformation.

Investment Analysis

(NR31 area)

Below Market Value

This property is priced -15.6% below area average per sq ft

-15.6%
Potential saving
This Property
£216/sq ft
Area Average
£256/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£215,016
10% above area average per sq ft
Potential ROI
+4.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR31)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -4.4%
5 year growth: 19.8%
Investment Disclaimer: Analysis based on NR31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Hertford Way, Gorleston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£604
Based on a loan of £123,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE