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Gorse Road, Thorpe St. Andrew, Norwich - Image 1
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Gorse Road, Thorpe St. Andrew, Norwich

East of England

£240,000
Listed on 09/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
679 sqft

Description

This semi-detached bungalow presents a prime opportunity for renovation and investment, ideally located near local amenities and the city center. Originally designed as a three-bedroom home, the property has the potential to revert back to its original layout with minimal effort. Inside, the hallway branches out to two bedrooms, including a main bedroom that benefits from a bay window, enhancing natural light. The property features a spacious sitting room with French doors leading to a generous rear garden, which offers ample scope for extension (subject to planning) while maintaining an inviting outdoor area. The kitchen is fully fitted with integrated appliances and sufficient workspace, complemented by a utility area and a modern shower room. The driveway accommodates multiple vehicles, enhancing convenience. With its well-enclosed rear garden and good-sized rooms, this property is ready for updates that could significantly elevate its market value.

Investment Analysis

(NR7 area)

Above Market Value

This property is priced +13.5% above area average per sq ft

+13.5%
This Property
£353/sq ft
Area Average
£311/sq ft
Avg Rent (weekly)
£244
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£232,585
10% above area average per sq ft
Potential ROI
-15.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (NR7)

Area prices are rising by +6.5% over the last 12 months
3 year growth: -2.1%
5 year growth: +16.5%
Investment Disclaimer: Analysis based on NR7 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

Gorse Road, Thorpe St. Andrew, Norwich
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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
£866
Based on a loan of £180,000 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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