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Gloucester Avenue, Gorleston

East of England

£240,000

Listed on 21/05/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
959 sqft

Description

This semi-detached bungalow on Gloucester Avenue presents a compelling opportunity for those looking to invest in a property with substantial renovation potential in a desirable coastal location. The home features off-road parking for three vehicles and includes a garage, making it practical for everyday living. The sunny south-facing garden is an inviting space that can be enhanced further, possibly turning it into an outdoor oasis or entertainment area. Inside, the layout comprises two reception rooms, offering options for flexible use; one is bright and can serve as a welcoming lounge while the other opens to the garden through French doors, merging indoor and outdoor living spaces. The kitchen is functional but could benefit from modernisation to suit personal tastes. A wet room adds convenience but may also require updates to improve accessibility and aesthetics. There are two bedrooms, with one showing signs of subsidence—a serious consideration that presents an opportunity for significant value enhancement through necessary repairs. Additionally, the summer house at the rear offers potential as either a hobby space or tranquil retreat. This property is ideally located near shops, schools, and local amenities while providing easy access to Gorleston Beach—perfect for those who appreciate coastal life balanced with practicality. With ample investment opportunity available, this bungalow awaits transformation into a custom home tailored to your vision.

Investment Analysis

(NR31 area)

Below Market Value

This property is priced -0.7% below area average per sq ft

-0.7%
Potential saving
This Property
£250/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£265,782
10% above area average per sq ft
Potential ROI
-5.1%
After renovation
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

Gloucester Avenue, 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
£856
Based on a loan of £180,000 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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