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Gorse Road, Thorpe St. Andrew, Norwich - Image 1
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Gorse Road, Thorpe St. Andrew, Norwich

East of England

£240,000

Listed on 09/03/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
671 sqft

Description

This semi-detached bungalow presents an excellent opportunity for renovation or modernization, situated conveniently near local amenities and the city centre. Previously configured as a three-bedroom home, there is significant potential to revert it back to its original layout, enhancing its value and functionality. The entrance hallway connects all living spaces efficiently, leading to a bright main bedroom featuring a bay window that floods the space with natural light. Adjacent is a second bedroom which provides flexibility for guests or family. The spacious sitting room boasts French doors that open directly onto the private garden, facilitating seamless indoor-outdoor living. It flows into a versatile family/dining room which has previously served as an additional bedroom, providing multiple options for reconfiguration according to your needs. The kitchen is fully fitted with integrated appliances and ample work surfaces for cooking enthusiasts, while a dedicated utility area adds convenience with extra storage and appliance space. In terms of refurbishment, this property requires medium-level updating, including potential kitchen and bathroom enhancements and possibly reconfiguring living spaces. The generous rear garden allows for extension possibilities (subject to planning), ensuring substantial outdoor space remains available. Overall, this property caters well to investors or homeowners looking to increase their equity through thoughtful renovations.

Investment Analysis

(NR7 area)

Above Market Value

This property is priced +13.8% above area average per sq ft

+13.8%
This Property
£358/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£274
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£232,022
10% above area average per sq ft
Potential ROI
-17.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NR7)

Area prices are rising by +3.4% over the last 12 months
3 year growth: -1.1%
5 year growth: +15.7%
Investment Disclaimer: Analysis based on NR7 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

Gorse Road, Thorpe St. Andrew, Norwich
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£907
Based on a loan of £180,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

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