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2 St. Nicholas Road, Great Yarmouth, Norfolk NR30 1NL - Image 1
2 St. Nicholas Road, Great Yarmouth, Norfolk NR30 1NL - Image 2
2 St. Nicholas Road, Great Yarmouth, Norfolk NR30 1NL - Image 3
2 St. Nicholas Road, Great Yarmouth, Norfolk NR30 1NL - Image 4
2 St. Nicholas Road, Great Yarmouth, Norfolk NR30 1NL - Image 5
2 St. Nicholas Road, Great Yarmouth, Norfolk NR30 1NL - Image 6
2 St. Nicholas Road, Great Yarmouth, Norfolk NR30 1NL - Image 7

2 St. Nicholas Road, Great Yarmouth, Norfolk NR30 1NL

East of England

£60,000
Listed on 18/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
700 sqft

Description

This two-bedroom mid-terrace house presents a noteworthy opportunity for renovation in the heart of Great Yarmouth, a dynamic seaside town known for its vibrant atmosphere and array of local amenities. Conveniently located near the market place, the property is poised to benefit from both residential and commercial activities in the area. Having served as a rental investment in the past, this vacant property requires refurbishment to unlock its full potential. Equipped with UPVC glazing and gas central heating, it can be updated to meet modern living standards while retaining its classic charm. With some strategic improvements, this home could appeal to future tenants or buyers seeking a coastal retreat. The layout features two spacious reception rooms on the ground floor, along with a functional kitchen and utility/cloakroom. Upstairs, you will find two bedrooms alongside a shower room. This thoughtful configuration allows for flexibility in design, enabling potential investors to reimagine the space according to market demands. Additionally, there is shared access leading to the rear of the property, enhancing outdoor usability—a key feature for many prospective tenants. Given its location and features, this home offers considerable investment potential with an estimated rental yield of £800 per month once renovations are completed. With council tax band A and freehold tenure, this property stands as an appealing project for both seasoned investors and first-time buyers looking to create their vision in a thriving community by the sea.

Investment Analysis

(NR30 area)

Below Market Value

This property is priced -57.5% below area average per sq ft

-57.5%
Potential saving
This Property
£86/sq ft
Area Average
£202/sq ft
Avg Rent (weekly)
£183
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£155,194
10% above area average per sq ft
Potential ROI
+82.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR30)

Area prices are rising by +3.3% over the last 12 months
3 year growth: 2.3%
5 year growth: 26.8%
Investment Disclaimer: Analysis based on NR30 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 St. Nicholas Road, Great Yarmouth, Norfolk NR30 1NL
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