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Richmond Place, Lyng, Norwich

East of England

£135,000
Listed on 05/05/2026

Property Details

Bedrooms
2
Type
Terraced Bungalow

Description

This end of terrace bungalow presents a promising refurbishment opportunity in a sought-after village location. While it currently requires significant updates throughout, the potential for transformation into a comfortable single-storey residence is clear. The property features front and rear gardens, making it ideal for those looking to create an inviting outdoor space. Inside, the layout allows for flexible accommodation with options for two to three bedrooms. Lyng is known for its active community spirit and offers essential amenities including a shop, café, pub, and a first school. It’s conveniently located just over 4 miles from Reepham, known for its excellent schooling and local services. With some thoughtful renovation, this property could become a lovely home or an attractive investment opportunity.

Investment Analysis

(NR9 area)
Area Average
£313/sq ft
Avg Rent (weekly)
£291
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR9)

Area prices are falling by -5.1% over the last 12 months
3 year growth: -6.1%
5 year growth: +3.4%
Investment Disclaimer: Analysis based on NR9 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

Richmond Place, Lyng, Norwich
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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
£482
Based on a loan of £101,250 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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