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Olive Road, New Costessey

East of England

£200,000
Listed on 12/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom property presents a promising opportunity for renovation, positioned within a mature garden setting that offers ample parking and access to a garage. The entrance hall provides a central point leading to all rooms, ensuring a functional layout. The sitting room features a front-facing double-glazed window and a gas fire, suggesting potential for cozy living spaces. The kitchen includes base units and space for appliances with connectivity to the bathroom and rear lobby—ideal for modernizing into an open-plan design. Each bedroom benefits from natural light, with the third bedroom uniquely featuring a shower cubicle, which could be reconfigured or enhanced for improved functionality. Outside, the enclosed rear garden invites landscaping opportunities while maintaining privacy.

Investment Analysis

(NR5 area)
Area Average
£280/sq ft
Avg Rent (weekly)
£499
Avg Yield
9.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Olive Road, New Costessey
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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
£733
Based on a loan of £150,000 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