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Main Road, Ormesby, GREAT YARMOUTH

East of England

£400,000

Listed on 18/06/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1452 sqft

Description

This detached bungalow, located in a desirable non-estate setting within Ormesby St Michael, presents a unique opportunity for renovation and investment. Set on a generous plot, the property comprises two spacious double bedrooms, including a principal suite with an en suite shower room. The contemporary family shower room adds to the functional living space. A modern kitchen featuring a central island serves as the home's focal point, ideal for social gatherings and culinary endeavors. While the interiors are largely well-maintained, there is potential for enhancement throughout, especially with regards to layout and decoration to suit personal preferences. The substantial outdoor area not only offers ample parking and garage space but also presents opportunities for landscaping or expansion of outdoor living areas. One key feature is the accessible loft space that could be transformed into additional living quarters or bedrooms (subject to planning consent), significantly increasing the property's value. With double glazing and oil-fired central heating already in place, comfort is assured year-round. The location combines village charm with convenient access to local amenities and transport links, making it appealing to both families and investors alike. Given its potential for further development and modernisation, internal viewing is highly recommended.

Investment Analysis

(NR29 area)

Below Market Value

This property is priced -4.1% below area average per sq ft

-4.1%
Potential saving
This Property
£275/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£268
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£459,035
10% above area average per sq ft
Potential ROI
+4.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (NR29)

Area prices are rising by +12.9% over the last 12 months
3 year growth: +7.9%
5 year growth: +21.2%
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

Main Road, Ormesby, GREAT YARMOUTH
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,511
Based on a loan of £300,000 over 30 years at 4.45% 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.

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