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20 Greenacres, Woodfarm Lane, Gorleston, Great Yarmouth, Norfolk NR31 7JA - Image 1
20 Greenacres, Woodfarm Lane, Gorleston, Great Yarmouth, Norfolk NR31 7JA - Image 2
20 Greenacres, Woodfarm Lane, Gorleston, Great Yarmouth, Norfolk NR31 7JA - Image 3
20 Greenacres, Woodfarm Lane, Gorleston, Great Yarmouth, Norfolk NR31 7JA - Image 4
20 Greenacres, Woodfarm Lane, Gorleston, Great Yarmouth, Norfolk NR31 7JA - Image 5
20 Greenacres, Woodfarm Lane, Gorleston, Great Yarmouth, Norfolk NR31 7JA - Image 6
20 Greenacres, Woodfarm Lane, Gorleston, Great Yarmouth, Norfolk NR31 7JA - Image 7
20 Greenacres, Woodfarm Lane, Gorleston, Great Yarmouth, Norfolk NR31 7JA - Image 8

20 Greenacres, Woodfarm Lane, Gorleston, Great Yarmouth, Norfolk NR31 7JA

East of England

£125,000
Listed on 13/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terraced property presents a noteworthy opportunity for both first-time buyers and investors looking to enter the rental market. Previously tenanted and generating a monthly rental income of £600, this home is now vacant and ready for renovation. Located conveniently near James Paget Hospital, it benefits from a community of similar properties. The kitchen is relatively modern, having been fitted just eight years ago, but there are visible signs of wear and tear in the décor throughout the house, particularly in the bathroom which would benefit from an upgrade. The layout comprises an entrance hall leading to a lounge/diner, alongside a functional kitchen on the ground floor. Upstairs hosts two double bedrooms and a bathroom. Externally, this property includes front and rear gardens as well as off-street parking. The potential for improvement makes this home an interesting prospect for those looking to enhance its value with some strategic updates.

Investment Analysis

(NR31 area)
Area Average
£255/sq ft
Avg Rent (weekly)
£214
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR31)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -7.6%
5 year growth: +12.7%
Investment Disclaimer: Analysis based on NR31 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

20 Greenacres, Woodfarm Lane, Gorleston, Great Yarmouth, Norfolk NR31 7JA
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£443
Based on a loan of £93,750 over 30 years at 3.91% 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

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