This spacious four-bedroom detached chalet bungalow is set on a generous corner plot in the desirable residential area of Costessey, Norwich. With its versatile layout and size, the property offers significant renovation and investment potential, making it suitable for a variety of buyers—whether you are looking to invest, develop, or create a family home.
Currently occupied by a tenant under a short-term tenancy agreement, the property provides an immediate rental income of £975 per month or £11,700 annually. The existing agreement is set to continue until November 15, 2025, after which it transitions to a month-to-month arrangement. This feature presents an attractive opportunity for investors seeking steady income while also allowing flexibility for future planning.
The interior layout spans two levels and features well-proportioned living areas that can accommodate diverse needs. The ground floor includes an inviting entrance hall, a spacious lounge perfect for family gatherings, a kitchen with potential for upgrades, and two sizeable bedrooms. The first floor hosts an additional two bedrooms, enhancing its appeal as either a family residence or shared rental space.
The property's corner plot enhances privacy and offers potential for landscaping or extensions pending necessary planning permissions—adding even more value down the line. Additionally, off-road parking is available, which is highly valued in this locale.
Situated in Hillvue Close, this well-established cul-de-sac boasts easy access to local amenities such as schools, shops, and healthcare facilities while maintaining proximity to the A47 and A11 for excellent transport links across Norfolk. Just a short drive from Norwich city center—known for its rich cultural scene and extensive business offerings—the location further adds to the property's appeal. Outdoor leisure activities are easily accessible as well; both the Norfolk Broads and North Norfolk coastline are within reasonable reach.
In summary, this detached chalet bungalow not only stands out due to its ample accommodation and corner position but also represents a promising investment opportunity in an emerging suburban market. Whether you choose to retain it as a rental asset or take advantage of its renovation possibilities, this property has much to offer moving forward.
