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Vicarage Close, Costessey

East of England

£400,000
Listed on 11/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1068 sqft

Description

This distinctive detached home is situated on a generous corner plot in the tranquil area of Costessey, showcasing remarkable potential for renovation and expansion. The layout offers spacious, flexible living areas that are ripe for modernization, with the possibility to enhance the existing open-plan reception space that seamlessly connects family life with entertaining. The property features three versatile bedrooms and an expansive double garage, which presents an exciting opportunity for conversion into additional living space or a self-contained unit (subject to planning permission). The wrap-around gardens provide ample room for outdoor improvements or landscaping projects. With bright interiors and a welcoming entrance hall, this residence is designed to accommodate various lifestyles while also providing room for future growth. Additionally, its proximity to local amenities and schools adds further value to this investment opportunity in a highly desirable neighborhood.

Investment Analysis

(NR8 area)

Above Market Value

This property is priced +22.8% above area average per sq ft

+22.8%
This Property
£375/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£265
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£358,197
10% above area average per sq ft
Potential ROI
-20.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
68%
Properties sold annually

Local Market Trend (NR8)

Area prices are rising by +3.8% over the last 12 months
3 year growth: +0.8%
5 year growth: +17.1%
Investment Disclaimer: Analysis based on NR8 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

Vicarage Close, Costessey
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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
£1,443
Based on a loan of £300,000 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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