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Cornwallis Close, Norwich - Image 1

Cornwallis Close, Norwich

East of England

£240,000
Listed on 31/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow

Description

This three-bedroom detached bungalow presents a significant opportunity for those looking to invest in a property that requires comprehensive internal refurbishment. With the potential to modernise and create a bespoke living space, this home is particularly appealing to developers, investors, or first-time buyers seeking to add substantial value. Occupying a generous plot, the property includes a garage and private driveway, alongside a large rear garden that serves as a blank canvas for landscaping or extension possibilities. The layout features a central hallway connecting three spacious bedrooms to the kitchen and bathroom, while the full-width lounge offers an inviting living area for future enhancement. Situated in the desirable Clover Hill area, you are conveniently located just west of Norwich city centre, with quick access to local amenities and nearby natural attractions like Bowthorpe Marsh. This bungalow is free from onward chain complications, making it an ideal candidate for swift renovation efforts.

Investment Analysis

(NR5 area)
Area Average
£284/sq ft
Avg Rent (weekly)
£429
Avg Yield
8.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £55,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR5)

Area prices are falling by -6.0% over the last 12 months
3 year growth: -9.0%
5 year growth: +3.4%
Investment Disclaimer: Analysis based on NR5 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

Cornwallis Close, Norwich
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£850
Based on a loan of £180,000 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.

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