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Mills Close, Taverham, NR8

East of England

£400,000
Listed on 29/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
936 sqft

Description

This detached three-bedroom bungalow sits on a spacious corner plot in the desirable village of Taverham, presenting a compelling opportunity for those looking to invest in a property with great potential. The single-level layout features a central entrance hall that flows into the bright sitting room, which is enhanced by a charming fireplace. The kitchen, equipped with a practical pantry, holds promise for reconfiguration or enlargement, especially with an adjoining lean-to that opens up to the garden. Although the recently fitted bathroom adds value, other areas of the home remain largely untouched, allowing for customization according to your vision. The three well-sized bedrooms boast lovely views of the gardens that wrap around the bungalow, offering flexibility for different uses. Being set back from the road affords it considerable privacy, and the expansive gardens provide ample opportunity for landscaping or even further development pending planning permissions. Additionally, off-street parking is facilitated by a garage and private driveway. This property not only represents a chance for modernisation within a sought-after community but also enables easy access to Norwich and surrounding natural beauty.

Investment Analysis

(NR8 area)

Above Market Value

This property is priced +38.6% above area average per sq ft

+38.6%
This Property
£427/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£263
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£317,529
10% above area average per sq ft
Potential ROI
-29.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Mills Close, Taverham, NR8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,427
Based on a loan of £300,000 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.

Stamp Duty Calculator

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