Worst House on the Street Logo
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 1
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 2
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 3
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 4
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 5
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 6
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 7
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 8
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 9
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 10
32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY - Image 11

32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY

East of England

£140,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
635 sqft

Description

This two-bedroom terraced house presents a notable opportunity for both renovation and investment in the desirable village of Ormesby. Located within a well-regarded development, the property boasts generous proportions, including sizeable front and rear gardens, along with allocated parking at the back. Having recently become vacant after a long-term tenancy, the home is primed for updates and improvements. Its spacious layout includes an entrance porch, hallway, lounge/diner, kitchen, and garden room on the ground floor. Upstairs, you'll find two double bedrooms and a family bathroom. The property offers a solid foundation for first-time buyers looking to customize their living space or investors seeking a buy-to-let opportunity. The exterior features a front garden enhanced with mature shrubs leading to the entrance. At the rear, there is potential for further development; a private roadway grants access to parking for two to three vehicles and may allow for garage construction with necessary permissions. The back garden is fully enclosed, offering privacy with ample lawn space and patio areas ideal for personal touches or landscaping. In terms of rental potential, similar properties in the area have been known to achieve around £900 per month—indicating strong returns for investment-minded buyers. With its blend of charm and opportunity for enhancement, this home represents an appealing prospect in an attractive location. Viewing appointments are available to explore this property further.

Investment Analysis

(NR29 area)

Below Market Value

This property is priced -22.4% below area average per sq ft

-22.4%
Potential saving
This Property
£220/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£229
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£198,409
10% above area average per sq ft
Potential ROI
+20.2%
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

32 Spruce Avenue, Ormesby, Great Yarmouth, Norfolk NR29 3RY
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£513
Based on a loan of £105,000 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE