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Main Road, Ormesby

East of England

£400,000

Listed on 28/01/2026

Property details

Bedrooms
2
Type
Detached Bungalow

Description

This spacious detached bungalow in the desirable village of Ormesby, St. Michael, presents a unique opportunity for renovation and investment. With its existing layout featuring two generous bedrooms, including an en-suite to the master, this property also offers a family shower room and versatile living spaces such as a large sitting room and a fully equipped kitchen-diner with an island unit. A standout feature is the potential for a loft conversion that could add two additional bedrooms and another bathroom (subject to planning permission). The outdoor areas include front and rear gardens, with ample off-road parking leading to a single garage. The rear garden is particularly noteworthy, boasting mature trees and shrubs along with a conservatory and covered pagoda—ideal for entertaining or relaxation. Given the space available both inside and out, there is substantial potential for improvement or expansion to enhance value further.

Investment analysis

(NR29 area)
Area Average
£285/sq ft
Avg Rent (weekly)
£248
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (NR29)

Area prices are rising by +10.8% over the last 12 months
3 year growth: +3.2%
5 year growth: +16.9%
Investment Disclaimer: Analysis based on NR29 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

Main Road, Ormesby
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,511
Based on a loan of £300,000 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-11.1% since listed
£400,000£10,000(-2.4%)
23/05/2026
Current price
£410,000£15,000(-3.5%)
17/05/2026
£425,000£25,000(-5.6%)
14/02/2026
£450,000Initial listing
29/01/2026

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