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Bracecamp Close, Ormesby, NR29 3PR

East of England

£375,000

Listed on 28/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1200 sqft

Description

This spacious four-bedroom detached home, situated in a desirable lane of Ormesby St Margaret, presents an excellent opportunity for renovation and investment. The property features a bay-fronted lounge with an inviting brick fireplace and multi-fuel burner, along with an open-plan kitchen diner that overlooks expansive rear gardens. The separate utility room and cloakroom add to the functionality of the ground floor. Upstairs, you'll find four generously sized bedrooms, including a master with an ensuite bathroom. While the home benefits from LPG gas central heating and double glazing, it may require some cosmetic updates to bring it up to modern standards. With vast outdoor space perfect for gardening or play, this property could be transformed into a stunning family residence or an attractive rental investment. Conveniently located near local amenities and within reach of coastal attractions, its potential is undeniable.

Investment Analysis

(NR29 area)

Above Market Value

This property is priced +7.9% above area average per sq ft

+7.9%
This Property
£313/sq ft
Area Average
£290/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£382,140
10% above area average per sq ft
Potential ROI
-7.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NR29)

Area prices are rising by +15.2% over the last 12 months
3 year growth: +10.0%
5 year growth: +24.4%
Investment Disclaimer: Analysis based on NR29 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

Bracecamp Close, Ormesby, NR29 3PR
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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
£1,338
Based on a loan of £281,250 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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