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3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 1
3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 2
3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 3
3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 4
3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 5
3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 6
3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 7
3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 8
3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 9
3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 10
3 Arnfield Lane, Norwich, Norfolk NR5 0EB - Image 11

3 Arnfield Lane, Norwich, Norfolk NR5 0EB

East of England

£160,000
Listed on 15/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1216 sqft

Description

This two-bedroom detached bungalow presents a promising opportunity for those looking to invest in a property with renovation potential. Currently vacant, the home requires modernization, allowing buyers to tailor it to their personal taste and needs. There is also considerable scope for extension or redevelopment, subject to planning permission, making it an ideal candidate for expansion. Nestled off a private drive in the sought-after suburb of Costessey, the bungalow enjoys a tranquil setting while remaining within easy reach of local amenities and transport connections to Norwich city center. This prime location enhances its appeal, offering both serenity and convenience. The layout includes an entrance hall leading into a spacious lounge and adjacent dining room, a kitchen, two bedrooms, and a bathroom. A conservatory adds extra living space and overlooks the large rear garden. Additionally, the property is equipped with a driveway and garage, along with various outbuildings within the expansive outdoor area. The generous plot size not only provides ample space for gardening or recreational activities but also enhances the potential for future development opportunities. Buyers seeking a project that can be transformed into their ideal home or investment property will find this bungalow particularly appealing. With its mixture of location benefits and renovation potential, this property is an excellent choice for those looking to create value through thoughtful updates and expansions.

Investment Analysis

(NR5 area)

Below Market Value

This property is priced -53.1% below area average per sq ft

-53.1%
Potential saving
This Property
£132/sq ft
Area Average
£280/sq ft
Avg Rent (weekly)
£499
Avg Yield
9.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£375,130
10% above area average per sq ft
Potential ROI
+87.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR5)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -5.7%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on NR5 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

3 Arnfield Lane, Norwich, Norfolk NR5 0EB
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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
£586
Based on a loan of £120,000 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