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Gloucester Avenue, Gorleston

East of England

£250,000
Listed on 18/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
959 sqft

Description

This semi-detached bungalow, located in the desirable coastal town of Gorleston-on-Sea, presents an excellent opportunity for renovation and investment. With two bedrooms and a variety of features, this property is ripe for transformation into a modern living space tailored to your preferences. The exterior offers off-road parking for up to three vehicles along with a single garage, providing practical solutions for storage or vehicle accommodation. A sunny south-facing garden enhances outdoor appeal, ideal for gardening enthusiasts or those looking to create an inviting entertaining area. At the end of the garden, a summer house adds potential as a quiet retreat or creative workspace. Inside, the bungalow consists of two reception rooms. The front room is characterized by ample natural light from the large window, making it suitable for a cozy living space. The second reception room has French doors that open onto the garden, seamlessly connecting indoor and outdoor environments — an excellent feature for entertaining guests during warmer months. The kitchen is functional and spacious enough to accommodate updates that suit contemporary tastes. Additionally, the wet room provides convenience and accessibility; however, prospective buyers should note that one of the bedrooms exhibits signs of subsidence. This could present an opportunity for skilled individuals or investors to enhance value through necessary repairs and renovations. Nestled within a well-regarded area of Gorleston-on-Sea, the property benefits from close proximity to local amenities including shops, cafes, schools, and healthcare services. The nearby Gorleston Beach offers recreational opportunities with its scenic promenades and sandy shores—perfect for weekend strolls or leisurely days by the sea. Excellent transport links facilitate easy access to surrounding areas such as Great Yarmouth and Norwich, enhancing commuting options or broader exploration of local attractions. This bungalow stands out as a promising project for first-time buyers, downsizers seeking low-maintenance living with scope for personalisation, or investors aiming to capitalize on its renovation potential in a sought-after location.

Investment Analysis

(NR31 area)

Above Market Value

This property is priced +1.3% above area average per sq ft

+1.3%
This Property
£261/sq ft
Area Average
£257/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£271,426
10% above area average per sq ft
Potential ROI
-3.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR31)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -1.9%
5 year growth: 21.7%
Investment Disclaimer: Analysis based on NR31 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

Gloucester Avenue, Gorleston
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