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2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 1
2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 2
2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 3
2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 4
2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 5
2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 6
2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 7
2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 8
2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 9
2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 10
2 The Street, Earsham, Bungay, Norfolk NR35 2TZ - Image 11

2 The Street, Earsham, Bungay, Norfolk NR35 2TZ

East of England

£140,000
Listed on 10/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
812 sqft

Description

This three-bedroom semi-detached house presents a compelling opportunity for renovation and investment. Currently vacant, the property is primed for a comprehensive refurbishment, allowing for customization to suit personal taste or market demand. With oil-fired central heating and sealed unit double glazing already in place, there are functional elements that can serve as a solid foundation for modernization. Set within the village of Earsham, the location offers convenient access to the nearby market town of Bungay, where residents can find a diverse range of shops, schools, and essential amenities. This accessibility enhances both the livability of the property and its potential resale value after improvements. In terms of layout, the ground floor includes a welcoming hallway leading to a lounge, kitchen, utility room, and bathroom. The first floor features three bedrooms that could be transformed into comfortable living spaces. Outside, the property benefits from a sizable front and rear garden with ample off-road parking available at the front—a valuable asset in residential settings. Given its condition and location, this house serves as an excellent project for owner-occupiers looking to create their ideal home or for builders and investors aiming to capitalize on the demand for updated housing in this area. Overall, this property represents not just a residence but also an opportunity for significant value enhancement through thoughtful renovations.

Investment Analysis

(NR35 area)

Below Market Value

This property is priced -40.6% below area average per sq ft

-40.6%
Potential saving
This Property
£172/sq ft
Area Average
£291/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£259,475
10% above area average per sq ft
Potential ROI
+44.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (NR35)

Area prices are rising by +2.4% over the last 12 months
3 year growth: 0.0%
5 year growth: 19.0%
Investment Disclaimer: Analysis based on NR35 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.

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Location

2 The Street, Earsham, Bungay, Norfolk NR35 2TZ
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