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Jerningham Road, Norwich

East of England

£250,000
Listed on 27/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
761 sqft

Description

Nestled in a tranquil residential neighborhood, this semi-detached bungalow presents a promising opportunity for those looking to renovate and inject personal style into their living space. The property features spacious accommodations including a generous lounge that flows seamlessly into the rear garden through French doors, complemented by an inviting open fireplace. Additionally, it encompasses a functional kitchen and bathroom alongside three ample double bedrooms, offering flexibility for various uses such as guest rooms or home offices. Recent upgrades include brand new UPVC double glazed windows and gas central heating, while off-road parking adds to the convenience. The long enclosed rear garden provides a private outdoor retreat ripe for enhancement or landscaping. With no onward chain, this property is ideal for buyers seeking a straightforward renovation project. Located on Jerningham Road in Costessey, the area combines the charm of rural living with easy access to urban amenities. Norwich is just a brief drive or bike ride away, with excellent transport links via the A47 and NDR, plus regular bus services connecting you to the city center and train station. Outdoor enthusiasts can enjoy nearby Marriott’s Way—a popular route perfect for walking, cycling, or running—while local conveniences such as cafés, pubs, shops, and healthcare services are within walking distance. Families will appreciate the proximity to reputable schools such as St Augustine’s Catholic Primary School and Taverham High School. The surrounding region is also rich in green spaces including parks and fishing lakes. Overall, this bungalow offers significant potential for value enhancement in an appealing community.

Investment Analysis

(NR5 area)

Above Market Value

This property is priced +16.0% above area average per sq ft

+16.0%
This Property
£329/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£443
Avg Yield
8.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£237,067
10% above area average per sq ft
Potential ROI
-18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (NR5)

Area prices are falling by -3.7% over the last 12 months
3 year growth: -7.6%
5 year growth: +8.3%
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

Jerningham Road, Norwich
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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
£902
Based on a loan of £187,500 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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