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The Street, Old Costessey, NR8 5DD - Image 1
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The Street, Old Costessey, NR8 5DD

East of England

£600,000
Listed on 29/04/2026

Property Details

Bedrooms
6
Type
Detached

Description

This property presents a unique investment opportunity, offering the potential to acquire a collection of buildings with the option to renovate and either retain or sell as individual units. The site comprises a barn, cottage, shop, and flat, each requiring varying degrees of attention. The barn is in need of substantial renovation, providing an exciting opportunity for those looking to create bespoke living or commercial spaces. The other properties offer additional income potential with some refurbishment likely required. With six bedrooms spread across these structures, there's significant room for creative development in this East of England location.

Investment Analysis

(NR8 area)
Area Average
£308/sq ft
Avg Rent (weekly)
£263
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£90,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NR8)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -3.0%
5 year growth: +14.9%
Investment Disclaimer: Analysis based on NR8 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

The Street, Old Costessey, NR8 5DD
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,141
Based on a loan of £450,000 over 30 years at 3.97% 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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