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Grove Avenue, New Costessey, Norwich

East of England

£325,000

Listed on 26/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1342 sqft

Description

This detached bungalow, nestled on a generous plot, offers over 1,340 square feet of living space and presents an excellent opportunity for buyers interested in a renovation project with the potential for extension or reconfiguration (subject to planning). The property features a welcoming hallway that leads to a sizeable 22-foot sitting and dining area, ideal for entertaining. The kitchen boasts good dimensions and connects directly to a utility room, ensuring functionality for modern living. With two spacious ground-floor double bedrooms and a family bathroom designed for ease of use, the home also includes a versatile loft area that could be transformed into additional living space or an office. The expansive rear garden provides ample outdoor potential, framed by mature plants and trees. Frontage includes off-road parking space leading to a garage, making this property not only promising as it stands but also ripe for further development.

Investment Analysis

(NR5 area)

Below Market Value

This property is priced -14.2% below area average per sq ft

-14.2%
Potential saving
This Property
£242/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£420
Avg Yield
7.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£416,731
10% above area average per sq ft
Potential ROI
+14.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR5)

Area prices are falling by -5.8% over the last 12 months
3 year growth: -9.2%
5 year growth: +3.4%
Investment Disclaimer: Analysis based on NR5 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

Grove Avenue, New Costessey, 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
£1,159
Based on a loan of £243,750 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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