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Connaught Avenue, Gorleston

East of England

£275,000
Listed on 03/10/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1693 sqft

Description

Situated in a sought-after residential area, this semi-detached home presents an excellent opportunity for renovation and investment. With four bedrooms—including three spacious doubles—this property offers ample living space for families or potential renters. The original character of the home is evident throughout, featuring classic bay windows with stained glass accents and spacious rooms filled with natural light. A welcoming reception hall leads into a generous lounge and a sizeable dining room, both equipped with traditional tiled fireplaces that could become focal points after a thoughtful update. The kitchen, while functional, holds significant potential for modern enhancement, providing an inviting layout that could easily be transformed into a contemporary cooking space. On the upper floor, the bedrooms maintain the property’s historical charm and provide a blank canvas for personalization. The layout includes built-in storage options and a bathroom that could benefit from modernization, enhancing both comfort and functionality. Outdoor spaces include an enclosed lawn garden at the front and rear as well as brick-built storage sheds—ideal for additional utility or even conversion into a home office. Notably, there is clear potential to create off-street parking along Kent Avenue, subject to planning consent. Location-wise, this property boasts convenient access to local schools for all ages, the James Paget University Hospital, Gorleston High Street's shops and eateries, as well as being just a short distance from the scenic seafront. Regular bus services connect to Great Yarmouth, Lowestoft, Norwich, and surrounding areas. Although requiring some modern updates to reach its full potential, this property presents an exciting opportunity for those looking to invest in a home where they can infuse their personal style while benefiting from its prime location and inherent value.

Investment Analysis

(NR31 area)

Below Market Value

This property is priced -36.5% below area average per sq ft

-36.5%
Potential saving
This Property
£162/sq ft
Area Average
£256/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£476,469
10% above area average per sq ft
Potential ROI
+51.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR31)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -4.4%
5 year growth: 19.8%
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

Connaught Avenue, Gorleston
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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
£1,007
Based on a loan of £206,250 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