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Barkers Lane, Norwich, Norfolk

East of England

£270,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1066 sqft

Description

This spacious two-bedroom detached bungalow presents a promising opportunity for renovation and investment in the sought-after area of Sprowston. The property features an expansive layout ideal for those looking to create a personalized living space. Both bedrooms are generously sized, offering the potential for comfortable family living. Upon entering, you’ll find a welcoming hallway that leads to various living areas, each with ample natural light. The dining room provides a great space for gatherings, with sliding doors that open directly into the rear garden, enhancing indoor-outdoor connectivity. The kitchen, while in need of modernization, is spacious and equipped with basic fixtures, making it a suitable canvas for an updated design. The lounge area is bright and airy thanks to its bay window, providing a cozy place to relax. Each bedroom benefits from built-in wardrobes and large windows, ensuring plenty of light throughout the day. The bathroom offers practical amenities, including an enclosed walk-in shower and sufficient storage options. An adjoining conservatory adds further versatility to the property, serving as an ideal spot for additional relaxation or informal dining. Outside, the bungalow sits on a sizeable plot featuring both a front driveway that accommodates multiple vehicles and an attached garage with power supply. The enclosed rear garden is largely laid to lawn with established plants and greenery that provide privacy—a perfect setting for outdoor activities or future landscaping projects. Located just two miles from Norwich City Centre, this property enjoys proximity to a range of amenities such as shops, leisure facilities, and parks. Sprowston also boasts reputable schools within its catchment area, making it appealing for families. With its generous interior space and outdoor opportunities alongside its prime location, this bungalow holds significant potential for investors or those looking to craft their dream home through thoughtful renovations.

Investment Analysis

(NR7 area)

Below Market Value

This property is priced -19.3% below area average per sq ft

-19.3%
Potential saving
This Property
£253/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£368,079
10% above area average per sq ft
Potential ROI
+18.7%
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

Barkers Lane, Norwich, Norfolk
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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
£989
Based on a loan of £202,500 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