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Blithewood Gardens, Norwich

East of England

£300,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
775 sqft

Description

This three-bedroom detached bungalow is nestled in the desirable suburb of Sprowston, conveniently located just north of the bustling Norwich city center. The property offers a solid foundation for renovation, making it an intriguing opportunity for investors and those looking to personalize their living space to suit their needs. Upon entering, you are greeted by a central hallway that flows into various living areas. The spacious lounge and dining room are filled with natural light, thanks to dual-aspect uPVC windows. Featuring a cozy fireplace, this area presents ample opportunity for creative redesign or modernization. The kitchen/breakfast room comes equipped with essential fixtures, including wall and base units, a double-drainer sink, and space for larger appliances. With some refurbishment, this area has significant potential to become a focal point of the home. This bungalow includes three generously sized bedrooms; the principal bedroom is particularly noteworthy with its built-in wardrobes providing practical storage solutions. A bathroom featuring a three-piece suite rounds out the interior layout but opens the door for updates that could enhance both comfort and functionality. The exterior offers versatile outdoor space, starting with a front lawn accompanied by a driveway ensuring easy off-road parking. Notably, the garage has been transformed into a salon, presenting an attractive option for anyone considering running a home-based business (subject to obtaining necessary permissions). The rear garden offers a peaceful escape with its lawned area and patio, ideal for relaxation or further landscaping potential. Overall, this property stands as an appealing blank canvas in Sprowston—well-situated in a serene residential neighborhood yet close enough to city amenities—making it ripe for renovation or investment ventures.

Investment Analysis

(NR7 area)

Above Market Value

This property is priced +23.3% above area average per sq ft

+23.3%
This Property
£387/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£267,600
10% above area average per sq ft
Potential ROI
-16.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NR7)

Area prices are rising by +6.6% over the last 12 months
3 year growth: -1.0%
5 year growth: 16.3%
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

Blithewood Gardens, Norwich
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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
£1,099
Based on a loan of £225,000 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