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Gloucester Avenue, Gorleston

East of England

£240,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
959 sqft

Description

Located in the desirable Gorleston-on-Sea, this semi-detached bungalow on Gloucester Avenue presents a valuable opportunity for renovation enthusiasts or investors. Offering off-road parking for up to three vehicles and a garage, this property is well-situated to benefit from its proximity to local amenities, schools, and the beach. Inside, you'll find two reception rooms: one bright space with ample natural light at the front of the home and another at the rear that opens through French doors to a south-facing garden — perfect for outdoor gatherings. The kitchen is functional yet could use some modernisation, providing an opportunity for personal touches. The wet room enhances convenience but may also require updating. The two bedrooms include one that shows signs of subsidence, presenting potential for significant improvement and value addition. A summer house in the garden offers further possibilities for hobby space or relaxation. With all mains services connected and within walking distance to Gorleston's amenities and scenic waterfront, this property holds immense potential waiting for creative transformation.

Investment Analysis

(NR31 area)

Below Market Value

This property is priced -1.5% below area average per sq ft

-1.5%
Potential saving
This Property
£250/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£212
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£268,156
10% above area average per sq ft
Potential ROI
-4.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (NR31)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -5.1%
5 year growth: +15.0%
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.

Location

Gloucester Avenue, Gorleston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£866
Based on a loan of £180,000 over 30 years at 4.06% 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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