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Reepham Road, Norwich

East of England

£175,000
Listed on 06/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1044 sqft

Description

This detached dormer bungalow offers a prime opportunity for renovation enthusiasts or investors looking to create a tailored living space in the desirable area of Norwich. Featuring three bedrooms and two reception rooms, the property includes an integral garage and a spacious garden, providing ample outdoor potential. Positioned on a generous plot with convenient off-road parking, it is well-suited for modern family needs and future enhancements. The internal layout is adaptable, with a large lounge, a separate kitchen, and two additional rooms that can be repurposed according to various requirements—whether as extra living space or ground-floor bedrooms. The conservatory at the rear adds versatility to the accommodation. Upstairs, the dormer design reveals two more bedrooms and a family bathroom, presenting further possibilities for adaptation and expansion. Although updating and modernising the property will be necessary, it presents a solid base for those looking to increase its value through renovations. Prospective buyers may consider reconfiguring the existing space, upgrading fixtures, and even exploring extension options (subject to planning permissions) to fully realise its potential. The large back garden is particularly noteworthy; it offers a high level of privacy and invites creative landscaping opportunities or outdoor entertaining spaces—a blank canvas ready for transformation. Located on Reepham Road, this property benefits from proximity to local amenities, reputable schools, and transport links into Norwich city centre. This blend of suburban comfort with accessibility makes it appealing for owner-occupiers or tenants alike. In conclusion, this dormer bungalow represents an outstanding acquisition for anyone looking to invest in a project with significant upside potential in a sought-after neighbourhood. With an expansive plot and flexible accommodation options, it stands ready as both an investment opportunity and a rewarding renovation prospect.

Investment Analysis

(NR6 area)

Below Market Value

This property is priced -44.4% below area average per sq ft

-44.4%
Potential saving
This Property
£168/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£346,128
10% above area average per sq ft
Potential ROI
+47.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NR6)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -6.6%
5 year growth: +10.0%
Investment Disclaimer: Analysis based on NR6 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

Reepham Road, 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
£624
Based on a loan of £131,250 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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