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Gunton Lane, New Costessey, NR5

East of England

£210,000
Listed on 28/04/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
977 sqft

Description

This two-bedroom semi-detached bungalow presents a promising renovation opportunity, ideal for those eager to invest in a property with significant potential. Spanning over 950 sq ft, the layout includes an entrance hall, two generously sized bedrooms, a dining room, bathroom, lean-to, and an expansive kitchen/diner measuring 18'11, all of which overlook the rear garden. While the property requires comprehensive modernisation throughout, it allows for creative improvements that could enhance both functionality and value, making it an appealing option for investors or individuals seeking to personalize their home. Outside, the front is set back behind a low brick wall with a double metal gate providing access. The gravelled area leads up to the entrance and is complemented by side driveway parking. A covered space exists to the side for sheltered storage or additional parking needs. The rear garden remains largely untouched and offers an excellent opportunity for landscaping or personal enhancement. Located in the sought-after area of New Costessey, this bungalow benefits from proximity to local amenities as well as recreational areas like Gunton Lane Recreational Park and Red Bridge Park. These parks provide green spaces along with access to scenic river walks nearby. With essential shops and schools within reach and convenient transport links to Norwich city centre, this location strikes a perfect balance between urban convenience and natural surroundings.

Investment Analysis

(NR5 area)

Below Market Value

This property is priced -24.2% below area average per sq ft

-24.2%
Potential saving
This Property
£215/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£429
Avg Yield
8.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£304,731
10% above area average per sq ft
Potential ROI
+17.2%
After renovation
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

Gunton Lane, New Costessey, NR5
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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
£744
Based on a loan of £157,500 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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