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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 on Gloucester Avenue in the desirable coastal town of Gorleston-on-Sea, this semi-detached bungalow presents an appealing opportunity for buyers focused on renovation and investment potential. The property features off-road parking accommodating up to three vehicles, along with a garage for additional storage needs. Its south-facing garden provides a bright outdoor space for relaxation or gardening pursuits. Inside, the layout comprises two reception rooms; one is filled with natural light from a large front-facing window, while the second reception room boasts French doors leading directly into the garden, fostering a seamless indoor-outdoor connection. The kitchen, currently practical but dated, allows for a creative redesign to meet modern standards. A wet room ensures accessibility and convenience but could also benefit from updates. The two bedrooms offer comfortable spaces—however, it’s important to note that one bedroom shows signs of subsidence and will likely require structural attention. This aspect affords the savvy buyer the chance to enhance value through necessary improvements. Completing this property is a summer house situated at the end of the garden, which can serve as an ideal retreat or hobby space. With local amenities including shops, schools, and beaches in close proximity, this bungalow not only offers great potential for transformation but also supports everyday living in a vibrant community known for its family-friendly atmosphere.

Investment Analysis

(NR31 area)

Below Market Value

This property is priced -1.8% below area average per sq ft

-1.8%
Potential saving
This Property
£250/sq ft
Area Average
£255/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£268,789
10% above area average per sq ft
Potential ROI
-4.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (NR31)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -6.3%
5 year growth: 15.8%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£879
Based on a loan of £180,000 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