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Recreation Road, Gorleston

East of England

£120,000

Listed on 18/05/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This mid-terrace house presents an excellent opportunity for renovation, featuring two bedrooms and a convenient central location near Gorleston High Street and the beach. The layout includes an entrance hall leading to a lounge with an open fireplace, a dining room also equipped with an open fireplace, and a compact kitchen. A ground floor bathroom is present, alongside a side lean-to that offers potential for additional utility or living space. The upstairs consists of two well-sized bedrooms, while the exterior features a front forecourt and an enclosed rear garden. Given its need for updates—such as single-glazed windows and general refurbishment—this property holds significant investment potential for those looking to enhance its value through strategic renovations.

Investment Analysis

(NR31 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR31)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -7.7%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on NR31 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

Recreation Road, Gorleston
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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
£428
Based on a loan of £90,000 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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