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Wood Lane, Swardeston

East of England

£240,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1123 sqft

Description

This three-bedroom detached bungalow presents a distinctive opportunity for those looking to invest in a property with significant renovation potential. Nestled along a quiet private road in the desirable village of Swardeston, the home offers both off-road parking and a garage, ensuring convenience and practicality. The interior layout is traditional, featuring a well-proportioned living space that includes a light-filled lounge and an inviting sunroom that opens to the garden. The kitchen provides adequate cabinetry and workspace, though it would benefit from modern updating. Each of the three bedrooms is spacious, providing flexibility for families or individuals seeking home office space or guest accommodations. With some refurbishment, this property could truly reflect personal style while enhancing its value. The generous south-facing garden offers privacy as it is free from being overlooked, presenting an excellent opportunity for landscaping, outdoor entertaining, or simply enjoying tranquil moments outdoors. The overall footprint of the property affords the chance for significant reimagining whether through cosmetic updates or larger renovations. Swardeston itself boasts a strong sense of community and is surrounded by beautiful Norfolk countryside ideal for nature enthusiasts. While it retains a peaceful atmosphere, amenities are easily accessible in nearby villages like Mulbarton and Hethersett. For more extensive shopping options and recreational activities, Norwich city centre is just a short drive away. This property comes with no onward chain, facilitating a smoother transition into ownership. With its prime location and substantial potential for enhancement, this bungalow represents an appealing project for buyers looking to invest in both their future lifestyle and property value.

Investment Analysis

(NR14 area)

Below Market Value

This property is priced -31.6% below area average per sq ft

-31.6%
Potential saving
This Property
£214/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£386,217
10% above area average per sq ft
Potential ROI
+37.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NR14)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -8.7%
5 year growth: 7.4%
Investment Disclaimer: Analysis based on NR14 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

Wood Lane, Swardeston
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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
£879
Based on a loan of £180,000 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