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Great Melton Road, Hethersett, NORWICH

East of England

£215,000
Listed on 22/04/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
618 sqft

Description

This two-bedroom bungalow is presented to the market without a chain, offering an appealing opportunity for those looking to invest in a property with significant potential. The home currently requires modernization, making it ideal for buyers who wish to customize and enhance its living space to match their preferences. Featuring single-level accommodation, the layout is practical and accessible, accommodating various buyer needs including downsizers or families wanting a project. With well-sized rooms that provide a solid foundation for improvements, the bungalow invites renovations that could range from cosmetic updates to more comprehensive refurbishments. Externally, the property boasts ample off-road parking for up to three vehicles and a garage for additional storage. The rear garden is predominantly lawned, ensuring low maintenance while still offering the chance for minor landscaping or personal touches. This property also presents an excellent opportunity for gradual renovations tailored to individual tastes, making it a worthwhile consideration for those seeking value in their investment.

Investment Analysis

(NR9 area)

Above Market Value

This property is priced +11.3% above area average per sq ft

+11.3%
This Property
£348/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£287
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£212,505
10% above area average per sq ft
Potential ROI
-13.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR9)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -5.9%
5 year growth: +3.6%
Investment Disclaimer: Analysis based on NR9 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

Great Melton Road, Hethersett, NORWICH
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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
£761
Based on a loan of £161,250 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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