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The Turnpike, Bunwell, NR16

East of England

£325,000
Listed on 07/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1198 sqft

Description

This detached three-bedroom bungalow presents a compelling opportunity for those looking to invest in a property with significant potential. Nestled on a triangular plot, the home is surrounded by lush lawns and offers delightful views of the countryside, providing both convenience and versatility. Its layout is particularly appealing for single-storey living, making it suitable for families or individuals seeking ease of access. The driveway grants ample off-road parking space for multiple vehicles, including options for caravans or motorhomes. Gated access on both sides enhances privacy and functionality. The property features double-glazed windows and doors, oil-fired central heating, solar panels, and a private treatment plant drainage system. The loft space adds an extra layer of potential – ideal for additional storage or future conversion (subject to planning permissions). The heart of the home is the kitchen/diner, equipped with wall and base units and featuring a social layout perfect for family gatherings. It comes complete with essential appliances and space for more. Flowing into the living room through double doors creates an inviting atmosphere that extends into the garden area – perfect for enjoying indoor-outdoor living. A previously added garden room serves as versatile additional space that could be reconfigured based on your preferences. The master bedroom shines with dual aspect views providing natural light, accompanied by two equally spacious bedrooms that can serve various purposes from guest quarters to home offices. The family bathroom is functional yet ripe for modernisation. Outside, the gardens encircle the bungalow offering ample room for leisure activities along with areas suitable for outdoor dining or relaxation while appreciating the scenic surroundings. Notably, there’s a timber-built double garage plus an outbuilding fitted with light and power – ideal for creative projects or professional use. This property holds tremendous promise for reconfiguration and enhancement to suit contemporary lifestyles.

Investment Analysis

(NR16 area)

Below Market Value

This property is priced -10.6% below area average per sq ft

-10.6%
Potential saving
This Property
£271/sq ft
Area Average
£303/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £55,000
Target Value
£399,689
10% above area average per sq ft
Potential ROI
+5.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
59%
Properties sold annually

Local Market Trend (NR16)

Area prices are falling by -4.4% over the last 12 months
3 year growth: -8.2%
5 year growth: +2.5%
Investment Disclaimer: Analysis based on NR16 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

The Turnpike, Bunwell, NR16
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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
£1,172
Based on a loan of £243,750 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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