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Cross Road, Gorleston

East of England

£240,000
Listed on 19/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
2264 sqft

Description

This Edwardian bungalow, centrally located in the desirable coastal town of Gorleston, holds considerable renovation potential. Just a short stroll from the bustling High Street, the property features two spacious double bedrooms and a versatile bay-fronted lounge which could easily transform into a third bedroom. The dining room, with its original fireplace, is flooded with natural light and invites a reimagining of its use as either an entertainment space or a home office. The kitchen/breakfast area offers ample room for improvement and customization while retaining practical features like a pantry and a utility space that conveniently leads to the garage. The home boasts high ceilings and additional spaces such as a 23-foot attic ripe for conversion, providing an exciting opportunity for expansion (subject to necessary approvals). An expansive cellar further enhances storage options or could be converted into a creative studio. Outdoor areas include a wraparound garden, drive leading up to the detached garage offering essential off-road parking. With no onward chain, this property is primed for those looking to invest in a home that can be tailored to modern living standards while benefiting from its unique character.

Investment Analysis

(NR31 area)

Below Market Value

This property is priced -58.4% below area average per sq ft

-58.4%
Potential saving
This Property
£106/sq ft
Area Average
£255/sq ft
Avg Rent (weekly)
£214
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£634,429
10% above area average per sq ft
Potential ROI
+122.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR31)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -7.6%
5 year growth: +12.7%
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

Cross Road, Gorleston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£850
Based on a loan of £180,000 over 30 years at 3.91% 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

Price History

-5.9% since listed
£240,000£5,000(-2.0%)
22/03/2026
Current price
£245,000£5,000(-2.0%)
10/02/2026
£250,000£5,000(-2.0%)
07/01/2026
£255,000Initial listing
30/12/2025

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