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Repps with Bastwick NR29

East of England

£120,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
591 sqft

Description

This detached bungalow, situated along the banks of the River Thurne, presents a compelling opportunity for renovation enthusiasts and investors alike. While it is currently in need of comprehensive refurbishment, its unique riverside position and absence of immediate neighbors create a tranquil setting that enhances its appeal. The layout includes an open plan lounge and dining area, which benefits from double aspect windows that frame views of the river and adjacent marshland. This space can be reimagined to maximize natural light and the picturesque surroundings. The kitchen, although compact, is equipped with essential fittings and provides room for updates that could transform it into a more functional culinary space. The bungalow features two bedrooms; the master benefits from built-in storage alongside an en-suite cloakroom, while the second bedroom offers versatility for use as a guest room or home office. Additional facilities include a shower room and a rear hallway with plumbing for a washing machine. Outside, the property boasts approximately 50 feet of quay headed river frontage and a dedicated mooring dock. The grounds require landscaping work but hold potential for creating an inviting outdoor area to complement waterfront living. Located in Repps with Bastwick near Potter Heigham, this property is part of a desirable Broadland community. The village offers essential amenities including shops, a café, and boat yards, with convenient transport links to Great Yarmouth and Norwich. Prospective buyers should note that while this bungalow requires significant repairs—particularly around the timber decking—it also provides an excellent canvas for those looking to invest in a riverside retreat with long-term potential. With ground rent established until 2085 and reasonable service charges, this property stands as an appealing option for both personal use or rental income following renovation.

Investment Analysis

(NR29 area)

Below Market Value

This property is priced -28.5% below area average per sq ft

-28.5%
Potential saving
This Property
£203/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£184,661
10% above area average per sq ft
Potential ROI
-12.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NR29)

Area prices are rising by +24.5% over the last 12 months
3 year growth: 25.1%
5 year growth: 40.7%
Investment Disclaimer: Analysis based on NR29 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

Repps with Bastwick NR29
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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
£440
Based on a loan of £90,000 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