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New College Close, Gorleston

East of England

£150,000
Listed on 24/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace property presents a promising opportunity for both first-time buyers and investors. Offered chain-free, it features a well-laid-out open plan kitchen/diner which can be further enhanced to modern standards. The home comprises two comfortable bedrooms accessed off a central landing, ensuring functional living space. With gas central heating installed, the property is ready for immediate occupancy while offering considerable potential for renovations that could elevate its value. The outdoor area includes a private rear driveway and storage options, allowing for personalisation and enhancements. Located conveniently near transport links and local amenities in Gorleston-on-Sea, this home combines practical living with an excellent investment opportunity.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £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

New College Close, Gorleston
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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
£531
Based on a loan of £112,500 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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