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Chapel Road, Lingwood, Norwich

East of England

£550,000
Listed on 02/11/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This charming detached home offers a blend of character and potential for renovation, set within a generous plot that presents opportunities for further development (subject to planning permission). Located in the desirable village of Lingwood, this property is ideally situated for those seeking a peaceful countryside lifestyle while still being within easy reach of Norwich's amenities. The house features three bedrooms, along with two to three versatile reception areas that can be tailored to your needs. The ground floor is equipped with a welcoming entrance porch leading to a cozy lounge adorned with a brick fireplace and wooden beams, creating an inviting atmosphere. A dining room connects seamlessly to a sun room that opens up to the garden, providing plenty of natural light and outdoor access. The kitchen is functional yet ripe for modernization, featuring solid wood work surfaces, integrated appliances, and ample storage space. Upstairs, two well-sized bedrooms benefit from pleasant field views and provide the perfect canvas for personalization or expansion. Completing this property is a spacious double garage and additional parking options on-site. With local amenities nearby and excellent transport links making the city accessible, this home stands as an attractive investment opportunity. Whether you envision enhancing the existing living space or exploring the potential for rental income through options like Airbnb, this property holds significant promise for both first-time buyers and seasoned investors alike.

Investment Analysis

(NR13 area)
Area Average
£318/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NR13)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -2.2%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on NR13 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

Chapel Road, Lingwood, Norwich
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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
£2,015
Based on a loan of £412,500 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