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North Road, Ormesby

East of England

£475,000

Listed on 29/06/2026

Property details

Bedrooms
4
Type
Detached
Area
2281 sqft

Description

Nestled in the charming village of Ormesby, this distinctive detached property offers a unique opportunity for renovation and investment. With its four spacious bedrooms and versatile living areas, the home is designed to adapt to various lifestyle needs, including potential for a self-contained annexe—ideal for extended family arrangements or as a rental space. The entrance hall, adorned with solid oak herringbone parquet flooring, welcomes you into a home filled with character. The expansive kitchen/breakfast room, featuring a Rangemaster oven, opens up into light-filled communal spaces that are perfect for entertaining or family gatherings. Additional utilities like an office space and ample storage enhance daily functionality. A notable aspect is the double garage equipped with electric roller doors and three-phase power, which can serve as an excellent workshop or charging station for electric vehicles. Outside, the generous west-facing garden boasts beautifully landscaped areas ideal for relaxation and outdoor entertainment, complete with multiple seating options and a greenhouse—a great asset for gardening enthusiasts. The property sits within walking distance to local amenities such as shops and schools while being well-connected by public transport to nearby towns. With extensive refurbishing potential throughout—particularly in creating an annexe or modernising existing features—this residence stands out as a promising project for those looking to invest in a vibrant community environment.

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Investment analysis

(NR29 area)

Below Market Value

This property is priced -27.0% below area average per sq ft

-27.0%
Potential saving
This Property
£208/sq ft
Area Average
£285/sq ft
Avg Rent (weekly)
£248
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£716,223
10% above area average per sq ft
Potential ROI
+33.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (NR29)

Area prices are rising by +10.8% over the last 12 months
3 year growth: +3.2%
5 year growth: +16.9%
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

North Road, Ormesby
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,794
Based on a loan of £356,250 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-4.0% since listed
£475,000£20,000(-4.0%)
30/06/2026
Current price
£495,000Initial listing
02/10/2025

Next Steps

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