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Lancaster Road, Great Yarmouth

East of England

£100,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
484 sqft

Description

Nestled conveniently between Great Yarmouth's vibrant town centre and the picturesque seafront, this terraced cottage presents an exceptional opportunity for renovation and investment. The property welcomes you with a double-glazed door that opens into a comfortable living room, seamlessly leading to a dining area and compact kitchen. The layout offers a solid foundation for reimagining the space according to modern preferences. Outdoors, a small courtyard provides an inviting private area that could easily be transformed into a charming retreat with some landscaping and personal touches. On the upper level, you’ll find two distinct bedrooms along with a bathroom, both of which hold significant potential for updates. While the property does require some attention—particularly in the kitchen and bathroom—it is an appealing project for first-time buyers or savvy investors looking to add value through thoughtful renovations. With its prime location and inherent charm, this cottage stands as a promising canvas ready for transformation.

Investment Analysis

(NR30 area)

Above Market Value

This property is priced +4.2% above area average per sq ft

+4.2%
This Property
£207/sq ft
Area Average
£198/sq ft
Avg Rent (weekly)
£187
Avg Yield
4.4%

Renovation Potential

Est. Renovation Cost
£10,000 - £25,000
10-25% of property value
Target Value
£105,575
10% above area average per sq ft
Potential ROI
-15.5%
After renovation
Monthly Sales
22
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NR30)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 6.0%
5 year growth: 28.3%
Investment Disclaimer: Analysis based on NR30 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

Lancaster Road, Great Yarmouth
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